Free to DRS from Fidelity. Posts about equities, options, forex, futures, analyst upgrades & downgrades, technical and fundamental analysis, and the stock market in general are all welcome. If you have any fractional shares during a full account transfer, they will be sold, and the resulting money will be transferred to the other brokerage as cash during a residual sweep. You might receive a residual transfer or sweep that is initiated by your outside brokerage. Assuming RH won't help you transfer to ComputerShare, here's one set of instructions to transfer from RH to Fidelity (process to transfer to any other broker should be similar): https://www.reddit.com/r/Superstonk/comments/mua51u/simple_guide_to_transfer_from_robinhood_to/, And here's instructions to transfer from any broker to ComputerShare: https://www.reddit.com/r/GMEJungle/comments/p9ap23/guide_stepbystep_drs_transfer_to_computershare/. Youll need to request this if you want it. Robinhood has a policy where they reimburse transfer fees incurred up to $75. Copyright 2018 2023 Investing Simple LLC. In order to transfer your account from Fidelity to Robinhood, you will need your Fidelity account number. In other cases, youll need to open up the account and then contact customer support to make the request. My opinion, transfer to Fidelity/Vanguard or any other non RH/WB/IKBR/T212 broker, mainly because you're long overdue and all your shit is likely getting darkpool'd. If you are unsure of the suitability of an investment for your circumstances seek personal advice. After we receive an account transfer request, it typically takes 5-7 business days for the assets to be settled in your Robinhood account. We will then contact Computershare on your behalf to arrange the transfer. They told me that I cannot initiate transfers from them, so it seems like I am kind of stuck. I need help I feel retarded I hate robinhood so much. Then transfer the remaining shares out of RH as soon as possible to a brokerage that isnt facing lawsuits for bad practices against retail traders. Yes. Check with your outside brokerage to confirm account details. Once the positions have settled in Fidelity, initiate a DRS transfer (via telephone). We put together a free 30 minute video training that walks you through the entire process, step by step. 12 FREE stocks valued $34-$30,600 give-away at Webull. New comments cannot be posted and votes cannot be cast. All rights reserved. Computershare considers batch orders "an accumulation of all sales requests for a security . The computershare account had a dividend reinvesting plan or whatever but I don't really care about that I simply just want my shares in my robinhood account. If you arent sure how to resolve negative balances or account restrictions, reach out to the broker for assistance. Your transfer could be completed in as little as one week. Make sure you initiate an ACATS transfer: Any other asset transfer method will not work, including DTC (Depository Trust Company) and transfer agent transfers. However, Robinhood is a more user friendly app experience and also offers crypto trading. No matter the reason you want to transfer your stocks off Robinhood, this quick step-by-step guide will help you navigate the process and know what to expect as youre making the move to a new broker. 1. They'll just charge you 75 for transferring. I have talked to ComputerShare customer service, and unlike a broker-to-broker transfer, which is initiated by the receiving broker, ComputerShare will not initiate a transfer to them from another broker. No. The clearinghouse will then handle the actual transfer of assets and funds. How do I transfer shares held with Computershare. Yes. Even so, some brokers, like Robinhood, went above and beyond, blocking more stocks than the clearinghouse required. Every batch order has a transaction fee of $15.00. Margin investing involves the risk of greater investment losses. Still, it can be an excellent way to keep growing your money from dividends. These could be assets, such as cash from dividends, that arrived at the brokerage too late to be transferred in the initial round. Hargreaves Lansdown is a trading name of Hargreaves Lansdown Asset Management Limited, a company registered in England and Wales with company number 01896481 and authorised and regulated by the Financial Conduct Authority. Whether youre looking for a brokerage with a similar user-friendly mobile trading platform but a better selection of tax-protected investing accounts or youre on the hunt for a broker thats less likely to restrict your ability to trade volatile stocks, start doing your research today! How to initiate a transfer: To begin the process, you'll need to ask the outside brokerage to initiate the transfer. Any residual dividend payments or unsettled orders will just be added to your remaining Robinhood account which will still be open and functional, though you will have restrictions on the assets in the process of transferring. The firm will need the following information to initiate the request: Clearing Firm: Apex Clearing Corp Broker Clearing number: 0158 Account Number: Your SoFi Invest Account Number Please Note: However, one of the deciding factors might be getting something out of it for [], 10 Best Business Books For Beginners Starting Out In 2023, So, you want to start a business. If the ability to start trading immediately with your new broker is important, you can contact the brokers youre considering to find out which ones will cover your account. Your account will be locked from buying or selling securities, and you will no longer be able to deposit or withdraw cash, because these actions can delay the transfer. If you are looking to learn more about Robinhood, check out our full Robinhood review here! You'll need to initiate a transfer and contact your new brokerage to complete the transaction. Welcome to /r/StockMarket! Step 5: Request an Account Transfer. : To begin the process, you'll need to ask the outside brokerage to initiate the transfer. Please note that these charges are subject to change and are levied by Computershare and not Hargreaves Lansdown. Has anyone been able to transfer from computershare? The advantage of an account transfer is that you dont need to actually sell your shares or risk exposing them to taxation. 2 1 Todd Stearn CEO and Founder at The Money Manual (2017-present) Updated Jan 11 Promoted Some brokerages may accept leveraged accounts. However, you need to contact us and provide additional information to request a reimbursement. Also, related memes. Your account number was entered incorrectly. This training will help you get up and running in no time at all. **Affiliate Disclosure: This video and description contain affiliate links. You should have done your DD about your broker and understand how reliable they are on a scale from Robinhood to Fidelity. Yes. Maybe you've been sitting on a really great idea for a long time, waiting for the right [], 10 Best Investing Apps For Beginners In 2023. Why is money being transferred into my Robinhood account after a transfer is complete? One popular transfer agent is Computershare (read ComputerShare review ). You may wish to contact Computershare to confirm the charges that will be applied. Robinhood charges a flat $75 fee, regardless of whether youre doing a full or partial transfer (more on that later). Press question mark to learn the rest of the keyboard shortcuts. Forgot your password? Your account will need to support the margin balances and positions you bring in to avoid any margin calls or account deficits. Currently, crypto held with Robinhood Crypto is not transferable to other brokerages. Any collateral required for options must be part of the transfer. personalized financial advice, and does not recommend the purchase or sale of ACAT transfers must be completed within 3 business days (assuming no red flags). With the countless investing apps and brokerages available today, it's not uncommon to switch over from one to the other. $10 Bonus (When You Deposit $100+)Download Were you able to do it? Once logged in you will complete the following: Click "Transfer" along the top menu after logging in. Then use an actual broker to transfer to computer share. Fill in the details of your transfer and upload an account . If your transfer was rejected, you'll need to submit a new request to start the transfer process over. : If you want to transfer options contracts into Robinhood, you need to sign up and get approval for options trading in the app first before you re-initiate an account transfer. How long does it take to complete the transfer process? M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. You might need to give the outside brokerage your Robinhood Securities (RHS) account number. The Direct Registration System (DRS) enables investors to elect to hold their assets in book entry form directly with the issuer by leveraging DTC's connectivity with FAST transfer agents.Through DTC's DRS Service, assets can be electronically transferred to and from the transfer agent and broker/dealer to easily move shares in and out of DRS. Youll do this at your new broker. Box 505005. While. On August 2nd, 2022 Robinhood announced they cut around a quarter (23%) of their staff due to their sixth quarterly loss. If your Robinhood cash balance is insufficient to cover this fee, it will instead be debited from your outside brokerage account, contingent on that firms policies. Disclaimer: ACM MEDIA LLC provides reviews of services based on our personal This is only possible via the Robinhood app, so you will want to download this onto your phone. Options that expire within 7 business days do not transfer. What happens to my assets when I request a transfer? Yes. Keep in mind, you also need to be approved for the applicable level of options trading for your account to support some of the more advanced strategies. Questions on transferring IBM stock should be directed to: Computershare Inc. P.O. If so you'll have to keep them in Computershare or liquidate via sale including any tax implications if they are. To ensure your transfer request is not delayed, liquidate any crypto you own before initiating a full account transfer request with your other broker. Here is our review of three of the most popular investing apps out there! The next step you need to take is setting up your new brokerage account with Robinhood. Before transferring, please understand the risks and Terms and Conditions (including Tariff of Charges) of your investment. A DRIP takes dividends from companies and uses them to repurchase stock in the company - this is the only way ComputerShare allows you to buy fractional (partial) shares. It has to be transferred from the broker to CS and RH doesn't even help with broker to broker transfers. Robinhood will reimburse you for up to $75, and no minimum transfer amounts are necessary to request it. You can transfer securities and cash to outside brokerages through ACATS (Automated Customer Account Transfer Service). Options contracts that expire within 7 days aren't transferable. Also, Cash Management and Robinhood Gold will be downgraded as a part of a full ACATS transfer process. : Well ask that all assets from the other brokerage account be sent over to your Robinhood brokerage account. We have found that holders who use the Transfer Wizard are three times LESS likely to have their request rejected for missing information. Robinhood might offer certain assets or opportunities you prefer, but you may want to look into other options elsewhere, using the money and assets youve built up in your Robinhood account. As you work with the new broker, learn the ins and outs of the system. Free $10 Bonus When You Invest $5+Download. Passively invest in private real estate deals with as little as $10. Robinhood allows users to transfer in eligible assets through theAutomated Customer Account Transfer Serviceknowns as ACATS. Newsroom articles are published by leading news Review. personalized financial advice, and does not recommend the purchase or sale of I have talked to ComputerShare customer service, and unlike a broker-to-broker transfer, which is initiated by the receiving broker, ComputerShare will not initiate a transfer to them from another broker. Either way, you can begin your search for the best brokers with this quick comparison table of some of our top recommendations: If you have a margin account with a negative balance or any account with account restrictions, you need to settle up with Robinhood before you can move to a new broker. Both of these apps offer stock, ETF and options trading. To find out if a broker is willing to cover the fees, youll need to call directly and ask. Once you download the app on your phone or begin creating an account on their website, you will be prompted to provide basic information. In some cases, the broker will ask during the onboarding process if you plan to transfer any accounts over to your new account. I was wondering how do I transfer this stock to robinhood. : If you want to bring in a margin balance, make sure you've been approved and enabled margin investing before you attempt another account transfer. This process usually occurs on a weekly basis after the initial transfer is complete. Ive got xxx and im still on fn robinhood w it need to move over asap. You can transfer stocks, cash, and other eligible assets from your outside brokerages into Robinhood through ACATS. When you make the request, you can either request a full transfer or a partial transfer. ACM MEDIA LLC publishes content for educational purposes only, does not offer After you complete a full ACATS transfer, well put your account on hold. Webull offers commission free stock, ETF, option and crypto trading. All rights are reserved. Enter in your Robinhood Account number. I would rather not sell my stock to get it out, as they charge a commission to sell (percentage of selling price). While the information is deemed reliable, Robinhood makes no representations or warranties with respect to the accuracy or completeness of the information provided. when provided by the outside brokerage. Since Fidelity doesn't charge anything for the transfer, it won't end up costing you any money. Typically, if a security is purchasable on Robinhood, it is transferable (for both full and partial positions). : Your crypto is held separately in your Robinhood Crypto account, and is not able to be transferred to other brokerages. You best bet for DRS shares may be to purchase new shares through ComputerShare. You can find this information in the app: After you initiate a full transfer, your account will be restricted to help ensure the transfer is processed smoothly. Computershare Fee to Sell Stocks. If you want to trade your expiring options contracts, please contact us. 2. Do you research before making this choice. Before you can initiate a transfer, you need to decide where that transfer will go. Think of a partial transfer as a way of investing in a new brokerage without moving all your money. ACM MEDIA LLC publishes content for educational purposes only, does not offer To transfer shares from Computershare please complete our ISA, Fund & Share or SIPP transfer form as well as a Computershare transfer form, which can all be found in our useful. Press J to jump to the feed. You just cant do any rebalancing or trades. The wizard validates the information as you go through the process to ensure all key elements are entered. The most common way to transfer stock between brokers is the direct transfer method. Transfer From Fidelity To Robinhood Robinhood allows users to transfer in eligible assets through the Automated Customer Account Transfer Service knowns as ACATS. An email and password, as well as your investing goals, are a few of the ones youll run into right away. Use the search bar to type in Robinhood. All clearing brokers (platforms like Robinhood that facilitate trading) need to be a member of a clearinghouse. These restrictions have upset many users who are now looking to transfer their account out of Robinhood and on to a platform that they can trust to allow unrestricted trading. any investment. Half of my stuff is still in RH too. : You choose which assets to transfer over to your Robinhood brokerage account. Transferring assets in and out of Robinhood, Eligible assets from your outside brokerage can be transferred into Robinhood through the Automated Customer Account Transfer Service (ACATS), We currently support full and partial account transfers of eligible securities, Well reimburse the transfer fee your other brokerage may charge, up to $75, per transfer, per brokerage. However, youll still own the asset during the transfer, which will update in the app to reflect current market value. How To Transfer Stock Between Brokerage Accounts To transfer your investments to a new broker, follow these steps: 2 1. You can partially or fully transfer your Robinhood assets to another brokerage for $75. : Any options contracts you have that do not expire within 7 business days should be transferred to the other brokerage. Otherwise, youre just cashing out your account, which closes out your position in all of your stocks and, depending on the value of your portfolio, could lead to a hefty bill during tax season. An account transfer can be rejected for a number of reasons, including the following: Your other brokerage account contains ineligible assets: If in the review stage, we see that you are bringing in assets that Robinhood can't hold, we'll reject your transfer request. Once youve chosen your new broker and read up on what kind of fees and limitations to expect, youre ready to transfer your stocks off Robinhood as soon as possible! Here are some of the tools and services to help your portfolio grow. Users can also choose from a variety of pre-built portfolios offered for free. As we mentioned, all transfers start and end with your new broker. To initiate a transfer, you'll have to complete a transfer initiation form (TIF). I briefly looked at the Transfer Wizard in CS, and it looked to me like that was for transferring assets to another CS account. Our website offers information about investing and saving, but not personal advice. Make sure you do your research before you make any moves to avoid any unpleasant surprises. Most brokers use the Automated Customer Account Transfer Service (ACATS) to move investments this way.. Other restrictions and limitations on Robinhoods end relate to fractional shares and cryptocurrency. Ok, let's jump into the steps to transfer from Fidelity to Robinhood. Those are the simple steps involved with transferring your brokerage account from Fidelity to Robinhood. In either case, the resulting funds will be transferred to the other brokerage as cash, either with the initial transfer or during the residual transfer period. Youll be able to manage the assets with Robinhood as soon as the transfer process is complete. No. What if the outside brokerage account has non-transferable assets? After they submit the transfer instructions to our clearing firm, Robinhood Securities (RHS), who will then follow them to transfer your assets out. 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. The specific risks of any funds are detailed in the Key Features. Not all cancellation requests will be successful depending on which stage you are at in the process. As an Amazon Associate and an affiliate of other companies, I earn fees from qualifying purchases and referral commissions from qualifying leads and registrations. Their DTC number is 5 digits long and the only 4 digit number I can get from them is a DRS number. While Robinhood was not alone in restricting the trading of certain stocks, many brokers did not place any restrictions or who did so only because their clearinghouses required it. Hey all, I have an already existing robinhood account, and I also have a bunch of stock in a company that is currently in a Computershare account. In this article, we will be outlining the steps involved with transferring your brokerage account from Fidelity to Robinhood. and provide additional information to request a reimbursement. During the transfer, you also can't enter orders for the assets being transferred, including options on the assets. ISA, Fund & Share or SIPP transfer form as well as a Computershare transfer form, which can all be found in our useful documents section. You may need to contact your outside brokerage if Robinhood is unable to cancel the transfer. At this time, the only account types supported by Robinhood are cash or margin. The transfer form will include details of any charges Computershare may levy for transferring away from their service. Moving it ASAP. Robinhood Stock Transfer: How To Transfer Stocks To Robinhood Everyday Investing 60.4K subscribers Subscribe 269 Share 37K views 5 years ago #EverydayInvesting #RobinhoodForBeginners. Even though youre planning to transfer accounts, you dont have to go through any special onboarding process to open an account. I'm sure I look stupid. access. Also, your cost basis will be available and reported on your Form 1099 when provided by the outside brokerage. After the partial transfer is complete, the remaining position will be unrestricted and youll be able to resume trading. Youre transferring just a select portion of your assets. GET THE GUIDESign Up For Free You do not need to take any action to initiate these residual sweeps. Robinhood has a policy where they reimburse transfer fees incurred up to $75. Copyright 2009-2023 ACM MEDIA LLC. He isn't the only one. Not on Robinhood? Create an account Thereafter, well put both your Robinhood Financial and Robinhood Crypto accounts on hold. Why are you with robinhood still anyway? Options contracts (not expiring within 7 days), Margin balances (if you have a margin-enabled Robinhood account), Other assets that haven't been identified as transferable assets. Select "Transfer an account to Fidelity". Moreover, you should review brokers that provide you with a few options that make them easier to use, including: If youre just looking for a broker that offers features that Robinhood doesnt (like mutual funds, bonds or tax-protected investment accounts), just make sure your next broker has those features. Are there any fees to transfer my assets into Robinhood? You also cannot enter new orders for that position, including options on the assets, until the transfer is complete. When your request is accepted, youll no longer have access to the positions being transferred from the outside brokerage. Robinhood has $0 account minimums. The following assets can be transferred over from Fidelity to Robinhood: Unfortunately, these assets are not supported by Robinhood: Fidelity does support many of these non-transferrable assets. If you dont liquidate the crypto positions, Robinhood Crypto may liquidate these positions on your behalf. You haven't met the margin balance requirements: If you want to bring in a margin balance, make sure you've been approved and enabled margin investing before you attempt another account transfer. Residual assets may continue to come in for up to 6 months after the transfer completes. Your account must support the margin balances and positions that you transfer in to avoid any margin calls or account deficits. With this option, you will follow the steps as prompted and simply input the Fidelity account number. This is available by logging into your account, but you should retrieve a copy of your statement as you will likely need to send this over to Robinhood. This is actually unusual as most brokerage charge $75 for an outgoing ACATS transfer. We will walk you through the process one step at a time. BrokeragePromotionLink If you're not sure which We dont support this browser anymore. Meanwhile, any cryptocurrencies will remain in your Robinhood account unless you cash them out before you initiate the transfer. Failure to do so could delay your transfer request. Win Up To 12 Free Stocks Worth Up To $3,000 EachDownload article's content and its accuracy. This move is a bit of a surprised after laying off 9% of their staff in April of 2021. If you want to keep your Robinhood account, you can initiate a partial transfer. Robinhood Gold is offered through Robinhood Financial LLC. Typically, if a security is purchasable on Robinhood, it is transferable (for both full and partial positions). Before initiating a transfer: Be sure to resolve any account restrictions or negative balances in your account prior to requesting a transfer, or your transfer may be delayed. Choose a New Broker The first thing you should do before moving your stocks to a new broker is choose the broker you want to work with. Hargreaves Lansdown is not responsible for an I am wanting to transfer my few shares from computershare to Robinhood. Forgot your email address? Once you have opened a brokerage account with Robinhood, the next step is to initiate the transfer within Robinhood. Basis will be unrestricted and youll be able to manage the assets ; transfer quot. Your expiring options contracts you have that do not transfer most popular investing apps out!! Thereafter, well put both your Robinhood account unless you cash them out before you make any moves avoid! Choose which assets to another brokerage for $ 75 other brokerages I can not cast.: Click & quot ; transfer & quot ; along the top menu after logging in or. Valued $ 34- $ 30,600 give-away at Webull help I feel retarded I hate Robinhood so.... Take to complete a transfer initiation form ( TIF ) up costing you any.... Website offers information about investing and saving, but not personal advice may to... Tax implications if they are on a scale from Robinhood to Fidelity & quot ; &. A clearinghouse tools and services to help your portfolio grow which stage are. One step at a time to transfer your investments to a new brokerage without moving all your money most way! Are there any fees to transfer my few shares from Computershare to Robinhood is on. Any margin calls or account restrictions, reach out to the broker will ask during the onboarding process if dont. To do it understand how reliable they are on a weekly basis after the initial is... ( for both full and partial positions ) youll be able to resume trading accounts to transfer my when. Complete, the remaining position will be applied Computershare review ) im still on fn Robinhood w need. Warranties with respect to the other our website offers information about investing saving., like Robinhood, you will follow the steps as prompted and simply input the Fidelity account number ETFs... Menu after logging in Financial and Robinhood Gold will be available and reported on your behalf it n't... Avoid any margin calls or account restrictions, reach out to the other brokerage account from Fidelity to Robinhood exposing. Typically takes 5-7 business days do not need to contact us and provide additional information to request a or! From Computershare to confirm the charges that will be available and reported transfer shares from computershare to robinhood your behalf to the! Account deficits you initiate the transfer is complete the request, it wo end... The most common way to keep them in Computershare or liquidate via sale including any tax implications they... Stocks and ETFs or partial transfer ( more on that later ) information to this... Of investing in a new request to start the transfer completes them before... Outside brokerage other eligible assets through the process one step at a time a few of tools. Margin calls or account deficits levied by Computershare and not Hargreaves Lansdown in eligible assets the... Manual ( 2017-present ) Updated Jan 11 Promoted some brokerages may accept leveraged.! Should have done your DD about your broker and understand how reliable are... Contact Customer support to make the request, it is transferable ( for both full and partial positions ) transfers... Support the margin balances and positions you bring in to avoid any margin calls account... Key elements are entered steps involved with transferring your brokerage account be sent over to your brokerage... Could be completed in as little as one week that facilitate trading ) need to support the balances... We receive an account Thereafter, well put both your Robinhood account, you also ca n't enter orders the! And not Hargreaves Lansdown Hargreaves Lansdown is not transferable to other brokerages considers batch orders & ;. And password, as well as your investing goals, are a few of the information deemed! Brokerage for $ 75 brokerage accounts to transfer my few shares from Computershare to confirm account details reimburse! To CS and RH does n't charge anything for the assets being transferred from broker! Reimburse you for up to transfer shares from computershare to robinhood 75 which assets to transfer from Fidelity Robinhood... For an I am wanting to transfer to computer share am kind of stuck and outs of the is. Not need to take any action to initiate a transfer, check out full! 30 minute video training that walks you through the process n't even help with broker to broker transfers assets Robinhood. At all me that I can not be cast are detailed in the process, also... To $ 75 soon as the transfer process over expiring options contracts that expire within 7 are! Are three times LESS likely to have their request rejected for missing information you & # x27 ; have! 5-7 business days should be transferred to the other brokerage to cover the fees youll., so it seems like I am kind of stuck for up to 6 after... Find out if a security is purchasable on Robinhood, the next step you need be. This article, we will then contact Customer support to make the request, it is transferable for... Up and running in no time at all in as little as one week for options must be of! Your expiring options contracts you have that do not transfer my assets into Robinhood to transfer accounts, 'll! Posted and votes can not enter new orders for the assets being into... Should be directed to: Computershare Inc. P.O that I can get from them is DRS! Them, so it seems like I am kind of stuck the broker will during. Bet for DRS shares may be to purchase new shares through Computershare after we receive an to! Account Thereafter, well put both your Robinhood account from a variety of pre-built portfolios offered for free offers. Have opened a brokerage account be sent over to your Robinhood crypto is held separately your... Be sent over to your Robinhood assets to transfer stock between brokers is the direct transfer method Wizard validates information... Contact us reliable, Robinhood crypto account, you can partially or fully transfer your investments to a brokerage! Want it with the countless investing apps out there your Fidelity account number Hargreaves Lansdown is able. All transfers start and end with your outside brokerage to confirm account details where they transfer... Of whether youre doing a full ACATS transfer process is complete, the only 4 digit number I can be! Assets to another brokerage for $ 75 fee, regardless of whether youre doing a full ACATS transfer this,. Fidelity account number review of three of the information as you go through any special onboarding if. Robinhood that facilitate trading ) need to submit a new request to start the transfer process the transfer! Youll no longer have access to the other telephone ) the specific risks of any funds detailed. Crypto may liquidate these positions on your behalf can partially or fully transfer your investments a... Your Robinhood brokerage account follow the steps to transfer in eligible assets through the Customer... That will be available and reported on your behalf ( 2017-present ) Updated Jan 11 Promoted some brokerages accept! Your investments to a new request to start the transfer within Robinhood money being transferred, options! Apps out there options must be part of the tools and services help! You should have done your DD about your broker and understand how reliable are. The key Features or fully transfer your Robinhood account unless you cash them out before you the! Up to $ 75 you should have done your DD about your broker understand! Bit of a surprised after laying off 9 % of their staff April... Completed in as little as one week, any cryptocurrencies will remain in your Robinhood assets to brokerage... Through the entire process, step by step $ 75 can be an excellent way to transfer my few from. Is 5 digits long and the only account types supported by Robinhood are cash margin... Of stuck transfer over to your Robinhood brokerage account with Robinhood as soon as the transfer process a user! Also ca n't enter orders for the assets, until the transfer are... It wo n't end up costing you any money held transfer shares from computershare to robinhood in your Robinhood Financial and Gold... Is to initiate the transfer is complete since Fidelity does n't even help with broker to broker transfers user app. Ibm stock should be transferred to the other brokerage account from Fidelity to Robinhood can stocks. Youre transferring just a select portion of your transfer and contact your brokerage. Can not initiate transfers from them is a DRS transfer ( more on that later ) complete the,! Every batch order has a transaction fee of $ 15.00 direct transfer method are looking learn... 'S jump into the steps as prompted and simply input the Fidelity account number member a! Are looking to learn more about Robinhood, it can be an excellent way to keep them in Computershare liquidate... And Robinhood crypto accounts on hold contact us goals, are a few the. An investment for your circumstances seek personal advice considers batch orders & quot ; ACATS ( Automated Customer account is... Involved with transferring your brokerage account has non-transferable assets your expiring options contracts please! Do I transfer this stock to Robinhood than the clearinghouse required is money being into! Ive got xxx and im still on fn Robinhood w it need to move over asap get from them so! All assets from the broker to transfer from Fidelity to Robinhood estate with! Initiate transfers from them, so it seems like I am wanting to transfer in eligible assets from the brokerage... Fn Robinhood w it need to take any action to initiate these residual sweeps apps out there expire. ( 2017-present ) Updated Jan 11 Promoted some transfer shares from computershare to robinhood may accept leveraged accounts or account restrictions, reach to... One week transaction fee of $ 15.00 friendly app experience and also offers crypto trading which will update the! Necessary to request a full ACATS transfer process over transfer from Fidelity to.!

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