ACAT fees for outgoing brokerage account transfers at Etrade, TD Ameritrade, WeBull, Robinhood, Charles Schwab, TastyWorks, Fidelity Investments, Vanguard, Ally Invest, and Wells Fargo.

ACAT Fees

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, otherwise known as ACAT, is one of the brokerage's fees that investors should be aware of. The ACAT fee can be as high as $125.

An account transfer fee 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.

TD Ameritrade offers the most generous ACAT reimbursement promotion. The broker reimburses up to $150 in fees for transferring an account from another 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.

List of Brokerage ACAT Fees

Brokerage Firm Full Account Transfer Out Partial Account Transfer Out Account Closing Fee Account Transfer Offers/ New Account Offers Review
TD Ameritrade
4.5-star brokerage firm rating
$75 $0 $0 $0 stock/ETF trades and a transfer fee refund. Review
Ally Invest
Ally Invest rating
$50 $50 $502 Up to $3,000 cash bonus + commission free trades for new accounts. Review
Charles Schwab
4-star brokerage firm rating
$50 $25 $0 None Review
ChoiceTrade
4-star brokerage firm rating
$75 $35 $50 None Review
Etrade
Etrade brokerage firm rating
$75 $25 $0 None Review
Fidelity Investments
3-star brokerage firm rating
$0 $0 $0 None Review
Firstrade
4.5-star brokerage firm rating
$75 $55 $0 2 free stocks & $0 fees on all mutual fund, stock, ETF, & option trades. Review
Interactive Brokers
4-star brokerage firm rating
$0 $0 $0 Get up to $1,000 in IBKR stock with this referral link! Review
JP Morgan Chase
3-star brokerage firm rating
$75 $75 $752 None Review
Lightspeed Trading
3-star brokerage firm rating
$95 $95 $952 None Review
M1 Finance
4.5-star brokerage firm rating
$100 $100 $1002 Get up to $500 for making a deposit or up to $4,000 when you transfer account with $10K+. Review
Merrill Edge
3.5-star brokerage firm rating
$49.95 $0 $49.952 None Review
Public
4-star brokerage firm rating
$75 $75 $0 Free stock bonus! Stock, ETF, partial shares trades with $0 fees. Review
Robinhood
3-star brokerage firm rating
$75 $0 $0 Open an account and get one free stock. Review
Sofi Invest
4-star brokerage firm rating
$0 $0 $0 0% SoFi management fees and access to financial planners. Review
Stash Invest
4-star brokerage firm rating
$75 $75 $0 $20 free stock when you open an account with this referral link. Review
SogoTrade
3-star brokerage firm rating
$75 $50 $502 None Review
TastyWorks
4-star brokerage firm rating
$75 $0 $602 Get $75 for each person you refer when you sign up with this referral link. Review
TIAA
3-star brokerage firm rating
$50 $0 $1302 None Review
TradeStation
4-star brokerage firm rating
$125 $125 $50 Cash bonus up to $5,000 for depositing funds into TradeStation. Review
Tradezero
3-star brokerage firm rating
$125 $125 $0 Trade stocks, ETFs and options commission-free. Review
Vanguard
Vanguard brokerage company rating
$0 $0 $0 None Review
WeBull
Webull brokerage firm rating
$75 $0 $0 Grab your last chance to get 3 free stocks valued up to $3,300. Review
Wellstrade
WellsTrade brokerage firm rating
$95 $95 $952 None Review
ZacksTrade
4-star brokerage firm rating
$0 $0 $0 The lowest margin rates + transfer fee reimbursement. Review

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).



Webull