Wealthfront: A New Way to Bank

About Wealthfront: A New Way to Bank

Wealthfront is designed to earn you more.
We use technology to optimize your finances and take the work out of banking, investing, borrowing and planning.

Upgrade your banking.
With a Wealthfront Cash Account, you earn 0.35% APY on your everyday cash and enjoy checking features.
- Get paid up to two days earlier with direct deposit
- Use your account and routing numbers to pay your credit card, rent, or mortgage bills
- Access 19,000 of fee-free ATMs with our debit card.
All while enjoying $1 million FDIC insurance through our partner banks, no account fees, and unlimited free transfers.

Automate your Investments at a low cost.
Put your long-term savings to work. Through our software-only approach, we invest your money in a globally diversified portfolio of low-cost index funds, and our tax-loss harvesting strategies help lower the taxes you pay.

Keep a single view for your finances.
We’ve made planning easy and free. Link your financial accounts once, and we’ll calculate your current net worth and project what you’ll have in the future, making updates automatically as your finances change.

Borrow quickly & easily at a low rate
Portfolio Line of Credit is the fast, easy and convenient way to access cash. No application, no credit check, and you get the cash you need without selling investments and disrupting your strategy.

Limits, fees, and exclusions apply. Checking features for the Cash Account are subject to identity verification by Green Dot Bank. Debit Card is optional and must be requested. Please see the Deposit Account Agreement for details.

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 for FDIC coverage of up to $1 million on your cash deposits. Customers are responsible for monitoring assets at each of the program banks to determine available FDIC insurance coverage in accordance with FDIC rules. The deposits at program banks are not covered by SIPC.

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.

Portfolio Line of Credit is a margin lending product offered exclusively to clients of Wealthfront Advisers by Wealthfront Brokerage LLC. You should consider the risks and benefits specific to margin when evaluating your options. Learn more about these risks in the Margin Handbook.

Nothing in this communication should be construed as tax advice, a solicitation or offer, or recommendation, to buy/sell any security. Any links provided to other sites are for convenience and don’t imply that Wealthfront Advisers or its affiliates endorses, sponsors, promotes and/or is affiliated with participants in those sites, or endorses any information on those sites, unless expressly stated otherwise.

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

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