With Robinhood Gold, you can take advantage of bigger instant deposits.
Instant deposits allow you to use the cash from a bank transfer to your Robinhood account immediately (instead of the standard two-day hold). So, if you see an opportunity in the market, you can capture it by increasing your buying power right away.
With a Robinhood Instant account you can receive up to $1,000 instantly, but with Gold your instant deposit amount is the same as your Gold Tier–up to $50,000. This means that if you’re using the $2,000/month Gold tier and deposit $3,000, you’ll have access to $2,000 instantly and the remaining $1,000 after normal settlement. You can increase your instant deposit amount by increasing your Robinhood Gold tier.
You can change your Robinhood Gold tier at any time in your mobile app:
- Tap the Account icon in the upper left corner of your screen.
- Tap Settings.
- Tap Gold.
- Tap Change Tier.