Is it possible to move cash from TD Ameritrade to Interactive Brokers?
Is it possible to move cash from TD Ameritrade to Interactive Brokers?
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user122716 · External communityPost link
External question — Personal Finance Stack Exchange
Author: user122716
Original post: https://money.stackexchange.com/questions/156580
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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If I have cash to move, do I have to use a bank account between my brokerage accounts
or it it possible to move cash from TD Ameritrade to Interactive Brokers?
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user187 · External communityPost link
External answer — Personal Finance Stack Exchange
Author: user187
Original post: https://money.stackexchange.com/a/156860
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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Nearly all brokers offer checkbook access to your brokerage account. Therefore many people don't have checking at a traditional bank. IB should be able to provide the online paperwork to move money from an external account.
Typically the receiving broker is more easy to work with that the brokers losing the deposit.
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Bob Baerker · External communityPost link
External answer — Personal Finance Stack Exchange
Author: Bob Baerker
Original post: https://money.stackexchange.com/a/156879
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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Hover the mouse over MY ACCOUNT. A sub menu opens. Under DEPOSITS AND TRANSFERS, click on WITHDRAW. You will see:
Transfer money to your bank (ACH) 1-3 business day
Wire transfer 1 business day
Check withdrawal 2-5 business days
Select WIRE TRANSFER
Under TO OUTBOUND WIRE CONNECTION, select CREATE OUTBOUND WIRE CONNECTION and follow the instructions to establish the link. There may be a fee. If so, you can avoid it by sending the money to your bank (ACH) and then from your bank to IBKR. Also, check out what IBKR allows.
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Quoted from Forex.com.bd-Editorial External answer — Personal Finance Stack Exchange Author: Bob Baerker Source score (net votes, not local likes): 0 Original post: https://money.stackexchange.com/a/156879 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. Hover the mouse over MY ACCOUNT. A sub menu opens. Under DEPOSITS AND TRANSFERS, click on WITHDRAW. You will see: Transfer money to your bank (ACH) 1-3 business day Wire transfer 1 business day Check withdrawal 2-5 business days Select WIRE TRANSFER Under TO OUTBOUND WIRE CONNECTION, select CREATE OUTBOUND WIRE CONNECTION and follow the instructions to establish the link. There may be a fee. If so, you can avoid it by sending the money to your bank (ACH) and then from your bank to IBKR. Also, check out what IBKR allows.
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