How to Close a Wealthfront Account
If you follow these steps for closing your Wealthfront account, you likely won’t encounter any difficulties throughout the process.
Wealthfront Account Closing Overview
There are two ways to close a Wealthfront account. The first is to move your holdings through the Automated Customer Account Transfer Service (ACATS), which automatically ends the Wealthfront account. The second is to reduce the balance to $0 and then ask for the account to be shut down.
The best choice depends on whether you want to keep your assets in their current form or cash them out, plus the type of account you have. Wealthfront provides multiple account types, and some may not allow both of these closing methods.
Closing a Wealthfront Cash Account
Whether it has a balance or not, a Wealthfront cash account can be closed on the website or in the mobile app. There’s no need to transfer anything first. On the website, sign in and click the account icon on the dashboard. On the next screen, select Manage in the upper-right corner. Then look for “Start account closure” and follow the prompts to remove your funds and finish closing the account.
The procedure on the mobile app is almost identical. Log in, tap the Home icon in the bottom-left corner, locate your cash account, and tap on it. Then tap Manage in the top-right corner, scroll down, and choose the option to close the cash account.
In either case, once the cash account is closed, you can’t use it for direct deposit or automatic payments if you had those features set up. Also, this request can’t be reversed, so double-check you’re certain you want to proceed.
Closing a Wealthfront Investment Account
Closing a robo or stock-trading account is a bit different. You can close it directly at Wealthfront (and sell your securities), or you can transfer it to another brokerage, which will close it for you. Selling the securities creates cash you can take out, while transferring them lets you keep your positions intact if you don’t plan to sell.
First method:
To shut down an investment account by selling its holdings, log into your Wealthfront profile (website or app) and locate the “Transfer Money” option. On the website, this is at the top; on the app, it’s near the bottom.
On the withdrawal page, pick the link to withdraw. A pop-up window will have a prompt to withdraw funds. Select the full account balance, letting Wealthfront know to liquidate all securities. When the sales settle, Wealthfront will send the total cash via ACH to the bank account you’ve linked. Your Wealthfront investment account will then be closed.
If your investment account is an IRA, you can’t use this exact process. To liquidate it, you’ll need to contact Wealthfront’s support team and ask them to sell the positions on your behalf.
Second method:
The second approach uses the ACATS system instead of ACH. It can be used for both taxable accounts and IRAs. Through ACATS, your cash and investments go to another brokerage, and once that new firm finalizes the move, your Wealthfront account automatically closes.
Starting an ACATS transfer is straightforward. Open an account with a new brokerage and request an inbound transfer from Wealthfront. Most brokerages have online tools that make this simple.
For an illustration, see How to Transfer a Wealthfront Account to Robinhood.
Best Free Alternatives
Read detailed Robinhood vs Charles Schwab comparison.
Remember the Tax Man
If you sell positions in a taxable account or withdraw from a tax-protected account, taxes could apply. Consider talking to a tax specialist before taking these steps.
Fee to Delete a Wealthfront Account
Wealthfront does not charge any fees to close or move an account.
Updated on 2/23/2025.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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