Menu

Updated

Understanding Wealthfront fees

The fees we charge depend on which accounts and features you use. 

Investment Account fees

Fees for Automated Investing Accounts

We charge an annual advisory fee of 0.25% on all assets held within our Automated Investing Accounts. This fee is deducted monthly.* Wealthfront does not charge any account-opening fees, withdrawal or account-closing fees, trading/commission fees, or account transfer fees.

Example Advisory Fee Calculation for Automated Investing Accounts

An Automated Investing Account with an average monthly balance of $100K will have a monthly advisory fee of $20.55. Assuming 30 days in the month and 365 days in the year, the math is as follows: $100,000 * 0.0025 * (30/365) = $20.55.

The only other fee you incur is the expense ratio embedded in the ETFs and mutual funds you will own. The one expense ratio Wealthfront earns is the 0.25% we charge for the Wealthfront Risk Parity Mutual Fund, which can represent up to 20% of your portfolio. Wealthfront 529 account fees are slightly different. You can view our 529 fee details here.  

*If you signed up prior to April 1, 2018, you will receive your first $10,000 of assets in Automated Investing Accounts managed for free. For an account with an average monthly balance of $100,000, your monthly advisory fee is $18.49 ($90,000 * .0025 * (30/365)).

Fees for Stock Investing Accounts

Wealthfront does not charge clients any fees, including account fees or commissions, for Stock Investing Accounts. Nor does Wealthfront accept Payment for Order Flow (PFOF).

Debit card fees

If you ordered a debit card to use with your Cash Account, you may be charged fees when using it. These fees are determined by Green Dot bank, member FDIC, which we partner with to provide checking features. Here’s a complete list: 

Fee Amount
In-network ATM Free
Out-of-network ATM $2.50 + ATM owner fee (varies)
Bank teller $2.50 + teller fee (varies)
International transaction fee 2.75%
Cash deposits at select retailers Up to $5.95

For descriptions of each of these fees, please see below, or check out the Deposit Account Agreement. 

Do you reimburse out-of-network ATM fees?

Unfortunately, no. We don’t reimburse out-of-network ATM fees.

As a side note, we don’t make money off these fees. They’re determined by Green Dot, a bank we partner with to provide checking features. 

How do I find no-fee ATMs?

You can use the ATM Finder on our website, or in-app from your Cash Account dashboard and profile page. All ATMs that show up on this tool are free to use. Learn more about no-fee ATMs.

Out-of-network ATM and bank teller fees

If you get cash from an out-of-network ATM or any bank branch, you’ll pay fees. You’ll be charged an ATM owner or a teller fee at the time of the withdrawal. The $2.50 fee will show up as a separate transaction.

To avoid these fees, please use a no-fee ATM. 

International transaction fees

If the merchant or ATM is located outside the U.S., you’ll pay an international transaction fee of 2.75%. This happens even if the international purchase or ATM withdrawal is in U.S. dollars, or if you make the international purchase remotely from the U.S.

Cash deposits at select retailers

At select retailers, you can use your debit card to deposit cash up to $3,000 per day. Ask your retailer if they accept cash loads — if they do, you’ll pay a fee of up to $5.95.

Wire transfer charge

Wire transfers are free to send!

The receiving institution may charge a fee to receive a wire. Contact your receiving institution to determine if an incoming wire fee will apply. 

Was this article helpful?