Personal Finance

TD Waterhouse Transfer TFSA Cash Out?

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  • Feb 11th, 2012 4:56 pm
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[OP]
Deal Addict
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Mar 7, 2004
2086 posts
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Calgary

TD Waterhouse Transfer TFSA Cash Out?

I was looking at my TD Waterhouse TFSA Account and noticed I have no way to transfer cash out of it? I bank with TD as well, so I normally just move cash to waterhouse, but don't see a withdrawal option?

Thanks
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8 replies
Deal Addict
Jun 6, 2007
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KINGSTON, Ontario
I just did this a few minutes ago.

You have to call into TD Waterhouse customer service to transfer the balance: 1.800.465.5463
[OP]
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Mar 7, 2004
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Calgary
dgodsell wrote:
Feb 10th, 2012 2:56 pm
I just did this a few minutes ago.

You have to call into TD Waterhouse customer service to transfer the balance: 1.800.465.5463
Thanks!

I figured they would give you this option in webbroker to do yourself.
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Mar 20, 2009
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Careful, there may be a withdrawal fee, and there's a $125 penalty fee to cash out a TD TFSA completely.
Deal Addict
Feb 9, 2009
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I think its one free transfer out a year, any extra is $50 per transaction, so make sure you take out what you need...
Jr. Member
Dec 27, 2007
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Sanyo wrote:
Feb 11th, 2012 11:24 am
I think its one free transfer out a year, any extra is $50 per transaction, so make sure you take out what you need...

Take a glance at the new Fee schedule effective Jan 1st 2012. Looks like all TFSA withdrawals are now free.

Of course, call TDW to confirm beforehand.
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Jul 31, 2007
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cybo wrote:
Feb 11th, 2012 11:32 am
Take a glance at the new Fee schedule effective Jan 1st 2012. Looks like all TFSA withdrawals are now free.

Of course, call TDW to confirm beforehand.

Can you pls provide a link? ---- thanks
Jr. Member
Sep 28, 2003
143 posts
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The TDW TFSA withdrawal fees were $25 for every partial withdrawal with the first one per year being free.

I confirmed earlier in January via email with TDW that withdrawals are now indeed free.
Thank you for your email regarding moving money from your TFSA.

The withdrawal fees have been removed from the TFSA. There are no longer any fees to take money out.

To make a withdrawal from you TD Waterhouse TFSA please contact an Investment Representative. As this type of account is sheltered you will need to make the request by phone. It is not possible to make a withdrawal from a sheltered account via WebBroker at this time.
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