Can I send money to someone else through Betterment?

Betterment does not directly support peer-to-peer money transfers. However, you can use third-party platforms like Venmo or Cash App to send or receive funds from your Betterment Checking account (Individual or Joint).

Key Points to Know:

Betterment Checking Only: Peer-to-peer platforms are compatible only with funds in Betterment Checking accounts.
Other Accounts: Peer-to-peer transfers are not available for other account types, such as Cash Reserve or Investing. To transfer funds from these accounts, you must first withdraw them to a linked bank account in your name. Refer to our Transaction Timeline Table for processing times.

Instant Transfers

If you’d like to complete an instant transfer to someone, you can use a third-party app, such as Venmo or Cash App with your Betterment Checking account or Betterment Visa® Debit Card.

Betterment Checking Only: Peer-to-peer platforms are compatible only with funds in Betterment Checking accounts.
Other Accounts: Instant transfers are not available for other account types, such as Cash Reserve or Investing. To transfer funds from these accounts, you must first withdraw them to a linked bank account in your name. Refer to our Transaction Timeline Table for processing times.
Fees Assessed by Third-Party Apps: Instant transfer fees are determined by the platform you use and are typically deducted from the total amount transferred. Betterment does not charge or refund these fees.

Betterment is not affiliated with Venmo or Cash App. Any fees, terms, or conditions associated with these platforms are set by their respective providers.