I'm trying to understand this $100 transfer fee that Robinhood charges. Could someone explain what it is and why it's being charged?
6 answers
Elena
Sat Dec 07 2024
A fee of $100 is imposed for conducting a partial or full ACATS transfer out of Robinhood.
CryptoChieftain
Sat Dec 07 2024
This charge applies regardless of whether the transfer is partial or complete.
Ilaria
Fri Dec 06 2024
At present, fractional security shares held with Robinhood Financial (RHF) cannot be transferred to other brokerages.
charlotte_wright_coder
Fri Dec 06 2024
Additionally, cryptocurrencies held with Robinhood Crypto (RHC) are also non-transferable to other platforms.
BitcoinWarrior
Fri Dec 06 2024
Customers should be aware of these restrictions before attempting to move their assets.