Transfer Robinhood to Fidelity

Transfer Robinhood to Fidelity OR Fidelity to Robinhood in 2022

Instructions on how to move Fidelity stocks to Robinhood or vice versa: ETFs, IRA, brokerage assets, and money in 2022. How much is a transfer fee and how long does it take.

How to Move From Robinhood to Fidelity or Vice Versa

There is no doubt that Robinhood is a major player in the retail investment space and that there are many things to like about the popular brokerage. However, the simplified approach and lack of advanced investment options have some traders looking elsewhere.

Suppose you are looking to transfer your Robinhood account to a full-service broker. In that case, we think Fidelity could be an excellent option for you to consider.

Keep reading to learn how to transfer your Robinhood account to Fidelity or vice versa.

Transfer Your Robinhood Account to Fidelity

There are two main ways to transfer your brokerage account from Robinhood to Fidelity. You can liquidate all the assets in your account and transfer your funds manually. Or, you can use an Automated Customer Account Transfer Service (ACATS) transfer.

Depending on the complexity of your account, initiating an ACATS transfer can be the easiest way to move your brokerage account. Fidelity's transfer tool walks you through the entire process, ensuring you avoid some common mistakes investors make while transferring accounts.

Investors with simpler accounts often close the liquidation method as it only requires a few simple steps. That said, getting the new account up and running can take longer when using the manual account transfer method.

Here's how each method works:

Request an incoming ACATS transfer from your Fidelity account

To request an incoming account transfer at Fidelity, you'll need to navigate to the account transfer tool. Fidelity calls its ACATS transfers' transfer of assets (TOA),' so it will be helpful to search for 'TOA' instead of 'ACATS.'

Once you have the TOA page up, review all the information provided.

Robinhood Account Transfer to Fidelity

The first step in the process is choosing the broker (Robinhood) you are transferring from.

Robinhood Stocks Transfer to Fidelity

If there are any current 'known issues with the broker you are transferring from, Fidelity does an excellent job of informing you.

Move Robinhood to Fidelity

As you progress, Fidelity's account transfer tool provides opportunities and links to ensure you have the proper account permissions to receive a Robinhood account.

Move Robinhood Stocks to Fidelity

Once everything is set, you can select your Fidelity account that your Robinhood will move into. Or, you can select 'new account' and create a new brokerage account.

Move Robinhood to Fidelity

You will then be asked whether you want to initiate a full or partial account transfer.

Move Partial Robinhood Account to Fidelity

Once Fidelity has all the information from you about your transfer request, you will need to upload a Robinhood statement, sign some agreements, and submit your request.

The entire account transfer process takes up to 5 business days.

Cost of ACATS (TOA) Transfers to and From Fidelity

Fidelity does not charge for TOA transfers. You can transfer an account into or out of Fidelity at no charge.

Non-transferable Assets with ACATS

The account transfer tool will help you understand what you can and can't transfer using ACATS. Still, it is helpful to remember a few important details before getting that far along in the process.

One detail is that fractional shares cannot be transferred. Cryptocurrency holdings that you have at Robinhood are also not transferable.

Manual Account Transfer

If you decide not to use the automated account transfer tool at Fidelity to migrate your Robinhood account, you can do the process manually. You'll need to liquidate all open positions and then transfer your funds to your bank account. Once your funds land in your account, you can use them to fund your Fidelity account.

The process of liquidating assets and transferring funds is straightforward. Still, there are some essential details to remember if you plan to move your account manually.

First, the manual method takes longer due to the transfer and settlement times involved. Each step in the process has a settlement period that you must wait for. 

Before withdrawing your funds from Robinhood, you'll need to ensure that all your trades, deposits, etc., are fully settled. That can take up to three days from the final stock/ETF/options contract sales, and up to 7 days for new ACH deposits.

Then, the transfer to your bank takes nearly a week to complete. Finally, you'll fund your Fidelity account using one of the available methods.

Comparison and Alternatives

Transfer Your Fidelity Account to Robinhood

Fidelity and Robinhood are pretty different in what they offer and how investors interact with them. While many are looking to move their Robinhood accounts to Fidelity, the same is true in the other direction.

If you have an account at Fidelity and would like to move it to Robinhood, here's how that process works.

Available Transfer Methods

You can use the manual method or an ACATS transfer to move your Fidelity account to Robinhood.

Except for Robinhood's Instant Deposit feature, the manual account transfer process is the same no matter which brokers you transfer accounts between. So, we will focus on Robinhood's ACATS tool.

Requesting ACATS Transfers from Your Robinhood Account

Until relatively recently, inbound ACATS transfers were not possible at Robinhood. If you wanted to move an outside brokerage account to Robinhood, your only option was to use the manual process.

Robinhood now makes it easy to initiate an account transfer in a few simple steps.

To get started, open an account at Robinhood with this referral link.

Next, you will need to use the mobile app. Setting up ACATS is not yet available on the webpage.

Begin by navigating to the account management screen (person icon). Once open, you will choose 'Transfers' and then 'Transfer accounts to Robinhood.'

Move Partial Fidelity Account to Robinhood

After reading through the notifications and announcements Robinhood presents, you can begin filling in the account transfer tool.

Transfer Fidelity Account to Robinhood

Transfer Fidelity to Robinhood

Move Fidelity Stocks to Robinhood

Move Fidelity Account to Robinhood

You'll be asked several questions during the process. You'll identify the broker you are transferring from, the name on the account, and the types of securities you're moving. You'll also decide on a complete or partial transfer.

Transfer Fidelity Account to Robinhood

Transfer Fidelity Account to Robinhood

Transfer Fidelity Account to Robinhood

Once Robinhood has all the information it needs to get the transfer underway, you'll need to sign some agreements and submit your request.

Limitations To Robinhood's Account Transfer Tool

Given the simplicity of Robinhood, there are some obvious limitations when bringing accounts from other brokers in.

Robinhood only offers individual cash and margin accounts, so incoming accounts must match that. You will need to liquidate and transfer funds if you are trying to bring in a more advanced brokerage account. 

Another limitation is in the types of securities that Robinhood offers. You can buy stocks, ETFs, and options on the platform. As a result, those are the only types of securities you can transfer in.

Robinhood Promotion

Get a FREE stock when you open an account with this referral.

Open Robinhood Account

Updated on 8/12/2022.

Ben Wright
About the Author
Ben Wright is an investor, a trader, an educator, and something of an explorer. He spends his days in the markets when he is not teaching or spending time with his family. Ben writes about stockbrokers, markets, investment vehicles, promotional offers, and tools that help investors make the most of their time in the markets.