ACATS Transfers

Electronic investment transfer service for eligible accounts

Getting started

How ACATS Transfers Work At Betterment

When possible, we use the ACATS method (Automated Customer Account Transfer Service), to electronically transfer assets and cash to Betterment. Generally, an ACATS transfer is faster and more convenient than other types of transfers. Here’s an overview of how the ACATS transfer process works at Betterment. Please see our full ACATS terms and conditions for more information. 1. We’ll notify your current provider of the account(s) that you’d like to transfer. We can do all the heavy ...

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Accounts Eligible For ACATS

Betterment has the ability to electronically transfer nearly all ETFs and cash, as well as many mutual funds and single stocks, provided they are held in an ACATS eligible account. When determining if your account is eligible for an ACATS transfer, we verify that the account meets all of the following requirements: Held by a provider that supports ACATS transfers. Classified as an ACAT-eligible brokerage account by your current provider. Legacy mutual fund accounts, annuities, and ...

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How it works

How to begin the paperless ACATS transfer process

Here are the key steps to begin the paperless ACATS transfer process. 1. Make sure you have a connected account. To instantly connect an account, log in on a web browser, scroll down to the Connected Accounts section, and click “Connect accounts.” 2. Review your accounts eligibility and initiate the transfer. Select “Transfers” from your Menu bar and then navigate to the section titled “Transfer a connected account”. Individual Taxable Account: If your individual taxable account is fully ...

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How to begin the paper ACATS transfer process

Please email transfers@betterment.com to begin a conversation with a transfer specialist. You’ll be asked to securely upload your most recent account statement for review, after which personalized transfer guidance will be provided. Note: If you are looking to move an account that’s $100,000 or greater in value, feel free to request assistance from our Licensed Concierge team directly. As always, our transfer team is available to assist as needed. Please do not hesitate to reach out to ...

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Tax information

Tax implications of moving an account through the ACATS system

When deciding whether to switch from another provider, it’s smart to consider the benefits alongside any potential tax implications. IRA Accounts: Since we use the direct trustee-to-trustee transfer process, to move IRA accounts electronically to Betterment, there are generally no taxes or penalties to make the switch. Once we receive your IRA transfer(s), we will sell any investments moved in-kind and then use your cash proceeds to buy new shares of the ETFs that make up your target Betterment ...

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