We appreciate your interest in SoFi Invest! SoFi Invest is capable of receiving assets directly from another brokerage account if that brokerage firm is ACAT eligible.
If unsure, please contact your current brokerage firm and request their brokerage clearing number or DTC. You can start the direct transfer in your SoFi account with an ACAT (automated customer account transfer) form, found on the ‘Deposits’ page of your Invest portfolio. There are some restrictions (refer to the ACAT Information article for more details), we do not charge any fees to transfer an investment account INTO SoFi Invest, and finally, the ACAT transfer request may take 1-2 weeks to finalize.
Please note, it is possible that other firms may charge an ACAT fee. If you transfer over at least $5,000 from a brokerage account using the SoFi ACAT system, SoFi will cover up to $75 of any ACAT Outgoing Fees you may incur from your current brokerage firm. Once the transfer is successfully completed, you can request reimbursement by contacting us by calling 855-525-7634 or chat online.