ACATS Transfers

Betterment can electronically transfer many types of assets, including ETFs, cash, mutual funds, and individual stocks, as long as they are held in an ACATS-eligible account. To determine if your account qualifies for an ACATS transfer, we check if it meets the following criteria: Account Requirements: Held by a provider that supports ACATS transfers. Classified as an ACAT-eligible brokerage account by your current provider. Please note that legacy mutual fund accounts, annuities, and ...

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 ...

Betterment uses the Automated Customer Account Transfer Service (ACATS) to electronically transfer your assets and cash when possible. ACATS transfers are typically faster and more convenient than other types of transfers. Here's How the ACATS Transfer Process Works: 1. Notifying Your Current Provider: We notify your current provider about the accounts you want to transfer. You don’t need to worry about paperwork—usually, we handle everything. You can request a full or partial transfer. See ...

If you want to transfer your assets to another provider, Betterment supports the Automated Customer Account Transfer Service (ACATS) for stock, bond taxable accounts, and IRAs. Follow the steps below to transfer your funds. Account Types Not Eligible for ACATS Transfers: ● 401(k) Accounts: For details on how to transfer your 401(k), visit the “Moving Money Out” section of our 401(k) Participant FAQs. ● Crypto Accounts: Crypto cannot be transferred via ACATS. To withdraw funds, see this resource ...

If your new provider cannot complete your ACATS (Automated Customer Account Transfer Service) request, or ACATS is unavailable, follow the instructions below depending on the type of account you're transferring. Betterment Securities charges a flat fee of $75 for each investing account transferred to another company. Transferring a Taxable (Non-IRA) Account to Another Provider: If your taxable (non-IRA) account is not eligible for an ACATS transfer, we use the DTC method, which supports full, ...

When you transfer your account from Betterment, account management fees are still assessed based on your account balance. Below are the details for how fees are handled in both full and partial transfers. Full In-Kind Account Transfer: ● Residual Fractional Shares: After a full in-kind transfer, you may still have fractional shares in your Betterment account, since the ACATS system only transfers whole shares. ● Liquidation of Fractional Shares: Shortly after the full transfer, Betterment will ...

Follow these simple steps to begin your paperless ACATS transfer process to Betterment: 1. Connect Your Account To start, make sure you have a connected account: ● Instant Connection: Log in to your Betterment account on a web browser. ● Scroll to the Connected Accounts section. ● Click on Connect accounts to link a new account. 2. Check Eligibility and Start the Transfer ● Select Transfers from your menu bar. ● Go to Rollover to Betterment. For Individual Taxable Accounts: ● If your account is ...

To start a manual ACATS transfer to Betterment, follow these steps: 1. Contact a Transfer Specialist Email transfers@betterment.com to connect with a transfer specialist and begin the process. 2. Upload Your Account Statement You will be asked to securely upload the most recent statement from your current account. Once reviewed, a transfer specialist will provide personalized guidance for completing your transfer. 3. Assistance for Larger Transfers If you are transferring an account valued at ...

Yes, you can transfer an account that’s been part of a Tax-Coordinated Portfolio (TCP). However, doing so may trigger rebalancing within the TCP to maintain your set stock/bond allocation. If you have a taxable account in the portfolio, this rebalancing could lead to a taxable event. What Happens When You Transfer Out a Tax-Coordinated IRA: ● If your Tax-Coordinated goal includes both an IRA and a taxable account, transferring out the IRA could cause rebalancing in the taxable account. This ...

When switching your accounts to Betterment, it’s important to understand the potential tax implications, particularly for taxable accounts. Here’s a breakdown of what you should know: IRA Accounts: No Taxes or Penalties: Transferring your IRA to Betterment is done through a direct trustee-to-trustee transfer, which means there are generally no taxes or penalties involved. Investment Process: Once your IRA assets are transferred, Betterment will sell any in-kind investments and use the cash ...