What is a stock transfer?
A stock transfer is Robinhood’s version of “ACATS” (Automated Customer Account Transfer Service). This supports the transfer of stocks and cash from one brokerage account to your Robinhood account.
What types of accounts can I transfer to Robinhood?
We support individual, non-retirement, U.S. equity-only accounts. We will not accept accounts with a negative equity balance (Pre or Post Outbound ACAT Fee), or accounts with assets not supported on our platform. We only support full account transfers at this time.
If you have a stock plan account, we suggest contacting your old brokerage to ensure those shares can be transferred.
What types of securities can I transfer?
We only support securities listed for trading on the Robinhood platform. If you’re trying to transfer options, mutual funds, or any other type of security or asset class not supported on Robinhood, your transfer will be rejected.
Can I transfer fractional shares?
No. Fractional shares cannot be transferred via ACAT. If transferred, the fractional share will be left at your other brokerage for liquidation. Once liquidated, the cash will be sent over in a residual transfer.
How do I transfer my stock to Robinhood?
Go to your account menu, select “Banking”, then select “Stock Transfer” and follow the on-screen instructions.
Stock transfer is asking for my account number. Where can I find mine?
Your account number can usually be found on your old brokerage account statement. If you have trouble finding your number, please contact your old brokerage for assistance.
What are the fees for transferring stock?
We do not charge any fees for inbound transfers; however, your old brokerage may charge you a fee. For your first transfer into Robinhood, we will cover any fees charged by your old brokerage.
If you are transferring stock from Robinhood to an outside brokerage, there is a $75 fee.
What happens to my stocks during the transfer?
While stocks are being transferred, you’ll be restricted from trading them until the transfer is complete. You still own the stocks during this process, and they’ll update to reflect the current market value.
How will a stock transfer affect the cost basis of my stocks?
Your cost basis will be retained for tax purposes and will not change when you transfer your shares. We will display the cost basis as though you purchased the stocks in your Robinhood account.
What is the timeline for an inbound stock transfer?
The typical timeline is 5-7 trading days.
Will you accept leveraged accounts?
We are not accepting accounts that are leveraged right now. You can make your account eligible by deleveraging prior to initiating the stock transfer.
What is Robinhood’s DTC number?
Our DTC number is 0158.
Why am I receiving residual transfers?
If you’re still receiving dividends or other payments to your old brokerage account for stocks you have already transferred, these payments may be automatically swept into a residual transfer to your Robinhood account. Please email firstname.lastname@example.org if you have specific questions about residual transfers in your account.
What causes a reclaim transfer?
Reclaim stock transfers occur when your old brokerage sends too many assets to Robinhood. These extra assets are returned to your old account after the other brokerage submits a reclaim request. This may happen when a corporate action occurs while your transfer is pending. Please email email@example.com if you have specific questions about reclaim transfers in your account.
Does Robinhood support non-ACAT transfers?
No. Please do not request stock delivery using any method other than ACATS. Securities transferred using any other method may be sent back to your other firm.