Comments on: TD Ameritrade Ending their business with NZ Clients

By: Fergus Young

Fergus Young — Sun, 22 Jan 2023 04:06:51 +0000

Was able to transfer my account to Interactive Brokers using ACATS. Was concerned the middle initial in my account title may cause issues. Turns out this did not present a problem.

By: Mei

Mei — Fri, 19 Nov 2021 21:23:20 +0000

In reply to Kevin. I did full ACATS transfer to IB and yes TDAmertitrade charges $75 for full transfer but they reversed the transaction after I rang them about the issue (the company's stand on NZ market)

By: Paul Burt

Paul Burt — Sun, 17 Oct 2021 08:13:32 +0000

In reply to Kevin. Thanks for your reply and info Kevin, I've bee putting it off, must get back onto it :-) ,

By: Fergus Young

Fergus Young — Sat, 02 Oct 2021 20:23:47 +0000

In reply to Kevin. Cheers for the Pointers Kevin. Indeed, got my self snagged in relation to the middle initial bit during the process. Will try and get back to sorting this sometime by the end of the month.

By: Kevin

Kevin — Sat, 02 Oct 2021 01:33:20 +0000

Also be aware that Ameritrade charges $75 for a full ACATS transfer but nothing for a partial transfer. It makes sense to leave some nominal holdings at Ameritrade. Either cash those out after transferring everything else, or (as Ameritrade have indicated that you can) leave the account open.

By: Kevin

Kevin — Fri, 01 Oct 2021 23:29:36 +0000

Yes, I’ve done a partial transfer from Ameritrade to InteractiveBrokers.

The AML dance is the painful part. They rejected my documents three times. There are a few gotchas. Don’t give them your full name, if you don’t have all the ID you need with your full name on. If your bank uses your middle initials rather than your full name they’ll reject it. Make sure that the account name they generate is EXACTLY the same as your Ameritrade account name otherwise they’ll reject the transfer request.

ACATS itself is scarily easy it doesn’t require any verification at the Ameritrade end.

By: Paul

Paul — Wed, 29 Sep 2021 23:19:39 +0000

Hi, Anyone jumped through the hoops and transferred their account successfully?
I see above tastyworks, Interactive Brokers, Stake mentioned.

By: Steve Hall

Steve Hall — Wed, 15 Sep 2021 03:01:23 +0000

In reply to Fergus Young. Call their Oz number, you will be able to speak with someone

By: David Carr

David Carr — Wed, 25 Aug 2021 19:42:17 +0000

As anyone looked at moving to Stake?

Does anyone know if they are any good.

By: Fergus Young

Fergus Young — Wed, 25 Aug 2021 08:34:19 +0000

In reply to Warren. Hi Warren, Indeed. Currently trying to set up with Interactive Brokers. Appears one might be able to shift the account from TD Ameritrade using "ACATS", however getting a hold of a human at Interactive Brokers has been kind of difficult.