Referral Bonus Terms and Conditions

The offer is valid only for new individual accounts with Betterment and does not apply to employer-sponsored retirement accounts provided through Betterment for Business, to accounts advised through the Betterment for Advisors platform, and to any fees charged by an advisor you are matched with through the Betterment Advisor Network.

To qualify, you must open a new individual Betterment account using the special designated link from your invitation. The referring friend who sent you this invitation is a Betterment customer and has done so through Betterment’s customer Refer a Friend program. If you qualify, Betterment will waive its fees applicable to your Betterment account for a period of 90 days, and Betterment will also waive its fees applicable to your referring friend’s account for a period of 30 days, with both such periods determined by Betterment. If you are the third person that your referring friend has referred, they will receive an additional year-long fee waiver. They will not receive an account bonus if they have already referred five other friends. Even if your friend is not eligible for an account bonus, you can still receive one.

Betterment is not responsible for incorrect entry or other failure on your part to meet the standards for qualifying for the bonus.

This promotion is not valid with any other offers and is non-transferrable. Offer available to U.S. residents only.

Betterment reserves the right to terminate this offer at any time and to refuse or recover any promotion award if Betterment determines that it was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided in opening the account, that any rules or regulations would be violated, or that any terms of the Betterment Account Agreements have been violated.

After the period of time for which your fees will be waived pursuant to the Refer a Friend Program, there will be no differential between the amount or level of investment advisory fees that Betterment will charge for managing your account and that which it would customarily charge for managing any other new client with similar assets who did not participate in the Refer a Friend Program. Betterment is an SEC Registered Investment Adviser.

View Betterment’s wrap fee brochure and customer agreements.