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 cryptocurrency trading.
- Securities in your RHF account are eligible to be transferred through the Automated Customer Account Transfers Service (ACATS) to other brokerages.
- You can decide whether you want to transfer all your eligible securities in a full ACAT transfer, or only some in a partial ACAT transfer.
- After you complete a full ACAT transfer, we’ll close your Robinhood account.
- There is a $75 fee for partial and full ACATS out of Robinhood.
- Cryptocurrency held with Robinhood Crypto is not currently transferable to other brokerages.
- If you request a full ACAT transfer, RHC will automatically liquidate any cryptocurrency holdings and RHF will transfer the cash proceeds to the other brokerage in a residual transfer.
How does an account transfer work?
You can transfer stocks and cash to other brokerages through 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 $75 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 partner to transfer over your assets and funds.NOTE
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:
- Tap the Account icon in the bottom right corner.
- Tap Investing.
- Your account number will be at the top of your screen.
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 new positions, 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 make any trades on the assets being requested, including options in the underlying asset, 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 ACAT transfer. Residual sweeps are common when you have unsettled trades or dividend payments at the time the ACAT 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 ACAT 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 this 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 make any trades on the assets being requested, including options in the underlying asset, 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 position will be unrestricted and you’ll be able to resume trading of that asset.
What happens to my assets when I request a transfer?
Stocks and ETFs
Any full, 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 should be transferred to the other brokerage. Options that expire within 5 business days do not transfer.
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.
Are there any fees to transfer my assets to another brokerage?
If you’re transferring stocks or cash from Robinhood to an outside brokerage, there is a $75 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.
What if I’m using margin?
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.
I want to cancel my stock transfer
If you’d like to cancel your outgoing stock transfer, please contact your other brokerage to cancel the transfer.