How to Manage Auto-Deposits: Set Up, Adjust, Skip, or Cancel

How can I manage my auto-deposit?

You can easily turn on, turn off, adjust, or skip your auto-deposit settings directly from your Betterment account.

Key Information About Auto-Deposits

• Initiation Date: Auto-deposits are initiated on the date you set, and funds are generally invested on the next market day.
• Notification: Betterment will email you the day before a scheduled auto-deposit with an option to adjust or skip it.
  
  

How to Manage Your Auto-Deposit

How to Turn On an Auto-Deposit

Using the Mobile App:

1. Visit your Home page.
2. Tap Move Money.
3. Tap Manage recurring transactions.
4. When entering deposit details, you can choose a frequency: one-time, monthly, twice a month, every other week, or weekly. For recurring deposits, you can also select the exact date(s).

Using a Web Browser:

1. Log in to your Betterment account.
2. Click Transfers from the menu on the left.
3. Select the Recurring transactions tab.
4. Click create new recurring transfer.
5. When entering deposit details, you can choose a frequency: one-time, monthly, twice a month, every other week, or weekly. For recurring deposits, you can also select the exact date(s).
   
   

How to Edit an Existing Auto-Deposit

Using the Mobile App:

1. Log into the Betterment Mobile App
2. Tap Move Money at the bottom of your home screen.
3. Tap Manage recurring transactions.
4. Tap Edit > Update next to the deposit you'd like to modify.

Using a Web Browser:

1. Log in to your Betterment account.
2. Select Transfers from the menu on the left of your screen.
3. Navigate to the Recurring Transfers tab. Here you will see an overview of your existing recurring deposit(s).
4. Click Edit and Update to modify the frequency and/or amount, and save your changes. 

Please note that if you need to edit your funding bank account for an auto-deposit, you must do so 3 business days before your auto-deposit is scheduled for it to be pulled from the updated funding account.

How to Turn Off an Auto-Deposit

Using the Mobile App:

1. Log into the Betterment Mobile App
2. Tap Move Money at the bottom of your home screen.
3. Tap Manage recurring transactions.
4. Tap Edit > Turn off next to the deposit you'd like to turn off.

Using a Web Browser:

1. Log in to Betterment on a web browser. 
2. Select Transfers from the menu on the left of your screen.
3. Navigate to the Recurring Transfers tab. Here you will see an overview of your existing auto-deposit(s).
4. Click Edit and Turn off and confirm your choice.

Important:

• If there’s a pending auto-deposit scheduled within the next 24 hours, you must turn off the auto-deposit by 4 PM EST to cancel it automatically.
• If you turn off the auto-deposit after 4 PM EST, you’ll need to skip any pending deposits separately. Please refer to the next section “How to Skip an Upcoming Auto-Deposit” for more details.
  
  

How to Skip an Upcoming Auto-Deposit

1. Open the email notification you receive the day before a scheduled auto-deposit.
2. Click the Skip Deposit option provided in the email.
   
   

Auto-Deposits For 401(k) Contributions

If you want to edit your 401(k) contribution rate, visit our 401(k) deposit FAQ.