Secure Transfer: This process is called an ACAT and is the industry standard for transferring stocks.

Eligible Transfers: This promotion is only valid for eligible ACAT transfers into your primary Public Investing brokerage account, ACATs (“Trustee-to-Trustee transfers”) into your IRA(s), and 401(k) rollovers. The promotion does not include deposits into your Public Investing accounts or contributions made to your Public Investing retirement account(s).

Seamless And Fast: Most transfers are completed within a few days (but can take up to 7-10 business days to fully complete). Make sure you are inputting all information correctly (name, account numbers, etc.) so the transfer can happen smoothly.

Transfer From Most Brokers: Whether you're leaving Robinhood, M1 Finance, WeBull, Charles Schwab, TD Ameritrade, or any other US-based broker that offers ACAT-eligible transfer, we can help.

No Incoming Transfer Fees (and we cover yours): Public does not charge a fee for incoming transfers. If your current brokerage charges you on the way out, we’ll even cover the fee if your incoming account value is over $1,000. The fee reimbursement will be added to your Public account once the transfer is completed.

ACAT transfers, IRA ACAT transfers and 401k rollovers made by new and existing members are eligible for this promotion. Note that deposits into your Public Investing brokerage account or your Public Investing IRA(s) are not eligible for this promotion. Contributions to your Public Investing IRA(s) are also not eligible for this promotion.

The assets transferred, and any associated bonus, must stay in your Public Investing account for the following minimum amounts of time or the bonus will be revoked:

Before requesting the transfer, you should review and consider all fees charged by the delivering firm and any tax consequences that may result from potential liquidations required before the delivering firm completes the transfer. If you transfer over $1,000, then Public will reimburse you for the fee charged by your delivering firm up to $100 per transfer.

Public supports US-listed stocks and ETFs, bonds, and options. Assets that Public does not support include some OTC-traded securities and mutual funds. If you choose to transfer any unsupported assets to Public, then your positions may either be liquidated upon receipt and reflected in your account as cash or those positions will be limited to sell-only.

Public is not able to accept some assets via ACAT transfer (because they are not supported by the central clearinghouse) including: fractional shares, crypto assets, and alternative investments. If you choose to fully transfer an account with any of those assets, those positions may be liquidated by the delivering brokerage firm and transferred to Public as cash. Please consult with your delivering brokerage for their policies.

All eligible ACATS received by Public during the promotion period will be aggregated by account type (i.e., brokerage, Roth IRA, Traditional IRA) for purposes of determining bonus entitlement. For example, if you first transfer $25k to your brokerage account and then separately transfer $100k to your brokerage account, you will receive a $600 bonus in total ($250 bonus on the $25k transfer and $350 bonus on the $100k transfer for a total aggregate bonus of $600). Transfers received in different account types will not be aggregated.

ACAT transfer and IRA rollover requests may take 1-2 weeks to finalize. 401K Rollovers typically require additional processing time.

The cash bonus will be applied to qualifying accounts no later than one (1) month after the transfer settlement date.

If you completed an ACAT transfer prior to January 1, 2023 and you received a bonus of equal to or less than $10,000, then the assets transferred, and any associated bonus, must stay in your Public Investing account for at least 9 months, or the bonus will be revoked. If you received a bonus of greater than $10,000, then the assets transferred, and any associated bonus, must stay in your Public Investing account for at least 12 months, or the bonus will be revoked.

Bonuses awarded in excess of $600 (cumulative, per calendar year) will generate a 1099-MISC tax form. Public processes IRA transfer and 401k rollover bonuses as interest earned by the IRA for tax reporting purposes. Please consult your tax advisor. Public does not provide tax advice.

The name and type of the delivering account must be the same as the receiving account’s name and type. The transfer may be rejected or delayed if the information is not identical.

You may not be eligible for this promotion if you previously participated in a Public promotion and subsequently transferred all or substantially all of your funds out of Public.

This promotion is not valid with any other offers and is non-transferable. Offer available only to individuals who are 18 years or older and are U.S. residents residing within the United States. Public reserves the right to terminate or modify this offer at any time, to limit or modify the amount of bonuses you are eligible to receive, and/or to refuse or recover any promotion award if Public determines it was the result of wrongful, incomplete, inaccurate, or fraudulent circumstances or if terms and conditions of this promotion were violated.

By participating in this promotion, you agree to release, discharge, indemnify, and hold harmless, Public, its affiliates, and all of their respective officers, directors, partners, and employees from any liability or damages that may result out of participation in this promotion.

This offer is for a limited time only. Other restrictions may apply as determined by Public from time to time in its sole discretion.

This information is not tax or investment advice. Consult your tax advisor for individual considerations. All investing involves risk.