How to move your Robinhood account to Fidelity

You can transfer your stocks, ETFs, and cash from Robinhood to Fidelity by opening a Fidelity brokerage account and requesting an ACAT transfer (Automated Customer Account Transfer). Fidelity handles most of the work — you initiate the transfer through Fidelity's website or by phone, and Fidelity contacts Robinhood to pull your positions over. The process typically takes 5 to 7 business days, though it can stretch to 10 days if Robinhood is slow to respond or if you hold certain securities that take longer to move.

The key thing to know upfront: Robinhood will charge you a $75 transfer fee (as of the time this was written, though this can change). Fidelity will reimburse that fee if you ask them to, but you have to request it after the transfer completes. Your positions transfer at their current market value, not at what you paid for them, so you won't owe taxes on the transfer itself — only on gains when you eventually sell.

Key Takeaways

  • Open a Fidelity brokerage account first, then request the ACAT transfer through Fidelity's website or by calling 1-800-343-3548.
  • Robinhood charges a $75 transfer fee, but Fidelity will reimburse it if you contact them after the transfer completes.
  • The transfer takes 5 to 10 business days and moves your positions at their current market value, not your original cost.
  • Fractional shares and certain holdings (like some crypto or options) may not transfer and will be liquidated or left behind in your Robinhood account.
  • You can keep your Robinhood account open after the transfer if you want, but you'll need to close it separately if you don't.

Opening a Fidelity account before you transfer

You need an active Fidelity brokerage account before you can pull your holdings from Robinhood. Go to Fidelity's website and select "Open an Account" — choose a standard individual brokerage account (not a retirement account like an IRA, unless you're transferring from a Robinhood IRA). You'll provide your Social Security number, address, employment information, and funding source. Fidelity will verify your identity, usually within minutes.

You don't need to fund the Fidelity account with money first. The transfer itself will bring your cash and securities over. However, if Fidelity needs to hold a small amount of cash temporarily to complete the transfer, having a few dollars in the account can prevent delays.

Requesting the ACAT transfer through Fidelity

Once your Fidelity account is open and verified, log into your Fidelity account and look for "Transfer Positions" or "Move My Money" in the account menu. Select the option to transfer from another brokerage. Fidelity will ask you for your Robinhood account number and login credentials — you can find your account number in Robinhood's account settings under "Account Information."

Fidelity will also ask whether you want to transfer everything or just specific positions. If you transfer everything, all your stocks, ETFs, and cash move over. If you select specific holdings, only those come to Fidelity and the rest stay in Robinhood. After you submit the request, Fidelity sends an ACAT instruction to Robinhood and the clock starts.

If you prefer not to do this online, you can call Fidelity at 1-800-343-3548 and a representative will walk you through the transfer over the phone.

What happens to different types of holdings

Stocks and most ETFs transfer without issue. Cash in your Robinhood account transfers as well. However, fractional shares (shares of a stock you own less than one full share of) typically do not transfer — Robinhood will liquidate them and send you the cash value instead. This happens automatically and you'll see the cash arrive in your Fidelity account as part of the transfer.

Options contracts, cryptocurrency, and certain other holdings cannot transfer through ACAT. If you hold these in Robinhood, you'll need to sell them before the transfer or leave them behind in your Robinhood account. Robinhood will notify you which positions cannot transfer when you initiate the ACAT request, so you'll know what to do before the process starts.

The timeline and what to expect

Fidelity typically receives your transfer within 5 to 7 business days. During this time, your positions are in transit — you won't be able to trade them in either account. Once the transfer lands in Fidelity, you'll receive an email confirmation and your holdings will appear in your Fidelity account ready to trade.

If the transfer takes longer than 10 business days, contact Fidelity to check the status. Delays usually happen because Robinhood is processing a high volume of transfers or because certain securities require manual handling. Fidelity can follow up with Robinhood on your behalf.

Handling the $75 transfer fee and closing Robinhood

Robinhood will deduct $75 from your account as a transfer fee. This comes out of your cash balance, so if you don't have $75 in cash, Robinhood may liquidate a small position to cover it. After your transfer completes and the fee appears on your Fidelity statement, contact Fidelity and ask them to reimburse the transfer fee. Fidelity will credit $75 back to your account — this usually happens within a few business days.

After the transfer is done, your Robinhood account will still exist but will be empty (or nearly empty if some holdings couldn't transfer). You can leave it open or close it. To close it, log into Robinhood, go to Account Settings, and select "Close Account." Robinhood will ask you to confirm and will send you a final statement. Closing the account is optional — some people keep it open in case they want to use Robinhood again later.

What to do if the transfer gets stuck

If your transfer doesn't arrive within 10 business days, start by checking your email for any messages from Fidelity or Robinhood asking for additional information. Sometimes Robinhood needs you to confirm the transfer request on their end, and if you miss that notification, the transfer stalls.

Contact Fidelity at 1-800-343-3548 and provide your account number and the date you initiated the transfer. Fidelity can check the status with Robinhood and push for completion. If Robinhood is refusing the transfer for a specific reason (like a restriction on your account), Fidelity will tell you what needs to be resolved before the transfer can proceed.

Frequently Asked Questions

Do I have to transfer everything, or can I move just some of my positions?

You can transfer specific holdings or everything. When you request the ACAT transfer, Fidelity lets you choose which positions to move. Anything you don't transfer stays in your Robinhood account until you sell it or move it separately later.

Will I owe taxes on the transfer?

No. The transfer itself is not a taxable event. You only owe taxes when you sell a position at a gain. Your cost basis (what you originally paid) transfers with your shares, so Fidelity will know your original purchase price for tax reporting later.

Can I trade while my account is transferring?

No. Once the ACAT transfer starts, your positions are locked in both accounts and you cannot buy or sell until the transfer completes. This usually takes 5 to 10 business days. Plan accordingly if you think you'll need to make trades during that window.

What if I have a Robinhood retirement account instead of a regular brokerage account?

You need to open a Fidelity IRA (either Traditional or Roth, depending on what you have at Robinhood) and request an IRA-to-IRA transfer instead of a regular ACAT. The process is similar, but the rules are different because retirement accounts have special tax treatment. Call Fidelity at 1-800-343-3548 and tell them you're transferring an IRA — they'll guide you through the correct steps.

What if Robinhood won't let me transfer?

Robinhood rarely blocks transfers, but it can happen if your account has a restriction (like a pending investigation or a hold on deposits). Contact Robinhood's support to find out why the transfer was rejected. Once the restriction is lifted, you can try again. Fidelity can also help troubleshoot — they deal with this regularly and may be able to work around the issue.