Paper checks

How to use paper checks with Betterment Checking

Table of Contents

Physical Checks

How soon is my balance deducted?

Your account will likely reflect the deducted balance after one business day (of the payee depositing the check).

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Are there any minimums or limits?

There is no minimum or maximum amount to how much you can send via check, as well as no limits to the amount of checks you can write with Betterment Checking.

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There was an issue with the check I issued. What do I do?

If you experience any of the following issues, please contact our support team: If the wrong amount is processed. If the check is written by someone who is not authorized by you, the account owner.

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Can I cancel a check?

To cancel a check, simply email or call Betterment’s customer support team and we will confirm that your message has been received. Though we are unable to stop payment on checks that have already been processed, every effort will be made to stop your check. Depending on how soon you request a cancellation of your check, it may still post.

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How do I write a check?

First, write the name of the person or business you’re paying on the “Pay to the order of” line. Then, write today’s date on the “Date” line. Spell out the amount of the check on the line right below the “Pay to the order of” line, and then write the amount of the check in numbers in the little box with a dollar sign. Example: One hundred dollars and zero cents; $100.00 Finally, sign the front of the check. If necessary, you can add an optional note for the person or business you’re paying in ...

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Does Betterment charge a fee for check processing?

Betterment does not charge any fees for processing your check.

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Can I use a check to pay my bills?

You can use checks as another way to pay your bills. For instructions on how to correctly write a check, refer to “How do I write a check?”

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What if I don’t have enough funds to cover the amount of the check when it is cashed?

If you don’t have enough funds in your Checking account to cover the total amount of your check, then the check will not be cashed. However, the vendor is responsible for reversing the transaction. Ultimately, the transaction won’t be able to be completed, and you won’t be charged any fees by Betterment.

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