Checking Transactions

Deposits and Withdrawals

Transfers initiated into Checking from within your Betterment account—drawing from a connected funding account—will add to your Checking balance by the following business day if placed by 4 PM ET. However, these funds will be in a “pending” status until the funds are fully available to you to use. The pending status usually lasts for 4 to 5 business days. We’ll display an estimated completion date for any deposits you make into Checking.

If you initiate a transfer into Betterment from another bank’s side—either through their website or with assistance from your other bank— the funds will typically be fully available to you within 1 to 2 business days.

Withdrawals to a connected funding account generally take 1 to 2 business days to fully complete.

In some situations, withdrawals may take longer. An example of this would be if you make a deposit and then withdraw it to your connected funding account immediately, which could lead to your withdrawal taking up to 6 business days to be fully received.

Transfers Between Checking and Other Accounts

If you use Betterment Checking to fund an investment goal or Cash Reserve, expect those transactions to take 1-2 business days.

If you use Betterment Checking to fund a Cash Reserve or Cash goal account, most transfers under a total daily limit of $10,000 between these two account types will be available on the same day, if the transfer qualifies for a Same-day Transfer. Transfers that are eligible for a Same-day Transfer are automatically completed on the same day they are initiated, whenever possible.

Transaction Limits

Daily ATM Withdrawal Limit: $500

This limit includes any ATM surcharge fees charged by the ATM operator. Remember that we’ll reimburse ATM fees at ATMs worldwide. Your card will only work at ATMs where Visa debit cards are accepted.

Daily Debit Card Transaction Limit: $2,000

Transferring To And From Your Connected Funding Account: Transfer limits are $25,000 per deposit and $10,000 per withdrawal, subject to change at Betterment's discretion. In certain situations the limits may also be temporarily adjusted to accommodate a specific transaction.

Contact us if you have questions about transaction amount limits and how they may apply to your specific situation.