How long does it take to transfer securities from another brokerage account?
PLEASE NOTE: Account transfer’s timeliness are dependent upon the delivering firm (your old brokerage) acting upon the transfer instructions they are given. Automated account transfers (full & partial) usually take 7-14 business days. Non-automated account transfers can take 3-5 weeks. [ top ] Can I transfer a margin account to PennTrade? We will accept margin account transfers on a case-by-case basis. Please contact us before transferring a margin account. [ top ] Can I transfer an account with a different title/social security number? No, regulations do not permit this. Account types must match as well. For instance, you could not transfer a ROTH IRA from another firm into your Traditional IRA with PennTrade. [ top ] Can I trade securities I am transferring from another brokerage during the transfer process? Once you submit an account transfer form, your account will most likely be frozen at your existing brokerage. Do not attempt to trade any securities you are transferring, as this
