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.
Please note that if you request a withdrawal to a bank account that is different from the account that originally deposited the funds into Wealthfront, for your security we may ask you for additional information before returning your funds. Additionally, requesting a withdrawal after making a recent deposit can result in a significant delay in returning your funds due to our anti-money laundering (AML) policy.
Nothing in this blog should be construed as tax advice, a solicitation or offer, or recommendation, to buy or sell any security. Financial advisory services are only provided to investors who become Wealthfront Inc. clients pursuant to a written agreement, which investors are urged to read carefully, that is available at www.wealthfront.com. All securities involve risk and may result in some loss. For more information please visit www.wealthfront.com or see our Full Disclosure. While the data Wealthfront uses from third parties is believed to be reliable, Wealthfront does not guarantee the accuracy of the information.