I’m making a list of brokerage firms that notify you by email or text when a request is received to transfer some or all funds out of that brokerage firm. While some firms will notify you when the request is completed, I’m specifically looking for when the request is first detected. I know fidelity and Merrill do this. Wondering if anyone else knows of others firms for this? Thanks!
New to Investing?
Read our Complete Investing Guide →Brokerage firm notification on fund transfers
Becca
28 XP
·
·
4 replies
Replies (4)
tinatina
100 XP4 months ago
Hmm. I thought they all did as part of fraud control. Im more inclined to research what funds you want/offer free stock trading then check that brokerage out. But I think Ally, Vanguard and Schwab all send a message when a transaction has been initiated.
Roabh
4 months ago
Schwab does this. Once you initiate a transfer they send you an email. They then give you updates on when they think the transfeer will be complete and when it acutally occurs and is completed.
Becca
28 XP4 months ago
Thanks! Is that the case when you initiate the fund transfer from another brokerage firm? So you want to move Schwab funds to another brokerage firm, but you do that pull from the other brokerage firm.
Becca
28 XP4 months ago
Hey, thanks for the reply. This is around funds transfer out of the brokerage firm to another firm (vs doing trades)