Effective June 30, 2012, GoalMine will no longer offer or service mutual fund investments. If you currently have money invested in GoalMine mutual funds, you have the following options to withdraw your funds.
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Transfer your money to a GoalMine Savings Account
- Move your money to a Mango Savings Account offering up to 6.00% APY† (powered by Rev)
- Withdraw your money directly to a bank account or via a check
If you do not withdraw your funds from GoalMine's mutual funds by 4:00 PM EST on June 29, 2012, we will liquidate your mutual fund accounts and send the money back to you. If you have bank accounts on file, we will send the money back to the first bank account. If you do not have a bank account on file, we will mail a check to the address on record.
Instructions for Removing Mutual Funds
Option 1: Transfer your money to a GoalMine Savings Account*
Go through the planning screens, accept the savings agreement, and transfer your funds
Under "Other Settings," choose "Edit"
Enter how much money you want to transfer into savings (you need $1 to open your savings account), accept the terms and conditions, and click the green button to open your account
Enroll in Mango by visiting www.mangomoney.com and clicking the "Sign Up" button
Load your card by enrolling in Mango's Free Direct Deposit, by transferring funds from a bank account, or by adding cash at thousands of locations. Note: to qualify for the 6.00% APY†, you must enroll in Mango's Free Direct Deposit.**
Click the Savings link under the "Get the Most Out of Mango" section
The GoalMine Savings Account is FDIC-insured and provides the tools you need to grow your account by sharing with friends and family. To do this:
If you already have a Mango account, transferring your money is easy. Simply follow the instructions in Option #3 to transfer the funds back to your Mango card. Wait 1 - 2 days for the funds to be transferred. Then log into your Mango account and transfer the money from your prepaid card into savings.
If you don't already have a Mango account, you can open one. Follow the instructions in Option #3 to withdraw your funds back to a bank account or a check. Then open a Mango account:
Log into your account. Next to the goal you want to transfer, click the blue "Edit" link
*For details on GoalMine’s Savings Account and APY click here.
** Mango's Savings with 6.00% APY† is a limited-time offer available to first-time Direct Deposit customers only. To be eligible, customers must start Direct Deposit from a recurring source by June 15th and their monthly direct deposit amount must be equal to or greater than $50. The account will be created within 30 days of the second direct deposit if Direct Deposit is still active on the account.
† Interest is calculated on the average daily balance of your Savings Account and paid monthly. Annual Percentage Yield ("APY") and the APY comparison as advertised are accurate as of May 21, 2012. The APY advertised applies only to the portion of your Savings Account balance which is $5,000 or less. An APY of 0.10% will be paid on the portion of your Savings Account balance which exceeds $5,000. Fees may reduce the earnings on your Savings Account. This is a promotional rate and is subject to change without notice. A minimum of $1.00 is necessary to open your Savings Account. A limit may be placed on the maximum amount of funds you can deposit into your account. This limit might be exceeded by interest accruing on the funds. The limit may be changed from time to time.
Log into your account, choose the goal you want to withdraw funds from, and click on the "Withdraw" tab
Choose how you want to get your money (bank account transfer or check), and follow the instructions
