Transfers to Robinhood (Deposits)

How to Initiate a Deposit

To transfer funds into Robinhood:

  • Go to your Account Menu
  • Tap on Banking
  • Tap Transfer to Robinhood
  • Choose the account you’d like to transfer from if you have more than 1 account linked
  • Enter the amount and swipe up to submit

On iOS:                                                              On Android:

         

Once you’ve initiated your transfer, go to “History” in the Account Menu to see your pending transfers and their respective landing dates in your Robinhood account.

You can transfer up to $50,000 per business day into your account.

Deposit Time Frame

You will receive up to $1,000 in instant deposits. Settlement time for any deposit larger than $1000 will be around 4 to 5 business days.  

Automatic Deposits

You can set up an automatic deposit schedule, so you can always have the funds you want in your Robinhood account!

To set up your automatic deposit schedule:

  • Go to your Account Menu
  • Tap on Banking
  • Tap on Automatic Deposits
  • Choose what schedule you’d like
    • Weekly - This deposit will be initiated on Monday every week. Each transfer takes 4 - 5 trading days to complete.
    • Twice a Month - This deposit will be initiated on the 1st and 15th of every month. Each transfer takes 4 - 5 trading days to complete.
    • Monthly - This deposit will be initiated on the 1st of every month. Each transfer takes 4 - 5 trading days to complete.
    • Quarterly - This deposit will be initiated on the 1st of January, April, July, and October. Each transfer takes 4 - 5 trading days to complete.
  • Enter in the amount you want initiated each time

*Please note that you can have up to one weekly, one biweekly, one monthly, and one quarterly automatic deposit scheduled for each ACH relationship.

On iOS:                                                                On Android:

          

Cancel Pending Deposit

To cancel a pending deposit:

  • Go to your Account Menu
  • Tap on History
  • Tap on the pending deposit you want
  • Tap the Cancel Transfer button

On iOS:

*Please keep in mind that you can only cancel prior to market close on the day you initiate the transfer. If you don’t see the “Cancel” button, we can’t cancel your transfer.

Transfer Reversals

An ACH reversal is a cancelled transfer of funds. ACH reversals may occur under the following conditions: insufficient funds, wrong type of account (non-ACH transactional), duplicate transaction, or a declined transfer. To check how much cash is available for withdrawal, go to your Account Summary.

When reversed, funds will be placed back in the originating account and your Robinhood account will be charged a $30 fee. Reversal fees are charged by Robinhood’s clearing partner APEX, therefore Robinhood is not authorized to waive fees after they have been charged to your account.

An email will be delivered immediately to notify you of the reversal. Inquiries related to ACH reversal should first be directed to your bank.

To prevent any future reversals, we recommend doing the following before initiating transfers to Robinhood:

  • Verifying that you have sufficient available funds for 1-2 business days following your transfer request in the app, as the request might be delayed reaching your bank
  • Confirming that your bank account is enabled for standard outgoing ACH transfers, and that you’ve entered in the correct information when linking the account
  • Limiting transfers from savings accounts, as they might not be ACH transactional or limited to 6 transactions per month (including any small amounts transferred when linking a bank account manually)

 

 
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