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Written by Jenna Doege on November 9, 2023
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How To Transfer From Stash To Robinhood 2024

If you’re looking to transfer your investment account from Stash to Robinhood, you are in the right place.

The most common reason behind switching from Stash over to Robinhood is getting away from the monthly fee.

  • Stash charges a monthly subscription ranging from $3 to $9 per month.
  • Robinhood, on the other hand, does not charge any monthly fees - except for Robinhood Gold which is optional.

Whatever the reason behind the transfer is, we will show you how to do it!

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 Promotions

BrokeragePromotionLink
Robinhood Logo1 Free Fractional Share Worth $5 To $200Learn More
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What Can Be Transferred?

Robinhood supports the transfer of various asset types, including stocks, ETFs, and cash balances, among others.

Fractional shares, crypto, mutual funds, bonds, and other specific assets remain non-transferable.

Only individual cash, margin brokerage accounts, or traditional or Roth IRAs are eligible for transfers.

1. Gather Information From Stash

In order to transfer your assets, Robinhood is going to need your Stash account number.

You can find this in the app (steps below) or it is visible on your brokerage statements.

  1. Navigate to the icon in the upper left hand side of your Stash Account.
  2. Select Statement and Documents.
  3. Select ‘Portfolio Statement’ or ‘Trade Confirmation’ and you will find your account number in upper left hand corner of the statement.

2. Open A Robinhood Account

Next, you will need to open a Robinhood account.

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

Once you download the app on your phone or begin creating an account on their website, you will be prompted to provide basic information.

3. Assess The Fees

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

Before executing the transfer, you ought to be aware that Stash will charge $75 for an outgoing ACATS transfer. This fee will be deducted from your cash balance.

The good news is, Robinhood will reimburse you this transfer fee up to $75 if your transferred account value is $7,500 or more.

4. Transfer Steps In Robinhood App

Once your Robinhood account is open, you can follow these steps to initiate the transfer:

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

What Happens Next?

Robinhood enables users to track their transfer requests through the app's history section.

Upon initiating a transfer request, it typically takes 5-7 business days for the assets to settle in the Robinhood account. During the transfer period, users will be unable to access the positions being transferred from the external brokerage.

Account transfer requests can face rejection due to various reasons, including incorrect account numbers, the presence of ineligible assets, unmet margin balance requirements, or a lack of approved options trading status.

In such instances, users may need to resubmit their transfer requests to initiate the process again.

Article written by Jenna Doege

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

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

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