How To Withdraw Money Out of TD Ameritrade (2022)


How to withdraw money from TD Ameritrade account by ACH, wire transfer, debit card, ATM, and check. What is TD Ameritrade withdrawal limit and fee, and how long does it take.


TD Ameritrade Withdrawals


TD Ameritrade tries to make putting money into your accounts as easy as possible but what about taking money out? Let’s discuss how withdrawing money from TD Ameritrade works.


How To Withdraw Money Out of TD Ameritrade


Withdraw Money by Wire at TD Ameritrade


The first way to withdraw money from TD Ameritrade is via a wire transfer. A wire transfer can only be initiated by the sending party so, you have to initiate the wire with TD Ameritrade. You can link a connection to the bank account that you want to send the wire to on TD Ameritrade’s website.

When setting up a wire transfer, TD Ameritrade provides a list of common wire types to choose from including a standard wire, a mortgage wire, or a brokerage wire. The website makes the process of setting up a wire transfer very easy by walking you through the entire process. TD Ameritrade charges a $25 for fee sending a wire and your receiving bank may also charge a fee to receive the wire.


td ameritrade wire withdrawal types


Limits to Money Withdrawals by Wire at TD Ameritrade


There is no maximum dollar limit for withdrawing your money with a wire transfer from TD Ameritrade. The only kind of limitation to be aware of for wire transfers is that if you are sending any amount via an international wire transfer, it cannot be done online – you have to fill out and submit a paper form.


How Long Does it Take to Withdraw Money by Wire at TD Ameritrade?


A wire transfer is always the quickest way to withdraw your money. The funds from a wire transfer will show up in your bank account within one to two hours of being initiated, in most cases. TD Ameritrade has a cutoff time of 4:30 p.m. ET in order for your wire transfer to be processed the same day.


Open TD Ameritrade Account



Open TD Ameritrade Account

Withdraw Money by ACH at TD Ameritrade


The second way to withdraw your money from TD Ameritrade is via an ACH transfer, also known as an EFT transfer. An ACH transfer is the most common type of withdrawal and is what most people mean when using the term “bank transfer”. TD Ameritrade doesn’t charge any fees for an ACH transfer and most banks don’t charge any fees to receive an ACH transfer.


td ameritrade ACH withdrawal


Limits to Money Withdrawals by ACH at TD Ameritrade


TD Ameritrade has a maximum dollar limit for ACH transfers of up to $250,000 per business day.


How Long Does it Take to Withdraw Money by ACH at TD Ameritrade?


ACH transfers take between 1-3 business days for the money to show up in your bank account from the time the ACH is initiated. TD Ameritrade has a cutoff time of 4:30 p.m. ET in order for your ACH transfer to be processed the same day.


Withdraw Money by Check


The third way to withdraw money from TD Ameritrade is via a check. There is no maximum dollar limit for check withdrawals. TD Ameritrade requires one business day for processing and estimates 1-4 business days for mailing time. TD Ameritrade will send your check via first-class mail for free or via overnight mail, but they do charge a fee to your account for the overnight mail option.


Withdrawal Navigation Steps


All withdrawals out of TD Ameritrade have to be completed on the website or with a paper form. To start a withdrawal on the website once logged into your TD Ameritrade account, click on the “My Account” tab in the top left of the screen. Then click on “Withdraw” under the “Deposits & Transfers” section. Then on this screen, you can choose to withdraw via wire, ACH, or check.


Steps to do an ACH


For an ACH, you will first need to choose an existing linked bank account or create a new bank connection to transfer to. For an ACH, TD Ameritrade only allows you to connect a personal bank account that is in your name. You cannot connect any type of third-party bank account or business account.

To complete the ACH connection, you will need to enter your bank account number and your bank routing number. Once your bank account is connected, you will need to simply enter the amount you want to withdraw and confirm the transfer. You can process a one-time ACH withdrawal, or you can set up an automatic recurring transfer.


Steps to do a Wire


Like an ACH, the first step to do a wire is to choose an existing linked bank account or create a new bank connection to transfer to. Wires can be more complicated and have much more confusing instructions compared to an ACH. To help make wires less confusing when setting up a new connection, TD Ameritrade provides a list of all the most common wire types to choose from.

Once you pick a choice from the list of wire types, you are then asked if your name is on the receiving bank account. If your name is on the receiving bank account, you can proceed. If your name is not on the receiving bank account and it is a third-party account, you are instructed to fill out and submit a paper form.

The next step, if doing a first-party wire, is to provide all relevant bank information. The bank information you need depends on the type of wire you are doing. When filling out the bank information, TD Ameritrade includes helpful tips you can click on that explain how to find the wire information you need for each part. The last step is to enter the amount you want to wire and confirm the transfer. You can only execute one wire transfer at a time, there is no option for setting up a recurring wire.


Steps to Withdraw a Check


The first step to withdrawing a check is to enter the amount you want. The second step is to enter the frequency which, like an ACH transfer, can be either a one-time withdrawal or an automatic recurring withdrawal. The last step is to choose the delivery method either First Class or Overnight mail. You are not required to enter your mailing address because TD Ameritrade automatically uses your mailing address on file. If you want to have a check mailed to a different address than what you have on file, you will need to contact them.


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Why Can’t I Withdraw Money at TD Ameritrade?


When you sell something in your brokerage account, the transaction needs time to be completed and settled. In order for you to withdraw funds from a trade, the funds have to be fully settled. The settlement process has different timeframes depending on the security. For stocks and ETFs, settlement takes two business days. For options and mutual funds, settlement takes one business day.

For stock trades, the common phrase in the industry you may hear is T+2. This means stock settlement takes the trade date plus two business days. For example, if you sell a stock on a Monday, the funds will fully settle and be available to withdraw on Wednesday.


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TD Ameritrade Withdrawals Conclusion


TD Ameritrade provides suitable options for everyone to have access to their money and to make a withdrawal at any time. If you have any questions about withdrawing your money, contact their customer service.


Open TD Ameritrade Account



Open TD Ameritrade Account

Updated on 6/7/2022.


About the Author
Paul Johnson is a Licensed Stockbroker with 7+ years of experience in the financial services industry. Paul enjoys teaching about investing and writing about financial topics. He is a husband and father of twin boys.