How Do I Close My Sharebuilder Account?


With ShareBuilder, you can trade stocks live, open a mutual fund, or work with ETFs. However, if you have found an online trading company that provides you with a better trade rate or more interest on your mutual fund and you desire to close your ShareBuilder account, you will need to complete several steps before closing it. ShareBuilder requires users to cancel all activity for their accounts to be closed completely.

  • Switch off your "Automatic Investment Plan" if you have an account. Scroll to the "Trade" tab and select "Automatic Investing." Click the "Edit" link. Choose the "Switch off my Plan" radio button and click "Save."

  • Cancel any future one-time or recurring electronic funds deposits that are scheduled. Click the "Accounts" tab and scroll to "Transfer Money," and select "Transfer Status." Under "Recurring Deposits" and "Deposit Status," click the "Cancel" link on the far right side of your screen. A window will appear and confirm your cancellation of all scheduled deposits.

  • Downgrade to "Basic" program if you are subscribed to ShareBuilder's "Automatic Pricing Program." Scroll to the "Accounts" tab. Select "Overview" and click "Profile & Settings." Select the "Pricing Program" tab. Click the "Unsubscribe" link. Choose the "Basic" program and confirm that you want to unsubscribe.

  • Cancel all open orders to buy securities. Click the "Trade" tab on the top of your screen and click "Order Status." Click "Cancel" and confirm your cancellation. If you own any securities, sell them by clicking the "Accounts" tab. Select "Portfolio" and then select "Positions."

  • Withdraw any cash that you have in your account by setting up a withdrawal. Select the "Accounts" tab. Scroll to "Transfer Money" and click "Deposit & Withdrawal." Choose the ShareBuilder account that you want to transfer from and then choose the bank account or online account that you want the money to transfer to. There are several ways that you can transfer money out of your ShareBuilder accounts, including electronic transfer, wire transfer, receiving checks, or payroll deposit.

Tips & Warnings

  • If you borrowed money using your margin account or you owe interest, you will need to make a deposit to pay off what you owe.

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