InvestorsHub Logo
Followers 12
Posts 419
Boards Moderated 0
Alias Born 05/02/2014

Re: rocky18 post# 62989

Monday, 03/21/2016 1:06:45 AM

Monday, March 21, 2016 1:06:45 AM

Post# of 78243
I am going to be calling them tomorrow to make sure they trade REDG and will accept an REDG stock transfer, yet I am sure they do.

I also need to call Scottrade and see how much they are going to charge me to transfer out of their brokerage and if they will approve a transfer to Ameritrade. Given they are complaining that REDG costs too much for them too hold. It would be in their best interest (if you follow their logic) to transfer it out.

It is as easy opening an Ameritrade account and then filling out the online transfer form once your account is up and running. They do the rest and it takes about a week as their is strict regulations that have to be followed, including time lines they must act within per the gov.

The biggest thing you must make sure is that all the information on both accounts match, such as name, address, etc. If they differ the system will deny the transfer as it is a clearing house that does the transfer, not the two brokerages. One requests and the other sends.

-PI
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.