Close TD Ameritrade account following these steps

I’m not sure why you want to close your TD Ameritrade account.

But this post promises to share with you the steps to follow to close TD Ameritrade account permanently.

So if you have been searching for how to close TD Ameritrade account, this post is just perfect for you.

But I don’t think it is necessary to close your TD Ameritrade account.

You do not need to close your position since you can simply transfer your holdings to another company without liquidating.

Tax-wise, this is very likely to be a bad option to consider.

TD Ameritrade is a well-known online trading and investment platform that allows you to buy and sell financial products.

To be able to use the TD Ameritrade platform, you must first sign up for an account.

It can be a checking account, savings account, or brokerage account.

It’s simple to open an account with TD Ameritrade.

Closing an account with the company, on the other hand, is a little more complicated.

Of course, that is why this post is on the internet to breakdown the complexity

As one of the TD Ameritrade requirements for the closing of accounts, you are to exhaust the fund in your account before you can close it.

After all, no one will want to close his account with some funds in it.

Though in most cases, their policies might be different.

So before you proceed, you will have to empty your account before you can advance to the next level.

If you don’t have an immediate need to use the funds in the account you wish to close, you can either ask them to write you a check or transfer the fund to another account.

So before you conclude your plans of closing your TD Ameritrade account, you will also need another company that will substitute TD Ameritrade.

Else, there will be nowhere to send your funds to.

Closing TD Ameritrade account costs nothing.

Leaving your account active will only incur charges for you.

So there is no need to leave the account active if you have withdrawn all your funds from it.

Enough of the stories, let’s go straight to the steps you can follow to close your TD Ameritrade account.

Close TD Ameritrade account

As said earlier, before closing TD Ameritrade account, you must, first of all, withdraw all the funds from your account.

Once you have withdrawn everything from the account, you can use one of the following options to effect the closing of your account.

  • Writing a letter
  • Visiting the local branch
  • Or contact the company directly on the phone

Send a written letter to the headquarters or take a walk to your local branch.

You can also reach out to TD Ameritrade’s Client Services.

Those are the proven steps to follow to close TD Ameritrade account.

Which other method have you used or did this work for you?

Be kind enough to leave a comment.