Transferring Your Assets Into Robinhood (ACATS In)
You can transfer stocks, cash and other eligible assets from your outside brokerages into Robinhood through an ACATS (Automated Customer Account Transfer Service) transfer. There are two types of account transfers available: full and partial account transfers. If you request a full account transfer, we will request all assets from your other brokerage account to be sent over to your Robinhood brokerage account. With a partial account transfer, you can choose which specific assets you’d like to transfer over to your Robinhood brokerage account. We only accept assets from individual cash or margin brokerage accounts, and do not currently accept transfers from retirement, trust, joint, business or custodial accounts.
Note: Your cost basis, as long as it is provided by your other brokerage, will be available and reported on your Form 1099. If you have additional requests, please reach out to the outside brokerage directly.
Once we receive your request for account transfer, it typically takes 5-7 business days for the assets to be settled in your Robinhood account. Once your request is accepted, you won’t have access to the positions that you are transferring from your outside brokerage. You will be able to manage those assets at Robinhood once the transfer process is complete.
Maybe. Your outside brokerage may charge you a transfer fee to transfer your assets. Robinhood will reimburse you for up to $75. There are no minimum transfer amounts necessary to request this fee reimbursement. However, please note that you need to contact us and provide additional information to make the request.
The ACATS (Automated Customer Account Transfer Service) transfer system does not support the transfer of cryptocurrencies. Using ACATS, you may transfer equities and options positions but not cryptocurrencies into your Robinhood Financial (RHF)/ Robinhood Securities (RHS) accounts; RHF and RHS are registered broker-dealers that support equities and options trading, while Robinhood Crypto (RHC) supports cryptocurrency trading. RHS and your outside brokerage use ACATS to transfer customer equities and options positions.
No. Fractional shares are non-transferable. When you initiate the transfer, your outside brokerage may liquidate all the fractional shares in your account based on their fair market value. The proceeds should then be transferred to your Robinhood account in a residual transfer.
Yes. If you want to bring in a margin balance, please make sure that you have both upgraded to Robinhood Gold and been approved/enabled for margin investing before you initiate the transfer process. You can upgrade to Robinhood Gold here. If you already have Gold, you’ll need to enable margin investing. Your account will need to be able to support the margin balances and positions you bring in to avoid any margin calls or account deficits.
Any options contracts that expire within 7 days are not transferable. In addition, you cannot use assets in your Robinhood portfolio to serve as collateral for incoming options positions. Any collateral required for options has to come over as a part of the transfer. Keep in mind, you also need to get approved for the appropriate level of options trading in order for your account to support certain strategies.
If you would like to transfer your eligible assets in, you may request a partial account transfer for your remaining assets. If you'd still like to make a full account transfer, you have the option to liquidate your non-transferable assets to cash before submitting a transfer request.
Yes. After submitting your account transfer request, you should have visibility into the current stage of the process on either the app or the web. If your request cannot be completed, you will also be notified and be able to view more details within the app.
You can cancel your transfer request here. Not all cancellation requests will be successful depending on which stage you are at in the process. You may need to contact your outside brokerage if Robinhood is unable to cancel the transfer.
You may receive a residual transfer, or “sweep”, that is initiated by your outside brokerage. Residual assets may continue to come in for up to 6 months after the transfer completes. These could be assets such as cash from dividends that arrived at the brokerage too late to be transferred in the initial round.
There are several reasons an account transfer request can be rejected. Here are the most common ones:
|Brokerage||Account Number Details|
|CashApp, Revolut, & Stake||Account number is usually 17 total characters in length: 4 letter alpha partner code, 3 numeric branch code, 10 digit alphanumeric account number.|
|Fidelity, PNC Investments||Account number must be 9 alphanumeric characters.|
|TD Ameritrade||Account number must be 9 numeric digits.|
|Charles Schwab||Account number must be 8 numeric digits.|
|Raymond James||Account number usually 8 alphanumeric or numeric characters.|
|E* Trade||Account number must be 8 numeric digits.|
|Pershing||Account number must be 9 characters, usually 3 alphanumeric characters, followed by 6 numbers or 9 numeric digits.|
|JPM||Account number must be 8 or 11 numeric digits.|
|Vanguard||Account number must be 8 or 11 numeric digits.|
|Merrill Lynch||Account number must be 8 alphanumeric characters.|
|SoFi Securities, WeBull, TradeZero, Ally Invest, Stockpile Investments, Level X, TradingBlock, Dough, 1st Trade Securities, Gatsby, Trade App, All of Us Securities, SogoTrade,Public, M1 Finance, Tastyworks, Tradier Brokerage, Viewtrade, Redbridge Securities, Titan Invest, United Income, Father Finance||Account number must be 8 alphanumeric characters.|
Review “What can I transfer into Robinhood?” before you initiate the transfer process.
You have not met the margin balance requirements: If you want to bring in a margin balance, please make sure that you have both upgraded to Robinhood Gold and been approved/enabled margin investing before you attempt an account transfer again. Your account will need to be able to support the margin balances and positions you bring in to avoid any margin calls or account deficits.
You don’t have options trading approved/enabled: If you want to transfer your options contracts into Robinhood, you need to sign up and get approval for options trading in the app first before you re-initiate account transfer.
If none of the above reasons apply to you, please contact us to find out more details.
*Content is provided for informational purposes only. While the information is deemed reliable, Robinhood makes no representations or warranties with respect to the accuracy or completeness of the information provided. Please check with your outside brokerage to confirm account details.
Options trading entails significant risk and is not appropriate for all investors. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Supporting documentation for any claims, if applicable, will be furnished upon request.
Robinhood Gold is an account offering premium services available for a $5 monthly fee. Not all investors will be eligible to trade on Margin. Margin investing involves the risk of greater investment losses. Additional interest charges may apply depending on the amount of margin used. Learn more about Robinhood Gold here.
All investments involve risk and loss of principal is possible.
Robinhood Financial LLC (member SIPC) is a registered broker dealer. Robinhood Securities, LLC (member SIPC) is a registered broker dealer and provides brokerage clearing services. Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (NMLS ID 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. All are subsidiaries of Robinhood Markets, Inc. (‘Robinhood’). © 2022 Robinhood Markets, Inc.