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Get your taxes done using TurboTax
Below response is from one broker. The system could close $0 balance, I would just want to keep 1 cent on the account to avoid being closed.
Inactive $0 balance accounts are reviewed throughout the year and, in turn, may be closed. Inactive and closed retail accounts are annually purged from the system in May after having a $0 balance for the current and prior year-to-date files. Per industry regulations, we're required to maintain this information for a certain period of time. It's important to note that once an account has been purged, it can no longer be viewed on our website.
a month ago