Key Features:

• Purpose:

  • Designed for everyday spending and managing your finances.

  • Offers features similar to a traditional checking account but with a focus on digital access and efficiency.

• Debit Card:

  • Betterment Checking typically includes a Visa® debit card for purchases and ATM withdrawals.

• Fee-Free:

  • A key selling point is that Betterment Checking often comes with no monthly maintenance fees and no overdraft fees.

• ATM Access:

  • Betterment Checking may offer ATM fee reimbursement, allowing you to withdraw cash at ATMs without incurring charges (within certain limits).

• Mobile Check Deposit:

  • You can usually deposit checks using your smartphone through the Betterment mobile app.

• Integration with Betterment:

  • Betterment Checking is integrated with the Betterment platform, making it easy to transfer money between your checking, savings (Cash Reserve), and investment accounts.

How Betterment Checking Works:

1. Opening an Account: You open a Betterment Checking account through the Betterment platform.

2. Depositing Funds: You can deposit funds into your account through various methods, including:

   • ACH transfers from a linked bank account

   • Mobile check deposit

   • Direct deposit

3. Spending and Payments: You can use your debit card to make purchases, withdraw cash from ATMs, and pay bills.

4. Online and Mobile Access: You manage your account online or through the Betterment mobile app.

5. Transfers: You can easily transfer money between your Betterment Checking account and other Betterment accounts (Cash Reserve, investing goals).

Important Considerations:

• Eligibility: There might be certain eligibility requirements to open a Betterment Checking account.

• Transfer Limits: Be aware of any limits on the amount of money you can transfer in or out of your account.

• Processing Times: Understand the processing times for deposits and withdrawals, as they can vary depending on the method used.

Most Common Checking Macros

• Cash :: Checking :: Navigation :: Open Checking
  Use: To address inquiries about opening an individual Betterment Checking account.

• Cash :: Checking :: Navigation :: Open Joint Checking
  Use: To address inquiries about opening a Joint Betterment Checking account.

• Cash :: Checking :: Feature request :: Bill pay
  Use: When a customer inquires about bill pay services for Betterment Checking.

• Cash :: Checking :: General information :: Checking overview
  Use: To provide an overview or general information about Betterment Checking accounts.

• Cash :: Checking :: General information :: Checking deposit limits
  Use: To address inquiries about Betterment Checking accounts deposit timelines.

• Cash :: Checking :: General information :: Checking fees
  Use: To address inquiries about Betterment Checking account fees.

• Cash :: Checking :: General information :: Daily debit card limits
  Use: To address inquiries about Betterment Debit cards daily spending limits.

• Cash :: Checking :: General information :: FDIC insurance
  Use: To address inquiries about FDIC insurance for Betterment checking accounts.

• Cash :: Checking :: General information :: Foreign ATM and debit card transactions
  Use: To address inquiries about foreign ATM and debit card transactions with Betterment Checking.

• Cash :: Checking :: General information :: Multiple Checking accounts
  Use: To address inquiries about having multiple Betterment Checking accounts.

• Cash :: Checking :: General information :: Multiple debit cards
  Use: To address inquiries about having multiple Betterment Debit cards.

• Cash :: Checking :: General information :: Return processing timeline
  Use: To address inquiries about returned transactions using a Betterment checking account or debit card.