How to Close or Transfer a Tradier Account in 2024
Tradier Account Cancel Fee
Tradier does not charge a fee to close a taxable brokerage account, unless you are transferring the account to another broker (details below).
For IRA accounts, there is a $60 termination fee at Tradier.
Tradier ACAT Fees
If you choose to transfer your Tradier account to another online broker using the ACAT system, Tradier will charge a $75 fee for the transfer. If you transfer your account to
Webull, they will cover Tradier's ACAT fee.
How to Close a Tradier Account
If you’re ready to close your Tradier brokerage account, there are a few different ways to do it. We’ll provide some clear instructions for each option.
Automated Customer Account Transfer (ACAT)
One of the easiest ways to close a Tradier investment account is by using the ACAT system. With ACAT, you can transfer your entire brokerage account from one firm to another. Once the transfer is complete, your original account will automatically close. This option is great if you don’t want to sell any securities and simply want to move from one broker to another.
While the ACAT system is convenient, it’s usually the most expensive option. Tradier charges $75 for its side of the transfer, while the receiving firm usually charges nothing.
Tradier also charges $75 for partial transfers. So if you only want to move some securities and leave others in your Tradier account, a partial transfer could be a good choice.
To start the ACAT process, visit the new brokerage firm and fill out a transfer form. Nowadays, this is usually done electronically, which helps speed up the process.
Best Tradier Alternatives
Closing With a Wire or ACH Transfer
Another way to close a Tradier investment account is to sell your positions first and then send the proceeds via wire transfer to an external brokerage or bank account. This method has a quicker turnaround. While the ACAT system can take weeks, wires usually take just one or two days.
Wires are often cheaper than ACAT transfers as well. Tradier charges $25 per wire transfer, which is only one-third of its ACAT fee.
A less expensive option than wire service is the ACH system. Tradier does not charge for ACH transfers. However, ACH transfers take longer than wires. At Tradier, wires are estimated to take 1 business day, while ACH transfers take 1-3 business days. Tradier also limits ACH transfers to $250,000 per transaction.
Once you’ve received your funds via wire or ACH, you’ll need to contact a Tradier representative to request that your account be closed. Although it’s possible to leave the account with a $0 balance, we recommend closing it for safety reasons.
How to Contact Tradier
Once your account has no funds left and you need to close it, you have several ways to contact Tradier. One option is to call the brokerage at 980.272.3880. An agent is available day or night.
Another option is to send an internal message through the company’s website. You can find the necessary page by clicking on ‘Client Services’ in the top menu and then selecting ‘Message Center.’ Here, you can compose your request.
Updated on 8/31/2024.
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