![]() Regular support, and account service and support, phone features are available 24/7. You can also receive help over the phone through the following numbers: TD Ameritrade’s app is available for iOS (4.5 stars out of 5 on the App Store) and Android (3.3 stars out of 5 on Google Play).įor in-person support, TD Ameritrade also operates more than 175 physical branches across the U.S. Customers can access cash management tools, deposit checks and manage investment and retirement accounts through its mobile app. TD Ameritrade accounts are accessible online through TD Ameritrade’s website or its mobile app. Read our in-depth TD Ameritrade Review for details on investing and retirement accounts through the robo-advisor. TD Ameritrade also offers a variety of investment products and services, including: Other TD Ameritrade Accounts and ServicesĪs a brokerage firm, TD Ameritrade offers individual and joint brokerage accounts along with retirement accounts. The maximum FDIC coverage you can receive is $500,000 for individual accounts and $1 million for joint accounts. After you deposit money in your cash account, TD Ameritrade utilizes a sweep program to move your deposits to partner banks, with each bank offering the standard $250,000 FDIC coverage per depositor. You may want to consider, instead, keeping your money at one of the best online banks.Īs with most cash management accounts, you can protect your money in a TD Ameritrade cash account beyond standard FDIC insurance limits through the use of a sweep program. A TD Ameritrade cash management account is not the place to park your money if you want to maximize your savings. Currently, the interest rate on all balance tiers is just 0.01% APY. However, don’t expect to earn too much interest. TD Ameritrade cash accounts are interest-bearing accounts. If you want to move money over to your brokerage account to buy stock, you can do that quickly and easily in one spot. One of the perks of keeping cash in a TD Ameritrade cash management account is that it allows you to move money between TD Ameritrade accounts easily. You can also connect your debit card to Apple Pay for more payment options. There’s no need to stick to a specific ATM network. This means you can withdraw cash at any ATM in the U.S. One of this account’s standout features is unlimited reimbursement for ATM fees charged by ATM operators. Mobile check deposit on your smartphone or tablet.A complimentary debit card issued by TD Bank USA, N.A.The account also features several valuable benefits, including: There is no minimum deposit requirement and no monthly maintenance fees for the Transactional Cash account. Once a brokerage customer, you must opt in to access the Transactional Cash account. ![]() Account Basics TD Ameritrade Transactional Cash AccountĪs mentioned above, TD Ameritrade’s cash management services are an extension of its brokerage products and are available for all of its brokerage customers. Account details and annual percentage yields (APYs) are accurate as of Nov. This review provides an overview of TD Ameritrade’s Transactional Cash account, its features and benefits, and how it compares to other cash management accounts. TD Ameritrade offers two cash accounts: Transactional Cash and Investment Cash. Cash management accounts at TD Ameritrade are not separate products and require a brokerage account to access. TD Ameritrade offers cash management accounts as a part of its suite of services for its brokerage customers. At the time of this writing, the companies are still operating as independent entities. In October 2020, The Charles Schwab Corporation finalized the acquisition of TD Ameritrade Holding Corporation. TD Ameritrade is a brokerage firm offering online and in-person investment services.
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