Q: How do I open up an investment account with CFR? (other than an IRA)
First, start by reading through our prospectus. Next, complete the Investment Application and form W9. Finally, enclose a check payable to CFR and mail it to our office.
Q: How do I open an IRA?
In addition to the investment application and W-9, an IRA applicant must also complete a Reliance IRA Application Form. Checks for all IRAs must be payable to Reliance Trust Company (CFR’s approved IRA custodian.) Please contact our office for further information.
Q: How do I transact business with CFR?
You can transact business with CFR in the following ways:
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**Call our office (Phone Transfers)
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Mail your request
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Fax your request
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Visit our office
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Set up an ACH direct debit or credit
**Prior authorization (from the investor) is required to perform phone transfers
** Ready Cash and IRA investments are excluded from phone transfers
Q: Does CFR charge for bank transfers?
We do not charge for electronic fund transfers (EFTs) which usually takes 24-48 hours to process. We do charge for wire transfers. All wire transfers must be requested no later than 2:00 PM EST. The customary fee for a wire transfer within the U.S. is $25, and $50 for international wire transfers.
Q: What maintenance or custodial fees will I be charged at CFR?
CFR assesses no fees on any investments.
Q: How often does CFR pay interest?
Interest is compounded daily and can be paid monthly, quarterly, annually, or left to compound and grow. Annual yields are noted on all current rate sheets (view current rates)
Q: How will my investment help another church?
Funds placed with CFR are used to make Christian church loans, thus helping churches grow, expand, and ultimately reach more people for Christ.
Q: Who is eligible to invest with CFR?
Florida residents may place investments at CFR, and some residents who live outside the state may also be eligible. Please contact our office to verify CFR’s licensing ability to accept investments from your state.
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