If you currently invest with Fi Money and want to consolidate your portfolio on Paasa, the process is simple and seamless.
Fi is layered on top of the Alpaca brokerage. Once you have opened a Paasa account, you’ll just need two things from your Fi app:
Your Alpaca account number
Your latest account statement
After you share these with us, we’ll initiate an ACATS (Automated Customer Account Transfer Service) transfer on your behalf. This will move your holdings from Fi to Paasa without triggering any sale—so your positions remain intact and tax events aren’t created.
Note: Transfers usually complete in a 4-8 business days
If you have any questions or run into difficulties, we’re here to help. You can reach us at +91 98993 54394 or directly through the app.
We look forward to welcoming you fully onto Paasa!
Frequently Asked Questions
What can be Transferred?
- US-listed common stocks
- US-listed ETFs
- US-listed bonds
- USD cash balances
What cannot be Transferred?
- Fractional shares
- Unsettled trades or active orders
- Cryptocurrencies or non-US assets
- Illiquid penny stocks or over-the-counter securities
Will my cost basis be preserved?
Yes, this transfer process preserves original acquisition price and date.
What are the common reasons for transfer request cancellation?
- Name or DOB or address mismatch
- Unsettled trades (Wait for recent trades to settle before initiating transfer)
- Fractional shares rejected (These are not transferable. You must liquidate them.)
Disclaimer
This blog is for informational purposes only and does not constitute investment, legal, or tax advice. Paasa does not control Alpaca's processing timelines or fees. Transfer eligibility, timelines, and costs are subject to change based on the policies of the underlying brokers and the ACATS system. Customers are responsible for verifying all account details and tax implications before initiating a transfer.
