ACAT Fees at Etrade, TD Ameritrade, CapitalOne Investing, Charles Schwab, Merrill Edge/Merrill Lynch, Fidelity Investments, Vanguard, Ally Invest, Motif Investing, USAA, and Wells Fargo Wellstrade.

In pursuit of low trading commissions, many investors can pay very little attention to other fees, which brokerage firms charge to compensate for their low pricing. These fees can be much higher than trading commissions and add up fast, thus potentially decreasing earnings. Account transfer fee is one of the brokerage's fees that investors should be aware of. The ACAT fee can be as high as $125.

Account transfer fee, otherwise known as ACAT, is charged when an account transfer from one brokerage firm to another is initiated by an investor. Both full and partial account transfer can incur fees. The account transfer fee is charged to the investor by his current broker. The good news is that the new broker can sometimes cover investor's transfer charges by offering special offers for reimbursing account transfer fees. It's always a good idea to ask a broker if they would cover your transfer out charges.

Ally Invest offers the most generous ACAT reimbursement promotion. The broker reimburses up to $150 in fees for transferring an account from other brokerage firm.

Finally, if you plan an account transfer, beware of the account closing fee some brokerages charge. Some firms might have no ACAT fees, yet they might have almost identical or even higher fees for account closure.


Brokerage Firm Full Account Transfer Out Partial Account Transfer Out Account Closing Fee Account Transfer Offers/ New Account Offers Review
Ally Invest
Ally Invest brokerage firm rating
$50 $10.00 per security, $50 maximum $502 Up to $3,500 cash bonus + commission free trades for new accounts. Review
TD Ameritrade
4.5-star brokerage firm rating
$75 $0 $0 Trade free for 60 days + get up to $600. Review
Fidelity Investments
3-star brokerage firm rating
$0 $0 $501 None Review
Charles Schwab
4-star brokerage firm rating
$50 $25 $0 None Review
Etrade
Etrade brokerage firm rating
$60 $25 $50 None Review
TradeStation
4-star brokerage firm rating
$125 $125 $50 Get $5 per trade stock and ETF commissions. $4 per trade for IRAs. Review
CapitalOne Investing
3-star brokerage firm rating
$75 $15.00 per security ($75.00 maximum) $0 None Review
ChoiceTrade
4-star brokerage firm rating
$75 $35 $50 None Review
Firstrade
4.5-star brokerage firm rating
$75 $25 (min. account equity requirement $500) $0 $0 commissions + up to $200 in transfer fee rebates. Review
Lightspeed Trading
3-star brokerage firm rating
$95 $95 $952 None Review
Merrill Edge
3.5-star brokerage firm rating
$49.95 $0 $49.952 None Review
Motif
Motif Investing reating
$65 $0 $952 None Review
SogoTrade
3-star brokerage firm rating
$75 $75 $602 None Review
USAA
3-star brokerage firm rating
$70 $204 $252 None Review
Vanguard
Vanguard brokerage company rating
visit vanguard.com visit vanguard.com $0 Review
Wellstrade
WellsTrade brokerage firm rating
$95 $95 $952 None Review

1 - per account for Fidelity IRAs (excluding SIMPLE IRAs), Fidelity Retirement Plan (Keogh) Accounts.

2 - IRA closing/termination fee.

3 - A $2,500 minimum equity balance must remain in the account; otherwise the $75 full transfer fee will apply.

4 - Transfer a security through the Direct Registration Service (DRS).