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How To Add Or Change A Funding Account

You’ll need to link your bank accounts—either manually or electronically—in order to make deposits and request withdrawals.

Articles by Betterment Editors
By the Editorial Staff Betterment Resource Center Published Sep. 01, 2018 | Updated May. 05, 2021
Published Sep. 01, 2018 | Updated May. 05, 2021
3 min read


Adding a Funding Account

The external bank accounts you link to your Betterment account for the purpose of transferring funds must be in your name.

We suggest that you use checking accounts rather than savings accounts, because savings accounts typically limit the number of monthly withdrawals you can make. If your other bank uses the same routing and account numbers for both your checking and your savings account, our system will default to pulling from and depositing to your checking account.

For security reasons, we allow you to use up to three different external bank accounts to deposit and withdraw from your investing accounts and Cash Reserve every 90 days. External bank accounts associated with active auto-deposits, auto-withdrawals, or Two-Way Sweep also count toward this limit.

No matter how many external bank accounts you have linked, you’ll always be able to fund your goals with Checking.

When it comes to funding your Checking account, you can only link one external bank account at a time.

You are not able to set up multiple auto-deposits into Cash Reserve or any single investment goal. However, you can set up auto-deposits from one linked funding source and then separately make manual one-time deposits from another linked funding source.


Linking a bank account electronically creates a secure, read-only connection with your financial institution through our data partner, Plaid. Betterment does not store your login information and will never share, sell, rent, or trade your information without your approval.

To add a bank account electronically, log in on a web browser and select “Settings” from the menu and then select “Funding Accounts.” You will then see the option to add the bank accounts you want to fund with.

If you’ve instantly connected your bank account in the past for tracking purposes, you’ll be able to choose that account and instantly link it for funding purposes. If not, you will be able to search for your bank by name. If the option to link your bank account electronically is available, you can create an instant link by providing your username and password for that institution.

Your external bank might require you to complete additional two-step verification, which is an additional layer of security, before we can gain access to the account. If so, you will be prompted with verification questions or a code, which are generated after you provide your login credentials. This code is typically provided to you by your other bank via email, text, or telephone call.


If you are not presented with the option to link electronically, or you choose not to, you can manually link your bank account with your account and routing number.

To add your bank account manually, log in on a web browser and select “Settings” from the menu and then select “Funding Accounts.” You will then see the option to add the bank accounts you want to fund with. Select the “add by account and routing number” option rather than by searching for your bank’s name.

Linking manually involves us sending two micro-deposits (each under $1.00) to your bank, which you must then verify inside of your Betterment account. Due to standard ACH timelines, this process generally takes 1-2 business days.

Making Changes To Your Funding Accounts

Because an electronic ACH transfer is the primary way to move money to and from Betterment, you will not be able to delete all of your linked bank accounts unless you add at least one new bank account to replace them with.

On a web browser: Select “Settings” from the menu and then select “Funding Accounts.” You’ll then be able to add or change your funding accounts.

On the mobile app: After logging in, tap the three bars on the top left. Select “Settings” and then select “Funding Accounts.” You’ll then be able to add or change your funding accounts.

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Betterment Checking

Checking accounts and the Betterment Visa Debit Card provided by and issued by nbkc bank, Member FDIC. Funds deposited into Checking are FDIC-insured up to $250k for individual accounts and up to $250k per depositor for joint accounts. Betterment Checking made available through Betterment Financial LLC. Neither Betterment Financial LLC, nor any of their affiliates, is a bank. Betterment Financial LLC reimburses ATM fees and the Visa® 1% foreign transaction fee worldwide, everywhere Visa is accepted. Checking accounts do not earn APY (annual percentage yield). Betterment Cash Reserve and Betterment Checking are separate offerings and are not linked accounts.

This article is part of
Betterment's Customer Help Center

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