You can move money between your bank and your account using Interac e‑Transfers and wire transfers. We don’t support EFT/ACH‑style bank transfers in Canada.

Available funding methods

• Interac e‑Transfers (CAD only): everyday deposits and withdrawals
• CAD wire transfers: larger deposits and withdrawals, with a fee on CAD wire withdrawals

Interac e‑Transfers are the primary way to move Canadian dollars in and out of your Robinhood account. Deposits are usually credited immediately and carry no Robinhood fees. Withdrawals are also fee‑free.

How to deposit with Interac

1. Go to Account in the app
2. Select Transfers → Deposit
3. Choose Interac e‑Transfer as your deposit method
4. Enter the amount you want to deposit and select Continue
5. Follow the prompts in your banking app or online banking to approve the Interac request
6. Once your bank confirms the transfer, your funds are credited immediately in Robinhood

If you start but don’t finish the Interac flow, your account may show a pending hold for up to 1 hour, then it automatically expires.

How to withdraw with Interac

1. Go to Account in the app
2. Select Transfers → Withdraw
3. Enter the amount you want to withdraw and select Continue
4. The withdrawal is sent to the email address on file for your account via Interac
5. If you don’t have auto‑deposit set up, enter the security code / account ID shown on the withdrawal screen when your bank prompts you
6. Review your receipt in the app once the withdrawal has been initiated

Timing

• Deposits: generally instant, typically settling within 0–5 minutes after you approve the transfer with your bank
• Withdrawals: generally instant, but can take up to 30 minutes to complete after you submit the request

Robinhood’s in-app limits for Interac:

Deposits:

• Minimum: $10 CAD
• Maximum: $15,000 CAD per request
• Maximum requests: 3 deposits per 24 hours

Withdrawals:

• Minimum: $20 CAD
• Maximum: $10,000 CAD per request
• Maximum requests: 1 withdrawal per 24 hours

Robinhood fees: None for Interac deposits or withdrawals

Your bank also applies its own rolling Interac limits, such as:

• Up to $3,000 CAD per 24 hours
• Up to $10,000 CAD per 7 days
• Up to $30,000 CAD per 30 days

If a transfer is blocked because you’ve hit your bank’s limits, you’ll need to contact your bank directly for a one‑time higher limit; Robinhood can’t override bank‑side limits.

Wire transfers are available for larger CAD deposits and withdrawals (minimum $10,000 CAD). To deposit or withdraw by wire, you must contact support. A support agent will provide you with wire instructions and walk you through the process.

CAD wire transfers

Deposits:

• Contact support and tell them you'd like to make a CAD wire deposit.
• A support agent will send you our beneficiary and institution details (name, account and transit numbers, bank name, address, and SWIFT code).
• Send the wire from your external bank using those details.
• Send your wire receipt (confirmation from your bank) to Support so our operations team can match and credit your deposit.
• Our team manually reviews and accepts each wire. Processing usually takes 1–2 business days after we receive your wire and receipt.

Withdrawals:

• You enter the amount you want to withdraw and confirm the destination bank details
• Every wire withdrawal is reviewed and approved manually by our team before it’s sent

Timing

• Wires settle only during Canadian banking hours (8:30 AM–4 PM ET)
• Most wires complete within 1–2 business days after we receive and approve them
• Wires aren’t processed on weekends or Canadian banking holidays

Limits

• Minimum wire amount (CAD deposits and withdrawals): $10,000
• No Robinhood-imposed daily maximum, but very large wires may require additional review and can be constrained by venue and banking partner limits

Fees

• CAD wire deposits: No Robinhood fee, though your bank may charge its own wire fee
• CAD wire withdrawals: 1.5% fee, which includes bank processing costs and Robinhood’s charge

To protect customers and comply with regulations:

• First‑party only: The name on your external bank account must match the name on your Robinhood account; we reject and return third‑party wires
• Domestic only: International wires are not supported; both the sending and receiving accounts must be at Canadian or designated domestic institutions
• No EFTs: We don’t support EFT/ACH‑style transfers (the Canadian equivalent of ACH/SEPA) for Robinhood Canada

To keep your money safe:

• Every cash withdrawal (Interac or wire) runs through a background risk check
• If a withdrawal is flagged, you may be asked to complete step‑up verification, such as:
  • A device approval step
  • A live selfie check before we release the funds

If something doesn’t look right:

• Pending or abandoned Interac transfer: If you started a transfer but didn’t finish it in your banking app, you may see a pending hold for up to 1 hour that then disappears. You can start a new transfer after that window.
• Bank‑side Interac limits: If your bank blocks an Interac transfer due to its limits, call your bank to request a one‑time higher Interac limit. Robinhood can’t change bank‑side limits.
• Missing or delayed wires: Wires can take 1–2 business days. If it’s been longer, contact support and be ready to share your wire receipt so we can help trace the transfer.

If you still need help with a transfer, reach out through the Support section of the app so we can review your specific transaction details.