TD Ameritrade 300

How to Transfer Robinhood Account Stocks to TD Ameritrade?

2022: How to move Robinhood account/stocks/portfolio/money to TD Ameritrade (TDA) brokerage or IRA account. How much is a transfer fee and how long does it take.

How to Move a Robinhood Account to TD Ameritrade

If you’ve run into problems with Robinhood’s customer service, or you want to trade forex and mutual funds, you probably already have your eyes set on TD Ameritrade. Using our guide below, you’ll have your Robinhood account at TD Ameritrade in no time.

Using the ACAT Service

The simplest and quickest way to move your Robinhood account to TD Ameritrade is to use the ACAT system. This is an electronic service that moves securities from one broker to another. Because there’s no physical paperwork involved, this is the easiest way to get the job done.

Robinhood permits outbound ACAT transfers, so choosing this method is a no brainer. Keep in mind, however, that Robinhood does not permit inbound ACAT transfers. So if you wanted to go from TD Ameritrade to Robinhood, for example, you wouldn’t be able to use the ACAT system.

Also be aware that Robinhood does charge a $75 fee for an ACAT transfer. So while this method is the least difficult, it is also the most expensive. TD Ameritrade does not charge anything for incoming transfers.

Taking the First Step

The first thing you need to do is to open a brokerage account at TD Ameritrade. To do this, just head over to the broker’s online account application page and open your new account. The whole process will take just a few minutes.

Both accounts must have the same name on them and they both must be the same account type. For example, you cannot transfer a joint account into an individual account. Because Robinhood only currently offers individual taxable accounts, you won’t have to worry about this issue.

Open TD Ameritrade Account

Open TD Ameritrade Account

The Next Step

Once you have your TD Ameritrade account open, it’s time to move your Robinhood account into it. To start this process, you’ll need to log into your TDA account and hover over My Account in the top menu. In the drop-down menu that appears underneath, click on Account Transfer. Once you click on this link, the TD Ameritrade site will display a new page with its online account transfer form. Just click on the green Begin transfer button to get started.

Move Robinhood to TDA

In the form that follows, you’ll need to enter your Robinhood account number and account title. To find the account title, take a look at your most recent Robinhood statement. It will include your name and possibly a few other letters or words. Make sure to use this account title in the transfer form. You will also need to include a copy of your most recent Robinhood statement when making your transfer request.

If you select a partial transfer, TD Ameritrade’s website will take you to a slightly different form. Just follow the instructions and you’ll be finished in just a few minutes.

During this whole process, there’s nothing you need to do with your old account. Robinhood will receive notice from TD Ameritrade and will send your securities over. The entire transfer should take less than two weeks. Usually, it’s about a week.

While the transfer is taking place, it is best not to trade in your Robinhood account. You should also make sure all previous trades have settled before starting the transfer.

Don’t Forget About Cryptocurrencies

Robinhood does not permit coin withdrawals (or deposits), so any digital currencies you have in your Robinhood account cannot be moved to TD Ameritrade. You can either keep these in a separate account (if you’re doing a full transfer), or leave them in your Robinhood account if you’re doing a partial transfer.

Alternative Method

If you don’t want to pay Robinhood’s $75 transfer fee, there is a cheaper method for you. You can simply sell the securities you want to move, transfer the resulting cash position to your TD Ameritrade account (with no fees from either side), and then re-purchase the securities you sold. There could be serious tax implications if you use this method, though.

Because TD Ameritrade doesn’t offer cryptocurrency trading, you couldn’t use this method for cryptos; although you could sell your digital currencies and move the cash to fund another investment.

Open TD Ameritrade Account

Open TD Ameritrade Account