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Written by Jenna Doege on November 22, 2023
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How To Transfer From Charles Schwab To Robinhood 2023

If you're looking to transfer your assets from Charles Schwab to Robinhood, here is our step by step guide.

This is possible through the ACATS transfer service, although there may be some fees involved.

Limited Time: Robinhood 1% Transfer Bonus

If you transfer an existing brokerage account to Robinhood through January 31st 2024, you can get an Unlimited 1% Transfer Bonus.

Robinhood Transfer Bonus

For example, if you transferred a brokerage account worth $50,000 - that would be a bonus of $500.

In addition, Robinhood offers a free stock for new users as well as a 1% IRA match for retirement accounts.

Best Free Stock Promotions

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Robinhood Logo1 Free Fractional Share Worth $5 To $200Claim Bonus
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Transfer Fees

Charles Schwab charges a one time $25 fee for a partial account transfer or $50 for a full account transfer. 

1. Open A Robinhood Account

The first step you need to take is setting up your new brokerage account with Robinhood.

If you already have an account with Robinhood, you can move on to the next step.

Use the button above to get a completely free stock when you sign up!

2. Gather Information From Charles Schwab

Charles Schwab logo

In order to initiate the transfer, you need your Charles Schwab account number.

This is visible on your statement sent monthly. You can also locate this by logging in to your Charles Schwab account.

3. Initiate The Transfer

Once you have opened a brokerage account with Robinhood, the next step is to initiate the transfer within Robinhood.

This is only possible via the Robinhood app, so you will want to download this onto your phone.

Transfer brokerage to Robinhood

You can execute the transfer with the steps below:

  1. Tap the person icon along the bottom navigation menu in the Robinhood app
  2. Tap the three lines icon in the top left corner
  3. Select "Transfers"
  4. Choose "Transfer accounts into Robinhood"
  5. Select Charles Schwab by typing it in the search bar
  6. Enter in your Schwab account number
  7. Confirm your account name
  8. Answer whether or not your Schwab account has mutual funds or bonds
  9. Choose full or partial transfer
  10. Review the transfer and submit
Article written by Jenna Doege

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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.
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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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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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