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TD Ameritrade Funds Withdrawal Fee. Terms and How To Transfer Money Out of Brokerage Account (2019)


TD Ameritrade terms for moving cash out, transfer funds to bank options, withdrawal fee, getting money out of brokerage account by ACH, wire transfer, debit card, ATM, and check.



TD Ameritrade ACH Withdrawal Terms


If you want to move money out of a securities account at TD Ameritrade, the broker provides several methods to accomplish just that. First there is an electronic (ACH) service. It is free and takes between one and three business days to complete. There is a convenient on-line form where an external bank can be linked to a TD Ameritrade brokerage account. The broker imposes a $250,000 daily maximum on this service. The cutoff time is 4:30 pm, EST. Any ACH request submitted after this deadline will be processed on the following business day.


TD Ameritrade Wire Transfer Withdrawal


The next option for moving a cash balance out of a TD Ameritrade account is a wire transfer. This service is a little quicker than the ACH method. A wire takes one business day. There is a $25 charge for the wire, and the receiving institution may charge its own fee. Unlike the first option, the wire service has no daily maximum. The cutoff time is a little sooner—3:00 pm, EST. Before submitting an outbound wire request, you’ll need to add a bank account to your TD Ameritrade securities account.


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TD Ameritrade Money Withdrawal By Check


The third option is to request a paper check. Unlike the wire service, having a paper check mailed to your home address is free. It takes one business day for the broker to cut the check, although the broker has no control over the mailing time. TD Ameritrade sends the check via first-class mail. Overnight shipping is available, although there is a charge for the service. Unlike the broker’s ACH service, the check can be for any amount. The cutoff time is 4:30 pm, EST.

An alternative to requesting a check be mailed to you for the cash balance in your account is simply to have checks added to your brokerage account. This service is free of charge. Once you have checkwriting established on your account, you can simply write a check, and the funds will be debited from the account’s core cash position.


TD Ameritrade Money Withdrawal By Debit Card and ATM


If you think paper checks are too 20th century, the broker also offers a Visa debit card at no cost. The card is linked to a brokerage account’s core cash position, and ATM withdrawals and point-of-sale purchases will take funds out of the securities account.


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TD Ameritrade ACAT Withdrawal


The final method is to transfer account positions, which can include cash, to another brokerage firm. Any TD Ameritrade brokerage account can be moved, in whole or in part, to another firm via ACAT service. Transferring just one position is free, so you could move cash or a cash equivalent, such as a money market mutual fund; and TD Ameritrade wouldn’t charge anything. Most brokers don’t charge for incoming transfers, either. A full transfer out of TD Ameritrade costs $75. Apex clients, who execute 60 trades per year or have $100,000 in assets, don’t have to pay the fee.


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