Transfers | Robinhood (2024)

FAQs

Why is Robinhood not giving me instant deposits? ›

Some of the most common reasons why you can't use your Instant Deposit are: Your transfer was flagged by a risk check. Your recent transfers were reversed. Your transfer was over your Instant Deposit limit.

Your money might be unavailable for a few reasons, including: One of your pending transfers was reversed because of an issue with your bank account. The money from that transfer won't be available in your spending or investing account. One of your pending transfers failed due to a one-time system error.

Following a sale in your investing or retirement account for equities or options, the transaction usually needs to settle before you can withdraw the proceeds to your bank account. The settlement period for equities is the trade date plus 2 trading days (T+2), sometimes referred to as regular-way settlement.

For deposits, check that your bank is eligible for transfers (sufficient balance). If your deposit is reversed, we'll send you an email. Any Instant Deposit money you received from this deposit will be removed from your account balance. In some cases, we'll unlink your external account after multiple reversals.

Robinhood Gold or Instant users may have instant settlement for quick withdrawals after selling stocks, ETFs, or options. Withdrawal limit: You can make up to 5 transfers per business day. Daily limit: You can withdraw up to $50,000 per business day. For more, you'll need to do lump sum withdrawals.

You may get up to $1,000 instantly after you initiate a bank deposit into your Robinhood investing or IRA account. Although you may have access to these funds right away, the transfer from your bank into your Robinhood account may take up to 5 business days.

You can link a bank account to your app and fund your spending account by transferring funds from your bank account. These funds appear as Pending in your History until the funds clear in up to 5 business days.

Buying power is the amount of money you can use for purchases. Unsettled funds from recent sales are temporarily unavailable in your buying power. After the funds are settled in Robinhood, they will be added to your buying power.

Is there a fee for withdrawing money from Robinhood? ›

Withdrawals. When withdrawing money from your spending or investing account, it depends on what type of account you're transferring money to: Standard bank transfer: No fee for withdrawals. External debit card account: Withdrawals have up to a 1.75% fee based on the amount being transferred out.

If you fail to meet your minimums, Robinhood Financial may be forced to sell some or all of your securities, with or without your prior approval. Robinhood Financial charges a standard margin interest rate of 12% and a margin interest rate of 8% for customers who subscribe to Gold.

We'll generally decline transactions that make you go negative if you don't have enough available cash, including any available margin credit, to cover it.

After an Instant transfer is initiated from your external debit card account into your spending or investing account, you'll typically see the money available within a few minutes.

With Robinhood Gold, you can get even higher Instant Deposits—up to $50,000, depending on your brokerage account balance and status. You can check the limits of your instant deposits by visiting Account - Instant Deposits in the app.

Transfer timelines

With Instant Deposits, you may get up to $1,000 instantly after you initiate a standard bank deposit into your investing or retirement accounts. Learn more about Instant Deposits. Debit card transfers typically take 30 minutes, but may take longer depending on your bank.

If the bank that you linked to your Robinhood account is eligible for Instant bank transfers, and you linked your bank account using Plaid, you'll see Instant bank transfers as an option for withdrawals and deposits.