How to close a TastyWorks account on mobile app or with customer service. Fee to close TastyWorks brokerage account and delete app.

How to Close or Transfer a TastyWorks Account

If you’ve decided TastyWorks’ style of investing isn’t for you, it’s time to close or transfer your account. There are multiple ways of shutting down your account; and we’ll present all of the available options here.

TastyWorks Account Transfer (ACAT) Fee

If you have securities in your tasty account and you don’t want to sell them, the easiest method to close your account is simply to transfer the whole enchilada to another brokerage firm.

Using the ACAT electronic system makes the process very straightforward, although TastyWorks does charge a steep $75 for its side of the transfer. Most brokers that receive an ACAT transfer don’t charge anything; and in fact, some actually reimburse fees imposed by the old brokerage firm.

To conduct an ACAT transfer, you’ll need to start at the new brokerage firm. Nowadays, most companies have an easy online form that needs to be filled out. You’ll need your TastyWorks account number to complete it.

Once the ACAT transfer is complete, your TastyWorks account will be automatically closed.

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Closing TastyWorks Account With a Wire Transfer

If tasty’s $75 ACAT fee is too steep for you, a cheaper option is wire service. This will require you to liquidate all securities in your account first, as only cash can be sent via wire.

TastyWorks charges $25 to for its wire service, which can be initiated on its website. The charge increases to $45 if the receiving institution is located outside the United States.

Unlike the ACAT system, a wire transfer will not automatically close your account. Be sure to send a message to TastyWorks (via phone, fax, e-mail, or snail mail) to request your account be closed after the wire is complete. The broker’s phone number is 888-247-1963, and its service e-mail is support@TastyWorks.com.

Automated Clearing House (ACH)

If tasty’s wire fee is still too rich for your wallet, you can transfer cash to an external account using the Automated Clearing House service. This is free, although there is a limit of $250,000 per day. Most accounts will be under this amount, so the ACH service is a good option.

At TastyWorks, ACH requests submitted by 1:00 pm, CST, are processed the same day; although the receiving institution may take several days for the funds to appear and be available for withdrawal.

As with the wire, transferring cash with an ACH does not close an account. You’ll need to submit an account closure request after completing the ACH transfer.

Leaving an Account Open

Instead of closing your tasty account completely, it’s possible to liquidate all holdings and move the cash out of the account and leave the account open. The broker doesn’t charge any annual or low-balance fees. We don’t recommend this, however, due to the possibility of unauthorized use of the account.

Alternatives to TastyWorks

Some brokers that may offer a better trading experience include SogoTrade (who charges $2.88 per stock trade for high volume traders), TradeStation (who provides futures and options on futures), and Webull (who offers desktop trading commission-free).



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