comments
How to Close a Sharebuilder Account
Email
 Print
|
As I mentioned in my post about the Sharebuilder five free trades promotion code, I recently sold a small position in IYT in my Sharebuilder account. I opened it because I was taking advantage of a $50 Sharebuilder promotion code and not the account just another one of the million I’ve been closing recently.
Fortunately, Sharebuilder is part of ING Direct and ING Direct is easily the king of online banking when it comes to interfaces. Closing a sharebuilder account is really simple, just log in, click on the Account Profile tab:
Then scroll down to Account Preferences and click on “Close this account.”
When click the link, you’re asked to provide a reason along with links to counter them. I chose the second option – “I need to use money in my ShareBuilder account to pay bills or make a purchase” since it was most accurate. From here they give you a checklist of things you need to do before you can close your account:
Once you complete the checklist, and all the boxes are now orange checkmarks, clicking Next brings you to this final page with a “Close account” button.
After that, you’re done! When I closed my E*Trade account, they closed the brokerage account but left my username active for 30 days. This was so I could collect any outstanding dividends or other transfers I may have forgotten about. Sharebuilder does something similar, except the username will be active, theoretically, forever. Statements will be generated if any dividends are posted, which is a nice feature because it means I won’t need to periodically check the account.
Finances are so easy to complicate but with Sharebuilder, simplifying was almost as easy! 
Related Posts
 By Jim |
 Stumble It! Bookmark reddit.comTags: Brokers, Sharebuilder Apr 20, 2010 | Read more in Investing |
Like this article? Get all the latest articles sent to your email for free every day. Enter your email address and click "Subscribe." Your email will only be used for this daily subscription and you can unsubscribe anytime.
I assume that means you sold your holdings first. Did you withdraw the money prior to starting that process?
I am looking at closing one of my Sharebuilder accounts (just to combine them), and was a little unsure about those final steps.
Timely. I opened a SB account for the promotion too and I’m toying with the idea of leaving it open or closing it (if I ever get around to it). Thanks for detailing the process.
They make the process easy. I cashed in a couple promotional codes but I may eventually close my accounts.
i don’t use this but it always makes me feel good to see that a company i do business with does other things well whether i take advantage of them or not.
But how do I close an account that they’ve already de-activated, after catching me open a whole slew of them for the promotional offers? I’m just tired of looking at them.