How to Transfer a Roth IRA from Fidelity to Robinhood

Switching investment platforms is often part of adjusting your financial strategy over time. Whether you’re looking for different features, lower fees, or a new approach to managing your retirement savings, transferring a Roth IRA can help you stay aligned with your evolving goals.

This guide walks you through how to transfer your Roth IRA from Fidelity to Robinhood, ensuring the process protects your account’s tax-advantaged status and keeps your long-term plans on track.

At Carry, we want to make financial decisions feel more manageable, even if you’re handling them outside our platform. Please note that while we try to provide the most up-to-date information, these processes are subject to change without notice, so be sure to check with your provider before moving forward. 

Step 1: Understand Your Roth IRA Transfer Basics

Moving your Roth IRA from Fidelity to Robinhood requires careful planning.  A direct transfer allows retirement funds to move between custodians without triggering taxes or penalties, preserving the account’s tax-advantaged status.

What You’ll Need:

✅ Your current Fidelity Roth IRA account number

✅ Access to both Fidelity and Robinhood accounts

✅ Recent Fidelity IRA statement

✅ Government-issued identification

✅ Personal contact information

Step 2: Verify Account Eligibility

Before initiating the transfer, confirm that your Roth IRA is eligible for transfer. Robinhood accepts Roth IRA transfers, but certain restrictions may apply. Check for any minimum balance requirements and ensure there are no pending transactions or account holds.

Step 3: Initiate the Transfer Process

Start the transfer by contacting Robinhood through their platform. Most transfers are processed using the Automated Customer Account Transfer Service (ACATS) to ensure a secure and efficient transition. You will need to provide your Fidelity account details and authorize the transfer.

📝 Pro tip: Have your Fidelity account statement readily available during this process.

Step 4: Select Transfer Method

There are two common transfer methods:

📝 Tip: Direct transfers are generally faster and reduce the risk of tax complications.

Step 5: Prepare Required Documentation

Having the right documents ready can prevent delays:

✅Most recent IRA statement from Fidelity

✅Government-issued photo identification

✅Completed transfer request form from Robinhood

✅Social Security information

Step 6: Understand Potential Transfer Fees

Fidelity may charge a $50 account closeout fee when you fully close your Roth IRA account. ​

Robinhood often reimburses transfer fees up to $75 for transfers exceeding $7,500 in total assets. You’ll need to provide proof of any fees charged by Fidelity.

📝 Important Note: Keep all documentation of transfer-related expenses.

Step 7: Navigate Tax Considerations

When executed correctly, a direct Roth IRA transfer is a non-taxable event. Ensure the transfer occurs between like accounts to maintain your tax-advantaged status.

Step 8: Verify and Confirm Transfer

After initiating the transfer:

✅ Monitor the transfer status through both Fidelity and Robinhood
✅ Confirm the final transferred balance matches your original account
✅ Verify that no unexpected fees or changes occurred

Most transfers are completed within 5–7 business days.

📝 Reminder: During the transfer, a pending status may appear in both your Fidelity and Robinhood accounts

Final Thoughts on Transferring Your Roth IRA

Transferring a Roth IRA from Fidelity to Robinhood is a straightforward process when approached with proper preparation. The key priorities are to use a direct transfer method to protect the account’s tax-advantaged status, ensure all required documentation is accurate, and stay informed about any potential transfer fees and reimbursement options.

Your next steps should include:

✅ Gathering all necessary account documents

✅ Initiating the transfer through Robinhood’s platform

✅ Monitoring the transfer progress through both providers

✅ Verifying that all assets and balances have been correctly transferred

📌 Want to dive deeper? Here are some other helpful resources:

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Disclaimer:

The Carry Learning Center is operated by The Vibes Company Inc. (“Vibes”) and contains generalized educational content about personal finance topics. While Vibes provides educational content and technology services, all investment advisory services discussed on this website are provided exclusively through its wholly-owned subsidiary, Carry Advisors LLC (“Carry Advisors”), an SEC registered investment adviser. The information contained on the Carry Learning Center should not be construed as personalized investment advice and should not be considered as a solicitation to buy or sell any security or engage in a particular investment, accounting, tax or legal strategy. Vibes is not providing tax, legal, accounting, or investment advice. You should consult with qualified tax, legal, accounting, and investment professionals regarding your specific situation.

The accounts, strategies and/or investments discussed in this material may not be suitable for all investors. All investments involve the risk of loss, and past performance does not guarantee future results. Investment growth or profit is never a guarantee. All statements and opinions included on the Carry Learning Center are intended to be current as of the date of publication but are subject to change without notice.

To access investment advisory services through Carry Advisors, you must be a client of Vibes on an eligible membership plan. For more information about Carry Advisors’ investment advisory services, please see our Form [ADV Part 2A] (https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=916200) brochure and [Form CRS] (https://reports.adviserinfo.sec.gov/crs/crs_323620.pdf) or through the SEC’s website at [www.adviserinfo.sec.gov] (http://www.adviserinfo.sec.gov/).