Does TD Ameritrade Reimburse ACAT Fee?
So you’ve heard some good (maybe even some great) things about TD Ameritrade’s investment platform
and services and so you log into your current brokerage account to see what’s involved in
transferring your portfolio. Everything seems pretty straightforward, but then you notice the
outgoing ACAT fee your broker charges for the transfer and suddenly you’re less excited about the
whole idea. Well, fear no more, because TD Ameritrade will actually
reimburse you for your current broker’s ACAT transfer fee.
Brokers That Refund ACAT Fee
ACAT Fee Reimbursements at TD Ameritrade
If you transfer your portfolio from another broker to TD Ameritrade, they will reimburse you for the
outgoing ACAT fee that your current broker charges. They will reimburse you for up to $150 for this
fee, which should be more than enough to cover what most brokers charge for this service. As a
reminder, TD Ameritrade doesn’t charge any incoming ACAT fees, so there shouldn’t be any net cost to
you when transferring an account to TD Ameritrade.
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How Do I Get the Reimbursement?
All you need to do to qualify is mention you would like to be reimbursed for the fee when you call to setup the ACAT transfer (we didn’t see this advertised on TD Ameritrade’s website, but were happily given all the details when we called a live agent and asked) and submit the required supporting documents. The supporting paperwork will just be a copy of the statement/receipt from your current broker showing the brokerage firm, your name, your account number, and the amount of the ACAT fee you paid.
Can I Get the Reimbursement and Still Do Their New Account Promo?
Next, you may be wondering if you can still take advantage of TD Ameritrade’s new account promotional offer
if you also receive an ACAT fee reimbursement. We talked to a TD Ameritrade agent and confirmed that you can still take advantage of their new
account promotional offer and also receive the ACAT fee reimbursement. For those who are not familiar with their current promotion, we’ll summarize it below.
Are There Any Exclusions?
Unfortunately, Keogh plans, tax-exempt trusts, 401(k) plans, money purchase plans, and profit sharing plans do not qualify for this promotional offer.
TD Ameritrade ACAT Transfer Fee Reimbursement Summary
If the ACAT fee was the only thing keeping you from pulling the trigger on moving your taxable portfolio over to TD Ameritrade, you shouldn’t have anything else holding you back now. TD Ameritrade reimburses these fees charged by the outgoing broker up to $150, which is more than enough to cover the fee at most brokers. And the icing on the cake… receiving this reimbursement doesn’t prevent you from also taking advantage of their new account promotional offer and cash bonus.
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