ACATS - What is it and what does Kraken support
ACATS is an automated client account transfer system used to move your stocks between different broker accounts.
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To transfer shares into Kraken from other brokers, contact our support team. We can help to initiate the process.
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To transfer shares out of Kraken, contact the recipient broker to initiate the process.
You can transfer stocks and ETF balances to Kraken. You can transfer all or part of an outside account. Only full shares can be transferred; partial or fractional share transfers are not supported.
Kraken does not charge any fees to transfer assets into Kraken. However, your external brokerage may charge a transfer fee.
Transferring stocks and ETFs out of Kraken will incur a transfer fee of $100. There are no fees charged by Kraken (or Alpaca, our brokerage partner) for transferring stocks and ETF balances into Kraken—but the originating broker may charge their own fees for such transfers.
Transfers can take up to seven business days to complete.
Unless otherwise indicated in the instruction above, please transfer in-kind, all assets into my account with Alpaca Securities LLC. I understand that to the extent any assets in my account are not readily transferable with or without penalties such assets may not be transferred within the timeframes required by applicable regulations. I understand I will be contracted by the delivering and/or receiving firm regarding any assets that are not transferable. I authorize you to liquidate any non-transferable proprietary money market fund assets that are part of my account and transfer the resulting credit balance to Alpaca Securities LLC. I authorize the transferor to deduct any outstanding fees due you from the credit balance in my account. If my account does not contain a credit balance, or if the credit balance in the account is insufficient to satisfy any outstanding fees due you, I authorize you to liquidate the assets in my account to the extent necessary to satisfy that obligation. I understand that upon receiving a copy of this transfer instruction, for a full account transfer, transferor will freeze my account and cancel all open orders for my account on your books. I affirm that have destroyed or returned to the transferor all credit/debit cards and or unused checks issued to me in connection with my account.