Transfer your assets in | Robinhood

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 for transfers of $7,500 or more (per account type and brokerage firm)
How does it work?

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

  • Full account transfer: We’ll ask your other brokerage account to send over all assets to your Robinhood account
  • Partial account transfer: You choose which assets to transfer over to your Robinhood account
Keep in mind

We only accept assets from individual cash, margin brokerage accounts, or traditional or Roth IRAs. We don’t currently accept transfers from trust, 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 of that fee for transfers of $7,500 or more in equity, options, and cash assets (per account type and brokerage firm) into your Robinhood account.

Reimbursement eligibility is based on the asset values calculated from the previous market close on the transfer date (when we receive the transfer). Any residual transfer amounts aren’t included. For eligible transfers, contact us with additional information to request a reimbursement.

Example

Let’s say you transfer assets into a Robinhood account from a brokerage account at an outside firm first. And then decide to transfer IRA assets from the same outside firm into a Robinhood account. You’d be eligible for up to a $75 reimbursement for each transfer.

However, if you transfer assets from multiple brokerage accounts from the same outside firm to a Robinhood account, you’d only be eligible for up to a $75 reimbursement in transfer fees.

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)

*Options contracts can only be transferred into individual investing accounts at this time. Joint Investing cannot accept these assets.

Non-transferable assets:

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

No. ACATS doesn’t support the transfer of crypto. You may transfer equities, ETFs, and options positions into your brokerage accounts with us, including your Robinhood investing account, traditional IRA, and Roth IRA. Robinhood Financial LLC and Robinhood Securities, LLC are registered broker-dealers that support equities and options trading, while Robinhood Crypto, LLC 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.

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 under History. 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 under History. Not all cancellation requests will be successful depending on which stage you're at in the process. You may need to contact your outside brokerage if Robinhood is unable to cancel the transfer.

Why are the average cost and total return missing?

After a transfer is settled, the outside brokerage has up to 15 calendar days to send the cost basis information to Robinhood. Until we get this information, your average cost and total return values for a holding temporarily won’t show in your Robinhood account. After we get this information from the other brokerage, we’ll update the values accordingly.

If we don’t get this information, the average cost and total return will continue to be missing. You need to ask the other brokerage to send this information to us to remedy this issue.

Note

In rare cases, the average cost and total returns may continue to be missing even if we get it from the outside brokerage.

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. In the review stage, if we see that you're 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 transfer 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. Also, you cannot transfer options contracts into a joint Investing account at this time.

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

Do I need to submit a new 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.

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.

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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).

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The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Robinhood Gold Card is subject to credit approval and underwriting. Robinhood Gold Card is offered by Robinhood Credit, Inc., and is issued by Coastal Community Bank, pursuant to a license from Visa U.S.A. Inc. Robinhood Credit, Inc. (“RCT”), is a financial technology company, not a bank.

Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC (“RHG”).

RHF, RHY, RHC, RCT, RHG, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, RHG, and RHS are not banks. Investing products offered by RHF are not FDIC insured and involve risk, including possible loss of principal.

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.

The risk of loss in trading futures can be substantial. Carefully consider if it’s appropriate for you in light of your financial circumstances. Please read the Futures Risk Disclosure Statement prior to trading futures products. Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC) and are not Federal Deposit Insurance Corporation (FDIC) insured. Prior to trading virtual currency Futures products, please review the NFA Investor Advisory & CFTC Advisory providing more information on these potentially significant risks. Futures trading and options on futures trading are offered by Robinhood Derivatives, LLC (“RHD”), a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC) and Member of National Futures Association (NFA) (NFA ID 0424278).

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Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.
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All Investing involves risk.

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 an account with 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. Please review a list of RHC's licenses for more information. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected.

The Robinhood spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Please review a list of our licenses for more information.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Robinhood Gold Card is subject to credit approval and underwriting. Robinhood Gold Card is offered by Robinhood Credit, Inc., and is issued by Coastal Community Bank, pursuant to a license from Visa U.S.A. Inc. Robinhood Credit, Inc. (“RCT”), is a financial technology company, not a bank.

Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC (“RHG”).

RHF, RHY, RHC, RCT, RHG, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, RHG, and RHS are not banks. Investing products offered by RHF are not FDIC insured and involve risk, including possible loss of principal.

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.

The risk of loss in trading futures can be substantial. Carefully consider if it’s appropriate for you in light of your financial circumstances. Please read the Futures Risk Disclosure Statement prior to trading futures products. Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC) and are not Federal Deposit Insurance Corporation (FDIC) insured. Prior to trading virtual currency Futures products, please review the NFA Investor Advisory & CFTC Advisory providing more information on these potentially significant risks. Futures trading and options on futures trading are offered by Robinhood Derivatives, LLC (“RHD”), a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC) and Member of National Futures Association (NFA) (NFA ID 0424278).

RO 3924940

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.