Are there any fees associated with ACATS transfers on Robinhood?
Sergi SilvestreNov 26, 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.
3 answers
- Nov 26, 2021 · 3 years agoYes, 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.
- Nov 26, 2021 · 3 years agoNo, 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.
- Nov 26, 2021 · 3 years agoACATS 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.
Related Tags
Hot Questions
- 99
What are the best practices for reporting cryptocurrency on my taxes?
- 94
What are the advantages of using cryptocurrency for online transactions?
- 89
Are there any special tax rules for crypto investors?
- 77
What is the future of blockchain technology?
- 64
How can I minimize my tax liability when dealing with cryptocurrencies?
- 55
How does cryptocurrency affect my tax return?
- 26
How can I buy Bitcoin with a credit card?
- 4
What are the tax implications of using cryptocurrency?