Wiring your funds
Once you’ve successfully completed Odin’s verification checks, the final stage of the investment flow will be to wire your funds into the SPV.
There are three essential points to ensure that you have correct at this stage before executing the wire:
- The amount that you are wiring;
- The custom payment reference, and;
- Odin’s bank details that you are transferring your funds to.
If you’re on the move and can’t make payment at the moment, make sure you download your payment instructions using the button at the bottom of the page. This will download the payment instructions in PDF format, so you can wire your funds later without having to log back into Odin.
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Understanding the Transfer Instructions Page
On the right hand side of the page, you’ll find a breakdown of your commitment amount, the Odin platform fee (if applicable), the fee charged by the Syndicate Lead (if applicable) and the total due.
If you’re paying your pro-rated share of Odin’s fee, please double-check the amount with your Syndicate Lead as the platform itself only provides an estimate. The true amount due may be slightly different.
The top of the page reaffirms the total due, i.e. the amount that you need to wire as well as your payment reference (highlighted in yellow). This custom payment reference is unique to each deal you invest in, and should not be re-used for successive investments through Odin.
Below this section, you will find the payment instructions listed for your bank transfer, which can be downloaded at any time. These details will vary depending on the deal currency.
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Executing the wire
Please avoid using any saved Odin details to wire funds, as bank instructions and details may change, potentially leading to your payment being refunded.
You can make a payment via bank transfer using the steps provided below, or choose to deposit funds into a deal via our 'Wallet' feature. Wallets are explained on the next page.
In your banking app, or through your online banking, select make a payment to a new payee, and input all of the relevant details to set Odin up as a payee.
Please check that the total due, custom payment reference and bank details are all correct before initiating your wire. The sender’s name (whether using a personal or business account) must match the Odin account holder’s name so that we can reconcile the payment.
Once you’ve made the payment via your bank, click ‘I’ve completed my payment’ on the Transfer Instructions page. This will notify your deal lead that the transfer has been made.
If you face any issues with payments reaching Odin, please see: My payment is taking ages to land.