Are TD Ameritrade Deposits Instant

Are TD Ameritrade Deposits Instant?

Sometimes you see an opportunity in the market and you need to act fast. But what if you want to invest more money than your account holds? That’s where instant deposits come in. They’re ideal for having your funds cleared fast. But if you’re a TD Ameritrade customer or you’re thinking of going with that broker, you may ask yourself: are TD Ameritrade Deposits Instant?

No, TD Ameritrade Deposits are not instant. It usually takes 1 to 3 hours for your funds to clear after a wire transfer if you have a domestic account and about 1 to 2 days for an international one. If you have a domestic account (US citizen), however, you can fund your account and get your funds cleared within minutes through a mobile check.

In this article, I’d like to show you a couple of fast ways to fund a TD Ameritrade account, how you can get close-to-instant deposits with a mobile check, and talk about some limitations.

Let’s get into it right away…

The 2 Ways To Fund a TD Ameritrade Account as Fast As Possible

Let’s take a look at the two fastest options to fund a TD Ameritrade account and go into a bit more detail…

Wire Transfer from your Bank Account:

This is the most common way to fund a brokerage account.

When you give the order to transfer your funds, the amount will be in “pending” status which means that they haven’t been sent yet. For the transaction to be completed, you will need to wait for 1 to 3 hours after wiring.

After the transaction is complete, TD Ameritrade will allow you to immediately use it to trade any security you want.

Mobile Check:

If you want to have a near-instant deposit, you need to fund your account via a mobile check.

Your funds will be cleared within minutes and you will be able to trade most securities afterward.

Now, I said “most” because one limitation with the mobile check method is that it can take up to 4 business days till you’re able to trade stocks and options that are priced under $5 per share.

The other limitation is that you won’t be able to withdraw your money right away and it too might take up to 4 days until you are.

How To Deposit to TD Ameritrade through a Wire Transfer

Now, let’s see the process of depositing money to TD Ameritrade through a wire transfer.

Note: If you’re a new customer, remember that you should first wait for a notification by the broker that your account’s opened before you deposit.

For domestic (US) accounts:

  • The bank to which you will be depositing the money is Wells Fargo, NA
  • The Address is “420 Montgomery Street (San Francisco, CA 94104)”
  • The ABA transit routing number is “121000248”
  • For Credit To: “TD Ameritrade Clearing, Inc.”
  • The account number is “4123214561”
  • For Benefit of: Your 9-digit TD Ameritrade account number, your name, and address

For international accounts:

  • The bank to which you will be depositing the money is “First National Bank of Omaha”
  • The Address is “16th & Dodge Streets (Omaha, NE 68102)”
  • The ABA transit routing number is “104000016”
  • The SWIFT code is: “BIC: FNBOUS44XXX” (only in case it is required by your bank)
  • For Credit To: “TD Ameritrade Clearing, Inc.”
  • The account number is “16424641”
  • For Benefit of: Your 9-digit TD Ameritrade account number, your name, and address

How To Deposit to TD Ameritrade through a Mobile Check

Now, let’s see how you can deposit through a mobile check…

Let’s start with a mobile device:

  1. First, download and open the TD Ameritrade mobile app
  2. Sign in
  3. Now, tap “More”, then “Deposit Check”, and last “Deposit Checks”.
  4. Select the account to which you intend to deposit, enter an amount, and select “Take a check photo”.
  5. Afterward, use the automatic check capture feature and take photos of both sides of your check.

How Do Instant Deposits Work?

After learning how fast a domestic wire transfer and a mobile check are with TD Ameritrade, you might wonder how much faster instant deposits actually are.

Well, they’re literally instant… Your funds may not clear right away. But when the broker who supports this service is notified that you initiated a transfer, you can get to use the amount of that transfer immediately.

This happens because the broker gives you credit that you actually pay back once the transfer is complete. It’s basically like trading on margin but without suffering any interest rate.

Conclusion

As I already told you, TD Ameritrade doesn’t offer instant deposits. But with a mobile check, you can use your funds to trade within minutes, so it’s going to do the job for most traders.

If you have an international account, however, you’re completely out of luck. The fastest way to transfer money to TD Ameritrade will be a wire transfer. And this is going to take up to 4 business days to be completed.

At this point, I want to thank you for taking the time to read this and I hope it answered your question. If it did, please take a moment to share it through social media. Also, let me know if you have any more questions by leaving a comment below.

Take care for now…


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