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How does the micro-deposit (bank linking) process work?

If your bank does not support electronic login verification, we have to verify the account information via a "micro deposit" process.

The micro deposits are two small test deposits sent to your bank account to verify that we have the correct bank account information for you. The micro deposits usually arrive in a business day or two (you can see them in your bank account's transaction history). 

You can then log back into Wealthfront and enter these amounts to set up your ACH relationship. To enter the amounts, simply go to your "settings" tab and look under "investment accounts". See below for a screenshot of where to confirm the two deposits:

 

Please note that any small deposits sent to your bank account for verification purposes will be withdrawn from that bank account within 10 business days, and may be withdrawn in two separate withdrawals or combined into a single small withdrawal amount.

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.

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