How do I set up electronic (ACH) transfers with my bank?
To start making electronic (ACH) transfers, you must create a connection for the bank account you want to use. Before you try to connect your TD Ameritrade account to your bank account, we suggest contacting your bank to make sure that it permits ACH deposits and withdrawals, and that you have the correct routing and account numbers.
Setting up a bank connection
Log in to your account, go to My Account > Deposit & Transfers, and select "Account/Bank Connections". Choose "Electronic" (Bank ACH). If you already have bank connections, select "New Connection". Enter your bank account information.
In most cases, we can verify your bank account information immediately, enabling you to make deposits and withdrawals right away. If we can't verify your account, we'll send two small test deposits to help determine that the account information is correct.
Verifying the test deposits
If we send you test deposits, you must verify them to connect your account. Here’s what to do:
1. Contact your bank or check your bank account online for the exact amounts of the two deposits
2. Log in to your TD Ameritrade account
3. Go to My Account > Deposits & Transfers > Account/Bank Connections and enter each amount
We will withdraw the two test deposits from your bank account once you verify them, or after 10 business days, or if the bank information is marked as invalid. Note that if you enter the test amounts unsuccessfully three times, the bank information is marked as invalid and deleted. If that happens, you can enter the bank information again, and we will send two new amounts to verify your account.
About IRA deposits
ACH funding is not available for some retirement accounts. Federal law sets IRA contribution limits, as stated in the Internal Revenue Code; you cannot exceed maximum contribution limits. Applicable state law may be different. TD Ameritrade does not provide tax or legal advice. Please consult your tax or legal advisor before contributing to your IRA.
Still looking for more information? Here is a step-by-step walk-through of the process.