TD Ameritrade transfer out fee

TD Ameritrade Account Transfer Fee (ACAT) 2022


TD Ameritrade ACAT fee to transfer out (stock positions, full and partial account transfer). TD Ameritrade transfer fee (outgoing).


TD Ameritrade Transfer Fee


If you feel like it's time to switch brokers, you likely wondered what the simplest method is. Depending on the complexity of your portfolio and the types of securities you hold, the idea of liquidating everything in order to transfer your funds out might seem tedious.

Fortunately, there is a way to move your brokerage account easily. You can use an ACAT transfer. Keep reading to learn how much it costs to do an ACAT transfer at TD Ameritrade in 2022.


What is an ACATS Transfer?


First off, let’s be sure that you know what an ACAT(S) transfer is and how it might benefit you.

An ACATS transfer is an account transfer that takes place from broker to broker. You can transfer the funds in your account along with open positions in a variety of securities, like options, stocks, ETFs, and more. You can transfer an investment account partially or completely, and there is no need to liquidate everything in your account before moving your brokerage account.


Which Securities Can You Transfer With ACATS?


There are several types of securities that you can transfer using ACATS transfers. You can transfer shares of stocks and ETFs, as well as open options positions and shares obtained through margin.

It is useful to keep in mind that the securities that you wish to transfer should match the permissions of the receiving account. For example, to transfer multi-leg options strategies that require a Level 3 options permissions, you will need the same permissions granted in the TD Ameritrade account.

It’s also good to note the types of securities that are not transferrable.

Securities that you cannot transfer are cryptocurrencies, trades (or the related funds) that have not yet settled, and open orders (i.e., stop loss orders and limit orders).


td ameritrade ACAT Transfer Warning


TD Ameritrade ACAT Transfer Timeline


Most ACATS are completed within a week from when the online application is accepted by TD Ameritrade.

It is possible for transfers to take longer. To ensure that you get the fastest brokerage account transfer times, make sure to follow the guidelines about the types of securities that you can transfer and the permissions in your TD Ameritrade account.


Incoming ACATS Fees on TD Ameritrade


TD Ameritrade does not charge a fee for incoming ACATS. However, many brokers charge a fee like TD Ameritrade’s outgoing ACATS transfer fee.


td ameritrade incoming ACAT


Fortunately, TD Ameritrade reimburses ACAT fees from other brokers up to $75, which does cover the outgoing ACAT transfer fees of most brokers. You can use a link below to open an account, initiate the transfer, and get reimbursement:


Open TD Ameritrade Account


Outgoing Account Transfer Fees on TD Ameritrade


If you are looking to transfer your TD Ameritrade account to another broker, the fee is $75 if you want to transfer the complete account. Initiating a partial transfer at TD Ameritrade comes at no charge, however.

Note that a complete ACATS transfer will close your account, so a partial transfer is best if you want to maintain your trading account at TD Ameritrade, and if you want to take advantage of the free account transfer.

To learn how to move your TD Ameritrade account into a different broker, read this article »


Best Alternatives




Alternatives to ACAT Transfers


If you do not wish to go through the process of setting up a brokerage account transfer, the best alternative is to liquidate the positions in your current brokerage account, wait for the funds to settle, and then wire the money to your outside bank. Once you receive your funds, you can then fund your TD Ameritrade account with ACH, wire, or check.


Transfer From TD Ameritrade to Robinhood


Investors at Robinhood can enjoy a host of useful features. The broker offers one of the easiest trading platforms to use, and there is a fair amount of market/ticker news that keeps traders informed.

Also available are curated watchlists that are great for inspiration and to get a wider view of market activity. Everything about Robinhood’s approach to investing speaks to making the world of investing more accessible to more people.


Benefits of Moving to Robinhood


Apart from the ease of access to the markets, Robinhood offers a lot of other benefits that are popular with investors. Here are some of the most notable features.


Free stocks


One thing that has helped the broker build a loyal customer base is the free stock program. Robinhood was one of the first brokers to offer promotions with free stocks and it has proven to be such a popular idea that the practice has been adopted by many other brokers to some extent.

When transferring a brokerage account from TD Ameritrade to Robinhood, new users receive a free stock for opening a new account, as well as for funding the account. It is also possible to continue receiving free stocks by inviting friends and family to join.


Fees and Commissions


Another attractive feature is the broker’s zero-commission policy. Robinhood does not charge a commission for stocks, options, ADRs, ETFs, and some OTC stocks. Traders at Robinhood will still pay the exchange fees, but they are negligible in most cases. Robinhood Gold users also enjoy free withdrawals.


Trading Platform


The trading platform is another attractive feature. It is not in the same league as TOS, but traders who prefer Robinhood’s approach are usually not looking for something as advanced as what TD Ameritrade offers. AT Robinhood, investors can take advantage of the mobile platform or the web-based version of the same software. Some basic charting is available, and with Robinhood Gold even more tools are unlocked.


Fractional Shares


Fractional shares are another reason many traders look to Robinhood. Investors can create diverse portfolios, including some of the most popular tickers on the stock market, with as little as a couple of dollars. In fact, it is possible to buy a fractional share for as little as $1. Paired with the fact that Robinhood does not have an account minimum, fractional shares have become quite popular investors looking to grow their accounts.


Robinhood Promotion


Up to $200 in FREE stock + transfer fee reimbursement.

Open Robinhood Account

Cash Management Services


Yet another attractive feature is the cash management features on offer. A Robinhood margin account also doubles as a bank account, as long as the feature is enabled by the account holder. To help with money management, Robinhood offers a debit card with which investors can use to withdrawal settled funds from their account.

Updated on 9/30/2022.


About the Author
Chad Morris is a financial writer with more than 20 years experience as both an English teacher and an avid trader. When he isn’t writing expert content for Brokerage-Review.com, Chad can usually be found managing his portfolio or building a new home computer.