FEITF
 
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Frequently Asked Questions

How do I open an account? 

How do I invest in the Fund?  

How do I send the funds to FEITF for the initial investment? 

How can I check my account balance?  

Can I obtain account information online?  

How do we change our wire instructions or authorized representatives for an account?  

What are my options for transferring funds electronically? 

How do I withdraw funds from my account with FEITF?  

 

 

 Q. How do I open an account? 

A: To open an account, Participants/Investors will need to complete and send the following forms to FEITF Client Services (available on the Forms and Documents section of this site):

  • Account Application
  • New Participant/Investor Application (if this is your entity's first FEITF account)
  • Contact Record Form
  • Permissions Form, and
  • IRS W-9 Form

By Fax:  (800) 252-9551

Or by mail:
FEITF Client Services
P.O. Box 11813
Harrisburg, PA 17108

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Q. How do I invest in the Fund? 

A: There are two options for electronic funds transfer available to FEITF Participants/Investors:

Wire Transfer.  Participants/Investors may invest in the Fund by sending a wire transfer to Wells Fargo Bank, N.A., the Fund's Custodian and Depository.  To make an initial investment by wire an Investor must follow the following steps:

Step 1.  Complete and send the following forms to FEITF Client Services (available on the Forms and Documents section of this site):

  • Account Application
  • New Investor Application (if this is your entity's first FEITF account)
  • Contact Record Form
  • Permissions Form, and
  • IRS W-9 Form

On the Account Application, "Wire" must be selected as the investment method and the bank information from which the deposit will be withdrawn should be provided.  FEITF Client Services will contact the account holder with the new account number and to initiate the wire transfer.

Step 2.  Instruct the Participant's/Investor's bank to wire funds to Wells Fargo Bank, N.A.

Wire instructions can be found under Participant/Investor Resources or you can contact the FEITF Client Services at 1-877-495-8246.

Subsequent investments can be made by an authorized Participant/Investor online at www.feitf.com or by calling FEITF Client Services at 1-877-495-8246.

Important - Notification of wire purchases and request for wire withdrawals must be received by the FEITF Client Services prior to 2:00 p.m., Eastern Time, to receive that day's trade date.

The Fund does not charge a fee for receipt of bank wires; however, a Participant's/Investor's bank may charge a fee for wiring funds.  There is no limit to the number of wire transfers a Participant/Investor can send to the Fund.

ACH Transfer.  Participants/Investors may invest in the Fund by ACH.  FEITF Client Services will initiate an ACH debit from the Participant's/Investor's local bank account.  To make an initial investment by ACH, a Participant/Investor must follow the following steps:

Step 1 - Complete and send the following forms to FEITF Client Services (available on the Forms and Documents section of this site):

  • Account Application
  • New Participant/Investor Application
  • Contact Record Form
  • Permissions Form, and
  • IRS W-9 Form

On the Account Application, "ACH" must be selected as the initial investment method and the bank information from which the funds will be withdrawn should be provided.

Subsequent investment can be made by an Authorized Participant/Investor online at www.feitf.com or by calling the FEITF Client Services at 1-877-495-8246.

Important - ACH purchase requests must be received by 4:00 p.m., Eastern Time, to receive that day's trade date.  The ACH will be withdrawn from the Participant's/Investor's bank account the following business day.  Upon purchase settlement, the investment will begin earning income.  If a Participant/Investor intends to initiate their own ACH purchase they must notify FEITF Client Services in advance of making the purchase for further instruction by calling the FEITF Client Services at 1-877-495-8246.

The Fund does not charge a fee to initiate an ACH transfer to the Fund; however, a Participant's/Investor's bank may charge an ACH debit fee. 
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Q. How do I send funds to FEITF for the initial investment?  

 A: Before wiring funds, you must first complete all necessary documentation to open a FEITF account.  See Forms and Documents on this website. After you have been notified that the account is opened, please contact FEITF Client Services at 1-877-495-8246 with the amount to be invested and the name of the bank sending the funds.  Funds should be wired to FEITF before 2:00 p.m. Eastern Time for same day investment.

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Q. How can I check my account balance?  

A. View your account information online or contact a Fund Representative at 1-877-495-8246.
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Q. Can I obtain account information online? 

A. Account information is available through the Account Access on this website for registered Investors or by calling FEITF Client Services at 1-877-495-8246.

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Q. How do we change our wire instructions or authorized representatives for an account?  

A: You will need to provide written notification of the change signed by an authorized individual. Please utilize the Forms and Documents section of this website for the correct form or contact FEITF Client Services at 1-877-495-8246.  The notification should be sent to FEITF Client Services either by fax 1-800-252-9551 or mail at:

FEITF Client Services
P.O. Box 11813
Harrisburg, PA 17108 
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Q. What are my options for transferring funds electronically?  

A: There are two options for electronic funds transfer available to FEITF Participants/Investors:

Same Day Wire Transfer – Funds can be transferred by wire to or from a FEITF account. For incoming transfers, you must (1) initiate the transaction on the Internet at www.feitf.com or by calling FEITF Client Services at 1-877-495-8246, and (2) instruct your financial institution to send the funds to FEITF. For outgoing transfers, Participants/Investors may request a wire transfer of funds on the Internet at www.feitf.com or by calling FEITF Client Services at 1-877-495-8246. Transfer requests received prior to 2:00 p.m. Eastern Time will be processed that same day. FEITF has no service charge or fee for this service.

Next Day Transfer – Next Day Transfer utilizes the Federal Reserve’s Automated Clearing House (ACH) system to transfer funds to/from your FEITF account. Funds are transferred overnight and are available in the designated account the next business day. Participants/Investors may request an ACH transfer of funds via the Internet at www.feitf.com or by calling FEITF Client Services at 1-877-495-8246. The Next Day Transfer Form must be completed in advance of the initial transfer.
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Q: How do I withdraw funds from my account with FEITF? 

A: Authorized Participants/Investors may withdraw funds online at www.feitf.com or by calling FEITF Client Services at 1-877-495-8246. FEITF Client Service representatives are available on Business Days from 8:30 a.m. until 5:00 p.m. Eastern Time to request redemption by either Fed wire or ACH. Participants/Investors are permitted unlimited wire transfers per month without charge. There is no limit to the number of ACH transactions. Funds may be withdrawn in the following ways: 

 

By Wire - Participants/Investors may initiate a wire withdrawal online at www.feitf.com. If the transaction request is received before 2 p.m. Eastern Time, the amount will be wired on the same day to the bank account specified on the Investor’s Account Application Form. Requests received after 2:00 p.m. Eastern Time will be processed on the following Business Day. The Fund does not charge for a same day wire, but a Participant's/Investor’s bank may.  

 

By ACH - Redemption requests received by FEITF Client Services prior to 4:00 p.m. Eastern Time, will be given that day's trade date for the redemption. The ACH will be deposited to the Participant's/Investor’s bank account the following business day. Redemption requests received by FEITF Client Services after 4:00 p.m. Eastern Time, will be given the next business day's trade date and will be deposited to the Participant's/Investor’s bank account the following business day. Consult your financial institution for its funds availability guidelines for ACH. This method normally provides access to funds earlier in the business day, and bank charges, if any, are normally much lower than for a wire transfer.  

 

Withdrawal of All Funds in Account - If at any time a Participant/Investor wishes to withdraw all of its funds in a Fund account, the funds including accrued interest to date will be sent to the Participant/Investor by wire or ACH. Investors can request a withdrawal of all funds online at www.feitf.com or by calling FEITF Client Services at 1-877-495-8246. 

 

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This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Participants/Investors should consider the Florida Education Investment Trust Fund's (the "Fund") investment objectives, risks, charges and expenses before investing. This and other information about the Fund is available in the Fund's Information Statement, which should be read carefully before investing. Copies of the Fund's Information Statement may be obtained by calling 1-877-495-8246 or are available on the Fund's website at www.feitf.com.  While the FEITF Portfolio seeks to maintain a stable net asset value of $1.00 per share and the FEITF Term portfolio seeks to achieve a new asset value of $1.00 per share at its stated maturity, it is possible to lose money investing in the Fund. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Fund are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org) and Securities Investor Protection Corporation (SIPC) (www.sipc.org). PFM Fund Distributors, Inc. is a wholly owned subsidiary of PFM Asset Management LLC. 

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