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How to Manage Auto-Deposits: Set Up, Adjust, Skip, or Cancel

Published | Updated

How can I manage my auto-deposit?

You can easily turn on, turn off, adjust, or skip your auto-deposit settings directly from your Betterment account.


Key Information About Auto-Deposits

  • Initiation Date: Auto-deposits are initiated on the date you set, and funds are generally invested on the next market day.
  • Notification: Betterment will email you the day before a scheduled auto-deposit with an option to adjust or skip it.


How to Manage Your Auto-Deposit

How to Turn On an Auto-Deposit

  • Using the Mobile App:
    1. Visit your Home page.
    2. Tap Move Money.
    3. Tap Deposit.
    4. When entering deposit details, you can choose a frequency: one-time, monthly, twice a month, every other week, or weekly. For recurring deposits, you can also select the exact date(s).
  • Using a Web Browser:
    1. Log in to your Betterment account.
    2. Click Deposit in the upper right-hand corner of your Home page.
    3. When entering deposit details, you can choose a frequency: one-time, monthly, twice a month, every other week, or weekly. For recurring deposits, you can also select the exact date(s).

How to Edit an Existing Auto-Deposit

  1. Log in to Betterment on a web browser. Note that this action cannot be completed in the mobile app.
  2. Select Transfers from the lefthand menu. 
  3. Navigate to the Pending Transfers tab. Here you will see an overview of your existing auto-deposit(s).
  4. Click Edit to modify the frequency and/or amount, and save your changes.

Please note that if you need to edit your funding bank account for an auto-deposit, you must do so 3 business days before your auto-deposit is scheduled for it to be pulled from the updated funding account.

How to Turn Off an Auto-Deposit

  1. Log in to Betterment on a web browser. Note that this action cannot be completed in the mobile app.
  2. Select Transfers from the lefthand menu. 
  3. Navigate to the Pending Transfers tab. Here you will see an overview of your existing auto-deposit(s).
  4. Select Turn off and confirm your choice.

Important:

  • If there’s a pending auto-deposit scheduled within the next 24 hours, you must turn off the auto-deposit by 4 PM EST to cancel it automatically.
  • If you turn off the auto-deposit after 4 PM EST, you’ll need to skip any pending deposits separately. Please refer to the next section “How to Skip an Upcoming Auto-Deposit” for more details.

How to Skip an Upcoming Auto-Deposit

  1. Open the email notification you receive the day before a scheduled auto-deposit.
  2. Click the Skip Deposit option provided in the email.

Auto-Deposits For 401(k) Contributions

If you want to edit your 401(k) contribution rate, visit our 401(k) deposit FAQ.