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

How to Close a TD Ameritrade Account

If it’s time for you to close your TD Ameritrade brokerage account, there are several avenues to go about it. We’re going to give you some pointers with clear instructions for each route.

Automated Customer Account Transfer (ACAT)

We’re going to start with what we think is the easiest method to close a TD Ameritrade investment account. With the ACAT system, you can transfer an entire brokerage account from one firm to another. When the transfer is complete, the original account is automatically closed. This is a good option if you don’t want to sell any securities, and you’re only interested in moving from one broker to another.

While the ACAT system is very convenient, it is also usually the most expensive. TD Ameritrade charges $75 for its side of the transfer. Receiving firms normally charge nothing.

TD Ameritrade charges nothing for partial transfers. So if you wanted to transfer just some securities and leave others in your TDA account, a partial transfer might be worth considering.

To begin the ACAT process, you’ll want to go to the new brokerage firm and fill out a transfer form. Today, this is usually an electronic form, which helps to speed up the process a little.

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Closing With a Wire or ACH Transfer

An alternate method to close a TD Ameritrade investment account is to first sell your positions and then use the proceeds to send a wire to an external brokerage or bank account. The primary advantage of this method is a much quicker turnaround. While the ACAT system can take weeks in some cases, wires usually take just one or two days.

Wires are also usually cheaper than ACAT transfers as well. TD Ameritrade charges $25 per transfer, just one third of its ACAT charge.

A cheaper method than wire service is the ACH system. TD Ameritrade charges nothing for ACH transfers. The downside is that ACH transfers take longer than wires. At TD Ameritrade, the estimated time for wires is 1 business day, while ACH transfers are promised in 1-3 business days. TD Ameritrade also limits ACH movements to $250,000 per transfer.

Once you have received your funds via wire or ACH, you’ll need to reach out to a TD Ameritrade representative and request your account be closed. While it is possible to walk away with a $0.00 balance, we don’t suggest doing this for safety reasons.

How to Contact TD Ameritrade

Okay, so now you have no funds in your account, and you need to close it. There are several ways that you can contact TD Ameritrade. One possibility is to call the brokerage house at 800-454-9272. An agent can be reached day or night.

Another route is to send an internal message to the company through its website. The necessary page can be found by clicking on ‘Client Services’ in the top menu and then selecting ‘Message Center.’ Here, you’ll be able to compose a request.

If you have multiple accounts, be sure to select the one you want to close at the very top of the website with the drop-down menu. Once you have the right account selected, you won’t need to submit your account number because it’s automatically populated in any message you send.

A third method would be to snail mail a request closure. TD Ameritrade’s standard delivery address is:

TD Ameritrade PO Box 2229 Omaha, NE 68103-2717

The broker’s overnight delivery address is:

TD Ameritrade 200 South 108th Avenue Omaha, NE 68154-2631

The fourth and final method is to visit one of TD Ameritrade’s 300+ brick-and-mortar offices and submit your closure request in person.

Pull Funds Out by Check or Debit Card

TD Ameritrade offers a free debit card and set of checks with each brokerage account. You could liquidate your holdings and then use the cash proceeds to pay bills until the account was drained. It is also possible to contact the broker and request a check be sent to you for the full account value.

Alternatives to TD Ameritrade

If you’re leaving TD Ameritrade, other brokers that are very competitive include Ally Invest, who has a lower commission schedule (and offers forex trading).

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