Deposit Money into Your Robinhood Account

Fund Your New Robinhood Account                                                            

Initiating a Deposit

iOS Android Web
  1. Tap the Account icon in the upper left corner.
  2. Tap Banking.
  3. Tap Transfer to Robinhood.
  4. Choose the account you’d like to transfer from.
  5. Enter the deposit.
  6. Swipe Up.

You can see your transfer history, your pending transfers, and their estimated landing dates in the History tab of the Account menu.

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

Instant Deposits

You’ll receive up to $1,000 in instant deposits. The settlement time for any deposit larger than $1,000 will be around four to five business days. Although you get instant access to funds, the ACH withdrawal could happen 4-5 days after you initiate the transfer. Please make sure you have the necessary funds in your bank account for at least 4-5 days after you initiate the ACH transfer to prevent a transfer reversal. A transfer reversal happens when a scheduled bank transfer is canceled for insufficient funds or a variety of other reasons. Check out our guide to preventing transfer reversals to learn more.

Automatic Deposits

You can set up automatic transfers into your Robinhood account on your mobile app:

  1. Tap the Account icon in the upper left corner.
  2. Tap Banking.
  3. Tap Automatic Deposits.
  4. Choose your schedule.
    1. Weekly: We’ll initiate this deposit every Monday.
    2. Twice Monthly: We’ll initiate this deposit on the 1st and 15th of every month.
    3. Monthly: We’ll initiate this deposit on the 1st of every month.
    4. Quarterly: We’ll initiate this deposit on the 1st of January, April, July, and October.
  5. Enter the amount you want to deposit each time.

Note: You can only set one weekly, one biweekly, one monthly, and one quarterly automatic deposit for each ACH relationship.

Canceling a Pending Deposit

To cancel a pending deposit in your mobile app:

  1. Tap the Account icon in the upper left corner.
  2. Tap History.
  3. Tap the pending deposit you want to cancel.
  4. Tap Cancel Transfer.
Keep in Mind: You can only cancel your transfer 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. You may also notice there’s no Cancel button if the funds from your deposit are being used to cover a margin call or negative buying power, or if you’ve already made purchases with the funds.
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