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Acorns does not DRS transfer shares, so you need to transfer your shares to another broker that can DRS transfer.

A popular route has been through Fidelity, as they are able to reliably DRS transfer for free, and it’s a very simple process to request it. Fidelity have also been known to reimburse transfer fees when moving to them (up to $75)

Specifics for Acorns

Acorns charges a $50 fee to transfer to another broker. This means each time you want to transfer a specific stock (no matter how many shares) you are charged $50. You will need to make sure you have $50 settled in your account before you can transfer.

For more information on transferring out of Acorns, you can read their support page on it here (It says funds in the title, but goes on to talk about shares).

Transfer Instructions

How to Transfer between Brokers

Open an account with Fidelity. When it asks you how you want to fund your account, select transfer from another brokerage. Fidelity will pull your shares from Acorns. This will take roughly 3 days.

How to DRS Transfer

After your shares reach Fidelity, you are able to request the DRS transfer from Fidelity to the issuer's transfer agent. To do this you can follow our guide on how to DRS transfer from Fidelity.


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