Instant Withdrawals

No. Any Instant Withdrawal fee is canceled if the transfer doesn’t go through.

It depends on your account: Betterment Plus members and Advised clients: Betterment waives the Instant Withdrawal fee. All other customers: 1.5% of the withdrawal amount, with a $1 minimum and a $50 maximum. The fee is deducted from your withdrawal. For example, if you request $100, the fee is $1.50 and you’ll receive $98.50. Standard transfers don’t carry this fee. Your receiving bank may also charge its own fee for incoming instant payments, so it’s worth checking with them. If an Instant ...

You can make full or partial withdrawals from your Cash Reserve. Instant Withdrawals aren’t available from managed investing accounts, self-directed investing accounts (SDI), retirement accounts, or Checking accounts.

Not at this time. Instant Withdrawals are only available for one-time withdrawals you start yourself.

Instant Withdrawals are available to all Betterment customers who have a funded Cash Reserve account. Keep in mind that each withdrawal still has to meet eligibility requirements, like having a verified external bank account that supports instant payments.

Instant Withdrawals let you move money from your Cash Reserve to your linked external bank account in minutes, instead of waiting for a standard ACH transfer. You can always choose a standard transfer instead.

Being a Betterment Plus member or Advised client doesn’t guarantee that every withdrawal can be sent instantly. Each withdrawal has to qualify. The most common reasons this option may not appear include: Your external bank account hasn’t been verified as yours Your bank doesn’t support instant payments The amount is below the $10 minimum or above your daily limit The withdrawal isn’t from a supported account, like Cash Reserve If your withdrawal doesn’t qualify to be “Instant”, you’ll still see ...

If your account isn’t verified, contact our support team. We’ll send you a secure link to upload a color photo of your current ID and your most recent statement for that bank account. Our team will review them and verify the account, and the Instant option will then appear when you make an eligible withdrawal.

Your bank needs to participate in the RTP® network or the FedNow® Service. You can check the current participant lists here FedNow: https://www.frbservices.org/financial-services/fednow-service/fednow-service-participants-service-providers/ RTP: https://www.theclearinghouse.org/payment-systems/rtp/RTP-Participating-Financial-Institutions

To keep your money safe, we need to confirm that the bank account you’re withdrawing to belongs to you. This applies no matter how long the account has been linked.

Yes. The minimum is $10, and the daily maximum is $50,000 per legal account, per calendar day (Eastern Time). Withdrawals that don’t go through don’t count toward your daily limit.

Your Activity page shows the Instant Withdrawal for the amount sent, with a separate line for the fee if one applies. Completed withdrawals show as completed, and failed withdrawals and fees appear crossed out. On your statements, it appears as “Withdrawal to Linked Bank Account,” with a separate “Fee” line if applicable.

You’ll get an email when your withdrawal is completed. We don’t send a separate email when it’s initiated.

A “pending” status doesn’t mean the withdrawal has failed. If you’re concerned, contact our support team; please don’t submit a duplicate withdrawal.

You’ll get an email letting you know, and no fee will be charged. The withdrawal won’t automatically switch to a standard transfer. You can submit it as an Instant Withdrawal again or choose a standard transfer.

Start a withdrawal from your Cash Reserve and enter the amount and destination. If your withdrawal is eligible, you’ll see the option to send it “Instant” or as a standard transfer. Betterment Plus members and Advised clients will see “Instant” selected by default. All other customers will see a standard transfer selected by default and can switch to Instant. Before you confirm, you’ll see the applicable fee and the exact amount you’ll receive. If your withdrawal isn’t eligible to be “Instant”, ...

The $50,000 limit applies to each legal account. All sub-accounts within a joint or trust account share one daily limit, while separate legal accounts each have their own.

Instant Withdrawals are designed to arrive within minutes. Because delivery also depends on the receiving bank involved, we can’t guarantee the money will arrive immediately every time.

Instant Withdrawals can’t be canceled or reversed once they’re sent, so please double-check the amount and destination account before you submit it in the app.