Learn more about account options

Receive dividend and capital gains distributions in 4 convenient ways

• Distribute by check. Receive your dividends and/or capital gains distributions by check sent to your address of record via U.S. mail.
• Reinvest in the same fund. Reinvest your dividends and/or capital gains distributions in additional shares of the same fund.
• Transfer to a Vanguard® fund. Use our Directed Dividend Plan to have your dividends and/or capital gains distributions reinvested automatically in shares of another identically registered Vanguard holding.
• Transfer to a bank account. Use our Distribution Transfer service to electronically transfer your dividends and/or capital gains distributions from your Vanguard account to your bank account. The name and address on your bank account must match those on your Vanguard account. Note: Vanguard needs 14 days to verify any new bank information before scheduled transactions can occur. If your fund's next payable date falls within this period, you may receive that dividend and/or capital gains payment by check via U.S. mail.

Move money electronically on a set schedule

• Automatic Investment Plan (AIP). Invest in your Vanguard funds on a regular basis. Transfer money from your bank account to your Vanguard fund account on the schedule you set. AIP lets you take advantage of dollar-cost averaging—the strategy that allows you to buy more shares when prices are low and fewer shares when prices are high.*
• Automatic Exchange Service (AES). Enjoy convenient, regular exchanges between your Vanguard fund accounts. Move a fixed amount of money from one Vanguard fund account to another on the schedule you set. This service is ideal for building savings and taking advantage of dollar-cost averaging.*
• Automatic Withdrawal Plan (AWP). Withdraw funds on a regular basis. Redeem shares from your Vanguard fund account and have the proceeds transferred to your bank account on a regular basis. This service is ideal for IRA shareholders who are age 59½ or older and want to draw income from their IRAs.
• Vanguard® Direct Deposit Service. Transfer all or part of any recurring payment of $100 to $100,000—including paychecks, pensions, and Social Security and other U.S. government payments—directly from the payer to your Vanguard® accounts.

Transfer money any time by phone, online, wire, or check

• Periodic Purchases and Redemptions. Purchase or sell Vanguard fund shares any time. Transfer money from your bank account to your Vanguard account—or from your Vanguard account to your bank account—by simply calling us or visiting our website.
• Wire Redemption. Enjoy the convenience of selling shares and wiring proceeds of $1,000 or more to your bank. Generally, you can access wired money the day after your bank receives it.
• Vanguard® Checkwriting Service. Write checks of $250 or more. You’ll pay no per-check fees or printing charges. You’ll receive regular monthly statements that show redemptions and images of the checks you’ve written during the previous month. When your supply runs low, Vanguard automatically sends a new checkbook, or you can order checks online.

*Dollar-cost averaging does not guarantee that your investments will make a profit, nor does it protect you against losses when stock or bond prices are falling. You should also consider whether you would be willing to continue investing during a long downturn in the market.