In the world of investing, staying ahead of the curve is essential, and Robinhood has emerged as a trailblazing platform for traders and investors alike.
With its user-friendly interface, commission-free trades, and a wide range of investment options, Robinhood has garnered a loyal following.
If you're considering making the switch from Ally Invest to Robinhood, this article will guide you through the process.
If you transfer an existing brokerage account to Robinhood through January 31st 2024, you can get an Unlimited 1% Transfer Bonus.
For example, if you transferred a brokerage account worth $50,000 - that would be a bonus of $500.
In addition, Robinhood offers a free stock for new users as well as a 1% IRA match for retirement accounts.
Robinhood offers new users a completely free fractional share worth between $5 and $200.
Sign up with the above button to get your free fractional share today!
If you're not already a Robinhood user, the first step is to sign up for an account.
Robinhood prides itself on its user-friendly interface, making the signup process a breeze.
Once you've signed up and logged in, open the Robinhood app and click on the Profile Icon.
This will take you to your account settings.
In the Profile section, you'll find a Menu Bar. Click on it to reveal various options, and one of them will be "Transfers."
Click on this option to initiate the transfer process.
Within the Transfers section, you will see the option to "Transfers Account Into Robinhood."
Click on this to start the process of moving your assets from Ally Invest to Robinhood.
Select your current brokerage account from the list provided or use the search function to find it.
This step ensures that the right account is being transferred.
Enter your current brokerage account number, which you can find on your statement from Ally Invest.
It's crucial to input this information accurately.
Robinhood will prompt you to confirm the name on your Ally Invest account.
Ensure that it matches precisely with the information on your Ally Invest account.
Complete any additional questionnaire or information requested by Robinhood to verify the transfer.
At this point, you'll be given the option to continue with either a Full or Partial Transfer.
Select the one that suits your needs best.
Before finalizing the transfer, review all the information you've entered.
Once you're satisfied that everything is correct, confirm the transfer.