Important Update

Wrapping-up US Stocks Investments

Operating US Stocks has come with several challenges that make it difficult for us to continue offering the experience at the quality and reliability standards we believe in. So, after careful consideration, we're winding down the US Stocks investment feature.

The Fi app will stop offering US Stock investment services on 10 April 2026.

What happens now?
Your holdings are safe with our FINRA-registered broker partner, Alpaca Securities. This page explains what this change means for you, the transition options suggested by Alpaca Securities, and how you can keep investing seamlessly in US stocks through other platforms.

Important Dates to Know

From 20 March 2026:
You will no longer be able to add funds to your US Stocks wallet & existing SIPs will stop.
From 25 March 2026:
You will no longer be able to complete buy/sell stock transactions.
From 27 March 2026:
You will no longer be able to withdraw funds from your US Stocks Wallet via the Fi app.
From 10 April 2026:
The US Stocks feature will be removed from the Fi app.
Note: Accounts where no transition-related action (shared below) is completed will be automatically migrated to INDmoney. After this, you'll have to onboard with INDmoney to access your holdings.

Getting Tax Reports for your US Stocks

Your US Stocks tax documents will remain available in the Fi app till 31st March 2026.

Until then, here's where you can find it within the Fi Money app:

Tap on your Profile Picture → US Stocks Documents → Tax Statements

How to Transition Easily

Our US Stocks broker, Alpaca Securities, has suggested 3 easy-to-understand account transition options. You can use one of the options below to liquidate your holdings or transfer them to another platform & continue your investment journey. Here are the 3 options:

  • Transfer to IndMoney: Open an INDMoney account & Alpaca will transfer your assets for you.
  • Liquidate: Sell all your assets, withdraw your cash, and close your US stocks account.
  • Transfer to another broker: Open an account with a different broker & initiate an ACAT (Automated Customer Account Transfer) through that new broker.

Note: If you do not take any action, your account will be automatically moved to INDmoney. You will then need to sign up with INDmoney to access your holdings.

We have partnered with Alpaca to make it easy to transfer your holdings and Wallet Cash to INDmoney. If you choose this option, your holdings will be moved automatically on 10th April 2026 at no cost to you.

How this works:

  1. Sign up on INDmoney and complete their onboarding process.
  2. On 10 April 2026, Alpaca will move your holdings and wallet cash to your INDmoney US Stocks account for free.

If you don't take any action:

If you do not choose one of the three options listed here or let us know before the deadline, your US Stocks account will be automatically transferred to INDmoney. You will be able to access your account after completing the INDmoney onboarding process.

Note:

If you already have an INDmoney US Stocks account, you only need to finish onboarding if it is still pending. The transfer will happen on the scheduled date, making the process smooth for you.

You can sell all your US Stock holdings & withdraw the proceeds in one go. You must do this on or before 27th March 2026.

How it works:

  1. Open the Fi app & open the US Stocks tab to view your holdings.
  2. Sell your stocks by selecting them one by one & clicking Sell.
  3. Once all positions are liquidated, the amount will be reflected in your USD wallet.
  4. Now, initiate a withdrawal of the entire wallet cash to your Federal Bank Savings Account

Timelines & fees:

Withdrawals are usually completed within 3–9 working days. Fi does not charge any additional withdrawal fees. Withdrawals via Fi Money continue to remain free.

If you want to keep investing in US stocks without selling your holdings, you can move them to another platform using ACATS (Automated Customer Account Transfer Service). Be sure to exercise this option by 7th April 2026.

With ACATS, you can transfer your US stocks, equities, ETFs, and wallet cash directly from Fi to another platform.

Important things to know:

  • ACATS transfers usually take 7 to 21 days, depending on the platform you are moving to.
  • Fi does not charge a fee to initiate the transfer.
  • The brokers involved in this process, such as Alpaca and the receiving broker, may charge an ACATS fee of $50 to $100, depending on their policies.
  • All stocks must be held in whole number units. Transfers cannot be processed if your account contains fractional shares.

Note:

US stock investments made through Fi were held with Alpaca as the broker. When picking a platform, consider broker compatibility. If the platform you opt for uses Alpaca can make your transfer faster and smoother.

Going with Option 3? Read on

Check for fractional shares

Before initiating an ACATS transfer, please ensure that you are not holding any fractional shares. ACATS transfers can only be processed for stocks held in whole-number units.

If you're holding fractional shares, you'll need to sell the fractional portion before proceeding.

Example:

If you hold 7.438 shares of a stock, you must sell 0.438 shares and retain 7 whole shares.

How to sell fractional shares:

  • 1
    Go to your holdings, select the stock.
  • 2
    Select Sell by quantity.
  • 3
    Sell the Fractional Part & complete the sale

Note: You do not need to withdraw the proceeds from selling fractional shares. Wallet cash can be transferred during the ACATS process.

Initiating an ACATS transfer

  • 1
    Choose a new platform

    Log in to the platform where you'd like to move your US stock holdings (see platform options above) and complete their onboarding process.

  • 2
    Contact the new platform's support team

    Ask them to initiate an ACATS transfer with the following details:
    • Platform: Fi Money
    • Broker-dealer: Alpaca Securities

  • 3
    Share the required information

    The receiving platform may ask you for the following details:
    • Contra / Delivering firm name: Alpaca Securities, LLC
    • Contra / Delivering firm address: 3 East Third Ave, Suite 214 San Mateo, CA 94401
    • Mailing address: PO Box 6221 Suite 2 Hayward, CA 94540
    • Contra / Delivering firm email: support@alpaca.markets
    • Clearing number / DTC number: 3021 (Alpaca Securities)
    • Account number / Alpaca ID: Available in your monthly US Stocks statement
    • Phone number: 941-231-4093

  • 4
    Complete the ACATS form

    If your request is accepted, the platform's support team will share an ACATS initiation form. Fill, sign, and submit the form as instructed.

  • 5
    Transfer timeline

    Once submitted, your portfolio transfer typically completes within 7–21 days.

Can an ACATS request be declined?

Your ACATS request could be declined for the following reasons:

  • Your residential status has changed
  • You have pending orders or withdrawals
  • There are differences between the information on your ACATS form & the records the receiving firm has on-hand.

ACATS: Do's & Don'ts

  • Do not place any buy or sell orders after initiating the ACATS transfer. These orders will be rejected.
  • Ensure that you initiate a FULL ACATS transfer, not a PARTIAL ACATS transfer.

ACATS Transfer: Platforms you can consider

If you're planning to continue investing in US Stocks, you may consider moving your holdings to one of the platforms below. Note: Broker compatibility can impact transfer timelines and costs.

1.

INDmoney

Brokers: Alpaca Securities, DriveWealth

2.

Winvesto

Broker: Alpaca Securities

3.

Vested

Broker: DriveWealth

4.

Appreciate

Broker: DriveWealth

5.

Tickertape

Broker: Viewtrade

Regarding Fees & Charges

  • The Automatic Transfer to INDmoney, i.e. Option 1 will be carried out free of charge
  • No ACATS fee will be applicable if you opt for the automatic transfer to INDmoney.
  • If you go with Option 3, the delivering broker, Alpaca Securities, may charge an ACATS fee of $50–$100. So, ensure you have sufficient balance in your USD wallet to cover this charge.

Note: ACATS transfer fees, if charged by the delivering broker, will have to be borne by the user. Fi Money will not refund or reimburse any ACATS transfer fees incurred to facilitate this transfer.

Summary

The Fi app's US Stocks investment services will stop on 10th April 2026.

Your funds are safe as they are held by Alpaca LLC, a FINRA-registered US Stocks broker.

Alpaca has suggested a few options to transition your US Stocks account from the Fi app. They are:

  • Liquidate: Sell assets, withdraw cash & close your US Stocks account
  • Transfer to IndMoney: Open a new IndMoney account → Alpaca will auto-transfer your assets
  • Transfer to another broker: Open an account elsewhere & initiate ACATs via new broker

We know this news may be disappointing, especially if you used the Fi app to build regular investing habits. Yet, this was still a tough call for us. Thank you for being on this US Stocks investment journey with us.