Transfer Stocks Out Of Your Robinhood Account
You can transfer securities and cash to other brokerages through an ACATS (Automated Customer Account Transfer Service) transfer. If you want to keep your Robinhood account, you can initiate a partial transfer. Otherwise, you can initiate a full transfer, and we’ll close your account once the process is complete.
Note that there is a $100 fee to transfer your assets out of Robinhood, whether as a partial or full transfer.
Before You Initiate the Transfer
Be sure to resolve any account restrictions or negative balances in your account prior to requesting a transfer, or your transfer may be delayed.
How to Initiate a Transfer
To begin the process, you'll need to contact your other brokerage and have them initiate the transfer. They’ll submit the transfer instructions to our clearing firm, Robinhood Securities (RHS), to transfer over your assets and funds.
If you transfer all of your assets to another brokerage, we’ll close your account.
Please make sure you initiate an ACATS (Automated Customer Account Transfer Service) transfer. Please don’t request stock delivery using any method other than ACATS, including DTC and transfer agent transfers. You might need to give the other brokerage your Robinhood Securities (RHS) account number. You can find this information in your mobile app:
You may need to reference a DTC number for your transfer. Robinhood’s DTC number is 6769.
What happens after I initiate a full transfer?
After you initiate a full transfer, your account will be restricted to help ensure the transfer is processed smoothly. Your account will be locked from buying or selling securities, and you will no longer be able to deposit or withdraw cash, as these actions can delay the transfer. You won't be able to enter orders in the assets being transferred, including options on the assets, while the transfer is in process, but keep in mind that you'll still own the securities or positions during this time, and they'll update in the app to reflect their current market value.
You may receive some assets during subsequent, residual sweep distributions. A residual sweep is the process of transferring any securities that may have remained in an account after completion of the initial ACATS transfer. Residual sweeps are common when you have unsettled trades or dividend payments at the time the ACATS transfer request is received. This process usually occurs on a weekly basis after the initial transfer is completed. You do not need to take any action to initiate these residual sweeps.
Please note that Cash Management and Robinhood Gold will be downgraded as a part of the full ACATS transfer process. If you decide to use Robinhood again, you will be able to subscribe to Robinhood Gold and upgrade to Cash Management again. Cash Management is offered as an additional feature to your Robinhood Financial LLC brokerage account. Neither Robinhood Financial LLC nor any of its affiliates are banks. Robinhood Gold is offered through Robinhood Financial LLC.
What happens after I initiate a partial transfer?
After you initiate a partial transfer, your account assets being transferred will be restricted to ensure the transfer is processed smoothly. You won't be able to enter orders in the assets being transferred, including options on the assets, while the transfer is in process, but keep in mind that you'll still own the securities or positions during this time, and they'll update in the app to reflect their current market value. Once the partial transfer is complete, any remaining assets will be unrestricted and you'll be able to resume trading them.
Stocks and ETFs
Any whole, settled shares should be transferred to the other brokerage. If you have any fractional shares during a full account transfer, they will be sold, and the resulting funds will be transferred to the other brokerage as cash during a residual sweep.
Any options contracts you have that do not expire within 7 business days should be transferred to the other brokerage. Options that expire within 7 business days do not transfer. If you wish to trade your expiring options contracts, please contact us
Your cryptocurrencies are held separately in your Robinhood Crypto account, and are not able to be transferred to other brokerages. To ensure your transfer request is not delayed, please liquidate any cryptocurrencies you own before initiating a full account transfer request with your other broker. Failure to do so could delay your transfer request. If you do not liquidate the crypto positions, it is the understanding of Robinhood Financial that our sister company, Robinhood Crypto, may liquidate these positions on your behalf. In either case, the resulting funds will be transferred to the other brokerage as cash, either with the initial transfer or during the residual transfer period. Thereafter, both your Robinhood Financial and your Robinhood Crypto accounts will be closed.
If you’re transferring stocks or cash from Robinhood to an outside brokerage, there is a $100 fee, which will be debited from your Robinhood account’s available cash balance. If your Robinhood cash balance is insufficient to cover this fee, it will instead be debited from your outside brokerage account, contingent on that firm’s policies.
We recommend reaching out to your other brokerage if you plan on transferring your Robinhood account while borrowing funds. Some brokerages may accept leveraged accounts.
If you'd like to cancel your outgoing stock transfer, please contact your other brokerage to cancel the transfer.