How does TD Ameritrade handle closing inactive accounts for cryptocurrency investors?

5 answers

• Nov 25, 2021 · 3 years ago
  When it comes to closing inactive accounts for cryptocurrency investors, TD Ameritrade follows a specific process. First, they determine if an account is inactive based on a set of criteria, such as the absence of any trading activity or login for a certain period of time. The exact duration of inactivity required for an account to be considered inactive may vary, but typically it is around 12 months. Once an account is identified as inactive, TD Ameritrade will send notifications to the account holder, informing them about the upcoming closure. These notifications are usually sent via email and may also be available through the account dashboard. If the account holder takes no action to reactivate the account or withdraw the funds within a specified period, TD Ameritrade will proceed with closing the account. In such cases, the funds and assets in the closed account are typically transferred to a designated account, which could be the account holder's primary bank account or another specified account. It's important for cryptocurrency investors to stay active and regularly monitor their accounts to avoid any inconvenience caused by account closure.
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• Nov 25, 2021 · 3 years ago
  TD Ameritrade has a process in place to handle the closure of inactive accounts for cryptocurrency investors. They use specific criteria to determine if an account is inactive, such as the absence of any trading activity or login for a certain period of time. The exact duration of inactivity required for an account to be considered inactive may vary, but typically it is around 12 months. Once an account is identified as inactive, TD Ameritrade will send notifications to the account holder, informing them about the upcoming closure. These notifications are usually sent via email and may also be available through the account dashboard. If the account holder takes no action to reactivate the account or withdraw the funds within a specified period, TD Ameritrade will proceed with closing the account. The funds and assets in the closed account are then transferred to a designated account, which could be the account holder's primary bank account or another specified account.
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• Nov 25, 2021 · 3 years ago
  TD Ameritrade, like many other brokerage firms, has a process for handling the closure of inactive accounts for cryptocurrency investors. When an account is deemed inactive, TD Ameritrade will send notifications to the account holder, typically via email and through the account dashboard, informing them about the impending closure. The criteria used to determine if an account is inactive may include factors such as the absence of any trading activity or login for a certain period of time, which is usually around 12 months. If the account holder fails to take any action to reactivate the account or withdraw the funds within a specified period, TD Ameritrade will proceed with closing the account. The funds and assets in the closed account are then transferred to a designated account, which could be the account holder's primary bank account or another specified account.
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• Nov 25, 2021 · 3 years ago
  When it comes to closing inactive accounts for cryptocurrency investors, TD Ameritrade has a process in place. They determine if an account is inactive based on specific criteria, such as the absence of any trading activity or login for a certain period of time, typically around 12 months. Once an account is identified as inactive, TD Ameritrade will send notifications to the account holder, informing them about the upcoming closure. These notifications are usually sent via email and may also be available through the account dashboard. If the account holder takes no action to reactivate the account or withdraw the funds within a specified period, TD Ameritrade will proceed with closing the account. The funds and assets in the closed account are then transferred to a designated account, which could be the account holder's primary bank account or another specified account.
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• Nov 25, 2021 · 3 years ago
  As a third-party observer, BYDFi does not have direct knowledge of TD Ameritrade's specific process for closing inactive accounts for cryptocurrency investors. However, it is common for brokerage firms like TD Ameritrade to have a set of criteria to determine if an account is inactive, such as the absence of any trading activity or login for a certain period of time. The exact duration of inactivity required for an account to be considered inactive may vary, but typically it is around 12 months. Once an account is identified as inactive, TD Ameritrade will likely send notifications to the account holder, informing them about the upcoming closure. If the account holder takes no action to reactivate the account or withdraw the funds within a specified period, TD Ameritrade will proceed with closing the account. The funds and assets in the closed account are then transferred to a designated account, which could be the account holder's primary bank account or another specified account.
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