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Anonymous

10 Oct 2020

∙

General Investing

Anyone fund your TD Ameritrade account using TransferWise?

I would like to look for low cost methods to fund My Ameritrade account. Anyone know if we can use TransferWise to fund the account?

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Frankie Rappaport

10 Oct 2020

If there should be problems with the regular TransferWise transfer, the alternative is that TransferWise offers you a completely free USD (and a couple of other currencies) account in your own name. I do not mean the credit card account here, but just a free USD account on your own name with U.S. account numbers, respective IBAN/SWIFT numbers.

The brokers (because of money laundering fear) do not like transfers where there is not your own name on the transfer statement. With a TransferWise account that you equally fund/currency switch before the transfer then, everything should work out fine.

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