Transfer your assets in

Before you begin
  • Eligible assets from your outside brokerage can be transferred into Robinhood through the Automated Customer Account Transfer Service (ACATS)
  • We currently support full and partial account transfers of eligible securities
  • We’ll reimburse the transfer fee your other brokerage may charge, up to $75, per transfer, per brokerage
How does it work?

You can transfer stocks, cash, and other eligible assets from your outside brokerages into Robinhood through ACATS. You can transfer full or part of an outside account.

  • Full account transfer: We’ll ask that all assets from the other brokerage account be sent over to your Robinhood brokerage account.
  • Partial account transfer: You choose which assets to transfer over to your Robinhood brokerage account.
Keep in mind

We only accept assets from individual cash, margin brokerage accounts, external traditional or Roth IRAs. We don’t currently accept transfers from trust, joint, business, or custodial accounts.

Also, your cost basis will be available and reported on your Form 1099 when provided by the outside brokerage. For cost-basis questions, ask the outside brokerage directly.

How long does it take to complete the transfer process?

After we receive an account transfer request, it typically takes 5-7 business days for the assets to be settled in your Robinhood account. When your request is accepted, you’ll no longer have access to the positions being transferred from the outside brokerage. You’ll be able to manage the assets with Robinhood as soon as the transfer process is complete.

Are there any fees to transfer my assets into Robinhood?

Your outside brokerage may charge you a transfer fee to transfer your assets. Robinhood will reimburse you for up to $75, and no minimum transfer amounts are necessary to request it. However, you need to contact us and provide additional information to request a reimbursement.

What can I transfer into Robinhood?

Transferable assets:

  • Stocks
  • ETFs
  • Options contracts (not expiring within 7 days)
  • Cash balances
  • Margin balances (if you have a margin-enabled Robinhood account)

Non-transferable assets:

  • Fractional shares
  • Crypto
  • Options contracts expiring within 7 days
  • Unsupported options strategies
  • Mutual funds
  • Bonds
  • Futures
  • Annuities
  • Other assets that haven't been identified as transferable assets
Can I transfer crypto in?

No. ACATS does not support the transfer of crypto. You may transfer equities, ETFs, and options positions into your Robinhood Financial (RHF) or Robinhood Securities (RHS) accounts. RHF and RHS are registered broker-dealers that support equities and options trading, while Robinhood Crypto (RHC) supports crypto trading.

Are fractional shares transferable?

No. Fractional shares are non-transferable. When you initiate the transfer, the outside brokerage will most likely liquidate all the fractional shares in your account based on their fair market value. The proceeds should then be transferred to your Robinhood account as a residual transfer.

Can I transfer margin balances?

Yes. To transfer in a margin balance, make sure that you've been approved for margin investing before you initiate a transfer. Your account must support the margin balances and positions that you transfer in to avoid any margin calls or account deficits.

Are all types of options contracts eligible for transfer?

No. Options contracts that expire within 7 days aren't transferable. You also can't use assets in your Robinhood portfolio to serve as collateral for incoming options positions. Any collateral required for options must be part of the transfer. Keep in mind, you also need to be approved for the applicable level of options trading for your account to support some of the more advanced strategies.

What if the outside brokerage account has non-transferable assets?

You can transfer eligible assets as a partial account transfer. For a full account transfer, you’ll need to liquidate the non-transferable assets to cash in the outside brokerage account before initiating the transfer.

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After initiating a transfer

Can I track it?

Yes. After submitting your account transfer request, you can see the current transfer stage in your Robinhood account. If your request cannot be completed, you’ll get a notification with details in the Robinhood app.

Can I cancel it?

You can cancel a transfer request from within your Robinhood account. 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.

Why is money being transferred into my Robinhood account after a transfer is complete?

You might 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.

Why was my transfer rejected?

An account transfer can be rejected for a number of reasons, including the following:

  • Your account number was entered incorrectly. The following lists important account details about some of the outside brokerages:
Outside brokerageAccount Number Details*
CashApp, Revolut, & StakeAccount number is usually 17 total characters in length: 4 letter alpha partner code, 3 numeric branch code, 10 digit alphanumeric account number
Fidelity, PNC InvestmentsAccount number must be 9 alphanumeric characters
TD AmeritradeAccount number must be 9 numeric digits
Charles SchwabAccount number must be 8 numeric digits
Raymond JamesAccount number usually 8 alphanumeric or numeric characters
E* TradeAccount number must be 8 numeric digits
PershingAccount number must be 9 characters, usually 3 alphanumeric characters, followed by 6 numbers or 9 numeric digits
JPMAccount number must be 8 or 11 numeric digits
VanguardAccount number must be 8 or 11 numeric digits
Merrill LynchAccount 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 FinanceAccount number must be 8 alphanumeric characters
  • Your other brokerage account contains ineligible assets: If in the review stage, we see that you are bringing in assets that Robinhood can't hold, we'll reject your transfer request. Typically, if a security is purchasable on Robinhood, it is transferable (for both full and partial positions). Review What can I transfer into Robinhood before you initiate the transfer process.

  • You haven't met the margin balance requirements: If you want to bring in a margin balance, make sure you've been approved and enabled margin investing before you attempt another account transfer. Your account will need 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 and enabled: If you want to transfer options contracts into Robinhood, you need to sign up and get approval for options trading in the app first before you re-initiate an account transfer.

If none of these reasons apply, contact us for help.

Do I need to reinitiate a transfer if my transfer was rejected?

Yes. If your transfer was rejected, you'll need to submit a new request to start the transfer process over.

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Disclosures

*The outside brokerage account details are 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. Check with your outside brokerage to confirm account details.

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.

Reference No. 2711906
Still have questions? Contact Robinhood Support