Fee To Cancel Wells Fargo Brokerage Account
If you have a WellsTrade account or any investment account with Wells Fargo Advisors and want to close it, you’re in the right place. We’ll show you how to close it and give you other options.
First, You Need to Sell Everything
To close your account the usual way, sell all your positions. Cover any short sales and sell all long holdings so you end up with only cash.
Second, You Need to Withdraw the Cash Balance
After your account is all cash, you need to withdraw it. You can use wire, ACH, or bill pay. Click the Transfer & Pay tab on the Wells Fargo site and choose a method. You may have to add an outside bank account—just follow the on‑screen prompts.
If there’s a minimum withdrawal limit, Wells Fargo can mail you a paper check for your balance. To get a check, call customer service. While you’re on the phone, you can also ask them to close your account. Once closed, it can’t be reopened.
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Third, It’s Time to Close the Account
If you didn’t request a paper check, now it’s time to close the account. The app and site have a link, but it won’t close an investment account.
To close a WellsTrade account with a zero balance, call 1‑800‑266‑6263. To close an Intuitive Investor (robo) account, call 1‑855‑283‑5567.
Remember the Internal Revenue Service
Talk to a tax professional before withdrawing from an IRA or selling in a taxable account. These actions may trigger tax forms.
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Close Wells Fargo Brokerage by Transfer
If the steps above seem too much, you can use a full ACATS transfer instead. ACATS moves your account to another firm and closes it at Wells Fargo.
If you want cash in hand, use the first method. If you’d rather not sell your holdings, the transfer may suit you better.
To request an ACATS transfer, contact the broker you’re moving to. Most brokers offer online transfer tools. You’ll need your Wells account number and account type (such as joint or IRA). The transfer must move everything out. A partial transfer will not close the Wells Fargo account.
Before requesting the transfer, check that your mutual funds will transfer to the new broker. Sell any option positions that expire within a week before you submit the request.
Closing Other Accounts with Wells Fargo
You can close other accounts—like robo, full-service, or advisory accounts—the same way. For the manual method, you must close by phone.
You can close a Wells Fargo checking or savings account online or in the app. The account must have a $0.00 balance and no pending interest. On the website, find the close link under the Accounts tab. In the mobile app, go to Menu > Account Services.
Wells Fargo Brokerage Closing Fee
Fees may apply for closing or transferring a Wells Fargo account. For example, Wells Fargo Advisors charges $49.95 to close an IRA. A full outgoing transfer also costs $49.95.
Updated on 5/5/2025.
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.
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