Withdrawing Cash Out of Schwab
If you only need to take some cash out of your Charles Schwab account and keep the account active, then check out the
Charles Schwab Withdrawal Options article.
Charles Schwab ACAT Fee
Charles Schwab charges $50 for a full ACAT account transfer and $0 for a partial transfer. This same ACAT fee also applies to all Charles Schwab IRA accounts (Roth, Traditional, SEP, and SIMPLE).
Free Charles Schwab Account
Visit Schwab Website
Charles Schwab Transfer Fee Reimbursement
Charles Schwab may cover ACAT transfer fees charged by other brokers, especially when the account value is $10,000 or more.
Contact customer service after your transfer is completed.
Charles Schwab ACH Transfers
ACH transfers are free at Charles Schwab. You need to have at least $1 to transfer and you
cannot transfer more than $100,000 into or out of your account per day.
Charles Schwab Wire Transfer Fees
Schwab charges $25 for outgoing domestic and international wire transfers. Incoming wire transfers are free.
Transfer From Schwab to Robinhood
If you want lower margin rates, no options commissions, higher interest on cash, or access to crypto trading, you can move your Schwab account to Robinhood.
Robinhood supports ACATS transfers of stocks, ETFs, and options that expire in more than
seven days. You cannot transfer assets that Robinhood does not support, such as mutual funds
and most bonds.
Robinhood Promotion
3% deposit match and FREE stock worth up to $200 at Robinhood.
Instructions
After your Robinhood account is set up, you must start the transfer from within that account. Follow these steps in the Robinhood app:
1. In the app, open the main menu and tap on “Transfers.”
2. Select “Transfer Accounts in.”
3. From the list of brokerages, choose Charles Schwab.
4. The app will then walk you through the rest of the process with simple on-screen steps, similar to Schwab’s transfer process. You’ll enter basic details and choose whether to move the entire account or just part of it. If you select a full transfer but hold assets that Robinhood does not support, the transfer will be rejected. In that case, choose a partial transfer or sell those assets before starting.
Note – while Schwab charges $0 for a partial transfer and $50 for a full account transfer,
Robinhood will reimburse transfer fees up to $75.
Updated on 1/24/2026.
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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