Tiered Investing Reward Terms & Conditions

These terms (the “Terms”) provide you with important information about the Betterment Tiered Investing Reward 2025 (the “Betterment Investing Reward”) offered by Betterment LLC (“Betterment”). By participating in the Betterment Investing Reward, you understand and agree to these Terms.

1. Offer.

If you are a new Betterment client or an existing Betterment client with only a Cash Reserve or Checking account (together a “new Betterment investing client”, i.e. you do not have an existing Betterment account or you do not have an existing Betterment investing account), to qualify for [the Reward], you must fulfill the offer by clicking on the offer link in your email or on the signup link on the Betterment website by March 1, 2025, and (1) open an individual Betterment investing account (an “Eligible Account”, which may include a taxable investing account and traditional and Roth individual retirement accounts (“IRAs”)), and (2) complete a Qualified Deposit into the Eligible Account within 45 days of enrolling in the offer, inclusive of the required settlement time (typically 2-3 business days) (the “Offer Period”). This offer is only available to new Betterment investing clients who make a Qualified Deposit (as defined below) to an Eligible Account (as defined below) within the Offer Period. This offer is not available to active Betterment at Work 401(k) plan clients and Betterment Advised clients and is not available for joint and trust investing accounts.

A “Qualified Deposit” is a deposit of new funds to an Eligible Account, including rollovers and transfers of cash or investments from other external accounts, such as an external IRA or employer plan. Internal transfers from a Betterment Cash Reserve account or Betterment Checking account into an Eligible Account are not Qualified Deposits. If you successfully enroll and complete a Qualified Deposit into an Eligible Account, the Betterment Investing Reward will be delivered to your Eligible Account(s) on or around April 15, 2025 (the “Reward Date”).

If you make one or more Qualified Deposits, Betterment will provide a Betterment Investing Reward that varies based on the value of your net Qualified Deposits to all Eligible Accounts during the Offer Period, less any withdrawals you make from any Eligible Account prior to the Reward Date, and subject to a 3 year holding period as discussed below. The minimum net Qualified Deposits to receive a Betterment Investing Reward is $1,000, and the following table shows the total amount of the Betterment Investing Reward you are eligible to receive relative to the total net Qualified Deposits that you make across all Eligible Accounts.

*Reward amounts not cumulative.

For the purposes of determining your Betterment Investing Reward, your net Qualified Deposits will be rounded down to the nearest whole dollar. If you make Qualified Deposits to more than one Eligible Account, the amount of the Investing Reward delivered to each Eligible Account will be allocated by the relative percentage of net Qualified Deposits to each Eligible Account.

2. Limitations.

There are certain limitations on the Investing Reward that you should be aware of:

• A non-taxable fee will apply to the applicable Eligible Account as payment for services from Betterment if, for any reason, you transfer or distribute some or all of your net Qualified Deposits or Investing Reward to an account that is not an Eligible Account, including internal transfers to a Betterment joint or trust investing account or a Betterment Cash Reserve account, at any time prior to the end of three (3) years after the Reward Date (the “Holding Period” and such fee, the “Early Removal Fee”).
  
  • This means if you don’t make any additional deposits or transfers and have no market gains after the Reward Date and you withdraw from or transfer out funds during the Holding Period from your Eligible Account, an Early Removal Fee will be applied to the Eligible Account equal to the value of the Investing Reward received less the value of the Investing Reward applicable to the net Qualified Deposits remaining across all Eligible Accounts, up to the value of the Betterment Investing Reward.
    • For example, on an original Net Qualified Deposit of $8,000, you would receive an Investing Reward of $125. If you made a $2,000 withdrawal within the Holding Period, your remaining Net Qualified Deposit is $6,000, and the withdrawal is charged a $75 Early Removal Fee, which represents the difference between $125 (the Investing Reward you received) and $50 (the Investing Reward attributable to a $6,000 Net Qualified Deposit).
  • However, if your withdrawal or transfer out is equal to or less than net deposits made or market gains earned during the Holding Period, no Early Removal Fee will be applied to your Eligible Account. Alternatively, if your withdrawal exceeds any net deposits and market gains during the Holding Period, an Early Removal Fee will be applied to your Eligible Account.
  • If you make multiple withdrawals or transfers out of your Eligible Account during the Holding Period, each withdrawal may be subject to an Early Removal Fee, subject to the conditions described above.
  • The Early Removal Fee will be assessed with respect to all of your Eligible Accounts if you have multiple Eligible Accounts at Betterment. Any distributions from your Eligible Accounts will potentially implicate the Early Removal Fee, including distributions that may be required by law such as required minimum distributions.
  • In no event will the aggregate amount of the Early Removal Fee exceed the amount of the Betterment Investing Reward received.
    
    

• Transferring between Eligible Accounts prior to the end of the Holding Period will not result in an Early Removal Fee, but a minimum balance requirement will apply to the transferring Eligible Account in an amount equal to the value of the total Investing Reward received. Such transferred amount of Qualified Deposits will remain subject to these Terms and any Early Removal Fee applied in connection with the withdrawal of these funds during the Holding Period will be applied to the receiving Eligible Account.
• By agreeing to participate in the Betterment Investing Reward, if you elect to deposit into an individual retirement account, you, as a fiduciary to your individual retirement account, understand and agree that the Early Removal Fee is a reasonable fee for Betterment’s services to your Eligible Account.
• In the event that your Eligible Account is subject to an Early Removal Fee, you understand and acknowledge that Betterment will instruct Betterment Securities to sell securities in an amount that will generate cash proceeds to satisfy the Early Removal Fee.
  
  

3. Miscellaneous.

The Betterment Investing Reward is not a recommendation of any investment or investment strategy and is not a recommendation that a customer rollover or transfer assets into a Betterment investing account. By participating in the Betterment Investing Reward, you represent that neither Betterment nor any Betterment affiliate has made a recommendation that you invest in or open a Betterment investing account, or rollover or transfer assets to Betterment.

By offering the Betterment Investing Reward for Qualified Deposits to Betterment IRAs, Betterment does not intend to provide the benefit of deferred compensation or to create an employee pension benefit plan under ERISA. Betterment offers a separate employee benefit plan, which may include a separate employer matching contribution, through the Betterment 401(k) Plan.

Betterment processes and treats the Betterment Investing Reward as interest earned by the Eligible Account for tax reporting purposes. The interest amount is based on a percentage of deposits made into the Eligible Account. The interest earned by an Eligible Account that is an IRA will not be subject to, or impact, the maximum annual dollar contribution limit or the maximum annual deductible amount. Please note that the Betterment Investing Reward may be taxable income if you convert a Traditional IRA contribution to a Roth IRA and may be reflected on your tax forms as such. Betterment does not provide tax advice. Please consult a tax advisor.

This Betterment Investing Reward is not valid with other signup offers and is non-transferrable. The Betterment Investing Reward is available to U.S. residents only. Betterment reserves the right to terminate this offer at any time for any reason, to limit the Betterment Investing Reward you are eligible to receive, and to refuse or recover any Betterment Investing Reward amount if Betterment determines that it was obtained under wrongful or fraudulent circumstances, that any rules or regulations would be violated, or that any terms of the Betterment Account Agreements have been violated.

See Betterment's Form ADV Part II and the Betterment Investing Reward FAQs for additional information, including details on the deposit allocation methodology.