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Are there any fees associated with ACATS transfers on Robinhood?

avatarTedatDec 25, 2021 · 3 years ago3 answers

Can you tell me if there are any fees associated with ACATS transfers on Robinhood? I'm interested in transferring my assets to Robinhood and want to know if there are any costs involved.

Are there any fees associated with ACATS transfers on Robinhood?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Yes, there are fees associated with ACATS transfers on Robinhood. When you transfer your assets from another brokerage to Robinhood using ACATS, you may be charged a fee by your current brokerage. Robinhood itself does not charge any fees for incoming ACATS transfers. However, it's important to check with your current brokerage to see if they have any fees for outgoing ACATS transfers.
  • avatarDec 25, 2021 · 3 years ago
    No, there are no fees associated with ACATS transfers on Robinhood. Robinhood does not charge any fees for incoming ACATS transfers. However, your current brokerage may charge a fee for outgoing ACATS transfers. It's recommended to check with your current brokerage to understand their fee structure.
  • avatarDec 25, 2021 · 3 years ago
    ACATS transfers on Robinhood are free of charge. Robinhood does not charge any fees for incoming ACATS transfers. However, please note that other fees may apply when trading or using other services on the Robinhood platform. It's always a good idea to review the fee schedule and terms of service on the Robinhood website for the most up-to-date information.