If you’d like to withdraw funds from your Beanstox account, follow the steps below.
Note: Although you can withdraw funds from your account any time you’d like, it typically takes 2-3 business days for any funds you withdraw from your Beanstox account to reach your linked bank account. However, if you have recently made a recurring or one-time deposit, we have a 15-day hold on withdrawals from the date of your last deposit. Avoid depositing funds into your account if you may need them in the immediate future.
To withdraw funds from your Beanstox account:
- On the home screen, tap See Plan.
- Select Withdraw.
- Select the amount you’d like to withdraw from your Beanstox account. This can be any amount up to the total balance of your Beanstox account.
Note: If you want to liquidate your Beanstox account, select the box next to “full redemption of your goal” beneath the withdrawal amount. Performing a full redemption does NOT close your Beanstox account. It brings your account balance to $0. You will still be charged the $5/month membership fee.
If you would like to fully close your account and cancel your membership, read “How do I cancel my Beanstox membership?”
What if I have multiple goals in my Beanstox account?
If you have multiple goals, you will see multiple Wealth builder boxes on your home screen.
- On the home screen, tap See Plan within the Wealth builder portfolio from which you wish to withdraw funds.
- Select Withdraw
- Select the amount you’d like to withdraw from your Beanstox account. This can be any amount up to the total balance of your Beanstox account.
Note: If you want to liquidate your Beanstox account, select the box next to “full redemption of your goal” beneath the withdrawal amount or select delete goal. Performing a full redemption does NOT close your Beanstox account. It brings your account balance to $0. You will still be charged the $5/month membership fee.
If you would like to fully close your account and cancel your membership, read “How do I cancel my Beanstox membership?”
What happens if I delete a goal in my Beanstox account?
If you delete a goal, all the money invested in that account will be redeposited into your linked bank account. Your account will still be active and the $5 monthly fee will continue to be debited from your linked bank account, until you cancel your membership.
If you cancel your membership without withdrawing your funds, your account will be auto-liquidated and your balance will be deposited into your linked bank account. Your linked bank account will no longer be debited for the $5 monthly fee.