It usually takes four to five business days for Betterment to process your withdrawal request. Once you submit the request, Betterment will review the shares in your account, sell them, and send the funds to your linked bank account. There are no trading or withdrawal fees, and if you decide to close the account, there will be no assessed penalties. When it comes to withdrawing funds from a 401(k) account, the procedure is a bit different. These savings aren't eligible for withdrawal unless the account holder leaves employment, turns 59 and a half, becomes disabled, or passes away.