FAQ - Banking Holidays

Buying Power on Banking Holidays


*Veterans Day is Monday November 12 - For full details regarding this holiday please
CLICK HERE.*

Due to banking institutions being closed, your buying power may be affected in a number of ways. Please refer to the examples below to see which of these might apply to you.

Unsettled deposits will be pushed back 1 business day before being fully available. This will mean that unsettled deposits will be unavailable for trading on Options, Non-Marginable Stock (Pink sheets, OTC, Penny stocks), Futures, Forex, or Mutual Funds for 1 additional business day.

 

Example:

ACH (Electronic Funding) Deposit Date                                 Settlement Date

November 5                                                                             November 8    

6                                                                                              9

7                                                                                              13

8                                                                                              14

9                                                                                              15

 

 

Check Deposit Date                                                                Settlement Date

November 5, 2018                                                                   November 9

6                                                                                              13

7                                                                                              14

8                                                                                              15

9                                                                                              16

13                                                                                            19

 

 

Cash accounts may be impacted by trade settlement push back, TD Ameritrade uses Buy Side Settlement, meaning your initial purchase of a security needs to be settled before funds can be released for trading again. This means if you closed a position that is still in settlement, the funds will not be released for trading until that initial purchase has settled.

Stock trades made up to 2 business days prior to a banking holiday; and Option Trades made the business day prior to the holiday will settle 1 business day later than usual.

 

Example:

Stock Purchase Date                                                             Settlement Date

November 7                                                                             November 9

8                                                                                              13

9                                                                                              14

12                                                                                            14

 

Option Trade Date                                                                  Settlement Date

November 8                                                                             November 9

9                                                                                              13

12                                                                                            13

 

Market Hours

 

In observance of a federal banking holiday, Federal Reserve Banks and US Banking Institutions will be closed. However, NYSE, NASDAQ, and other US Stock exchanges remain open for trading. 

Futures and forex trading are expected to follow normal hours on bank holidays, however, we recommend you check with the individual exchanges: theice.com and cmegroup.com.

 

TD Ameritrade Hours:

TD Ameritrade Branches and call centers will follow normal business hours of operation.

 

Banking Services

 

As a result of the Federal Reserve Bank closures, the TD Ameritrade Payment Services team will not be processing any transactions on the day of the holiday. These transactions include:

 

• Incoming and outgoing wire transfers

• Incoming and outgoing electronic funding (ACH)

• Incoming and outgoing check requests

• Stop payment requests

• Returned checks

• Check writing

• Bill pay