Dough Shutting Down, Close or Transfer Your Accounts

This post may contain affiliate links; please read our advertiser disclosure for more information.

Dough Shutting Down

Dough Shutting Down, Close or Transfer Your Accounts

Dough was launched in the summer of 2019. The trading app was supposed to take of the big players such as Robinhood and WeBull. But instead, it is now shutting down after two years in business.

Dough will be ceasing operations as a broker-dealer. All open accounts on Monday, October 11, will be set to closing-only going forward, which means you’ll only be able to close positions.

You have several option you can take before dough’s last day of business on Friday, October 29. Start planning your next steps to close your Dough account by either withdrawing any funds in the account and/or a transfer (“ACAT”) of any existing securities positions that remain in your account.

Here are you three options:

  • Outgoing ACATS Transfer to another brokerage firm or transfer to tastyworks. Account Transfers from dough to tastyworks are free if initiated before Friday, October 29. It will also grandfather the dough commission schedule to dough customers.
  • Close your positions and withdraw via ACH
  • Take no action. Apex will assume the role as your broker on Monday, November 1, 2021, if you don’t transfer or fully withdraw your account.

You can check out more details here.

Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

More Like This

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


Please enter your comment!
Please enter your name here


RebatesMe - $40 Bonus!

Super easy bonus! Sign-up and they'll pay you $40 after your earn $10 cashback. That's it!
Grab Your RebatesMe Bonus!

Webull - 2 Free Stocks!

Brokerage app Webull is offering 2 Free Stocks! Just open an account and fund with $100 to get your stocks valued up to $1600! Super easy!
Grab your 2 free stocks now!

Subscribe To Our Newsletter

Join thousands of MtM readers who are subscribed to receive a once daily email with all of our posts. Never miss out!

You have Successfully Subscribed!