2022 TD Ameritrade debit card interest rate, Visa awards, bill paying, check-writing, free ATM withdrawals, $0 annual fee credit card, and 10% bonus.

TD Ameritrade Debit Card

With so many new options popping up for brokerage accounts, established brokers, like TD Ameritrade, are trying to find ways to offer additional value to set themselves apart from the competition. One of TD Ameritrade’s newest features - their cash management service – does just that. It allows you to access and use the cash in your TD Ameritrade brokerage account as if it was a checking account. This article will take a closer look at TD Ameritrade’s brokerage-linked debit card and the convenience it offers.

TD Ameritrade Debit Card

How Does the TD Ameritrade Debit Card Work?

The TD Ameritrade debit card works just like any other debit card linked to a checking or savings account, except this one is linked directly to your TD Ameritrade brokerage account. The card lets you access the cash in your brokerage account whenever you need it for bill paying, check-writing, everyday purchases, and of course, ATM withdrawals.

Open TD Ameritrade Account

Open TD Ameritrade Account


Everyone can relate to the inconvenience of needing to transfer funds between checking and brokerage accounts (and waiting for the money to settle) in order to pay off a bill or buy some stock on a down day in the market. We are often faced with the dilemma of making sure there’s enough cash in our checking account to service our monthly expenses, but also want to make sure any idle cash can be quickly deployed to our brokerage account to invest. TD Ameritrade wants their debit card to solve this dilemma, to make it easier for clients to manage all their finances – both their investments and their day-to-day cash transactions.

Cash Sweep Vehicles

The idle cash (cash that’s not invested in the market) that you keep in your TD Ameritrade brokerage account will automatically be swept into the cash vehicle of your choice, where it will earn interest and still be safe, liquid and accessible to you whenever you want to use it. The default cash vehicle, “TD Ameritrade Cash”, provides SIPC coverage for cash balances up to $250,000, and the second option, an “FDIC Insured Deposit Account (IDA)”, provides FDIC coverage for up to $500,000 of cash per depositor. Both options pay interest and keep your money ready and waiting for you to deploy at moment’s notice.

TD Ameritrade Debit Card Fees

The best part is TD Ameritrade doesn’t charge you any fees for this additional service – it’s completely free. There are no monthly maintenance fees or account minimums. You can setup recurring online bill payments for free. TD Ameritrade will also reimburse you for any ATM fees you incur nationwide.

TD Ameritrade Debit Card Summary

The TD Ameritrade debit card is a simple, yet effective solution to one of the common inconveniences investors face when needing to plan out their finances to meet short-term commitments across multiple bank accounts without wanting to sacrifice too much flexibility. With free checks and bill pay, and reimbursable ATM fees, this service is just as good (if not better) than the features of most standard checking accounts. Now investors can finally leave that idle cash in their brokerage account, ready to deploy at moment’s notice, and not worry about having sufficient funds available to pay the monthly bills.

TD Ameritrade Review and Rating

4.5-star brokerage firm rating

Open TD Ameritrade Account

Open TD Ameritrade Account

Continue Reading