How to Transfer a TD Ameritrade Account to JP Morgan Chase (and The Other Way) in 2022

Step-by-step instructions on how to move account, stocks, and other assets between TD Ameritrade and JP Morgan Chase. How much does a transfer cost and how long does it take.

Here’s How to Move a JP Morgan Account to TD Ameritrade, and in the Other Direction

If you have a brokerage account with J.P. Morgan Investing, you can transfer it to TD Ameritrade. And if you’re at TD Ameritrade, you can move your account in the opposite direction. There are some important caveats, so keep reading.

Self-Directed Investing vs. Automated Investing

J.P. Morgan Investing offers both self-directed and robo accounts. The brokerage firm calls the latter type automated investing. Whatever you want to call them, it’s not possible to transfer a managed account to another firm or even to a J.P. Morgan self-directed account. So if you want to move a brokerage account from J.P. Morgan to TD Ameritrade, it will need to be of the self-directed variety.

TD Ameritrade no longer offers robo accounts. If you have a legacy account opened before the service was discontinued, you might be able to transfer it into a J.P. Morgan Automated Investing account. However, J.P. Morgan Investing will sell off any securities that aren’t part of its investment philosophy. Only J.P. Morgan funds are used in the company’s digital advisory package, so just about everything would be sold off.

While robo account transfers have many roadblocks, transferring self-directed accounts between these two firms is easy thanks to user-friendly online tools. Here are the details:

General Overview

To perform an electronic transfer from one brokerage house to another, just follow these easy steps:

1. Open a new account first with the broker you want to trade with. This is an obvious requirement, but you may want to do it first just in case it takes longer than expected to get the account open.

2. Prepare your old account for the move. This means getting rid of any assets that the new firm won’t accept, and any assets that can’t be moved in an electronic transfer (cryptos, futures, and forex). Margin balances also have to be removed.

3. Request the transfer online with the new broker-dealer.

Going from J.P. Morgan Investing to TD Ameritrade

Obviously, the first thing you need to do is open a TD Ameritrade account. That’s really easy to do. Just click on the green Open New Account link at the top of the TD Ameritrade application page: Get $0 commissions and ACAT fee reimbursement. Be sure to open a margin account if you plan to move any derivatives spreads over.

To move a J.P. Morgan Self-Directed Investing account to TD Ameritrade, click on the My Account link at the top of the classic TDA site. If you’re on the newly designed website, you’ll see a tab that says Transfers. Click on this and you’ll get a drop-down menu with this link: From Another Brokerage.

On either platform, you’ll get the same electronic transfer form. Simply fill in the requested information and choose full or partial transfer. A full transfer will close your J.P. Morgan Investing account, while a partial will allow you to move specified holdings while leaving other positions.

Transfer Chase account into Ameritrade

J.P. Morgan Investing does charge $75 for an outgoing transfer, and this fee applies to both full and partial transfers. Thankfully, TD Ameritrade will reimburse this fee with just a small amount of work on your part. Simply contact TD Ameritrade, request to be reimbursed for this fee, and submit an account statement from J.P. Morgan Investing that shows the fee.

Open TD Ameritrade Account

Get $0 commissions and ACAT fee reimbursement.

Open TD Ameritrade Account

Going from TD Ameritrade to J.P. Morgan Investing

To go in the other direction, we need to start with J.P. Morgan Investing. An account can be opened with just a few minutes of your time thanks to the broker’s convenient online application form.

Once you have your J.P. Morgan Investing account open, you need to prepare your TD Ameritrade account for the upcoming transfer. This means getting rid of margin balances and any position that requires margin. J.P. Morgan Investing does not offer margin accounts. Also, don’t try to transfer forex positions or futures contracts.

Some mutual funds available through TD Ameritrade may not be available at J.P. Morgan Investing. You can check on the J.P. Morgan Investing site if a mutual fund you have at TDA is available or not. If you have a fund at TDA that’s not available at J.P. Morgan Investing, contact the latter broker to ask if they’ll accept it.

With your TD Ameritrade account prepared, it’s time to move to the third step, which is the transfer request. Log into your new J.P. Morgan Investing account and click on the three horizontal lines in the upper-left corner of the site. This is the menu icon. Next, you’ll see a heading that says Pay & transfer. In this section, click on the link that says Transfer securities.

Another page will be generated with a couple of links. Choose this one: From an external financial institution.

J.P. Morgan Investing’s site has a few decent tools on it, one of which is the ability to link an external financial account. You can link your TD Ameritrade account for easier moving if you’re willing to enter your login credentials on J.P. Morgan’s site.

Transfer Chase account into Ameritrade

Another method is to go through the Begin transfer link (highlighted in blue on JPM’s site). If you choose this method, you’ll need to enter your TD Ameritrade account number and supply a little bit more information.

Finally, J.P. Morgan Investing has a link to a pdf transfer form at the bottom of the online transfer page if you want to fill it out the old-fashioned way and snail mail it back in.

TD Ameritrade does charge $75 for an outgoing full transfer. Partial transfers are free. Unlike TD Ameritrade, J.P. Morgan Investing does not reimburse other brokers’ transfer fees.

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How Long Does a Transfer Take?

Transferring a brokerage account electronically typically takes anywhere from 6 to 8 business days. If you were to use J.P. Morgan Investing’s paper form mentioned above, the process would take an extra week easily. Filling out any form incorrectly or not supplying paperwork or information a broker has requested will also delay a transfer.

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