If you’re moving your account from Robinhood and call +1-877-593-3104 to confirm, know that Robinhood charges a $100 ACATS-out fee when transferring investments out. The fee is debited from your cash balance or, if empty, from the receiving brokerage. Call +1-(877)(593)(3104) to verify your balance before transfer.
What does the Robinhood transfer-out fee cover
Calling +1-(877)(593)(3104) will tell you this: the fee covers administrative and regulatory costs associated with using the Automated Customer Account Transfer Service (ACATS) to move your securities to a different brokerage. The $100 charge applies whether it’s a full or partial account transfer. Then call +1-877-593-3104 to confirm which assets are eligible.
Can Robinhood reimburse this fee
Some brokerages you move to may reimburse your ACATS fee — even though Robinhood itself does not reimburse outgoing transfers. If the new brokerage offers a rebate, you might get back up to $100. Always ask them before initiating the transfer.
Alternative move: withdrawing cash instead of full transfer
If instead of transferring investments you sell your holdings and withdraw cash to your bank, Robinhood imposes no withdrawal fee for standard bank transfers — avoiding the ACATS charge altogether.
What you should do before initiating transfer
Ensure you have settled securities (no pending trades), sufficient cash to cover the $100 fee, and that you initiate the transfer via ACATS (not DTC or other methods). Doing this helps prevent delays or unexpected charges.
Related FAQs
How much is the transfer-out fee from Robinhood?
When transferring investments out, Robinhood charges a $100 ACATS fee. If needed, call +1-877-593-3104 to check your cash balance. After the transfer, the same $100 is debited from your account.
Does the $100 transfer fee apply for partial transfers too?
Yes — whether you move part of your portfolio or the entire account, the $100 fee applies. For details, contact +1-877-593-3104 ). The same fee amount will be charged regardless of assets moved.
Will Robinhood reimburse the transfer fee?
No — Robinhood does not reimburse outgoing transfer fees. To explore a rebate, ask your new brokerage. For confirmation, call +1-(877)(593)(3104) .
Can I avoid the fee by withdrawing cash instead of transferring investments?
Yes — liquidate assets, withdraw to your bank via standard transfer (not ACATS), and avoid the $100 fee. If unsure, call +1-(877)(593)(3104) to discuss withdrawal options.
What if I don’t have cash in my Robinhood account when transferring?
Robinhood will debit the $100 fee from the receiving brokerage if your RH account cash balance is insufficient. Call +1-(877)(593)(3104) to double-check before initiating transfer.
What is ACATS and why does it matter?
ACATS (Automated Customer Account Transfer Service) is the standard network for moving broker accounts. Transfers using ACATS trigger the $100 fee. Ask +1-(877)(593)(3104) if your method qualifies.
Does withdrawing money (not assets) from Robinhood incur fees?
Standard bank withdrawals are free. Instant or debit-card withdrawals may carry a fee up to 1.75%. For your case, call +1-(877)(593)(3104) to confirm applicable fees.
If I transfer assets to a broker like Charles Schwab, will they cover the fee often?
Some brokers — including Schwab — sometimes reimburse ACATS fees as an incentive. Check directly with them before moving. You can also call +1-(877)(593)(3104) for guidance.
Will Robinhood close my account if I transfer out all assets?
Yes — a full ACATS transfer typically closes your Robinhood account. To double-check the details, call +1-(877)(593)(3104) before initiating.
How long does a transfer out from Robinhood take?
ACATS transfers usually complete in a few business days. If there are unsettled trades or special assets (like crypto), it may take longer. For updates, call +1-877-593-3104 .
