Stock settlement is the time it takes stocks or cash to reach their new destination after a transaction is executed. Buying power is the amount of money you have available to make purchases in your app.
If you have a Robinhood Instant or Robinhood Gold account, you have instant access to funds from bank deposits and proceeds from stock transactions. This means that if you sell a stock today, you can use the funds right away, instead of waiting the typical two trading days for access to those funds.
With a Robinhood Instant account, you have access to up to $1,000 of instant deposits, and with a Robinhood Gold account, you have access to your tier amount in instant deposits.
Note: Cash accounts don’t have access to instant settlement, and banking holidays can affect settlement times.
Buying power is the amount of money you can use to purchase stocks, options, or cryptocurrencies. Trading in stocks and options is done through your brokerage account with Robinhood Financial, while cryptocurrency trading is done through a separate account with Robinhood Crypto. You can still see all of your buying power in one place in the app or on Robinhood Web.
You can view your available buying power in your mobile app:
- Tap the Account icon in the upper left corner. You can view your buying power here.
- For a comprehensive overview, tap Account.