How To Transfer From Merrill Edge To Robinhood 2024

If you're looking to transfer your assets from Merril Edge to Robinhood, here is our step by step guide.

This is possible through the ACATS transfer service.

Check out my video on how to transfer your brokerage account below, let's dive in!

Learn More: Robinhood Retirement 3% Match

Robinhood is a popular "all-in-one" investing app.

While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.

Introducing Robinhood Retirement; home of the biggest IRA match on the market.

Here's what you need to know:

• Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
• All Robinhood investors will get a 1% Match on what they Contribute or Transfer
• Robinhood Gold members will get a 3% Match - the biggest on the market

And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.

Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.

Best Free Stock Promotions

Brokerage	Promotion	Link
	1 Free Fractional Share Worth Up To $200	Learn More
	Earn Up To 75 Free Fractional Shares	Learn More
	5 Free Stocks When You Deposit $100+	Learn More
	$20 Bonus When You Invest $5+	Learn More

Transfer Fees

Merril Edge charges a $49.95 fee for a full account closure and transfer. Be prepared to have this cash balance in your account.

Robinhood doesn't charge anything on the receiving side.

1. Open A Robinhood Account

The first step you need to take is setting up your new brokerage account with Robinhood.

If you already have an account with Robinhood, you can move on to the next step.

Use the button above to get a completely free stock when you sign up!

2. Gather Information From Merril Edge

In order to initiate the transfer, you need your Merril Edge account number.

Here's how to locate this:

1. Open the App and Log In: Start by opening the Merrill Edge app on your device and log in to your account using your credentials.
2. Navigate to "Accounts": Once logged in, look for the "Accounts" option at the top of your screen. This is usually located in the main navigation menu.
3. Select "Investment Accounts-Retirement": Within the "Accounts" section, you'll find various categories. Tap on "Investment Accounts-Retirement." This option may vary slightly depending on the app's interface.
4. Locate Your Account Name: Under the "Investment Accounts-Retirement" section, find your specific account name. The account name may be associated with your investment or retirement account.
5. Find Your 8-Digit Account Number: Next to your account name, you should see your 8-digit account number. It is specifically labeled as your account number and serves as a unique identifier for your Merrill Edge account.

3. Initiate The Transfer

Once you have opened a brokerage account with Robinhood, the next step is to initiate the transfer within Robinhood.

This is only possible via the Robinhood app, so you will want to download this onto your phone.

You can execute the transfer with the steps below:

1. Tap the person icon along the bottom navigation menu in the Robinhood app
2. Tap the three lines icon in the top left corner
3. Select "Transfers"
4. Choose "Transfer accounts into Robinhood"
5. Select Merril Edge by typing it in the search bar
6. Enter in your Merril Edge account number
7. Confirm your account name
8. Answer whether or not your Merril Edge account has mutual funds or bonds
9. Choose full or partial transfer
10. Review the transfer and submit