Key takeaways about your transition to Schwab
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No action is necessary—your TD Ameritrade brokerage
account ending in XXXX will automatically and securely transition to Schwab at no cost to you, on or about Tuesday, May 30, 2023. On that date, you'll become a client of Schwab, and Schwab will become the custodian of your
account.
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You'll be able to access, trade in, and withdraw cash from your TD Ameritrade
account through Friday, May 26, 2023, at 8:30 p.m. ET. After that, you won't be able to access your
account. Your assets (cash and securities positions) will be moved to Schwab over your transition weekend. You'll be able to trade and otherwise transact in your Schwab
account on Tuesday, May 30, 2023.
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Your
account will be enrolled in Schwab's Cash Features Program, and the cash feature assigned to your
account will be changed from the TD Ameritrade FDIC Insured Deposit
Account (IDA) to the Schwab Bank Sweep.
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You can choose not to move your
account to Schwab ("opt out") by either liquidating your
account or moving your assets to another broker-dealer. TD Ameritrade will not charge Outbound Full
Account Transfer fees. See important details and dates below.
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The Schwab Transition Center has been set up to further support your transition to Schwab and will show specific information on your transition to Schwab, including what's moving, key dates, and FAQs.