Withdrawing Cash Out of Schwab
If you only need to remove some cash from your Charles Schwab account without closing it, see the Charles Schwab Withdrawal Options article.
Charles Schwab ACAT Fee
Charles Schwab charges $50 for a complete ACAT account transfer, while a partial transfer costs $0. These ACAT charges also apply to Charles Schwab IRA accounts, including Roth, Traditional, SEP, and SIMPLE IRAs.
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Charles Schwab Transfer Fee Reimbursement
Charles Schwab may reimburse account transfer fees (ACAT fees) charged by other brokers, especially for
account sizes of $10,000 or more. Contact customer support after the transfer.
Wire Transfer Fees
Charles Schwab charges $25 for an outgoing wire transfer, reduced to $15 when the wire is submitted online. There is no Schwab fee for an incoming wire transfer.
Charles Schwab ACH Transfers
Charles Schwab does not charge for ACH transfers. The minimum amount you can move is $1, while the standard maximum is $100,000 per ACH transfer or your available balance, whichever is lower.
Transfer From Schwab to Robinhood
If you’re interested in low margin rates, commission-free options trading, high cash interest, or trading cryptocurrencies, you can transfer your Schwab account to Robinhood.
Robinhood allows incoming ACATS transfers of eligible stocks, ETFs, and options contracts that do not expire within seven days.
Assets that Robinhood does not support, including mutual funds and
bonds, cannot be transferred.
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Instructions
After opening your Robinhood account, you must request the transfer from the receiving Robinhood account. Follow these steps to begin the process in the Robinhood app:
1. In the app, go to your main account menu and select “Transfers.”
2. Choose “Transfer Accounts in.”
3. Here, you’ll select Charles Schwab from the list of brokerages.
4. Robinhood will then walk you through the remaining steps using its straightforward transfer interface. After entering the required account details, you can choose either a full or partial transfer from Schwab. A full transfer containing assets that Robinhood cannot accept may be rejected. To avoid this, request a partial transfer that includes only supported assets or sell the unsupported investments before submitting a full transfer.
Note – Schwab charges $0 for a partial transfer and $50 for a complete account transfer, while Robinhood reimburses transfer fees up to $75 on eligible transfers of $7,500 or more.
Updated on 8/7/2026.
Chad Morris has been analyzing investment firms for Brokerage-Review.com since 2015. Backed by FINRA Series 65, 66, and SIE credentials, his work reflects a deep knowledge of the retail brokerage industry and digital trading tools.
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