Does TD Ameritrade offer ACH, Wite Transfers (domestic, international), and Physical Check Writing service?

Transferring Money with a TD Ameritrade Account

Although TD Ameritrade is a brokerage account provider, they also offer their clients a number of options when it comes to moving money around to and from their account. This is helpful for investors that like to have enough idle cash in their broker account, or a way to move it their quickly, to deploy when short-lived opportunities present themselves. This article will go over these different services that are available to the TD Ameritrade investor.


TD Ameritrade ACH Transfer


TD Ameritrade ACH Transfers

ACH transfers are probably the most common way to move money into and out of your TD Ameritrade brokerage account simply because they are relatively quick and entirely free. As long as TD Ameritrade receives your ACH transfer request by 4:30 PM (either deposit or withdrawal) it will be processed the next business day and then will take one to three days to settle.

For ACH deposits, you can use the funds as soon as they post to your account to buy most marginable securities, however Ameritrade may make you wait for the funds to settle before using them to buy riskier securities (like OTC stocks).


TD Ameritrade Wire Transfer


TD Ameritrade Wire Transfers

You can also move money to or from your TD Ameritrade account via wire transfer. This option is generally a bit faster than an ACH transfer, with domestic wire transfers generally settling within one business day. All wire requests received by TD Ameritrade by 3:00 PM will be processed same day, and therefore your funds will be available to you to invest sooner.

TD Ameritrade charges a flat $25 for outgoing wires but doesn’t charge any fees for inbound wires, however your receiving/sending bank may.


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TD Ameritrade Debit Cards

TD Ameritrade also lets you access the cash in your brokerage account with a TD Ameritrade debit card free of charge. The debit card can be used anywhere Visa is accepted and can also be added to Apple Pay.

Other perks include TD Ameritrade reimbursing you for any ATM fees that are incurred by the card within the United States and the ability to setup automatic bill payments.


TD Ameritrade Checks

TD Ameritrade also allows you to order checks linked to your TD Ameritrade account free of charge (re-orders are in books of 100). This option adds even more versatility to your TD Ameritrade account, as now it essentially doubles as a checking account. This allows you to leave extra cash in your brokerage account to deploy in the market at moment’s notice, while also having instant access to it via your TD Ameritrade debit cards and checks.


TD Ameritrade ACH, Wire Transfers Summary

In conclusion, TD Ameritrade is making it easier than ever before for investors to use their brokerage account not only for investing but also to do all the things they would typically do with a basic checking account. You no longer need to worry about letting extra cash sit in your brokerage account waiting for those market opportunities where quick timing is everything. Now that same cash can be used to pay bills, buy lunch, and go shopping - it can be accessed as if it never even left your checking account.


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