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What’s a funding source and how can I change it?
What’s a funding source and how can I change it?
Written by Adam Rayf
Updated over a week ago

Your funding source is the account from which we withdraw the recurring contribution that we invest in your Moka investment account, also referred to as your goal(s), on a weekly basis. It is also the account that we will debit the monthly Moka fee ($7.00 for Moka advantage or $15.00 for Moka 360) from at the end of each month. You can view your current funding source by logging in to your Moka application and going to Account > Linked accounts.

Since the Moka app was built to automatically connect to your chequing account, Moka might have already chosen a default funding account for you. It's important that once set up, you verify and modify the chosen account if need be. You can modify your funding source at any time in the Moka app.

If the account you'd like to use isn't a typical chequing account, you can select another account by clicking on Account > Linked accounts > Use another account.

If at any point on your Moka adventure, you withdraw funds, your money will be deposited in your current funding source.

Please note your funding source is also the account from which your monthly Moka fee will be withdrawn.

🛠️ We are revamping our Moka 360 service, therefore it is currently not available for new customers as of January 27, 2024.

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