Already a Schwab client?

Here's what you need to know about transitioning from TD Ameritrade to Schwab.

 

Rest assured, there's little you need to do.

We'll keep you informed at every step about your TD Ameritrade account moving to Schwab.

  • About a month before your transition, you'll be able to preview the TD Ameritrade accounts moving to Schwab in your messages on Schwab.com.
  • You won't need to create a new Schwab Login ID or password.
  • We'll create a new Schwab account for every TD Ameritrade account you have. Once your move is complete, go to Schwab.com or the Schwab Mobile app and use your existing Schwab login info to access all your Schwab accounts.
     

While we'll be taking care of the move for you, here are a few things you can do.

  • Log in to your TD Ameritrade account and make sure your client profile information is up to date. You’ll need to take this action at least one month before your transition weekend.
  • If you're interested in combining similar TD Ameritrade and Schwab accounts after your account transition is complete, review the information below.
  • Review a list of more optional actions you can take

Combining accounts: What you need to know.

You can combine accounts after your move is complete if: 

  • The accounts are the same type (for example: individual to individual, joint to joint, traditional IRA to traditional IRA). 
  • The accounts have the same owners, trust, and/or other registration.
     

Things to keep in mind:

  • You'll need to choose which account you want to keep and transfer your assets to that account. The other account will need to be closed.
  • You'll lose the following for the account that's closing:
    • Account history and documents (We recommend downloading and saving any historical documents you may want or need prior to closing the account.)
    • Trading features such as options, margin, and futures/forex
    • Payment features like checkwriting, debit cards, and bill pay
    • Move money instructions
    • Negotiated rates
    • Open orders
    • Automated Investment Plan (AIP) instructions
  • If you don't have the desired trading features and/or payment features on the account that you have chosen to keep, you'll need to reapply for these features. Similarly, you'll also need to set up move money instructions, AIP instructions, and open orders that you had on the closed account for the account you'll be keeping. 
  • For retirement accounts, the IRS holding period will not change: The beginning date for the holding period will remain the first tax year you made a contribution.
     

Ready to take the next steps to combine your accounts? 

  1. First, save any financial statements and documents for the account you'll be closing. Log in to Schwab.com and go to the Accounts tab and select Statements. Or log in to the Schwab Mobile app, click on your profile button in the top left, and select Statements under the Documents section.
  2. Go to the Move Money tab, click Transfers and Payments, and transfer all cash and positions from the account you're closing to the account you're keeping. 
  3. Finally, to close the account, call a Schwab representative at 800-435-4000.
  4. Watch your email inbox or log in to tdameritrade.com or the TD Ameritrade Mobile app regularly for updates. 

 

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