How to transfer a Robinhood account to WeBull (IRA, stocks, ETFs, assets, money to brokerage). How long does it take and how much does it cost.

How to Transfer a Robinhood Account to Webull

If you are already using Robinhood but have heard about all that Webull has to offer, you might be wondering how to make the switch.

To move your Robinhood brokerage account over to Webull, there are a couple of options available to you, each with their own pros and cons.

In this guide, we will show you how to move your Robinhood assets over to Webull in the quickest, safest, and easiest way possible. Read on to learn how.


Things to Know Before You Transfer an Account

There are several things that investors should know about when considering an account transfer out of Robinhood to Webull. Depending on the goal of the transfer, different options are available that help investors meet those goals.

The most important thing to know is that Robinhood does support ACAT transfers accounts. With the availability of outgoing ACAT transfers at Robinhood, investors can select either full ACAT transfers, partial ACAT transfers, or a manual process. Each option comes with its own set of pros and cons which we will cover in more detail further along.

Another important consideration is the ACAT transfer fee. Robinhood charges a fee of $75 for each ACAT transfer. The same fee is applied for partial and full ACAT transfers.

For US investors transferring an account from Robinhood to Webull, that fee is gifted back to the newly transferred account by Webull within 10 days of the new account opening. However, in order to receive the transfer bonus from Webull, there are a couple of things that need to happen.

For brokerage accounts: the total value of cash and assets being transferred should total at least $2,000.

For IRA accounts: the total value of cash and assets being transferred should total at least $5,000.

Finally, it is important to note that Webull will only accept ACAT transfers for accounts valued at more than $500.


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Initiating a Robinhood to WeBull Account Transfer

The first step in setting up an outgoing ACAT transfer with Robinhood is to decide on whether the Robinhood account should remain open. A full ACAT transfer will result in an account closure, while a partial transfer will leave the account unaffected.

The second step is to open a Webull account.

To initiate the ACAT transfer, investors should do so using the Webull app or website.

Webull offers ACAT availability to partial account transfers and full account transfers.

Partial account transfers can only include stock and ETF positions. When setting up the transfer, it is important to provide the symbols of all transferable assets, along with how many of each are to be included.

Full ACAT transfers can include U.S. listed stocks, options positions, ETFs, ADRs, and cash.


Start the Robinhood to WeBull Transfer

To begin the transfer, navigate to TRANSFERS. Then to TRANSFER STOCKS TO WEBULL. Then to TRANSFER NOW, once all the necessary information has been provided on the form/wizard provided.


Transfer Robinhood Stocks to Webull


As part of the information needed to start the ACAT transfer within the Webull tool, investors are sometimes required to provide Robinhood’s DTC number or the Robinhood brokerage account number. The account number can be found in Robinhood, under the INVESTING tab. The DTC number for Robinhood is 6769.

The entire ACAT transfer process should not take more than 7 days.


ACAT Alternatives

The alternative to using ACAT to facilitate an account transfer, is to use a manual approach. The manual method of switching brokers is fairly straightforward but there a few things to know about before you choose this process.

To manually transfer an investment account all of the assets in the account should be liquidated (sold) so that only a cash balance remains. In the event that some of the those assets require a settlement period before the funds are available for withdrawal, investors looking to transfer funds out should be prepared to wait for a few days before their cash balance in Robinhood matches the funds available for withdrawal.

Once all funds have completely settled, it is possible to withdrawal the account capital to a personal bank. Once that transfer is complete, the newly transferred funds can be used to fund the new Webull account.

While this process is less expensive and fairly simple to complete, it can take a bit longer than the ACAT transfer.


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Account Transfer Benefits

Transferring an account from Robinhood to Webull comes with some distinct benefits. Not only to investors get the opportunity to receive a reimbursement for their first ACAT transfers fees, but they also receive free stocks for both opening and funding a new account.

In addition, investors get to take advantage of the excellent charting, market overview tools, and variety of pro-level trading software solutions that are available.

Add to those benefits the fact that Webull is consistently adding new promotional concepts to its platform to enrich the investment experience of its customers, and you have yourself a pretty good deal all around.


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Updated on 7/1/2022.

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