Wealthfront Adds Additional Automation to Make Money Movement Effortless

Previously, Wealthfront monitored for excess cash and automatically transferred the balance to either a Wealthfront Taxable Investment Account or a Wealthfront Cash Account, and the company has quickly expanded its service to include more account options.



This added automation is another important step in Wealthfront's ultimate vision to build an ecosystem that optimizes and automates all of their clients' finances, a vision they call Self-Driving Money. Clients can already use Wealthfront to monitor an outside checking account or a Wealthfront Cash Account, and when that account exceeds the client's prescribed balance, the money is automatically deposited into the Wealthfront account of their choosing. Wealthfront even takes recurring transfers into account when looking for excess cash and integrates them seamlessly with clients' savings strategies. Clients can also set up direct deposit for their paycheck, automatically pay bills and send a check on a recurring basis.

Our vision of Self-Driving Money is going to be a complete game changer for people's finances, said Chris Hutchins, Head of Financial Automation at Wealthfront. We want to completely remove the burden of managing your money so you can focus on your career, your family or whatever is most important to you.

Wealthfront's team will continue to build out additional automation features, including transferring excess cash to multiple accounts at once and prioritizing accounts based on a client's individual goals. To open a Wealthfront Cash Account, download the app on the App Store or Google Play or visit www.wealthfront.com.