How does SmartDeposit help protect against overdrafts? – Betterment for Advisors

SmartDeposit takes precautions to help prevent an overdraft. We require that your clients set a minimum bank balance of at least $1,000 and will always send them emails at least 24 hours before any transaction so they can cancel or modify their SmartDeposit. However, your clients should consider all pending transactions that may not be reflected in their bank account.