Investing Simple Logo
Menu
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 December 27, 2021
Category: 
FTC Disclosure

How To Transfer From Robinhood To TD Ameritrade 2023

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

Robinhood is by far the most popular commission free stock trading app out there. Most new investors begin their journey here. However, there may come a time when you find yourself looking for more features or account types.

TD Ameritrade is a full fledged brokerage platform which has been around for many many decades. They offer numerous different account types including retirement accounts. Robinhood, on the other hand, does not offer retirement accounts at this time.

Whatever your underlying reason may be, we will explain how to transfer your brokerage account from Robinhood to TD Ameritrade. 

Best Free Stock Promotion

BrokeragePromotionLink
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

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

You may need to reference a DTC number for your transfer. Robinhood’s DTC number is 6769.

When you transfer stocks or cash from Robinhood to an outside brokerage such as TD Ameritrade, Robinhood will charge you a $75 fee. This fee applies whether you are doing a full or partial transfer of your account.

This will fee be debited from your Robinhood account’s available cash balance before the transfer.

2. Open A TD Ameritrade Account

TD Ameritrade Logo

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

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.

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. 

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.

Conclusion

Robinhood and TD Ameritrade cater to somewhat different types of investors.

TD Ameritrade is more sophisticated for intermediate to advanced traders. Transferring your account out of Robinhood and into TD Ameritrade can be done in a couple of minutes. However, it will cost you a $75 transfer fee paid to Robinhood.

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
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
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.
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 Cognitiveâ„¢
magnifiermenuchevron-downcross-circlechevron-down-circle

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.

18749
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram