Why does Betterment need to verify my bank account?

To protect your account and prevent fraud, Betterment may need to verify your bank account ownership before processing withdrawals. This ensures that funds are sent to an account in your name.

If verification is required, you’ll receive an email titled "Action Required: Betterment Bank Account Verification" with instructions. Any withdrawal requests will remain pending until the verification process is completed.

Betterment requires all linked bank accounts to be in the name of the account holder. If you have any concerns or need help with verification, reply directly to the verification email for assistance.