Common use of Deposits and Withdrawals to the Account Clause in Contracts

Deposits and Withdrawals to the Account. At any time Client may request cash deposits to the Account from the Linked Checking Account or withdrawals from the Account to the Linked Checking Account by taking appropriate action within the Interface. Client understands and agrees that the deposit and withdrawal of funds to or from the Account may be conducted in cash via Automatic Clearing House (“ACH”) transaction from or to the Linked Checking Account. Client further understands and agrees that ACH transactions are subject to processing delays which may take up to Five Business days and funds transferred may not be credited to the Account or otherwise available to Client during processing. Client further understands that the deposit and withdrawal process is subject to the terms of the Transfer Sweep Program, described in detail under Section 26(s). Generally, this means that with respect to deposits, funds will be transferred from the Linked Checking Account directly into the TSP Deposit-Account, and subsequently, into the Account. With respect to withdrawals, this generally means that funds will first be transferred from the Account to the TSP Deposit-Account, and subsequently, into the Linked Checking Account. Betterment and Betterment Securities may, in their sole discretion, permit the transfer of funds into or out of the Account in other forms or via alternative means. Betterment and Betterment Securities, in their sole discretion, may impose a longer waiting period during which funds may not be available for trading or withdrawal. Betterment and Betterment Securities reserve the right, in their sole discretion and without advance notice, to refuse certain types of additions of funds to the Account. Betterment and Betterment Securities reserve the right to require that Client make requests for withdrawals from the Account in writing. Client may initiate an ACH disbursement request by taking appropriate actions to make a withdrawal within the Interface. Subject to the terms of Sections 17 and 19 of the Advisory Agreement, Client may withdraw an amount up to the current market value of the Account not including the fees that are due at any time. In making such request Client authorizes Betterment Securities and its bank service provider to act on Client’s behalf to initiate the ACH disbursement. On receipt of an ACH disbursement request by Betterment Securities, Betterment Securities will transmit payment instructions to the applicable bank as soon as practicable. It is Client’s responsibility to ensure that instructions are accurate before requesting Betterment Securities to initiate an ACH disbursement. Betterment Securities may in its discretion attempt to abide by a subsequent request for a change to instructions, but it is not obligated to do so. Client agrees to indemnify and hold Betterment Securities, Betterment, and their affiliates harmless from any Losses arising out of or relating to an attempt to amend or cancel an ACH transfer request. Client understands that any erroneous, mismatched, or incomplete identifying information on an incoming ACH transfer may result in such ACH transfer being rejected, lost, posted to an incorrect account, or returned to the originating bank without notice to Client. Client agrees to indemnify and hold Betterment Securities, Betterment, and their affiliates harmless from any Losses arising out of or relating to any erroneous, mismatched, or incomplete identifying information on an incoming ACH transfer.

Deposits and Withdrawals to the Account. At any time Client may request cash deposits to the Account from the Linked Checking Account or withdrawals from the Account to the Linked Checking Account by taking appropriate action within the Interface. Client understands and agrees that the deposit and withdrawal of funds to or from the Account may be conducted in cash via Automatic Clearing House (“ACH”) transaction from or to the Linked Checking Account. Client further understands and agrees that ACH transactions are subject to processing delays which may take up to Five Business days and funds transferred may not be credited to the Account or otherwise available to Client during processing. Client further understands that the deposit and withdrawal process is subject to the terms of the Transfer Sweep Program, described in detail under Section 26(s). Generally, this means that with respect to deposits, funds will be transferred from the Linked Checking Account directly into the TSP Deposit-Account, and subsequently, into the Account. With respect to withdrawals, this generally means that funds will first be transferred from the Account to the TSP Deposit-Account, and subsequently, into the Linked Checking Account. Betterment and Betterment Securities may, in their sole discretion, permit the transfer of funds into or out of the Account in other forms or via alternative means. Betterment and Betterment Securities, in their sole discretion, may impose a longer waiting period during which funds may not be available for trading or withdrawal. Betterment and Betterment Securities reserve the right, in their sole discretion and without advance notice, to refuse certain types of additions of funds to the Account. Betterment and Betterment Securities reserve the right to require that Client make requests for withdrawals from the Account in writing. Client may initiate an ACH disbursement request by taking appropriate actions to make a withdrawal within the Interface. Subject to the terms of Sections 17 and 19 of the Advisory Agreement, Client may withdraw an amount up to the current market value of the Account not including the fees that are due at any time. In making such request Client authorizes Betterment Securities and its bank service provider to act on Client’s behalf to initiate the ACH disbursement. On receipt of an ACH disbursement request by Betterment Securities, Betterment Securities will transmit payment instructions to the applicable bank as soon as practicable. It is Client’s responsibility to ensure that instructions are accurate before requesting Betterment Securities to initiate an ACH disbursement. Betterment Securities may in its discretion attempt to abide by a subsequent request for a change to instructions, but it is not obligated to do so. Client agrees to indemnify and hold Betterment Securities, Betterment, and their affiliates harmless from any Losses arising out of or relating to an attempt to amend or cancel an ACH transfer request. Client understands that any erroneous, mismatched, or incomplete identifying information on an incoming ACH transfer may result in such ACH transfer being rejected, lost, posted to an incorrect account, or returned to the originating bank without notice to Client. Client agrees to indemnify and hold Betterment Securities, Betterment, and their affiliates harmless from any Losses arising out of or relating to any erroneous, mismatched, or incomplete identifying information on an incoming ACH transfer. With respect to mutual funds that Betterment Securities does not sell immediately, Client understands and acknowledges that the value of shares may fluctuate between the time when a Client instructs Betterment to make a withdrawal involving the sale of mutual funds, or to transfer mutual funds from one goal to another, and the time when Betterment Securities completes the transactions.

Deposits and Withdrawals to the Account. At any time Client may request cash deposits to the Account from the Linked Checking Account or withdrawals from the Account to the Linked Checking Account by taking appropriate action within the Interface. Client represents and warrants that no funds deposited into the Account are derived from, or will be used to promote the conduct of, any unlawful activity. Client understands and agrees that the deposit and withdrawal of funds to or from the Account may be conducted in cash via Automatic Clearing House (“ACH”) transaction from or to the Linked Checking Account. Client further understands and agrees that ACH transactions are subject to processing delays which may take up to Five Business days Days, and funds transferred may not be credited to the Account or otherwise available to Client during processing. Client further understands that the deposit and withdrawal process is subject to the terms of the Transfer Sweep Program, described in detail under Section 26(s27(s). Generally, this means that with respect to deposits, funds will be transferred from the Linked Checking Account directly into the TSP Deposit-Account, and subsequently, into the Account. With respect to withdrawals, this generally means that funds will first be transferred from the Account to the TSP Deposit-Account, and subsequently, into the Linked Checking Account. Betterment and Betterment Securities may, in their sole discretion, permit the transfer of funds into or out of the Account in other forms or via alternative means. Betterment and Betterment Securities, in their sole discretion, may impose a longer waiting period during which funds may not be available for trading or withdrawal. Betterment and Betterment Securities reserve the right, in their sole discretion and without advance notice, to refuse certain types of additions of funds to the Account. Betterment and Betterment Securities reserve the right to require that Client make requests for withdrawals from the Account in writing. Client may initiate an ACH disbursement request by taking appropriate actions to make a withdrawal within the Interface. Subject to the terms of Sections 17 18 and 19 of the Sub-Advisory Agreement, Client may withdraw an amount up to the current market value of the Account not including the fees that are due and payable to Advisor and Betterment at any time. In making such request Client authorizes Betterment Securities and its bank service provider to act on Client’s behalf to initiate the ACH disbursement. On receipt of an ACH disbursement request by Betterment Securities, Betterment Securities will transmit payment instructions to the applicable bank as soon as practicable. It is Client’s responsibility to ensure that instructions are accurate and complete before requesting Betterment Securities to initiate an ACH disbursement. Betterment Securities may in its discretion attempt to abide by a subsequent request for a change to instructions, but it is not obligated to do so. Client agrees to indemnify and hold Betterment Securities, Betterment, and their affiliates harmless from any Losses arising out of or relating to an attempt to amend or cancel an ACH transfer request. Client understands that any erroneous, mismatched, or incomplete identifying information on an incoming ACH transfer may result in such ACH transfer being rejected, lost, posted to an incorrect account, or returned to the originating bank without notice to Client. Client agrees to indemnify and hold Betterment Securities, Betterment, and their affiliates harmless from any Losses arising out of or relating to any erroneous, mismatched, or incomplete identifying information on an incoming ACH transfer. With respect to mutual funds that Betterment Securities does not sell immediately, Client understands and acknowledges that the value of shares may fluctuate between the time when a Client instructs Betterment to make a withdrawal involving the sale of mutual funds, or to transfer mutual funds from one goal to another, and the time when Betterment Securities completes the transactions.

Deposits and Withdrawals to the Account. At any time Client may request cash deposits to the Account from the Linked Checking Account or withdrawals from the Account to the Linked Checking Account by taking appropriate action within the Interface. Client represents and warrants that no funds deposited into the Account are derived from, or will be used to promote the conduct of, any unlawful activity. Client understands and agrees that the deposit and withdrawal of funds to or from the Account may be conducted in cash via Automatic Clearing House (“ACH”) transaction from or to the Linked Checking Account. Client further understands and agrees that ACH transactions are subject to processing delays which may take up to Five Business days and funds transferred may not be credited to the Account or otherwise available to Client during processing. Client further understands that the deposit and withdrawal process is subject to the terms of the Transfer Sweep Program, described in detail under Section 26(s). Generally, this means that with respect to deposits, funds will be transferred from the Linked Checking Account directly into the TSP Deposit-Account, and subsequently, into the Account. With respect to withdrawals, this generally means that funds will first be transferred from the Account to the TSP Deposit-Account, and subsequently, into the Linked Checking Account. Betterment and Betterment Securities may, in their sole discretion, permit the transfer of funds into or out of the Account in other forms or via alternative means. Betterment and Betterment Securities, in their sole discretion, may impose a longer waiting period during which funds may not be available for trading or withdrawal. Betterment and Betterment Securities reserve the right, in their sole discretion and without advance notice, to refuse certain types of additions of funds to the Account. Betterment and Betterment Securities reserve the right to require that Client make requests for withdrawals from the Account in writing. Client may initiate an ACH disbursement request by taking appropriate actions to make a withdrawal within the Interface. Subject to the terms of Sections 17 and 19 of the Advisory Agreement, Client may withdraw an amount up to the current market value of the Account not including the fees that are due at any time. In making such request Client authorizes Betterment Securities and its bank service provider to act on Client’s behalf to initiate the ACH disbursement. On receipt of an ACH disbursement request by Betterment Securities, Betterment Securities will transmit payment instructions to the applicable bank as soon as practicable. It is Client’s responsibility to ensure that instructions are accurate before requesting Betterment Securities to initiate an ACH disbursement. Betterment Securities may in its discretion attempt to abide by a subsequent request for a change to instructions, but it is not obligated to do so. Client agrees to indemnify and hold Betterment Securities, Betterment, and their affiliates harmless from any Losses arising out of or relating to an attempt to amend or cancel an ACH transfer request. Client understands that any erroneous, mismatched, or incomplete identifying information on an incoming ACH transfer may result in such ACH transfer being rejected, lost, posted to an incorrect account, or returned to the originating bank without notice to Client. Client agrees to indemnify and hold Betterment Securities, Betterment, and their affiliates harmless from any Losses arising out of or relating to any erroneous, mismatched, or incomplete identifying information on an incoming ACH transfer. With respect to mutual funds that Betterment Securities does not sell immediately, Client understands and acknowledges that the value of shares may fluctuate between the time when a Client instructs Betterment to make a withdrawal involving the sale of mutual funds, or to transfer mutual funds from one goal to another, and the time when Betterment Securities completes the transactions.

Deposits and Withdrawals to the Account. At any time Client may request cash deposits to the Account from the a Linked Checking Account or withdrawals from the Account to the a Linked Checking Account by taking appropriate action within the Interface. Client represents and warrants that no funds deposited into the Account are derived from, or will be used to promote the conduct of, any unlawful activity. Client understands and agrees that the deposit and withdrawal of funds to or from the Account may be conducted in cash via Automatic Clearing House (“ACH”) transaction from or to the a Linked Checking Account. Client further understands and agrees that ACH transactions are subject to processing delays which may take up to Five Business days Days, and funds transferred may not be credited to the Account or otherwise available to Client during processing. Client hereby authorizes Betterment and Betterment Securities to deduct funds from the Account for the purpose of satisfying any liability of Betterment, Betterment Securities, or any of their affiliates caused by an ACH return from a Linked Checking Account. Client further understands that the deposit and withdrawal process is subject to the terms of the Transfer Sweep Program, described in detail under Section 26(s27(t). Generally, this means that with respect to deposits, funds will be transferred from the a Linked Checking Account directly into the TSP Deposit-Account, and subsequently, then either a) into the Account, or b) into the Betterment Cash Reserve Settlement Bank, and then to deposit accounts at Program Banks. With respect to withdrawals, this generally means that funds will first be transferred a) from the Account to the TSP Deposit-Account, or b) from deposit accounts at Program Banks to the Betterment Cash Reserve Settlement Bank to the TSP Deposit-Account, and subsequently, then into the a Linked Checking Account. Betterment and Betterment Securities may, in their sole discretion, permit the transfer of funds into or out of the Account in other forms or via alternative means. Betterment and Betterment Securities, in their sole discretion, may impose a longer waiting period during which funds may not be available for trading or withdrawal. Betterment and Betterment Securities reserve the right, in their sole discretion and without advance notice, to refuse certain types of additions of funds to the Account. Betterment and Betterment Securities reserve the right to require that Client make requests for withdrawals from the Account in writing. Client may initiate an ACH disbursement request by taking appropriate actions to make a withdrawal within the Interface. Subject to the terms of Sections 17 18 and 19 of the Sub-Advisory Agreement, Client may withdraw an amount up to the current market value of the Account not including the fees that are due and payable to Advisor and Betterment at any time. In making such request Client authorizes Betterment Securities and its bank service provider to act on Client’s behalf to initiate the ACH disbursement. On receipt of an ACH disbursement request by Betterment Securities, Betterment Securities will transmit payment instructions to the applicable bank as soon as practicable. It is Client’s responsibility to ensure that instructions are accurate and complete before requesting Betterment Securities to initiate an ACH disbursement. Betterment Securities may in its discretion attempt to abide by a subsequent request for a change to instructions, but it is not obligated to do so. Client agrees to indemnify and hold Betterment Securities, Betterment, and their affiliates harmless from any Losses arising out of or relating to an attempt to amend or cancel an ACH transfer request. Client understands that any erroneous, mismatched, or incomplete identifying information on an incoming ACH transfer may result in such ACH transfer being rejected, lost, posted to an incorrect account, or returned to the originating bank without notice to Client. Client agrees to indemnify and hold Betterment Securities, Betterment, and their affiliates harmless from any Losses arising out of or relating to any erroneous, mismatched, or incomplete identifying information on an incoming ACH transfer. With respect to mutual funds that Betterment Securities does not sell immediately, Client understands and acknowledges that the value of shares may fluctuate between the time when a Client instructs Betterment to make a withdrawal involving the sale of mutual funds, or to transfer mutual funds from one goal to another, and the time when Betterment Securities completes the transactions. Client understands and agrees that transfers to or from a Betterment Cash Reserve Sub-Account to a different Sub-Account may result in the sale of securities to deposit cash at a Program Bank or the use of cash to purchase securities for the Sub-Account.