How To Turn Off Stock Lending On TD Ameritrade [Complete Guide]

TD Ameritrade has a program called the "Fully Paid Lending Income Program" which lets customers lend money to TD Ameritrade every month to potentially earn additional revenue and unlike most lending platforms, TD Ameritrade lets you end additional income (of up to 50/50).

That's just a lot to turn down but I believe you might have your reasons to stop this. So this guide compiles what you need to turn off stock lending on TD Ameritrade.

Can You Opt Out Fully Paid Lending Income Program on TD Ameritrade?

Yes, you can opt out the program whenever you want to. The steps to opt out the program are straight forward.

How to Turn Off Stock Lending Program On TD Ameritrade

All traders are confronted to risks on a daily basis. Though the stock lending or fully paid mending on TD Ameritrade seams great, there are some risks involved as a participant of the program.

However, many traders have their own personal reasons of opting out the program.

That said, here is a step by step process to opt out the fully paid lending income program or stock lending program on TD Ameritrade.

1. Login to your TD Ameritrade account.
2. Navigate to the "My Profile" section.
3. Go to "General".
4. Select "Elections & Routing".
5. No tap "Fully Paid Lending Income Program" and turn if off to opt out the program.

What is the TD Ameritrade Collateral Lending Program?

The TD Bank Collateral Lending Program provides a simple solution to fund practically any demand without having to liquidate your asset holdings. If your account qualifies, you can use your current portfolio to fund a range of goals and needs. These may include the following:

• Short-term cash flow gaps 
• Business expenses, including day-to-day or longer-term capital expenditures, or interest in a business partnership
• Education expenses and other memorable life events2
• Real estate and luxury purchases
• Liquidity for estate planning
• Tax planning
• Refinancing high-interest-rate debt or credit cards

How the Collateral Lending Program Works?

A secured line of credit or a fixed-rate loan are both options. A line of credit gives you the most flexibility because you can draw from it whenever you need it, whereas a fixed-rate loan gives you the predictability of a lump-sum funding amount with a set period and regular payments. Both types of loans can't be used to buy more securities, carry or trade them, or pay off debt accrued to buy, carry, or trade securities.

Can You Borrow Money From TD Ameritrade?

TD Ameritrade lets its users borrow money. Margin privileges are available to TD Ameritrade consumers with a balance of $2,000 in their account. The account holder can take out loans without having to fill out additional documents or pay additional fees after the account has been approved for borrowing.

Final Thoughts On How To Turn Off Stock Lending On TD Ameritrade

TD Ameritrade is one of the leading commission-free trading platforms out there and stands out to be a fantastic choice for all types of traders. TD Ameritrade's Fully Paid Lending Income Program lets its traders loan out shares every month to TD Ameritrade and earn additional income. Though the program seams appealing, there are some risks involved.

Many reasons especially personal reasons will push traders to opt out the program. If that's a choice you've take, then the steps outlined below will help you out.