The instant deposit feature allows you to get up to $1,000 in your Robinhood account immediately after you initiate a transfer. The settlement time for any pending deposit balance exceeding $1,000 will be around 5-6 business days.
Although you get instant access to funds, the ACH withdrawal could happen 1-2 business days after you initiate the transfer. Make sure you have the necessary funds in your bank account for at least 2 business 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.