ACATS transfers generally occur between corresponding account types. For example, you can transfer an individual taxable account to another individual taxable account but not to a Roth IRA.
Ineligible Betterment Account Types for ACATS Transfers:
Some Betterment account types cannot be transferred to another provider via ACATS. These include:
Cash Reserve or Cash Goals:
- Cash Reserve accounts are part of the same legal account as your investment accounts. If you initiate a full legal account transfer, Betterment will only transfer shares to the receiving firm. To transfer any cash held in your taxable account, log in to your Betterment account, go to Transfer or Rollover > Withdraw, and move the cash to your linked bank account.
401(k) Accounts:
- If you need to transfer your Betterment 401(k), please refer to the “Moving money out” section of our 401(k) Participant FAQs.
Crypto Accounts:
- Crypto accounts cannot be transferred via ACATS. To withdraw funds from your crypto account, transfer them to your connected bank account. See this resource for detailed instructions.
Check with Your New Provider:
Some account types may not be supported by your new provider, even if they are eligible for ACATS at Betterment. We recommend contacting them to confirm their transfer policies.
For more information on transferring your funds to another provider, visit our FAQ.
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