You can use your account as normal (i.e., fund the account and place trades) until market closes on Friday 01 December 2023. All new funds will be rejected after close of the U.S. market Friday 01 December 2023. After that time, you will only be able to close existing positions.

You can call our TD Ameritrade Singapore services team to discuss what options are available to you. Please see our “Contact Us” page for phone numbers.

If you do not have a valid W8 for your account prior to closing your positions or, you may be subject to a 30% withholding tax. Please download the W-8BEN form to complete your W-8BEN information and supporting documents and send the completed form to us. Completing this form in advance will help assist in transferring your assets to a new financial institution.

When there is no valid W8 on file, we must withhold under IRS regulations. Please check that you have completed your W8 promptly. Depending on your circumstances (age of W8 expiry), TD Ameritrade Singapore may be able to return the funds to your account, or you will need to contact IRS for return of funds. Please download the W-8BEN form to complete your W-8BEN information and supporting documents and send the completed form to us.

If your account contains only cash:

• To request a wire from your TD Ameritrade Singapore account, scroll to the top of the page and click on log in at the top right-hand corner. From there click on Account Centre, then Withdrawal on the left-hand panel and expand on Wire Transfers.
   

If your account contains positions and cash and you wish to withdraw all asset via a cash wire:

• Liquidate all of your positions first and then wait for funds to settle into your account or be transferred from your futures account to your securities account. Once complete, normally within two (2) business days from the date of transaction, you can complete a full cash withdrawal as mentioned above.

Funds from trade settlement will generally be available 2 business days after the trade date.  If you are transferring cash, please wait 2 business days prior to requesting a wire transfer.

The transaction authorization code is a 4-to-6-digit code you created during the account application. If you have forgotten the code and require a reset of your transaction authorization code, you can follow the steps by clicking on the link that is available after the transaction authorization code field on the online wire transfer request page. 

If this is your first-time withdrawing funds to a particular bank account or if this is the first withdrawal request with your TD Ameritrade Singapore account, we require a recent bank statement reflecting your full name, and bank account number. This is meant to verify ownership of the bank account. You can send the statements by replying to that email or email us at funding@tdameritrade.com.sg. If you have previously withdrawn to the same bank account before, no further action is required.

1. Recent bank statement reflecting your full name, and bank account number. This is meant to verify ownership of the bank account. You can email the statements and completed form to funding@tdameritrade.com.sg . A hard copy is not required to be sent to us. Please ensure that the form is correctly filled out and signed in pen. 
   
   
2. Copy of your NRIC (front and back) with your signature and date on it.

Verbal requests will be accepted if the request is to a bank account previously used on our records. Please visit our “Contact Us” page and give us a call to complete a phone verification and our service rep will send you an email confirmation on the request.

Yes, you can. After completing the online wire transfer request, please fill out the Letter of Authorization form, which can also be found during the online request submission. You can send the form by replying to the email that you will receive after submitting the online wire transfer request or email us at funding@tdameritrade.com.sg. A hard copy is not required to be sent to us. Please ensure that the form is correctly filled out and signed in pen. Do return it with a copy of your NRIC (front and back) with your signature and date on it.

Withdrawal may be made to a bank. You will have to withdraw your funds to your bank account under your name. Do note we are unable to send funds to Wise, Revolut, forex brokers and similar money exchanges.

No, you cannot send funds to a third party. Funds must only be sent to your bank account under your name.

Wire withdrawals are normally received within 1-3 business days. However, please note that this may be extended to 1-2 weeks if additional verification is required.

For full account withdrawals of funds, TD Ameritrade Singapore will waive the transfer out fee. You can select a full account withdrawal in the withdrawal section in Account Center, by selecting the Full Account Withdrawal check box. Note we may reserve the right to charge a wire fee for partial wire withdrawal requests. Please note that you may still be subject to incoming wire charges or currency conversion fees by the receiving bank. 

No, TD Ameritrade Singapore does not issue cheques for withdrawal. 

No, TD Ameritrade Singapore only offers USD withdrawals.

No, the Singapore office does not issue cheques or offer cash withdrawal services.

Please contact your new financial institution first to initiate the TOA. Your new financial institution may require you to complete their forms, most likely via an ACAT transfer. Or they may require you to complete TD Ameritrade Singapore forms, most likely via a DTC transfer. The new financial institution can email zforeigntransfers@schwab.com to initiate the securities transfer request.

An ACAT transfer is normally the easiest and simplest method used to transfer brokerage accounts between U.S. banks and brokerages. The ACAT transfer request can be used to transfer both positions (excluding futures positions) and cash. If you wish to transfer your TD Ameritrade Singapore account to a U.S. financial institution, you can initiate an ACAT transfer request from the receiving financial institution, after successfully opening an account with them.

Generally, transfers to U.S. financial institutions are completed through the ACAT system. Asset transfers to non-U.S. institutions are done through the DTC systems and may take longer to process. Options positions may only be transferred through ACAT. 

A DTC transfer is only used to transfer fully paid securities positions (does not support margin lending, options or futures transfers). You can initiate a DTC transfer request from TD Ameritrade Singapore by filling out the “DTC Request Form-TDAS 1021 (tdameritrade.com.sg)” form. If you do not hold marginable positions or debit balances, you may withdraw cash at any time using the online withdrawal process. Otherwise, once your shares have been transferred out, you can then transfer the cash using the online withdrawal process. 

Please submit the “DTC Request Form-TDAS 1021 (tdameritrade.com.sg)” form to TD Ameritrade Singapore only after you have successfully opened an account at the receiving financial institution. We recommend speaking with your receiving financial institution first, to clarify which transfer, ACAT or DTC, option is suitable for your request.

Generally, an ACAT will be quicker and simpler for you. DTC does NOT support the transfer of margin lending, options or futures positions.

Please return the pen-signed DTC Request Form along with a copy of your receiving financial institution account statement clearly showing your full name, account number and date. You can email the statements and completed form to funding@tdameritrade.com.sg. A hard copy is not required to be sent to us. Please ensure that the form is correctly filled out and signed in pen.

These may normally be transferred as part of an ACAT transfer to a U.S.  bank or brokerage. However, you will need to check with the receiving financial institution as to whether your option positions at TD Ameritrade Singapore can be supported on your receiving brokerage account, as you may not have the same options approval level on the receiving brokerage account. 

No, futures or options on futures position(s) cannot be transferred. You will need to close off the position(s) in your futures account prior to transferring your account and/or withdrawing your funds.

Some brokers may not accept all position(s) on your TD Ameritrade Singapore account. You can share your TD Ameritrade statement with your receiving broker to determine what securities they will accept. Any suspended or non-transferrable securities can be left on your TD Ameritrade Singapore account for delisting or corporate action resolution.

A margin loan may normally be transferred as part of an ACAT transfer to a U.S. bank or brokerage. However, you will need to check with the receiving financial institution as to whether the margin loan can be supported on the receiving brokerage account. For a DTC transfer you will need to settle any margin debit balance on your TD Ameritrade Singapore account prior to a DTC transfer request being processed.

No, you may not transfer your account to a third party. Transfer of account must only be to like-titled account under your name. 

Since November 2023, all non-Accredited Investor accounts have been charged a monthly account maintenance fee of USD$50. Charges will now be based on cash balances held at the close of business U.S. time on the second business day of the month, or the following Monday if the second falls on a weekend. Accounts with cash balances of less than USD$50 are only charged an amount to reduce the cash balance to $0 (zero).