Transfer From Robinhood to Merrill Edge

Transfer Robinhood Stocks to Merrill Edge OR Merrill Edge to Robinhood in 2022

Instructions on how to move Merrill Edge 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 Transfer a Merrill Edge Account to Robinhood and Vice Versa

If you want to move your Merrill Edge account to Robinhood, or your Robinhood account to Merrill Edge, keep reading. We’ll show you exactly how to do that with some cost-savings ideas to boot.

Transfer From Merrill Edge to Robinhood

If you’re at Merrill Edge and you want to move your account to Robinhood (perhaps for the broker’s no-fee option trades), you’ll first need to open an account with Robinhood. Once this is done, it’s time to get to work. And when we say get to work, we really mean it because making this transfer is going to take some effort.

The reason is that Robinhood has suspended all inbound ACAT transfers; so you’ll have to sell the securities inside your Merrill Edge account (only the ones you want to move) and then transfer the cash to your Robinhood account. From that point, you can use the cash to re-buy the securities you were holding in your Merrill account.

Transfer Merrill Edge Stocks to Robinhood

To move the cash, you’ll need to link either the account and routing numbers from your Merrill Edge checks to your Robinhood account or transfer the cash to a linked Bank of America account, and then link that bank account to your Robinhood account. (Tap on the person icon in the bottom-right of the screen and then tap on Transfers.)

Be advised that Robinhood doesn’t offer mutual funds; so you shouldn’t sell mutual funds in your Merrill account with the expectation of re-buying them in your new Robinhood account. Furthermore, Robinhood doesn’t offer IRAs, solo 401ks, or joint accounts; so you won’t be able to replicate these types of Merrill accounts at Robinhood.

The advantage of not having an ACAT option in this situation is that you won’t have to pay Merrill Edge’s $49.95 transfer fee.

Comparison and Alternatives

Transfer From Robinhood to Merrill Edge

If you’re going in the other direction, you can use the ACAT system. The steps to transfer an account in this way are similar. First, you’ll need to open your new Merrill Edge account. The account types need to be the same.

Transfer Robinhood stocks to Merrill Edge

For example, if you want to open a joint account at Merrill Edge, you won’t be able to transfer a Robinhood account to your new Merrill account because Robinhood doesn’t offer joint accounts. The same is true for IRAs. The names on the accounts must also be the same.

Once you have the right account open, you’ll need to click on the Accounts tab inside your Merrill Edge account and select Transfer Money & Securities. Simply follow the prompts to transfer your Robinhood account over. The whole process should take less than 2 weeks.

Keep in mind that Robinhood does charge $75 for outgoing ACAT transfers. If you want to avoid this fee, you could liquidate your holdings (except for cryptocurrencies, which Merrill doesn’t support) and then transfer the cash balance to a linked Bank of America account. And then from there you could move the cash to your new Merrill account.

Open Merrill Edge Account

Open Merrill Edge Account

About the Author
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, Chad can usually be found managing his portfolio or building a new home computer.