ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How To Close TD Ameritrade Account

Updated on March 5, 2011

Closing a TD Ameritrade Account

Occasionally, there is some confusion as to how to close a brokerage account. With a standard bank account, typically you go down to the bank in person or call customer service, or even write a letter telling them to close your account. They will send you a check for the remaining balance at that time.

But, with a brokerage account, things can be a little different. This is primarily because assets which may be invested cannot simply be "sent" to the account holder. Rather, they must either be liquidated first, or transferred in kind to another financial institution, neither of which can be done based on the "implicit" authority of an account close request. Thus, closing a TD Ameritrade account or other brokerage account involves transferring the contents of the account.

Transferring the account is done via a form from the financial institution that the account will be transferred to. There is generally no form available from the current brokerage that can be used to transfer the money away to another institution.

Steps to Close TD Ameritrade Account

Step 1

Determine what type of account is to be closed and what assets are currently in it. IRA accounts and other qualified accounts must be transferred to like accounts. If it is a margin account and any margin positions exist, the account must be transferred to an account already approved for margin.

Step 2

Obtain an account transfer form from the financial institution where you want to transfer your assets. You may use the TD Ameritrade Internal Transfer form, if you will be transferring your account to another TD Ameritrade account.

Step 3

Complete the transfer form including the current account number and other required information. Invested assets may either be liquidated (sold) and the cash transferred or wired to another account, or assets may be transferred in kind to a new brokerage account.

Step 4

Select "Total Transfer" on the asset transfer form. An account can only be closed if it is empty.

Step 5

Submit the transfer form to the the financial institution where the funds will be transferred to. The receiving firm will then initiate the transfer with TD Ameritrade.

Step 6

Verify all assets are transferred to the new firm. Contact the new brokerage firm, or login to your account in case of an online broker, and review all balances and positions to ensure that the holdings and number of shares match the balances from the old account.


    0 of 8192 characters used
    Post Comment

    • Hub Llama profile imageAUTHOR

      Hub Llama 

      8 years ago from Denver, CO


      You have crossed the line into "it depends" land. It depends on which country, which bank, what kind of account the receiving account is, and so on.

      Way more than can be covered in a hub.

      As a general rule, the closer you are to all of these parameters: Western Europe, Canada or Japan + Major National Bank + Regular Personal Account = more likely.

    • profile image


      8 years ago

      what about wire transfer out of TD Ameritrade account to bank outside of USA .


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)