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Cancel a transfer to or from the Cash Account

Cancel transfers scheduled through Wealthfront

If you schedule a one-time transfer through our website or app, you usually have a small window of time — minutes or hours — to cancel it. This window of time varies depending on if you initiate the transfer during business hours.

If you schedule a recurring transfer through our website or app, you can usually cancel the entire series at least 1 business day before the next transfer in the series is initiated.

You can cancel a pending transfer on our website or our app for iOS or Android.

On web:

  1. Navigate to your Cash Account
  2. Look for Upcoming transfers on the right
  3. Select Cancel

On iOS:

  1. Navigate to your Cash Account
  2. Tap Upcoming transfers
  3. Tap Edit in the right hand corner. Then tap the red icon, followed by Delete.

On Android:

  1. Navigate to your Cash Account
  2. Tap Upcoming transfers
  3. To the right of the listed transfer, tap the overflow menu, then tap Cancel

If you don’t see Upcoming transfers or the option to edit or cancel, the transfer is already in progress and can’t be canceled.

Cancel transfers or payments scheduled outside of Wealthfront

If you scheduled a transfer with an external institution, please go to that account and cancel your transfer there.

This also applies to direct deposits from your employer and with payments scheduled with apps like Cash App, Venmo, or PayPal.

 

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The national average interest rate is based on FDIC.gov, as of June 1, 2020. National rates are calculated based on a simple average of rates paid (uses annual percentage yield) by all insured depository institutions and branches for which data are available. Savings and interest checking account rates are based on the $2,500 product tier.

The Wealthfront Cash Account Annual Percentage Yield (APY) is as of June 1, 2020. The APY may change at any time, before or after the Cash Account is opened. The APY for the Wealthfront Cash Account represents the weighted average of the APY on the aggregate deposit balances of all clients at the program banks. Deposit balances are not allocated equally among the participating program banks.

Cash Account is offered by Wealthfront Brokerage LLC (“Wealthfront Brokerage”), a member of FINRA/SIPC. Neither Wealthfront Brokerage nor any of its affiliates are a bank, and Cash Account is not a checking or savings account. We convey funds to institutions accepting and maintaining deposits. Investment management and advisory services are provided by Wealthfront Advisers LLC (“Wealthfront Advisers”), an SEC registered investment adviser, and financial planning tools are provided by Wealthfront Software LLC (“Wealthfront”).

The cash balance in the Cash Account is swept to one or more banks (the “program banks”) where it earns a variable rate of interest and is eligible for FDIC insurance. FDIC insurance is not provided until the funds arrive at the program banks. FDIC insurance coverage is limited to $250,000 per qualified customer account per banking institution. Wealthfront uses more than one program bank to ensure FDIC coverage of up to $1 million for your cash deposits. For more information on FDIC insurance coverage, please visit www.FDIC.gov. Customers are responsible for monitoring their total assets at each of the program banks to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. The deposits at program banks are not covered by SIPC.

Nothing in this communication should be construed as tax advice, a solicitation or offer, or recommendation, to buy or sell any security. Any links provided to other server sites are offered as a matter of convenience and are not intended to imply that Wealthfront Advisers or its affiliates endorses, sponsors, promotes and/or is affiliated with the owners of or participants in those sites, or endorses any information contained on those sites, unless expressly stated otherwise.

Wealthfront, Wealthfront Advisers and Wealthfront Brokerage are wholly owned subsidiaries of Wealthfront Corporation.

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