Fee For ACAT Transfers INTO Acorns
Acorns does not charge any fees if you are transferring an account to them. They will actually
give you a $20 cash bonus. You can use a promotion link below to open an account and initiate the
transfer:
Visit Acorns Website
Acorns Transfer Fee Reimbursement
Acorns does not reimburse transfer fee (ACAT fee) at this time. Robinhood does.
Acorns Transfer OUT Fee (ACAT Fee)
For outgoing ACAT transfers, Acorns charges a $50 per ETF fee, as stated in their
"Program Agreement", to process asset transfer requests (section 2.2).
The total Acorns ACAT fee for your transfer request would be $250 if you currently hold whole positions in 5 ETF(s).
If you move your account to
Robinhood,
they will reimburse up to $75 of this ACAT fee (must have a minimum $7,500 Acorns account balance).
See How to Transfer Acorns Account to Robinhood.
You also have the option to withdraw the funds from your Acorns account into your checking account, and
you will be able to re-invest those funds in a different brokerage account if you choose. There is no fee to
withdraw funds.
To start an Acorns ACAT account transfer out process, please contact your other broker-dealer to initiate the paperwork. Acorns Securities
requires the paperwork to have the medallion signature guarantee.
Acorns can only ACAT transfer whole shares, as stated in their
Program Agreement:
to process asset transfer requests (section B5). The remaining balance will be liquidated to return to your
connected checking account.
Updated on 10/7/2024.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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