Ameritrade can now support direct electronic transfers

It’s Marci this week updating you on new functionality available at Ameritrade.   In the past, if you wanted to transfer money between your checking account and your Ameritrade account, you either had to write a check or utilize your bank’s bill pay service.  Mail and processing times are slow and we sometimes heard from clients who were concerned about the possibility of lost or stolen checks. 

Ameritrade now has the capability to establish an electronic connection to your checking or savings account and then enable you to initiate a transfer in either direction through your advisorclient.com login.  

If you’d like to set up this new capability, let us know.  We will provide you with the application that is required to establish the connection and then we will enable your advisorclient.com screen to process a transfer request.