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In offering Cash Reserve, is Betterment a bank?

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Cash Reserve is only available to clients of Betterment LLC, which is not a bank, and cash transfers to program banks are conducted through the clients’ brokerage accounts at Betterment Securities.

Cash Reserve offered by Betterment LLC and requires a Betterment Securities brokerage account. Betterment is not a bank. FDIC insurance provided by Program Banks, subject to certain conditions. Learn more.

 

Checking accounts and the Betterment Visa® Debit Card provided and issued by nbkc bank, Member FDIC.