{"id":16938,"date":"2024-03-26T08:21:42","date_gmt":"2024-03-26T15:21:42","guid":{"rendered":"https:\/\/www.wealthfront.com/blog\/?p=16938"},"modified":"2024-11-11T13:55:47","modified_gmt":"2024-11-11T21:55:47","slug":"introducing-same-day-withdrawals","status":"publish","type":"post","link":"https:\/\/www.wealthfront.com/blog\/introducing-same-day-withdrawals\/","title":{"rendered":"Introducing Free Same-Day Withdrawals from the Wealthfront Cash Account"},"content":{"rendered":"\n

Note: As of May 2024, Wealthfront no longer charges a fee to send wires. The article has been updated to reflect this.<\/em><\/em><\/p>\n\n\n\n

Earn an industry-leading APY and access your cash quickly and easily, any day of the year. Open a Cash Account<\/a><\/div><\/div><\/p>\n\n\n\n

Today, we\u2019re excited to announce you can make free same-day withdrawals from your Wealthfront Cash Account every day, including holidays and weekends.<\/strong> That means you can earn a high APY on all of your cash without leaving a buffer in external accounts for last-minute purchases. As long as you initiate the withdrawal to an eligible<\/a> external account by 6pm PT\/9pm ET, your money will arrive the same day\u2014even on weekends and holidays. You can track your transfer\u2019s progress in real time in the Wealthfront app. <\/p>\n\n\n\n

We built our Cash Account to be an ideal home for your short-term cash until you\u2019re ready to invest. That\u2019s why we offer a high APY of 3.55% and up to $8 million of FDIC insurance through our partner banks with no account fees. Free same-day withdrawals are just one of the many ways you can access your money at Wealthfront, including unlimited transfers, bill pay, a debit\/ATM card with 19,000+ free ATMs and two out-of-network ATM fee reimbursements per month, compatibility with apps like Venmo & Apple Pay, the ability to send checks for free, and send wire transfers for free (receiving institutions may charge a fee). We\u2019re delighted to offer same-day withdrawals to give you a faster, no-cost way to get your money to external accounts when you need it (and more freedom to keep earning our high APY while you don\u2019t). <\/p>\n\n\n\n

How do free same-day withdrawals work?<\/h2>\n\n\n\n

It\u2019s never been faster to move money from your Cash Account to an eligible external account. Accounts held at 400+ participating institutions on this list<\/a> are automatically eligible<\/a>. Just initiate a withdrawal by 6pm PT to an eligible account (9pm for clients on the east coast), and you\u2019ll receive funds on the same day\u2014usually in just a few hours. Here are some of the popular banks that are eligible for same-day withdrawals:<\/p>\n\n\n\n