Transfer your assets out | Robinhood

Transfer your assets out

Before you begin
  • Robinhood Financial (RHF) and Robinhood Crypto (RHC) are separate entities; RHF is a registered broker-dealer that supports equities and options trading, while RHC supports crypto trading.
  • Whole, settled security shares in your RHF account are eligible to be transferred through the Automated Customer Account Transfer Service (ACATS) to outside brokerages.
  • You can transfer all your eligible securities in a full ACATS transfer, or only some in a partial ACATS transfer.
  • After you complete a full ACATS transfer, we’ll put your account on hold.
  • We charge a $100 fee for a partial or full ACATS out of Robinhood.
  • Currently, fractional security shares with RHF and crypto held with RHC aren’t transferable to other brokerages.
  • If you request a full ACATS transfer, RHC will automatically liquidate any crypto holdings, RHF will sell any fractional security shares, and RHF will transfer the cash proceeds to the outside brokerage in a residual transfer.
How does an account transfer work?

You can transfer securities and cash to outside brokerages through ACATS (Automated Customer Account Transfer Service). If you want to keep your Robinhood account, you can initiate a partial transfer. Otherwise, you can initiate a full transfer and we’ll put your account on hold.

  • Before initiating a 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 ask the outside brokerage to initiate the transfer. After they submit the transfer instructions to our clearing firm, Robinhood Securities (RHS), who will then follow them to transfer your assets out.

  • Make sure you initiate an ACATS transfer: Any other asset transfer method won't work, including DTC (Depository Trust Company) and transfer agent transfers. You might need to give the outside brokerage your Robinhood Securities (RHS) account number.

You can find this information in the app:

  1. Select AccountInvesting
  2. Your account number is shown near the top
  3. Also, if requested, Robinhood’s DTC number is 6769
What happens after initiating 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, because these actions can delay the transfer.

During the transfer, you also can't enter orders for the assets being transferred, including options on the assets. However, 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 might receive some assets during subsequent, residual sweep distributions. A residual sweep is the process of transferring any securities or cash that 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 complete. You don't need to take any action to initiate these residual sweeps.

Also, Robinhood Gold will be downgraded as a part of a full ACATS transfer process. If you decide to use Robinhood again, you can subscribe to Robinhood Gold. Neither Robinhood Financial LLC nor any of its affiliates are banks. Robinhood Gold is offered through Robinhood Financial LLC.

What happens after initiating a partial transfer?

After initiating a partial transfer of a specific security (such as 25 shares of XYZ stock from the 50 you own), your entire position in that security is restricted until the transfer is successfully processed. You also can't enter new orders for that position, including options on the assets, until the transfer is complete. However, you’ll still own the asset during the transfer, which will update in the app to reflect current market value. After the partial transfer is complete, the remaining position will be unrestricted and you’ll be able to resume trading.

What happens to my assets when I request a transfer?
  • 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 money will be transferred to the other brokerage as cash during a residual sweep.

  • Options: Any options contracts you have that don't expire within 7 business days should be transferred to the other brokerage. Options that expire within 7 business days don't transfer. If you want to trade your expiring options contracts, please contact us.

  • Crypto: Your crypto is held separately in your Robinhood Crypto account, and isn't able to be transferred to other brokerages. To ensure your transfer request isn't delayed, liquidate any crypto you own before initiating a full account transfer request with your other broker. Failure to do so could delay your transfer request. If you don’t liquidate the crypto positions, 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, we’ll put both your Robinhood Financial and Robinhood Crypto accounts on hold.

What does an asset transfer out cost?

If you transfer assets or cash from Robinhood to an outside brokerage, we’ll charge you a $100 fee, which is 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.

What if I’m using margin?

We recommend asking the outside brokerage if you plan on transferring your Robinhood account while borrowing money. Some brokerages may accept leveraged accounts.

How to cancel a transfer

If you need to cancel an outgoing transfer, you’ll need to ask the other brokerage to cancel it because after it leaves Robinhood, we have no control over it.

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Brokerage services are offered through Robinhood Financial LLC, (RHF) a registered broker dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (RHS) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (RHC) (NMLS ID: 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. The Robinhood spending account is offered through Robinhood Money, LLC (RHY) (NMLS ID: 1990968), a licensed money transmitter. A list of our licenses has more information. The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard®. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC is not a member of FINRA and accounts are not FDIC insured or protected by SIPC. RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Check out Robinhood Financial’s Fee Schedule for details.

© 2024 Robinhood. All rights reserved.
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Brokerage services are offered through Robinhood Financial LLC, (RHF) a registered broker dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (RHS) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (RHC) (NMLS ID: 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. The Robinhood spending account is offered through Robinhood Money, LLC (RHY) (NMLS ID: 1990968), a licensed money transmitter. A list of our licenses has more information. The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard®. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC is not a member of FINRA and accounts are not FDIC insured or protected by SIPC. RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Check out Robinhood Financial’s Fee Schedule for details.

© 2024 Robinhood. All rights reserved.