TD Ameritrade 300

How to Move Etrade Account to Charles Schwab, TD Ameritrade, Fidelity & Others (2021)

How to transfer Etrade account/IRA/stocks/assets/money to Ally Invest, Merrill Edge, Chase, Vanguard, Robinhood, or Firstrade

How to Transfer an E*Trade Account to Other Broker

Investors at E*Trade who want to transfer to a different brokerage firm have several good choices. In particular, Fidelity, Schwab, TD Ameritrade, and Ally Invest are all popular candidates. Here is a step-by-step guide on how to make the transfer to each broker.

The E*Trade Side

Paperwork for an account transfer is handled by the incoming broker. A fee might be charged by the outgoing broker. E*Trade does charge $75 for a full account transfer and $25 for a transmission of only some securities. If an account has a remaining balance of at least $5,000 after the partial transfer, the $25 fee is waived.

How to Move an E*Trade Account to Ally Invest

The best priced company in this list, Ally Invest offers incentive for you to transfer your brokerage account to them. You start by clicking on their promotion link and at some point of account opening process you will be able to specify that a new account should be funded by account transfer, also called ACAT, from another brokerage - E*Trade.

There is an on-going special of reimbursing transfer fees charged by the outgoing broker. This would be a good opportunity to eliminate E*Trade's $75 charge. The transfer fee must be documented and sent to Ally Invest. An E*Trade statement must also be submitted. The request should be finished in about 2 weeks.

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How to Move an E*Trade Account to TD Ameritrade

TD Ameritrade's site has an online form for account transfer. It is under the 'My Account' menu in the deposits section. A phone number is shown in the right-hand column of the browsing window. An automated Q&A system called Ask Ted can answer queries about submitting an account transfer request. The website also has a limited FAQ that addresses some issues concerning full and partial transfers. TD Ameritrade does require a recent E*Trade statement to be sent along with the transfer request. The firm does take around one week to do a full transfer. A partial transfer can take up to a month to finish.

TD Ameritrade Promotion

$0 commissions + transfer fee reimbursement.

Open TD Ameritrade Account

How to Move an E*Trade Account to Schwab

Schwab's website has an easy-to-use transfer form, too. You first need to type in the old broker's name first, which is E*Trade in this situation. E*Trade's name is displayed underneath the search field, so you can just click on it rather than type it in. After selecting the broker, it's time to choose the type of account to be moved. It could be a retirement account, a trust, or a joint brokerage account, to name a few examples. Next, enter the E*Trade account number. You must also specify whether you want to do a full or partial transfer. The final task is to choose the Schwab account you want to transfer into. The broker's website states the whole process could take 6 weeks or longer to complete.

How to Transfer an E*Trade Account to Fidelity

Fidelity customers can use an online application to speed up the transfer process. Account information needs to be entered on the form. These data include account number, the outgoing broker, and account type. The Fidelity website states that it takes about a week to process the application. The broker provides a useful FAQ that answers typical transfer questions. These include such issues as transferring a joint account to an individual, or if the outgoing account has a different name than the one on the Fidelity account. The firm's website has a transfer tracker that displays the progress of the application. The broker also provides a pdf transfer form for clients who prefer to snail mail the request in. In both methods, an E*Trade statement must be submitted along with the application.

How to Transfer E*Trade Account to Fidelity

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How to Transfer E*Trade Account to Vanguard

Investors going to Vanguard will also find a helpful on-line form to make the move painless. After logging into the Vanguard site, type in 'Transfer Account' in the search field. The results will display the start of the form. You'll need to input the standard information, starting with the name of the sending broker. The Vanguard form also asks for the approximate value of the E*Trade account to be transferred. If you're doing a partial transfer, the form will ask what specific securities you want to transfer. There's an option to save the form, which can be completed at a later time. Vanguard provides a phone number in the upper right-hand portion of the screen in case you have any questions during the process. There are also some helpful questions displayed at the bottom of the screen.

Move E*Trade Account to Vanguard

Transferring E*Trade Account Review

Shifting assets from E*Trade to a new firm is quite simple, although choosing a broker that doesn't have an online request system might make the process a little more cumbersome. And remember that it can cost up to $75 to transfer assets out of E*Trade.