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Close your Cash Account

We’re sorry to see you go. If we’ve fallen short, let us know how we can make things right. To close your Cash Account:

  1. Log into your account on our website or app
  2. Select your Cash Account by clicking or tapping on it on your home dashboard
  3. Select Manage on the top right
  4. Scroll to the bottom and select Start account closure
  5. Follow the subsequent prompts

 

Are there any related fees?

No - there are no fees for closing your Cash Account or  maintaining a $0 balance.Can I withdraw the entire balance and still keep my account open?

Yes - you can. You can maintain your Cash Account with a $0 balance if you'd like and use it again at some point in the future, we'd be happy to have you back!

Once I close my account, where can I find my tax documents and statements?

Once your account is closed, you can still access any tax documents or statements online on your Documents page.

How does closing my account impact my direct deposit and/or other transfers?

Once you submit a request to close your account it cannot be used for purchases, direct deposit, or automatic bill pay. Because of this, we recommend going to your company’s payroll or biller’s portal and switching to a different payment method if needed before submitting your request. We’ll also cancel any recurring transfers to or from your account that have been set up on our website or app directly. 

Can I cancel my account closure request, or reopen an account that's been closed?

No, all account closure requests are final once submitted. 

Will closing my Cash Account affect my other Wealthfront accounts?


No - we will only close the Cash Account that you’ve  asked us to close. Any other accounts with Wealthfront will remain open.

Why can't I close my Cash Account online?

If you are unable to submit a cash account closure request online, please see here.

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The Cash Account is offered by Wealthfront Brokerage LLC ("Wealthfront Brokerage"), Member of FINRA/SIPC. Neither Wealthfront Brokerage nor any of its affiliates are a bank, and the Cash Account itself is not a deposit account.

Wealthfront Brokerage has partnered with Green Dot Bank to offer certain checking features including The Wealthfront Visa® Debit Card, send a check, and mobile check deposits to Wealthfront Cash Accounts. The Wealthfront Visa® Debit Card is issued by Green Dot Bank, Member FDIC, pursuant to a license from Visa USA. Inc. Visa is a registered trademark of Visa International Service Association. Green Dot Bank also offers certain Wealthfront Cash Accounts account & routing numbers which support additional checking features including bill pay, direct deposits, and payments through third-party sites. The checking features provided by Green Dot Bank for Wealthfront Cash Accounts are subject to identity verification by Green Dot Bank and the Wealthfront Visa® Debit Card is optional and must be requested. Green Dot Bank operates under the following registered trade names: GO2bank, GoBank and Bonneville Bank. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage. Wealthfront brokerage and advisory services are not affiliated with Green Dot Bank.

Wealthfront Brokerage has established a relationship with UMB Bank, National Association (“UMB Bank”), Member FDIC, which may allow certain Wealthfront Cash Accounts to opt-in to a limited-purpose account number and UMB Bank routing and transit number which will enable certain withdrawals and deposits into Wealthfront Cash Accounts including bill pay, direct deposits, and payments through third-party sites through the Automated Clearing House network. Wealthfront brokerage and advisory services are not affiliated with UMB Bank.

The information contained in this communication is provided for general informational purposes only, and should not be construed as investment or tax advice. Nothing in this communication should be construed as a solicitation or offer, or recommendation, to buy or sell any security.

Wealthfront Brokerage is a wholly-owned subsidiary of Wealthfront Corporation.

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