Investing Simple Logo
Get 1 Free Stock Worth Up To $200 From Robinhood!
Sign up with Robinhood, deposit any amount and get 1 Free Stock. It takes less than 3 minutes to sign up and claim your Free Stock Bonus.
Earn 5.00% APY with M1 High-Yield Savings Account
M1 Plus members can earn 5.00% APY on their deposits with no minimum balance required.
Webull free stock promotion
Get Up To 5 Free Stocks From Webull
Open a new Webull brokerage account today and deposit any amount of money to receive 5 free stocks. Webull offers commission free stock, ETF, option and crypto trading.
Written by Cari Scribner on May 7, 2023
FTC Disclosure

How To Transfer From Robinhood To Fidelity 2023

Key Points

  1. Fidelity is an alternative to Robinhood for those looking for more features in their brokerage platform.
  2. Transferring from Robinhood to Fidelity can be done through ACATS and costs $75.
  3. Before initiating the transfer, make sure to resolve any account restrictions or negative balances.
  4. To initiate the transfer, gather information from Robinhood and login to your Fidelity account to complete the transfer process.
  5. During the transfer, your account will be restricted, and some assets like fractional shares and options contracts may be sold or not transferred.

Robinhood is the most beginner friendly stock trading platform available today. But at some point, you may find that you are looking for more features from your current brokerage platform.

One competitive choice you might want to look at is Fidelity, which also has an excellent reputation.

Fidelity has earned some of the industry’s highest accolades. It was rated Best Online Broker in 2020 by Barron's and Investor's Business Daily. It was also named #1 for Order Execution and #1 for Research by in 2020.

Still on the fence? Check out our comparison article on Robinhood vs Fidelity here.

If you decide to make the change from Robinhood to Fidelity, here's the process for making the switch!

How To Transfer From Robinhood To Fidelity

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

When you transfer stocks or cash from Robinhood to an outside brokerage such as Fidelity, there is a $75 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.

Transferring from Robinhood to Fidelity is actually pretty quick and can be accomplished in a few steps. Let's jump in.

Best Free Stock Promotions

Robinhood Logo1 Free Fractional Share Worth $5 To $200, 18 Companies To Choose FromDownload
Webull LogoWin Up To 12 Free Stocks Worth Up To $3,000 EachDownload
M1 Finance Robo Advisor$10 Bonus (When You Deposit $100+)Download
Moomoo LogoWin Up To 5 Free Stocks Worth $3 To $2,000 EachDownload
Acorns LogoFree $10 Bonus When You Invest $5+Download

1. Gather Information From Robinhood

You will need to give Fidelity your Robinhood Securities (RHS) account number.

You can find this information in your mobile app:

  1. Tap the Account icon in the bottom right corner
  2. Tap Investing
  3. 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.

Fidelity will most likely ask you for a copy of your most recent statement from Robinhood, so it is good to have that on hand as well. You can download a copy from the Robinhood website. This will also have your account number listed on it.

2. Initiate Account Transfer


To start an online transfer, you will need:

  • A statement from Robinhood to reference
  • Your Robinhood account details

Fidelity does not charge a fee to move assets from another institution; however as stated above, Robinhood charges $75.

To initiate the transfer, you will need to login in to your fidelity account or create an account if you do not already have one. Once logged in you will complete the following:

  1. Click "Transfer" along the top menu after logging in
  2. Select "Transfer an account to Fidelity"
  3. Choose the brokerage account you would like to move to Fidelity. Use the search bar to type in Robinhood.
  4. Enter in your Robinhood Account number
  5. You will then be asked if you would like to move your Robinhood assets into a new Fidelity account or an existing account
  6. Next, you will indicate whether this is a full account transfer or partial (Do you want to move everything or just a few stocks?)
  7. Finally, you will be asked to upload a recent Robinhood Statement for faster processing

Transfer FAQs

After you initiate a full transfer, your account will be restricted to ensure the transfer is processed in an organized way. However, 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.

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.

Any options contracts you have will also be transferred to Fidelity. Options that expire within 5 business days do not transfer.

Robinhood does support cryptocurrency trading. However, crypto assets cannot be transferred at this time. Your only option for transferring is to liquidate these funds into cash for the cash to be transferred.

Keep in mind, this could result in paying taxes on capital gains.

Transferring From Robinhood to Fidelity: Final Thoughts

Transferring funds and assets from Robinhood to Fidelity is actually pretty simple if you gather your information beforehand. You will need your Robinhood account number and a recent statement. Robinhood will also charge you $75 dollars for the transfer.

While the transfer is processing, your account will be locked to ensure proper operations. Should you have any questions, you can reach out to the Fidelity customer support team.

Article written by Cari Scribner

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
Copyright © 2018 – 2023 Investing Simple LLC. All Rights Reserved.
Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investing Simple has advertising relationships with some of the offers listed on this website. The information on Investing Simple could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.
Website managed by Stallion Cognitive™

Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram