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Written by Ryan Scribner on December 4, 2023
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How To Transfer From Robinhood To TD Ameritrade 2024

There comes a time when many decide to transfer out of one brokerage account and into another.

If you've found yourself wanting to explore new opportunities or services, such as forex trading or mutual funds, TD Ameritrade might be the next logical step.

In this guide, we'll walk you through the process of transferring your stocks from Robinhood to TD Ameritrade, ensuring a smooth transition.

Check out my video on how to transfer your brokerage account below, let's dive in!

Learn More: Robinhood Retirement 3% Match

Robinhood is a popular "all-in-one" investing app.

While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.

Introducing Robinhood Retirement; home of the biggest IRA match on the market.

Robinhood IRA Boost

Here's what you need to know:

  • Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
  • All Robinhood investors will get a 1% Match on what they Contribute or Transfer
  • Robinhood Gold members will get a 3% Match - the biggest on the market

And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.

Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.

Best Free Stock Promotion

Robinhood Logo1 Free Fractional Share Worth Up To $200Learn More
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ACATS Transfer

The easiest and quickest method to transfer your Robinhood account to TD Ameritrade is by utilizing the ACAT system.

ACAT, or Automated Customer Account Transfer, is an electronic service designed to seamlessly move securities between brokerage accounts. This method eliminates the need for physical paperwork, making the transfer process efficient.

Robinhood supports outbound ACAT transfers, but be aware that there is a $100 fee for this service.

TD Ameritrade, however, will reimburse you for this fee once the transfer is complete, provided you submit proof of payment, such as a statement.

Eligible Assets

You can transfer stocks, options, ETFs and other assets into your TD Ameritrade account from another firm.

td ameritrade no crypto

However, you are unable to transfer cryptocurrency out of Robinhood. If you have any, you will want to liquidate it into cash.

That cash will transfer into your new TD account. Keep in mind, this could result in a capital gain which you would have to pay taxes on.

1. Open A TD Ameritrade Account

The process is simple from the TD Ameritrade platform:

  1. The first step is to set up a TD Ameritrade account within the app. There is no initial deposit required to open an account with TD Ameritrade.
  2. The next step is to make sure the name on your Robinhood account matches the name(s) on your receiving TD Ameritrade account.
  3. After logging in to your new TD Ameritrade account, go to My Account > Account Transfer. 

td ameritrade 3

The standard time period it takes for the transfer into your new TD Ameritrade account is about a week.

Once the transfer process begins, your Robinhood account will be restricted from placing new trades.

2. Gather Information From Robinhood

In order to transfer out of Robinhood, you will need to gather some information from them.

The most important is your Robinhood account number. This is also visible on your Robinhood statement, and it is likely that TD Ameritrade will ask you for a copy of this.

How to find your Robinhood account number:

  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

3. Initiate The Transfer

Finally, initiate the ACATS transfer within TD Ameritrade.

td ameritrade transfer 1

This can take a few business days. You will be able to track the progress of the transfer within your TD account.

Article written by Ryan Scribner
Ryan Scribner is the Co-Founder of Investing Simple and author of the personal finance book ‘From Side Hustle To Main Hustle To Millionaire’ (available on Amazon and at Barnes & Noble). He is recognized as a Top 100 Money Expert by GoBankingRates. Ryan Scribner runs a successful YouTube channel focused on money and investing, which he started in 2016. Scribner was exposed to the finance world early on with a dad who is a financial advisor. Before he started his YouTube channel, he was working and making a surplus of money which he began investing on his own. Then he started to document it on his YouTube channel, before launching the Investing Simple blog in 2018. Ryan Scribner has used his own experiences with money to show others what he’s done to be successful so that they can learn from it. He has been featured in The Wall Street Journal in a publication on The Financial Gurus Millenials Listen To. In addition, Ryan Scribner has been featured in MarketWatch, Business Insider and Forbes - where he was recognized as the #1 Must Watch YouTube Channel For Making Money.

Read more

Power Your Investing

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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.

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