Promotion expires on 06/30/2023.
For ACATS requests submitted to Public on/after January 1, 2023:
If you have investments with another brokerage, you can easily transfer them over to Public without selling your eligible whole share stock* positions.
Download the Public app and once your account is set up, go to your Settings. In the “Account” section, you’ll see an option to transfer your stocks to Public.
This process is called an ACAT and is the industry standard for transferring stocks. Think of it as a wire for stocks.
Seamless And Fast
Submit a request to transfer in less than a minute. 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 Any Broker
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 Transfer Fees (and we cover yours)
Public charges no fees 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 $500.
*Terms and Conditions
ACAT transfers made by new and existing members are eligible for this promotion.
Before requesting the transfer, you should review and consider all fees charged by the delivering brokerage firm and tax consequences that may result from potential liquidations required before the delivering firm completes the transfer. If you transfer over $500 to Public, then Public will reimburse you for the fee charged by your delivering brokerage firm up to $100 per transfer.
Public supports US-listed stocks and ETFs. Assets that Public does not support include options, mutual funds, and bonds. 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 for purposes of determining bonus entitlement. For example, if you first transfer $25k and then separately transfer $100k, then 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).
ACAT transfer requests may take 1-2 weeks to finalize.
The cash bonus will be applied to qualifying accounts no later than one (1) month after the transfer initiation date.
If your ACATS request was submitted to Public on or after January 1, 2023, the assets transferred, and any associated bonus, must stay in your Public account for at least 12 months, or the bonus will be revoked. If you transferred 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 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 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.
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.
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.
Securities trading services are provided by Open to the Public Investing, Inc., a wholly-owned subsidiary of Public Holdings, Inc. and a FINRA- and SEC-registered broker-dealer. Open to the Public Investing, Inc. is also a member of Securities Investor Protection Corporation (“SIPC”). SIPC protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). More details, including an explanatory brochure upon request, are available at www.sipc.org.
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Apex Crypto LLC is not a registered broker-dealer or a member of SIPC or FINRA. Cryptocurrencies are not securities and are not FDIC or SIPC insured. Apex Crypto LLC is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. For more information, see Legal Disclosures, Apex Crypto.
Before investing in an ETF, investors should consider the investment objectives, risks and charges, and expenses of the ETF before investing. Although ETFs are designed to provide investment results that generally correspond to the performance of their respective underlying indices, they may not be able to exactly replicate the performance of the indices because of expenses and other factors. A prospectus contains this and other information about the ETF and should be read carefully before investing. Customers should obtain and review prospectuses from issuers and/or their third-party agents who distribute and make prospectuses available for review.
At Public, our mission is to open the markets to all. Trades are commission-free, meaning $0 commission trading on self-directed individual cash brokerage accounts that trade U.S. listed securities placed online. Other fees may apply. See Public’s Disclosures to learn more.
If you have any questions related to the account transfer cash bonus, please contact email@example.com.