No, you are not. Betterment’s fee is and is prorated across the year based on the average daily balance in your account, and a portion of this is charged quarterly (every 3 months). So if you withdraw money from your account, your average daily balance will decrease and your fee for the quarter will reduce accordingly. If you withdraw your entire balance before the end of the quarter we will simply charge the prorated fee at that time.

We do not have fees for accounts with a $0 balance, so you can still keep your account open without penalty.