The Product — EBS Q & A
How Will My Funds Be Collected?
The EBS electronically debits your bank account through the Automated Clearing House (ACH) system. This ensures the prompt and precise transfer of client funds. The Client enrollment form authorizes GemCap Equity Management, Inc. to debit your specified account. We monitor each client's account to make sure that the fund transfer was successful. These funds are deposited in an FDIC insured bank. GemCap then draws upon this depository account to make your loan payment.