How to Cancel or Transfer a Tradier Account in 2024
Tradier Account Cancel Fee
Tradier does not charge an account closure fee for a taxable brokerage account, unless you are closing
an account by moving it to another broker (see below).
IRA accounts have a $60 termination fee at Tradier.
Tradier ACAT Fees
If you decide to transfer your Tradier account to a different online broker with ACAT, Tradier will
charge you a $75 fee for an account transfer. If you move your account to
Webull,
they will cover Tradier's ACAT fee.
How to Close a Tradier Account
If it’s time for you to close your Tradier brokerage account, there are several avenues to go about
it. We’re going to give you some pointers with clear instructions for each route.
Automated Customer Account Transfer (ACAT)
We’re going to start with what we think is the easiest method to close a Tradier investment account.
With the ACAT system, you can transfer an entire brokerage account from one firm to another. When
the transfer is complete, the original account is automatically closed. This is a good option if you don’t want to sell any securities, and you’re only interested in moving from one broker to another.
While the ACAT system is very convenient, it is also usually the most expensive. Tradier charges $75 for its side of the transfer. Receiving firms normally charge nothing.
Tradier charges $75 for partial transfers. So if you wanted to transfer just some securities and
leave others in your Tradier account, a partial transfer might be worth considering.
To begin the ACAT process, you’ll want to go to the new brokerage firm and fill out a transfer form.
Today, this is usually an electronic form, which helps to speed up the process a little.
Best Tradier Alternatives
Closing With a Wire or ACH Transfer
An alternate method to close a Tradier investment account is to first sell your positions and then use the proceeds to send a wire to an external brokerage or bank account. The primary advantage of this method is a much quicker turnaround. While the ACAT system can take weeks in some cases, wires usually take just one or two days.
Wires are also usually cheaper than ACAT transfers as well. Tradier charges $25 per transfer, just one third of its ACAT charge.
A cheaper method than wire service is the ACH system. Tradier charges nothing for ACH transfers. The downside is that ACH transfers take longer than wires. At Tradier, the estimated time for wires is 1 business day, while ACH transfers are promised in 1-3 business days. Tradier also limits ACH movements to $250,000 per transfer.
Once you have received your funds via wire or ACH, you’ll need to reach out to a Tradier representative and request your account be closed. While it is possible to walk away with a $0.00 balance, we don’t suggest doing this for safety reasons.
How to Contact Tradier
Okay, so now you have no funds in your account, and you need to close it. There are several ways
that you can contact Tradier. One possibility is to call the brokerage house at 980.272.3880.
An agent can be reached day or night.
Another route is to send an internal message to the company through its website. The necessary page
can be found by clicking on ‘Client Services’ in the top menu and then selecting ‘Message Center.’
Here, you’ll be able to compose a request.
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