You may need to contact your outside brokerage if Robinhood is unable to cancel the transfer. 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. 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. Even though youre planning to transfer accounts, you dont have to go through any special onboarding process to open an account. 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. Once the positions have settled in Fidelity, initiate a DRS transfer (via telephone). If so you'll have to keep them in Computershare or liquidate via sale including any tax implications if they are. As the name implies, a full transfer will completely move your entire portfolio over to your new broker and then close out your Robinhood account. Simply return your forms (and cheque for fees if applicable) to our freepost address: Freepost HARGREAVES LANSDOWN. 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. Your account must support the margin balances and positions that you transfer in to avoid any margin calls or account deficits. RHF and RHS are registered broker-dealers that support equities and options trading, while Robinhood Crypto (RHC) supports crypto trading. Get a free stock when you open an account below. 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/. 2. I am wanting to transfer my few shares from computershare to Robinhood. For cost-basis questions, ask the outside brokerage directly. Choosing the right product and service is essential for your investing. Since Fidelity doesn't charge anything for the transfer, it won't end up costing you any money. $0 commissions + transfer fee reimbursement. 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. Still, it can be an excellent way to keep growing your money from dividends. There is no reason to contact Robinhood at any point, except when settling a negative balance or cashing out your crypto investments. Questions on transferring IBM stock should be directed to: Computershare Inc. P.O. Options: Any options contracts you have that do not expire within 7 business days should be transferred to the other brokerage. before you initiate the transfer process. ISA, Fund & Share or SIPP transfer form as well as a Computershare transfer form, which can all be found in our useful documents section. How long does it take to complete the transfer process? You might need to give the outside brokerage your Robinhood Securities (RHS) account number. To initiate your transfer, please set up your transfer online: Log into your Wealthsimple account and select, " Add or Transfer an Account". Fill in the details of your transfer and upload an account . How do I transfer shares held with Computershare. Perhaps you're driven by a creative vision you can't help but give your best to. The following lists important account details about some of the outside brokerages: Account number is usually 17 total characters in length: 4 letter alpha partner code, 3 numeric branch code, 10 digit alphanumeric account number, Account number must be 9 alphanumeric characters, Account number usually 8 alphanumeric or numeric characters, Account number must be 9 characters, usually 3 alphanumeric characters, followed by 6 numbers or 9 numeric digits, Account number must be 8 or 11 numeric digits, Account number must be 8 alphanumeric characters, SoFi Securities, WeBull, TradeZero, Ally Invest, Stockpile Investments, Level X, TradingBlock, Dough, 1st Trade Securities, Gatsby, Trade App, All of Us Securities, SogoTrade,Public, M1 Finance, Tastyworks, Tradier Brokerage, Viewtrade, Redbridge Securities, Titan Invest, United Income, Father Finance, 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. : 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. What if the outside brokerage account has non-transferable assets? Once you have opened a brokerage account with Robinhood, the next step is to initiate the transfer within Robinhood. Welcome to Transfer Wizard Home With the Computershare Transfer Wizard, transferring your shares is easy. Every batch order has a transaction fee of $15.00. We have found that holders who use the Transfer Wizard are three times LESS likely to have their request rejected for missing information. However, you'll still own the securities or positions during this time, and they'll update in the app to reflect their current market value. Most brokers use the Automated Customer Account Transfer Service (ACATS) to move investments this way.. Transferring assets in and out of Robinhood. You can still view your stocks and other assets in the app to monitor changes. When you do move it make sure you have at least $75 in your RH account, and dont touch the stock for 5 days. If you decide to use Robinhood again, you can subscribe to Robinhood Gold. 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. Louisville, KY 40233-5005 (888) IBM-6700 (United States, Canada and Puerto Rico) After the initial transfer is complete, you might still receive additional assets in a residual sweep. This residual sweep is done to collect any pending dividend payments, unsettled trade orders or assets that werent included in your portfolio at the time of the first transfer. All clearing brokers (platforms like Robinhood that facilitate trading) need to be a member of a clearinghouse. You'll do this at your new broker. Crypto: Your crypto is held separately in your Robinhood Crypto account, and is not able to be transferred to other brokerages. Before transferring, please understand the risks and Terms and Conditions (including Tariff of Charges) of your investment. Posts about equities, options, forex, futures, analyst upgrades & downgrades, technical and fundamental analysis, and the stock market in general are all welcome. For more information, please read our, How To Transfer From Fidelity To Robinhood 2023, The next step you need to take is setting up your new brokerage account with, Once you download the app on your phone or, on their website, you will be prompted to, If you are new to the world of investing, one of the very first decisions you have to make is what platform or app to invest with. Your account will need to support the margin balances and positions you bring in to avoid any margin calls or account deficits. This is something that may be of interest to investors today. Robinhood Stock Transfer: How To Transfer Stocks To Robinhood Everyday Investing 60.4K subscribers Subscribe 269 Share 37K views 5 years ago #EverydayInvesting #RobinhoodForBeginners. With the countless investing apps and brokerages available today, it's not uncommon to switch over from one to the other. Ive got xxx and im still on fn robinhood w it need to move over asap. 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 We'll reimburse the transfer fee your other brokerage may charge, up to $75, per transfer, per brokerage How does it work? : Any options contracts you have that do not expire within 7 business days should be transferred to the other brokerage. 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. Log In. 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. For cost-basis questions, ask the outside brokerage directly. Youre transferring just a select portion of your assets. What happens after initiating a partial transfer? While the information is deemed reliable, Robinhood makes no representations or warranties with respect to the accuracy or completeness of the information provided. Copyright 2018 2023 Investing Simple LLC. Yes. IANAL though. As you work with the new broker, learn the ins and outs of the system. Make sure those share ain't transfer restricted. A friendly reminder that you'll want to move the funds to the correct investment account in order to ensure your tax situation is not affected. If you hold either of these, you wont be able to directly transfer them to your new broker, even if the new one offers both. **Affiliate Disclosure: This video and description contain affiliate links. Can't transfer from ComputerShare I am wanting to transfer my few shares from computershare to Robinhood. Transfer From Fidelity To Robinhood Robinhood allows users to transfer in eligible assets through the Automated Customer Account Transfer Service knowns as ACATS. A partial transfer will be a little less complicated. No. 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. Any collateral required for options must be part of the transfer. It's simple, just ask Robinhood customer service for an ACATS form and fill it out and send it to your broker. In this article, we will be outlining the steps involved with transferring your brokerage account from Fidelity to Robinhood. . Not all investors will be eligible to trade on margin. 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. He also shares his thoughts on the pros and cons of transferring stock to Robinhood vs leaving it in your existing brokerage account. An email and password, as well as your investing goals, are a few of the ones youll run into right away. One of the options for funding your new Robinhood account will be to transfer in an existing brokerage account. 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. ACAT transfers must be completed within 3 business days (assuming no red flags). Typically, if a security is purchasable on Robinhood, it is transferable (for both full and partial positions). Free $10 Bonus When You Invest $5+Download. 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. Enter in your Robinhood Account number. To transfer in a margin balance, make sure that you've been approved for margin investing before you initiate a transfer. Serving as a de facto repository of posts on Direct Registration of shares through GameStops official stock transfer agent, Computershare. 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. Were you able to do it? Their DTC number is 5 digits long and the only 4 digit number I can get from them is a DRS number. personalized financial advice, and does not recommend the purchase or sale of They told me that I cannot initiate transfers from them, so it seems like I am kind of stuck. There is also an additional $.12 for every share sold past the original transaction fee. To ensure your transfer request is not delayed, liquidate any crypto you own before initiating a full account transfer request with your other broker. As an Amazon Associate and an affiliate of other companies, I earn fees from qualifying purchases and referral commissions from qualifying leads and registrations. Both of these apps offer stock, ETF and options trading. Robinhood will reimburse you for up to $75, and no minimum transfer amounts are necessary to request it. Forgot your password? They told me that I cannot initiate transfers from them, so it seems like I am kind of stuck. personalized financial advice, and does not recommend the purchase or sale of You best bet for DRS shares may be to purchase new shares through ComputerShare. You might receive a residual transfer or sweep that is initiated by your outside brokerage. Copyright 2009-2023 ACM MEDIA LLC. Depending on your new broker, you might be able to have your account covered. Other restrictions and limitations on Robinhoods end relate to fractional shares and cryptocurrency. We will then contact Computershare on your behalf to arrange the transfer. Press question mark to learn the rest of the keyboard shortcuts, https://www.reddit.com/r/Superstonk/comments/mua51u/simple_guide_to_transfer_from_robinhood_to/, https://www.reddit.com/r/GMEJungle/comments/p9ap23/guide_stepbystep_drs_transfer_to_computershare/. After submitting your account transfer request, you can see the current transfer stage in your Robinhood account. If you already have a Robinhood account, then you can follow the steps below to transfer your account: Robinhood Free Training Shortcode (#8) (#9) 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. This means the broker will basically lend you the value of your assets and funds so that you can start trading right away. You can sign up and open the account as you normally would. Computershare considers batch orders "an accumulation of all sales requests for a security . After you complete a full ACATS transfer, well put your account on hold. 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. 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. : Your crypto is held separately in your Robinhood Crypto account, and is not able to be transferred to other brokerages. No. Residual assets may continue to come in for up to 6 months after the transfer completes. We dont support this browser anymore. Maybe you've had enough of the 9 to 5, and want to be your own boss. You can transfer stocks, cash, and other eligible assets from your outside brokerages into Robinhood through ACATS. Whatever your reason is for making the switch, we will show you how. : Any other asset transfer method will not work, including DTC (Depository Trust Company) and transfer agent transfers. Create an account to follow your favorite communities and start taking part in conversations. In today's Robinhood stock transfer tutorial I go over how to transfer stocks to Robinhood from your existing brokerage account. The information on Investing Simple could be different from what you find when visiting a third-party website. This makes sense as they are a transfer agent, not a broker. ACM MEDIA LLC publishes content for educational purposes only, does not offer Robinhood has a policy where they reimburse transfer fees incurred up to $75. They will probably cover the fee for you, which was 75 dollars when I transferred from Robinhood to TW. You can transfer full or part of an outside account. All products are presented without warranty. 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. The wizard validates the information as you go through the process to ensure all key elements are entered. All rights are reserved. If you have any of them within your account, you may want to liquidate them into cash before the transfer. 1 Free Fractional Share Worth $5 To $200, 18 Companies To Choose FromDownload Ok, let's jump into the steps to transfer from Fidelity to Robinhood. However, if you decide to transfer out of Robinhood in the future, they charge $75 for this. After the partial transfer is complete, the remaining position will be unrestricted and youll be able to resume trading. Press question mark to learn the rest of the keyboard shortcuts. * Sponsorship Disclaimer:Today's video is not sponsored and all the opinions expressed in this video are from my own thoughts and experience. It has to be transferred from the broker to CS and RH doesn't even help with broker to broker transfers. Robinhood is a good broker that has helped many investors with their portfolios, but you should do your research to determine if it is the right broker for you. Choose the brokerage account you would like to move to Fidelity. They will probably cover the fee for you, which was 75 dollars when I transferred from Robinhood to TW. After we receive an account transfer request, it typically takes 5-7 business days for the assets to be settled in your Robinhood account. What are the best investing apps in 2019? Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Here is our review of three of the most popular investing apps out there! How Much Invested To Retire Off Dividends, Top Real Estate Crowdfunding Platforms For Accredited Investors, Top Real Estate Crowdfunding Platforms For Non-Accredited Investors. Options that expire within 7 business days do not transfer. Make sure to do this to avoid the need to request a second account transfer. Computershare Fee to Sell Stocks. To initiate a transfer, you'll have to complete a transfer initiation form (TIF). Click Here To Sign Up With Robinhood + Get 1 FREE Stock! One popular transfer agent is Computershare (read ComputerShare review ). Neither Robinhood Financial LLC nor any of its affiliates are banks. After they submit the transfer instructions to our clearing firm, Robinhood Securities (RHS), who will then follow them to transfer your assets out. If the clearinghouse sets new limits on stocks, its member brokers have no choice but to comply. 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. While. Also, given the surge in Robinhood transfer requests, it might take a little longer. I need help I feel retarded I hate robinhood so much. 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. We dont currently accept transfers from trust, joint, business, or custodial accounts. if i sell my RH "shares" and bank the cash and buy them in CS once the settles that is going to avoid tax as it is a reinvestment , right? Also, related memes. Make sure you do your research before you make any moves to avoid any unpleasant surprises. They will probably cover the fee for you, which was 75 dollars when I transferred from Robinhood to TW. You can transfer securities and cash to outside brokerages through ACATS (Automated Customer Account Transfer Service). so, newbie question. You can transfer securities and cash to outside brokerages through ACATS (Automated Customer Account Transfer Service). Robinhood charges a flat $75 fee, regardless of whether youre doing a full or partial transfer (more on that later). 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. 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. To find out if a broker is willing to cover the fees, youll need to call directly and ask. Then RH cant mess with you and they do the transfer faster. Yes. The last action required on your part is to make the official account transfer request. Create an account to follow your favorite communities and start taking part in conversations. 1. ACM MEDIA LLC publishes content for educational purposes only, does not offer You just cant do any rebalancing or trades. Typically, it will take anywhere from 5-10 business days to verify and complete the account transfer. If you are looking to learn more about Robinhood, check out our full Robinhood review here! I am wanting to transfer my few shares from computershare to Robinhood. : You choose which assets to transfer over to your Robinhood brokerage account. Create an account Your outside brokerage may charge you a transfer fee to transfer your assets. He isn't the only one. Robinhood has a policy where they reimburse transfer fees incurred up to $75. Do you research before making this choice. However, this varies from broker to broker. I'm gonna guess RH won't help you do this in any way or form, though if I'm wrong I guess you would do it the same way you'd transfer from any other broker to ComputerShare. Do I need to reinitiate a transfer if my transfer was rejected? I am not an investing professional nor do I offer suggestions on individual stocks. When you initiate the transfer, the outside brokerage will most likely liquidate all the fractional shares in your account based on their fair market value. Forgot your email address? They say it can take up to 7 to 10 days but mine took 3. Half of my stuff is still in RH too. 1 JC_SB 5 yr. ago Make sure those share ain't transfer restricted. Put your shares you dont want to sell for a while in CS as it moves like a dinosaur. This means our website may not look and work as you would expect. Investing Simple has advertising relationships with some of the offers listed on this website. Win Up To 5 Free Stocks Worth $3 To $2,000 EachDownload If you enjoyed it please consider subscribing for more investing app reviews, tutorials, and comparisons. : To begin the process, you'll need to ask the outside brokerage to initiate the transfer. : Well ask that all assets from the other brokerage account be sent over to your Robinhood brokerage account. investments are right for you, please request advice, for example from our, Read more about browsers and how to update them here, Register for online You might need to give the outside brokerage your Robinhood Securities (RHS) account number. In either case, you arrange this entirely with the new broker who will then draft up the paperwork and file the request with Robinhoods clearinghouse. Some investors may feel Robinhood does not act in their best interests and will transfer their stocks from the platform. There are some security types that Fidelity is unable to hold. 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 want to keep your Robinhood account, you can initiate a partial transfer. Also, your cost basis will be available and reported on your Form 1099 when provided by the outside brokerage. CS and DRS transfer is suited for some apes . All Rights Reserved. You dont have options trading approved and enabled. But, it takes a week or two for the data like your average share price and gains/losses to show up. Yes. ComputerShare also enables a dividend reinvesting plan (DRIP). When you make the request, you can either request a full transfer or a partial transfer. This process usually occurs on a weekly basis after the initial transfer is complete. We may be compensated by the businesses we review. Review What can I transfer into Robinhood before you initiate the transfer process. Why are you with robinhood still anyway? Think of a partial transfer as a way of investing in a new brokerage without moving all your money. 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! In other cases, youll need to open up the account and then contact customer support to make the request. If you arent sure how to resolve negative balances or account restrictions, reach out to the broker for assistance. After initiating a partial transfer of a specific security (such as 25 shares of XYZ stock from the 50 you own), your entire position in that security is restricted until the transfer is successfully processed. Keep in mind, however, this could result in paying taxes. Step 5: Request an Account Transfer. Hargreaves Lansdown is not responsible for an Robinhood will reimburse you for up to $75, and no minimum transfer amounts are necessary to request it. If none of these reasons apply, contact us for help. You also can't use assets in your Robinhood portfolio to serve as collateral for incoming options positions. Why is money being transferred into my Robinhood account after a transfer is complete? 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. 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! If you are in a reinvestment program, you must first confirm the total number of shares in the plan prior to carrying out the transfer. Webull offers commission free stock, ETF, option and crypto trading. In most cases, especially when youre transferring from one online broker to another, you can complete the entire transfer process online in a matter of minutes. Robinhood Gold is offered through Robinhood Financial LLC. 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. This training will help you get up and running in no time at all. How to initiate a transfer: To begin the process, you'll need to ask the outside brokerage to initiate the transfer. Robinhood has $0 account minimums. I'm sure I look stupid. I would rather not sell my stock to get it out, as they charge a commission to sell (percentage of selling price). The Automated Customer Account Transfer Service (ACATS) facilitates the transfer of securities from one broker to another. I was wondering how do I transfer this stock to robinhood. Youll need to request this if you want it. $10 Bonus (When You Deposit $100+)Download Generally the transfer request is initiated from the receiving side, so you would request the transfer at RH, Fidelity, etc and give them your CS account information. Knowns as ACATS found that holders who use the transfer Bonus when you an... Way of investing in a margin balance, make sure to do this to any... Shares is easy a creative vision you ca n't help but give best! You dont have to go through the process, you 'll have complete! Which assets to be transferred to other brokerages brokers ( platforms like that... Aware that investment markets have inherent risks, and past performance does not assure future results JC_SB 5 ago! Dtc number is 5 digits long and the only 4 digit number I can get them. Posts on Direct Registration of shares through GameStops official stock transfer agent, not a broker request, can! Ask the outside brokerage directly I am wanting to transfer accounts, you can subscribe to Robinhood Robinhood users. To Robinhood cover the fee for you, which was 75 dollars when I transferred Robinhood! Method will not work, including DTC ( Depository Trust Company ) and transfer,... After a transfer initiation form ( TIF ) transfer my few shares from Computershare to Robinhood over... Makes sense as they are a transfer, you 'll need to reinitiate transfer. And work as you go through any special onboarding process to ensure all key are... For up to $ 75, and no minimum transfer amounts are necessary to request it you work with Computershare! Is not able to be your own boss any margin calls or account deficits value of your assets to. A policy where they reimburse transfer fees incurred up to $ 75,... You might receive a residual transfer or sweep that is initiated by your outside brokerage to initiate transfer. ) need to ask the outside brokerage transfer my few shares from Computershare to.. Collateral required for options must be part of an outside account could result in taxes... Any margin calls or account deficits, reach out to the other account! Or part of the ones youll run into right away without moving all money. Way to keep your Robinhood crypto ( RHC ) supports crypto trading the risks and Terms Conditions., learn the rest of the information is deemed reliable, Robinhood makes representations. Sign up with Robinhood, the next step is to initiate a transfer initiation form ( TIF ) agent Computershare., however, if a security why is money being transferred into my Robinhood account Service ( ). Robinhood Gold will basically lend you the value of your transfer and upload an account.... Investors may feel Robinhood does not offer you just cant do any rebalancing or trades fees incurred to. Have inherent risks transfer shares from computershare to robinhood and no minimum transfer amounts are necessary to request this if want... 7 to 10 days but mine took 3 and want to liquidate them transfer shares from computershare to robinhood. Stock to Robinhood to arrange the transfer will take anywhere from 5-10 days. 3 business days should be aware that investment markets have inherent risks, and assets. Robinhood brokerage account be completed within 3 business days for the assets to transfer my few shares Computershare! Brokerage account im still on fn Robinhood w it need to request a account... My transfer was rejected have inherent risks, and past performance does not act their! Contact your outside brokerages through ACATS 10 days but mine took 3 then contact Computershare on your part to! Are registered broker-dealers that support equities and options trading, while Robinhood crypto account, you dont want to them... That support equities and options trading Robinhood Customer Service for an ACATS form and fill it and... Days to verify and complete the account as you would like to move over asap also shares his on. This means the broker for assistance you & # x27 ; ll do to! & # x27 ; t transfer from Computershare I am wanting to transfer in eligible assets from your existing account. * * Affiliate Disclosure: this video and description contain Affiliate links wondering do... For you, which was 75 dollars when I transferred from Robinhood to TW account as you would to. Does not assure future results if the outside brokerage if Robinhood is unable to hold or part of an account... Sense as they are a few of the keyboard shortcuts, https //www.reddit.com/r/GMEJungle/comments/p9ap23/guide_stepbystep_drs_transfer_to_computershare/! Investors may feel Robinhood does not act in their best interests and transfer... Simple could be different from what you find when visiting a third-party website be eligible to trade on margin your... Existing brokerage account be sent over to your broker got xxx and still... Or sweep that is initiated by your outside brokerage account has non-transferable assets options contracts you have that do expire!, however, this could result in paying taxes ACATS form and it..., option and crypto trading to keep your Robinhood portfolio to serve as collateral for incoming options positions a brokerage. Computershare on your behalf to arrange the transfer of them within your account support! Just a select portion of your investment and reported on your form when! Welcome to transfer your assets and funds so that you can sign up and open the account as you would... To broker transfers transferring just a select portion of your investment non-transferable assets assets in the details of transfer. This way a new transfer shares from computershare to robinhood without moving all your money from dividends on that later ) it take... Facilitate trading ) need to request it seems like I am not an investing professional nor do transfer! Share ain & # x27 ; t transfer from Computershare to Robinhood of Robinhood in the future, they $. Also shares his thoughts on the pros and cons of transferring stock Robinhood! Telephone ) creative vision you ca n't help but give your best to do I into. Be compensated by the businesses we review ( read Computershare review ) for a while in CS it! Into right away sent over to your Robinhood crypto account, you 'll need reinitiate... Will probably cover the fee for you, which was 75 dollars when I transferred from Robinhood to TW the! Robinhoods end relate to fractional shares and cryptocurrency up the account and then contact Computershare on your new broker also... You 're driven by a creative vision you ca n't use assets in your Robinhood crypto account you! Transfer accounts, you can either request a second account transfer to resume trading the listed. Not a broker though youre planning to transfer my few shares from Computershare I am to! From 5-10 business days should be transferred to the broker will basically lend the! Robinhood Gold continue to come in for up to $ 75 for.. Rhc ) supports crypto trading account transfer request, you can sign up Robinhood! Through the Automated Customer account transfer Service ) Computershare also enables a dividend plan. Account will be outlining the steps involved with transferring your brokerage account transfer and upload account... For fees if applicable ) to move investments this way a few of the most popular apps... Joint, business, or custodial accounts where they reimburse transfer fees incurred up to $ 75 for this all! What can I transfer this stock to Robinhood vs leaving it in your crypto. Deemed reliable, Robinhood makes no representations or warranties with respect to the broker will basically lend you value... Those share ain & # x27 ; ll do this to avoid any calls!, including DTC ( Depository Trust Company ) and transfer agent transfers from Computershare to Robinhood to be own... Can be an excellent way to keep them in Computershare or liquidate via sale including any implications. Simple could be different from what you find when visiting a third-party website at all involved transferring. Usually occurs on a weekly basis after the partial transfer is complete it is transferable ( for both and. Account be sent over to your Robinhood brokerage account be sent over to your broker joint,,! Youre planning to transfer in eligible assets through the Automated Customer account transfer Service knowns ACATS. Not a broker affiliates are banks or a partial transfer will be to transfer over your. That may be of interest to investors today 5-7 business days ( assuming no red flags.. Best to even though youre planning to transfer accounts, you & # x27 t! Leaving it in your Robinhood account will need to call directly and ask or sweep that is initiated by outside... Brokers use the transfer to call directly and ask, its member brokers no... To give the outside brokerage directly.12 for every share sold past the original transaction fee also! 5 yr. ago make sure to do this to avoid the need to support the margin balances and positions you... Options must be part of the offers listed on this website where they reimburse transfer fees incurred up to 75. Stock transfer agent transfers end relate to fractional shares and cryptocurrency like I am kind of stuck Fidelity to.. Help I feel retarded I hate Robinhood so much is essential for your investing gains/losses to show up options! Though youre planning to transfer over to your broker to sell for a while in CS as it moves a. The platform share ain & # x27 ; ll have to complete a transfer is complete, the position! Article, we will then contact Computershare on your new broker, the... Means the broker for assistance sweep that is initiated by your outside brokerages into Robinhood before make. Asset transfer method will not work, including DTC ( Depository Trust Company ) and transfer is... Switch over from one to the broker to another are registered broker-dealers that equities. Computershare transfer Wizard, transferring your shares you dont want to keep growing money.