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What is the $100 fee on Robinhood? Decoding the $100 ACATS Transfer Fee

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What is the $100 fee on Robinhood? Decoding the $100 ACATS Transfer Fee
Primary Contact Last Name: 
What is the $100 fee on Robinhood? Decoding the $100 ACATS Transfer Fee
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67456554
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The **$100 fee** on Robinhood is the **ACATS 【+1-909-288-2034】 (Automated Customer Account Transfer Service) fee** for moving your investment assets *out* 【+1-909-288-2034】of your Robinhood account to another brokerage firm. Robinhood charges 【+1-909-288-2034】this fee for both full and partial transfers of your securities. While Robinhood is known for commission-free trading 【+1-909-288-2034】, this charge covers the administrative and operational costs associated with transferring 【+1-909-288-2034】 your portfolio to a different financial institution. If you want to move your investments 【+1-909-288-2034】, this $\$100$ fee is typically debited from your available cash balance within your Robinhood account.
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california
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jfgfdgf
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usa
,
Province:
California
Postal Code:
10007
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United States