What is the best way to transfer my digital assets from Robinhood to Schwab?

1 answers

• May 08, 2022 · 3 years ago
  The best way to transfer your digital assets from Robinhood to Schwab is to initiate an ACATS transfer. ACATS stands for Automated Customer Account Transfer Service, which is a system used by brokerage firms to facilitate the transfer of assets between accounts. Here's how you can initiate an ACATS transfer: 1. Open an account with Schwab if you haven't already. 2. Contact Schwab's customer support and inform them that you want to initiate an ACATS transfer from Robinhood. 3. Schwab will guide you through the process and provide you with the necessary forms. 4. Fill out the forms accurately and provide all the required information. 5. Submit the forms to Schwab and wait for the transfer to be completed. ACATS transfers are generally efficient and secure, as they are regulated and standardized. However, keep in mind that there may be certain restrictions or fees associated with ACATS transfers, so it's important to consult with Schwab's customer support for specific details.
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