You can initiate a withdrawal at any time via the Transfer page of your Betterment account. Withdrawals generally take 4-5 business days to arrive in your bank account.
Full withdrawal terms and conditions are listed on page 21, section 20 of the Betterment Client Agreement: www.betterment.com/customeragreement
Are there any withdrawal fees or penalties?
There are no transaction fees or limits to withdraw. If you withdraw 100% of your money invested with Betterment before the end of a calendar quarter, we'll only assess a prorated fee for the total days your money was managed by Betterment. We do not charge fees for accounts with a $0 balance.
Betterment will show you an estimated tax impact prior to confirming your withdrawal request. This is an estimate only, as actual taxes will vary based on your individual situation.
Why 4-5 business days?
When you withdraw from an investment account, the securities you hold must be sold before the cash can be sent to your bank. Betterment processes each request as quickly as possible, subject to market settlement and bank processing timelines. Between trade settlement and ACH processing, this typically means that most customers receive their requested funds in 4-5 business days.
Can I cancel a withdrawal?
Withdrawal requests made outside market hours may be cancelled prior to market opening via the Transfer page, under the "pending" section. Betterment does not guarantee specific execution timelines. Withdrawal requests generally trade the same day, if requested at least half an hour prior to market close. Otherwise, withdrawals are executed the following market day.
Other things to be aware of
- Withdrawals can be delayed due to recent or scheduled deposit activity, including auto-deposits.
- Changing your linked bank account after requesting a withdrawal can delay a withdrawal.
- The dollar value reflected in your withdrawal request may fluctuate with market volatility until the trades are executed.