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Vanguard Withdrawal Fee, Terms and How To Transfer Funds Out of Brokerage Account


2022 Vanguard withdrawal fee, transfer funds options, terms for moving cash to bank, getting money out of brokerage account by ACH, wire transfer, debit card, ATM, and check.


Vanguard ACH Withdrawal Terms


If you have a Vanguard brokerage account, and you want to withdraw some money, there are a few different choices available to you. The first option is to move a free cash balance electronically to an external bank via the Automated Clearing House (ACH) service. This method is available after adding a bank account to your Vanguard securities account. Either a checking or savings account can be used. Vanguard will also mail you a paper check for an account’s cash balance.


Vanguard Transfer Money


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Transferring Cash Via the Vanguard Website


Whichever method you choose, the best way to find the broker’s web-based money movement form is to use the search box in the upper-right hand corner. Unfortunately, the Vanguard website is rather difficult to navigate; so finding any forms or documents you need is best accomplished by using the search box.

Typing in ‘Move money from Vanguard to your bank’ will generate a list of search results with the appropriate link at the top of the screen. Typing in something similar will result in the link appearing a little lower in the results.

Clicking on the correct link will produce a page where you can specify where the money is coming from (which Vanguard fund you want to move money out of), and how you want to receive the funds (ACH or paper check).

A free cash balance will be in a money market mutual fund, because Vanguard does not offer any other core account option. The fund is the Vanguard Federal Money Market Fund, Investor Class (ticker symbol VMFXX). Other mutual funds could be sold, and the proceeds sent directly to a bank account, bypassing the account’s core position.


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Vanguard ACAT Withdrawal


The brokerage firm offers ACAT service for transferring a brokerage account, in whole or in part, to another broker-dealer. Amazingly, Vanguard doesn’t charge anything for outgoing full or partial transfers. Most companies do charge for this service.


Vanguard Wire Transfer Withdrawal


Vanguard offers wire transfers, too, and it doesn’t charge for them, either. Most brokers do charge something to send a wire. Vanguard clients can send a wire of funds to either a domestic or foreign bank. If the bank account is already linked to your Vanguard account, the transfer can be completed online. If not, the broker offers a pdf document.


Withdrawing Funds on the Vanguard Mobile App


The Vanguard mobile app can also be used to move funds out of a brokerage account. To do this, first tap on the menu icon (three horizontal bars) in the upper-left of the app. Next, scroll down to ‘My Transactions’ and choose ‘Buy, sell, & exchange.’ Here, you will have the option to choose ‘Sell Vanguard funds.’ Tapping on this link produces the next menu where you can specify a cash amount and the receiving bank account. The option ‘Sell Vanguard funds’ must be chosen because a free cash balance will be in a Vanguard fund.


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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.