The timing of a withdrawal depends on several factors including what time of day the withdrawal request is made and the institution receiving your funds, but most withdrawals take 3 or 4 business days before the requested funds are back in your bank account.
When you request a withdrawal from your taxable Wealthfront account, we will send you an email within one business day to verify that the request is valid. Once you verify your withdrawal request, we will place the trades to raise the required cash in your account. All trades then take 2 business days after trade date to settle (this applies to all brokerage firms, not just Wealthfront). Upon trade settlement, we will then return your funds via your electronic ACH link to your bank account, which usually takes another 1-2 business days, but can take a day or two longer depending on where the funds are being sent.
It may take longer if, for example, you recently made a deposit or if you are withdrawing to a different bank account than the one used for initial funding.
Note: To satisfy anti-money laundering regulations, there is a 5 business day hold on all new deposits before your funds can be transferred out of your account.
Wealthfront prepared this article for informational purposes and not as an offer, recommendation, or solicitation to buy or sell any security. Wealthfront and its affiliates may rely on information from various sources we believe to be reliable (including clients and other third parties), but cannot guarantee its accuracy or completeness. See our Full Disclosure for more important information.
Wealthfront and its affiliates do not provide tax advice and investors are encouraged to consult with their personal tax advisor. Financial advisory and planning services are only provided to investors who become clients by way of a written agreement. All investing involves risk, including the possible loss of money you invest. Past performance does not guarantee future performance.