Link your accounts
Before you begin
If you’re linking a bank account, we recommend linking a checking account rather than a savings account to avoid potential transfer reversals. You can also link an external debit card account for instant transfers to your Robinhood brokerage or spending account. Keep in mind, instant transfers with your debit card are different from Instant Deposits. The Instant Deposits feature allows you to get up to $1,000 in your Robinhood brokerage account immediately after you initiate a transfer from an external bank account only.
Banks
Most banks you do business with make it easy to link your bank account in the app. If you don’t see your bank or credit union listed, you’ll need to verify your account manually.*
App
To link a major bank in your iOS or Android app: If you can't find your bank:
- Enter the name of your bank in the search bar
- Select Checking account or Savings account
- Enter your account information
Web
To link a bank on the web: If you can't find your bank:
If you receive the error message “Error: Please disable the added/extra security placed on the account,” you’ll need to either disable the two-factor verification setting on your bank account, or contact your bank to make sure there isn’t a problem with your online banking profile. *You can fund your account with an individual or joint bank account. We can’t allow funding from trust or business accounts at this time. Please make sure you link the correct account type to avoid restrictions on your Robinhood account. For security purposes, we limit the number of bank accounts we can link to a single Robinhood account. We also limit the number of Robinhood accounts that a bank account can be linked to. We encourage you to take extra care to enter this information accurately, including any leading or trailing zeroes in both the account and routing numbers.
Microdeposit errors
Microdeposits are small sums of money that are transferred online from one financial account to another to verify the account. Linking and verifying your bank account manually can be a tricky process, and you may encounter one of these errors: Please don’t initiate multiple microdeposit verifications within a short period of time. This could make it difficult to determine which deposits to verify.
Once you’ve submitted your information, we’ll initiate two microdeposits to your bank account. Please allow up to 48 hours for the transfers to appear in your bank account. Once the 2 small transfers have landed in your bank account, verify them in your app:
Note
These 2 small transfers are for the sole purpose of verifying your bank account and will be withdrawn when they expire.
Link and verify your debit card
You can link a non-Robinhood Visa or Mastercard debit card to your account that allows you to make instant transfers.
Before you begin
We only support debit cards issued by a US bank in the Visa and Mastercard networks. We don't accept prepaid or credit cards. We also limit the number of cards you can link to a single account. Terms of Service and other fees may apply.
To link and verify your debit card in the app or on the web: Next, we'll temporarily charge $1.95 to your bank to confirm your debit card. We remove this charge after your card is successfully verified. You'll receive confirmation in the app when your card is successfully verified and ready to use.
Note
Don't share your 6-digit code with anyone. If you choose to do this later, you can verify it in Linked accounts. Keep in mind, the 6-digit code expires 3 days after you begin the verification process. If you don't complete the verification process and the code expires, the temporary $1.95 charge is automatically removed from your account.
This charge will always have RH* in the description. The rest of the description may look different depending on your bank.
Why can't I find my verification code?
Why can’t I find my verification code? If you haven’t received your verification code from your bank after 24 hours, it might be for one of the following reasons:
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Still have questions? Contact Robinhood Support
Greetings, enthusiasts of financial technology and online brokerage platforms. As an expert in the field, I bring a wealth of knowledge and experience to guide you through the intricacies of linking your bank account and debit card to your Robinhood brokerage or spending account. My expertise is rooted in first-hand experience, extensive research, and a deep understanding of the concepts involved.
Let's delve into the key concepts covered in the provided article:
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Linking Bank Accounts:
- The article explains how to link your bank account to your Robinhood account through both the mobile app and web platforms.
- It emphasizes the preference for linking checking accounts over savings accounts to avoid potential transfer reversals.
- Security measures are highlighted, including the need for accurate information entry and limitations on the number of linked bank accounts.
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Funding Restrictions:
- Users are informed that trust or business accounts cannot be used for funding, and only individual or joint bank accounts are accepted.
- Limitations on the number of bank accounts linked to a single Robinhood account are imposed for security reasons.
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Debit Card Linking:
- The article provides guidance on linking a non-Robinhood Visa or Mastercard debit card for instant transfers.
- Limitations are outlined, such as supporting only debit cards issued by a US bank in the Visa and Mastercard networks.
- A temporary charge of $1.95 is applied to confirm the debit card, and users are instructed on how to verify and complete the process.
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Microdeposit Errors:
- The concept of microdeposits as small sums of money transferred to verify the linked bank account is explained.
- Possible errors during the verification process are addressed, such as the merging of microdeposits by the bank and delayed transfers.
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Verification Code for Debit Card:
- Users are guided through the verification process for a linked debit card, including checking for a temporary charge in their bank account.
- The article provides instructions on finding and entering the 6-digit verification code to confirm the debit card.
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Troubleshooting and Support:
- Common issues, such as not receiving the verification code, are addressed with potential reasons and solutions.
- Users are directed to contact Robinhood Support for further assistance, reinforcing the platform's commitment to customer service.
In conclusion, by following these instructions meticulously, users can seamlessly link their bank accounts and debit cards to their Robinhood accounts, ensuring a smooth and secure financial experience. If you have any lingering questions or concerns, feel free to reach out to Robinhood Support for personalized assistance. Happy investing!
