TD Ameritrade offers instant account funding with Apple Pay (2024)

FAQs

TD Ameritrade offers instant account funding with Apple Pay? ›

(AP) — Online brokerage TD Ameritrade has found a way to let customers instantly fund their brokerage accounts by using Apple Pay and their debit cards. The Omaha-Nebraska-based company says the new service will eliminate delays investors usually encounter while funds are verified for a new account.

Availability of funds

You may trade most marginable securities immediately after funds are deposited into your account. However, these funds cannot be withdrawn or used to purchase non-marginable, initial public offering (IPO) stocks or options during the first four business days.

Are there restrictions on funds deposited to my account? Funds typically post to your account 1-2 days after we receive your check or electronic deposit. Once the funds post, you can trade most securities. Electronic deposits can take another 3-4 business days to clear; checks can take 5-6 business days.

If you make a cash deposit with the teller at your bank, the money will often be available in your account immediately, or the next business day, depending on your bank's policy. Your teller will be able to let you know.

Your funds are usually available next business day¹ when you use TD Bank Mobile Deposit² to deposit checks using the camera in your smartphone or tablet.

Yes. The following TD Bank products are eligible for use with Apple Pay: TD Bank Visa Debit Cards: TD Bank Visa Debit Card.

You must have an account attached to the Chequing or Savings key on your TD Access Card. If you are able to withdraw money at an ATM by selecting either Chequing or Savings, or can pay at a merchant with your TD Access Card by selecting either Chequing or Savings, then your card can be set up for Apple Pay™.

Can you buy stocks with Apple Pay? Yes, by using Apple Pay to fund a trading account with a stock broker.

Only settled funds may be withdrawn

After signing in, navigate to My Money>Withdrawals, or for a shortcut click here. If you just closed a trade and see a $0.00 Available to Withdraw, then chances are your position has not settled yet. Depending on what you are trading, settlement times can vary.

Send Money with Zelle^® is easy, fast and free for TD customers. If you have a TD personal checking or money market account, e-mail address and U.S. mobile number, you can: Send money to almost anyone in the U.S. with a U.S. bank account using their e-mail or U.S. mobile number – even if they aren't a TD customer.

How long does it take for funds to be available? ›

In many cases, securities in your account can act as collateral for the margin loan. (A TD Ameritrade account that's approved for margin trading must have at least $2,000 in cash equity or eligible securities and a minimum of 30% of its total value as equity at all times.)

In a cash account, investors must use cash to pay for all securities purchased. To trade in a cash account, you must have enough funds in your account to cover the purchase of a security. In addition, you should be aware of the impact of trading with unsettled funds.

You can add money to Apple Pay with a debit or credit card from your iPhone's Wallet app. Just tap on the Apple Cash Card, select “More,” and choose “Add Money.” Then, enter the amount you want to add to Apple Pay, choose the card, and verify yourself to complete the process.

TD Ameritrade clients will be able to deposit up to $10,000 a day in their brokerage accounts using their debit cards and Apple Pay. Credit cards aren't allowed. TD Ameritrade officials say the delays when funding a new account are a common complaint.

No, you can't use PayPal to fund your account at TD Ameritrade.