Investing Simple Logo
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 Jenna Doege on March 24, 2023
FTC Disclosure

How To Transfer From TD Ameritrade To Robinhood 2023

TD Ameritrade is one of the largest and most well respected brokerage platforms available to investors today. They have been serving clients for many decades. However, the TD Ameritrade brokerage platform offers a lot of options to investors. This could be overwhelming for a complete beginner. 

Enter Robinhood, the original commission free trading app. You won't find all the features and account types that TD has. However, the app is designed to be as user friendly and easy to use as possible. 

Whatever your reason may be for making the switch, we will show you how to transfer from TD Ameritrade to Robinhood. 

How To Transfer From TD Ameritrade To Robinhood

TD Ameritrade supports account transfers through the ACATS service. This type of transfer is also supported by Robinhood.

If you are doing a partial account transfer, which means only transferring some of your assets, they do not charge a fee. For a full account transfer, TD Ameritrade charges a $75 one time fee deducted from your brokerage account cash balance.

The good news, however, is that Robinhood offers a transfer fee reimbursement. Robinhood will reimburse you up to $75 when you transfer into their brokerage from another competitor.

So, the transfer fee will be reimbursed and it won't end up costing you anything except for your time. However, in order to receive the reimbursement, you will have to contact the Robinhood customer service team.

Keep in mind, the only account types supported by Robinhood are cash and margin accounts. If you have a retirement account with TD Ameritrade, for example, you would not be able to transfer that over to Robinhood at this time.

So, to actually execute the transfer, there are 3 simple steps:

  1. Gather information from TD Ameritrade
  2. Open a Robinhood account (if you do not already have one)
  3. Initiate transfer

Let's take a closer look at each step.

Best Free Stock Promotions

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 TD Ameritrade

TD Ameritrade Logo

In order to transfer your account, you will need to collect some important information.

The main thing you will need is your TD Ameritrade account number. You can view this by logging on to your TD account or it is on your brokerage statement. 

Robinhood may also ask you to upload or email a copy of your most recent statement from TD Ameritrade, so it is a good idea to have this on hand.

2. Open A Robinhood Account

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

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.

Since this is a taxable investment account, they will need to collect information such as your name, address, employer and social security number. Once you fill out all of the information, Robinhood will review it and get back to you if they need any additional info.

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.

How to transfer your brokerage to Robinhood

One of the options for funding your new Robinhood account will be to transfer in an existing brokerage account. That is the option you will want to select.

At that point, you will need to provide Robinhood with the information you gathered from TD Ameritrade earlier on. You may need to email them a copy or upload a copy of the most recent statement.

If you already have an account with Robinhood, then you can follow the steps below 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 TD Ameritrade by typing it in the search bar
  6. Enter in your account number
  7. Confirm your account name
  8. Answer whether or not your TD Ameritrade account has mutual funds or bonds
  9. Choose full or partial transfer
  10. Review the transfer and submit

Robinhood Free Training Shortcode (#8) (#9)

Robinhood Free Training

We put together a free 30 minute video training that walks you through the entire process, step by step. This training will help you get up and running in no time at all.


Transfer From TD Ameritrade To Robinhood: Conclusion

Transferring over from TD Ameritrade to Robinhood is a relatively straightforward process. Everything is handled by Robinhood once you supply them with the requested information from TD.

Thanks to the Robinhood reimbursement, the $75 fee charged by TD won't be a consideration.

Keep in mind, TD Ameritrade supports many assets that are not supported by Robinhood such as OTC stocks. You will need to sell these beforehand to transfer over the cash balance. This could result in paying taxes on any capital gains from the sale.

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 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
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 Cognitive™

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.

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