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How do I deposit into my Betterment Checking account?

Published | Updated

Betterment offers several ways to fund your Checking account, including transfers from a linked bank account, ACH transfers initiated from your bank, direct deposit, and mobile check deposit.


Funding Options for Checking

1. Transfer From a Linked Bank Account

Easily move funds from a bank account already connected to Betterment. If you don’t have a linked bank yet, you’ll be guided to connect one during the process.

  • Using Mobile App:
    1. Visit your Home page.
    2. Tap Move Money.
    3. Select Deposit.
  • Using Web Browser:
    1. Log in to your Betterment account.
    2. Click Deposit in the upper right-hand corner of your Home page.

2. Initiate an ACH Transfer From Your Bank

Use your Betterment Checking routing and account numbers to transfer funds from your bank’s website or app:

  1. Log in to your external bank account.
  2. Select the option to transfer funds to an external account.
  3. Enter your Betterment Checking routing and account numbers.

Need help? Here’s how to find your Betterment Checking routing and account numbers.

3. Set Up Direct Deposit for Your Paycheck

Deposit your paycheck directly into Betterment Checking:

  1. Use your employer’s direct deposit form or Betterment’s pre-filled direct deposit form. 
    • To access Betterment’s form: Log in to your Betterment account on a web browser, select Checking, and click Set up direct deposit.
  2. Provide your Betterment Checking routing and account numbers.
  3. Confirm with your HR department when the direct deposit will begin.

4. Deposit Paper Checks via Mobile App

Deposit paper checks into Checking using Mobile Check Deposit:

  1. Open the Betterment mobile app.
  2. Tap Deposit and select Checking then Deposit a check.
  3. Enter the check amount and upload photos of the front and back.
  4. Write “For mobile deposit only” on the back of the check.
  5. Submit your check and wait for confirmation.

Note: If Mobile Check Deposit is unavailable, visit: Why can’t I see the mobile check deposit feature in the app?

 

 

Unavailable Funding Options for Betterment Checking

Currently, Betterment does not support the following for Checking deposits:

  • Wire transfers
  • Depositing cash through ATMs
  • Depositing paper checks through ATMs