How to Delete Betterment Account Step by Step Guide

How to Delete Betterment Account Step by Step Guide

 

Introduction

Betterment is a financial advisory company located in America. It provides cash management and Robo-advising services for people. Betterment protects all your assets and investments under your ownership, so you have to worry about security management. Since Betterment is used for managing financial portfolios strictly, it can irrelevant if you no longer need those services.

If you have been to a haunt to find how to delete a Betterment account? Then you have come to the right place as we understand your struggle and are here to help you save time and energy. Through our easy-to-follow step-by-step guide, you will know how to delete a Betterment account.

Follow the steps down below to get started.

 

How to Delete Betterment Account Step by Step Guide?

Before you go on to deactivate your account it is important to note that you will have to sell your shares before shutting down your account as transferring them can cost you. You have the option to close your Betterment account for free and even if you are doing so at the end of the quarter it will cost you less than expected.

Remember to sell your holdings and get your cash balance out before as you won’t be able to recover them afterward once the process is complete because all the records will be wiped away, so claiming the shares or the amount in cash will be difficult. 

 

  1. Go to the browser on https://www.betterment.com/ to Sign in to your account.
  2. Navigate your way to the Settings.
  3. Then go to Accounts to find the option of deleting the account.
  4. Over there specific why do you wish to close your account

 

betterment-

 

 After that provide all the necessary details need to process your request.

 

Tip: We want you to know that Betterment closes your account, but doesn’t delete it permanently for customer track records.


How to Cancel Betterment Account Subscription?

If you wish to cancel your betterment account subscription on PayPal, then follow the steps down below to get started. There are two ways to cancel a subscription one is through Paypal and the other is through the website in case you have subscribed directly.

 

Method 1

Cancel Subscription through Paypal

  1. Log in to your Paypal account.
  2. Navigate your way to the account settings.
  3. Go to ‘Manage Automatic Payments’ under Payments. 
  4. In the merchants’ agreement tap on ‘Money Management.’
  5. Then got to ‘Cancel Automatic Payments’ and tap on it to unsubscribe.

 

Method 2

Cancel Subscription through Website

  1. Log in to your account on betterment. 
  2. In the account settings, go to ‘Money Management’
  3. Read through the contact over there to know how to unsubscribe through the app if the company developed one or contact the customer support through the given number (718) 400-6898  or email address (support@betterment.com)

 

How to Deactivate Betterment Account through Email?

If you wish to know another way to shut down your account in case of the process through the phone takes too long then you can proceed through email, but beware this might take just as much time as the other processor might even more considering the situation. But don’t worry and hold on to your patience as we will walk you through how to delete the Betterment account through email.

  1. Sign in to your email account.
  2. Write ‘Request to Delete Account’ in the subject line.
  3. Compose a structured email stating why do you wish to delete your account and your issue with it as well.
  4. Ask the customer service to remove your personal information along with your account from their database.

 

betterment-



Then send your email out to this address support@betterment.com.

 

How to Remove Betterment Account through Phone?

You do have the option to remove your account by contacting the customer service representative of Betterment on the phone to know how to delete the Betterment account, but do keep in mind this might take longer as this isn’t the direct way.

 

  1. Get in touch with customer service at (718) 400-6898.
  2. Let them know that you want to close your account.
  3. The customer service representative will guide you accordingly.

 

Tip: Once your request has been processed, you will receive a call or message and a confirmation email saying your account has been deleted.

 

How to Cancel Joint Account on Betterment?

This process is quite similar to the deletion process; all you have to do transfer the funds to the individual account if you have one or get in touch with the customer service at support@betterment.com to get guidance.

Then move to follow the directions mentioned above under how to delete the betterment account to close your joint account.

 

Remember

Considering the circumstance, we want you to know that we understand your situation and are here to help you through the process. For your assistance and ease of access, we have provided a step by step guide with tips and visual references that will direct you on how to delete a betterment account. The process is written down while keeping in mind your pace and level of understanding, so you won’t have any trouble getting through the steps. We have stated all the relevant information related to the process above, but if you feel require more information than mentioned, then go through our FAQS or feel free to leave a comment down below.

 

About the Company

Betterment is an American company that provides financial advisors to companies for Robo and cash management. It was founded by Jon Stein and Eli Broverman back in 2008. The company offers financial services, asset management, portfolio management, and trust services.

Betterment is located in NY and is registered under the Securities and Exchange Commission. It is a member of the Financial Industry Regulatory Authority.

The company is focused on investing which is why it is a registered under-investment advisor and broker-dealer. This allows the company to manage the passive index-tracking equity and fixed income exchange-traded funds.

 

FAQS

1. What is the return percent on Betterment?

It has an under 8.8 percent annual investment return with wealth front at 7.76 percent and tax advantage at 8.52 percent.

2. Can we lose money on Betterment?

No, because the money you have invested is protected by Securities Investor Protection Corporation (SIPC) and it doesn’t mean you will lose money if the market tanks.

3. How to cancel a betterment account subscription on android?

In the google play store, go to account settings. Under subscription, go to Money Management to tap on Cancel Subscription.

4. Who does the clear-through for Betterment?

They have a list of clearer but at the very top is Apex clearing which doesn’t have a self-cleaning service.

5. How to close a Betterment account?

Go to account settings and find the close account option and click on it.

6. Can Betterment invest automatically?

Considering it is an online investment service it does that and chose a low exchange trade fund to achieve a personal goal.

7. Can we get individual stocks?

No, you can’t because it is a globally diverse company that is made up of low-cost trade funds to get the needed profits through different strategies.

8. How to cancel a betterment account subscription on an iOS device?

In the app settings, go iTunes and App store and log into your Apple ID. Then go to ‘Subscription’ to cancel it.

9. How long does an investment take on Betterment?

It can take up to 1 to 2 days at most for the money to be moved to the Betterment account.

10. Can I trust Betterment and link my bank account with it?

Betterment doesn’t store user information, so linking your bank account will create a more secure connection for you to manage your financial activities through a data partner, Quovo.

What other's say about : How ThePhone thriller..


Leave a Comment