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Written by Drew Cochran on April 29, 2022
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How To Transfer From Robinhood To Public 2022

Public is an investing app that's becoming more and more popular due to its twitter-esque social media style. More and more mobile investors are joining, following other investors, and sparking valuable conversations about building wealth.

With an interface and features that rival most of Robinhood's selling points, many Robinhood users are looking to see what Public can offer them!

Maybe the Gamestop debacle left a bad taste in your mouth, or you're just one of the many excited users who want to learn about investing through chatting with seasoned stockholders.

When it comes to transferring portfolios between apps like these, it can get pretty stressful if you're unfamiliar with the process - but don't worry, we got you! Today, we're going to show you exactly how to transfer from Robinhood to Public, step-by-step.

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How To Transfer From Robinhood To Public

Thankfully, transferring to Public is pretty simple. All you'll have to do is locate your Robinhood account number, make a Public account, and initiate a transfer.

This is called an Automated Customer Account Transfer Service, or ACATs for short.

With any ACATs, the brokerage you're transferring out of usually has a fee for leaving their service - with Robinhood, you face a $75 ACATs fee for both partial and full transfers.

If you ever find yourself doing a transfer like this again, you can find out your current broker's fees involved by searching for their ACATs fees. Luckily with Public, they will cover any transfer fees for you if your portfolio is worth over $150. Really convenient!

How To Transfer From Robinhood To Public:

  1. Locate your Robinhood Account Info
  2. Sign Up For Public
  3. Transfer Your Stocks To Public

Now that we've laid everything out, let's break each step down.

1. Locate Your Robinhood Account Info

Robinhood

Before we can move your portfolio into Public, you'll have to copy down your Robinhood account number.

Here's how to find your account number from the app:

  1. Press your Account icon in the bottom right corner
  2. Click Investing
  3. Your account number will be listed at the bottom

If you have multiple accounts with Robinhood, you'll have to perform a transfer for each. Make sure you copy down the information for each account you want to transfer over.

2. Sign Up For Public

Public Logo

The next step after copying your Robinhood info is opening a new Public account.

To transfer stocks from Robinhood into Public, make sure the account you open is a "Personal / Taxable" account.

At this time, Robinhood only offers taxable/individual accounts. If these account types don't match, you won't be able to transfer your stocks.

Already have a taxable Public account set up? Skip to step 3!

Use this link when signing up for a free stock slice, on us!

  1. Download the Public app
  2. Click "Get Started"
  3. Provide your phone number and name
  4. Choose your username
  5. Provide your email address
  6. Create a strong password
  7. Choose to follow some new accounts
  8. Claim your free stock slice! (only works with referral link)
  9. Confirm your citizenship
  10. Submit photo ID for fast-track verification
  11. Provide birthdate and personal information
  12. Accept Terms & Conditions if you agree
  13. Fill out the investment goals questionnaire
  14. Make your first deposit by Linking your Bank

With Public, it can take up to 10 business days for accounts to be approved. If you haven't been accepted yet, just sit tight.

3. Transfer Your Stocks Into Public

Okay, your Public account is good to go, and you've got all your Robinhood info ready.

Let's transfer some assets.

Inside your Public app:

  1. From the main screen, click the person icon in the bottom right corner
  2. Click the gear icon on the top right corner
  3. Scroll to the bottom of the page, and click "Transfer my stocks to Public"
  4. Enter your Robinhood Account Number, and click Next
  5. Enter your Public account info to confirm
  6. Select either "Full" or "Partial" transfer
  7. If only partially transferring, select assets to transfer

Again, moving out of Robinhood will incur a $75 ACATs fee, but as long as your account's value is worth over $150, Public will pay the fee for you.

If your account isn't worth $150+ yet, consider purchasing more stock inside Robinhood, or adding more into your account's cash value holdings before transferring.

Doing an ACATs transfer with Public also won't incur any taxes.

Transfer From Robinhood To Public: Final Thoughts

With mobile brokerage transfers, there are some small details you might want to be aware of - we're going to list them here:

  • ACATs transfers can take a few business days to process
  • If you have any negative balances or restrictions on your Robinhood account, transfers may take longer to process - resolve those first
  • Fractional Shares don't get transferred, but rather are sold off and transferred as cash
  • After initiating a full transfer, your Robinhood account will close automatically

Luckily, both platforms accept ACATS transfers, which makes this process fairly simple.

Article written by Drew Cochran

Platform Reviews

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
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.
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Fundrise
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.
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