Yes, you can withdraw your money from Betterment at any time. We do not charge you any trading fees nor penalties for making withdrawals or closing accounts. It’s your money, and is always accessible to you.

Withdrawals generally take about 4-5 business days to process. However, if you have recently made a deposit, your withdrawal may be delayed due to the recent deposit needing to fully settle first.

Betterment does not guarantee specific execution timelines. Deposits generally trade the same day if requested at least a half an hour prior to market close. Otherwise, withdrawals will be executed the following business day. We avoid trading on or around market open or close, as markets have historically been more volatile during this time. The dollar value reflected in your withdrawal request may fluctuate with market volatility until the trades are executed.

When you withdraw, shares in your account are sold and this may have tax consequences. Betterment will always sell your shares in a way that minimizes taxes for you. We’ll sell shares that have lost value first (short-term losses, then long-term losses), and then we’ll sell shares that have gained value (long-term gains, then short-term gains).

Tax Impact Preview allows you to see an estimate of the taxes you may owe before you make a withdrawal.