How To Transfer From Robinhood To Fidelity 2023

Key Points

1. Transferring from Robinhood to Fidelity can be done through ACATS and costs $100 debited from your Robinhood account.
2. Before initiating the transfer, make sure to resolve any account restrictions or negative balances.
3. To initiate the transfer, gather information from Robinhood and login to your Fidelity account to complete the transfer process.
4. During the transfer, your Robinhood account will be restricted.

Robinhood is one of the most beginner friendly stock trading apps available today.

But at some point, you may find that you are looking to make a switch.

Here's how to transfer from Robinhood to Fidelity, step by step.

$100 Fee

You can transfer your Robinhood stocks and cash to Fidelity through the Automated Customer Account Transfer Service (ACATS).

When you transfer from Robinhood to Fidelity (or any other brokerage), there is a $100 fee (whether you are doing a full or partial transfer of your account), which will be debited from your Robinhood account’s available cash balance.

Be sure to resolve any account restrictions or negative balances in your account prior to requesting a transfer, or your transfer may be delayed.

Keep in mind that any cryptocurrency holdings you have on Robinhood will be liquidated into cash during the transfer process.

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Step 1: Get Your Robinhood Account ID

Before you initiate the transfer process, you'll need to locate your Robinhood account number.

Here's how you can find it:

1. Open the Robinhood app on your mobile device.
2. Tap the Account icon, typically located in the bottom right corner of the screen.
3. Select "Investing" from the options available.
4. Your Robinhood account number will be prominently displayed at the top of the screen.

Step 2: Initiate the Transfer Process

Now that you have your Robinhood account number, it's time to begin the transfer process to Fidelity.

Follow these steps:

1. Log in to your Fidelity account. This assumes you have a Fidelity Brokerage Account.
2. Navigate to the "Customer Service" section, often located in the account menu.
3. Select "Transfers" from the available options.
4. Click on "Transfer an Account to Fidelity."

Step 3: Complete the Transfer Form

You're now ready to fill out the transfer form.

Here's how to proceed:

1. Click "Start a Transfer."
2. Choose "Robinhood Securities Llc" as the firm you're transferring from.
3. Enter your Robinhood account number and specify the account type as "Brokerage Individual or IRA."
4. Click "Next" and follow the prompts presented in the wizard.
5. The questions asked will be straightforward and designed to facilitate the transfer process.

Final Considerations

While the transfer process usually takes 3–5 business days, individual experiences may vary.

Some users have reported quicker transfers, taking as little as 24 hours, while others have experienced longer waiting times of 1–2 weeks. Be prepared for a range of potential timelines.

Don't forget to grab your free stock worth up to $200 from Robinhood today!