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Help Center > Bank transfers and linking > Transfers FAQ

Are there fees for transfers?

You can deposit British pounds sterling (GBP) and hold, and convert both GBP and US dollars (USD) in your Robinhood UK account.

Keep in mind that all trades are executed in USD, but you can control how to manage the funds in your account. You can keep your uninvested cash in GBP or USD and only need to pay a foreign exchange (FX) conversion fee when converting GBP to USD or vice versa.

The current FX exchange rate will show in the app when you convert currency and includes the FX conversion fee. For details, review Multi-currency experience.

Check out Robinhood’s fee schedule for more details.

Disclosures

Disclosures

You can only deposit and withdraw funds in GBP. When you deposit GBP into your account, the GBP will not be automatically converted to USD. When you convert your GBP to USD or your USD to GBP, it will be converted at the rate of exchange prevailing at the time. Fluctuations in the USD/GBP exchange rate may affect the amount of GBP you ultimately realise. Converting currency within your account is subject to FX fees.

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All investing involves risk and loss of principal is possible.

Robinhood U.K. Ltd (Robinhood UK) is a company registered in England and Wales (09908051) and is authorised and regulated by the Financial Conduct Authority (FRN: 823590). Robinhood UK onboards UK customers and has the lead customer relationship with UK customers in relation to their use of the Robinhood UK app and website.

Robinhood UK introduces UK customers to Robinhood Securities, LLC for order routing, execution, clearing, settlement, arranging custody services, securities lending, and margin investing to eligible UK customers with margin accounts. Margin is provided by Robinhood Securities, LLC. Robinhood UK can only introduce customers to Robinhood Securities, LLC for margin investing.

Robinhood U.K. Ltd introduces UK customers to Robinhood Derivatives, LLC for futures investing.

Margin investing is a high risk product. Leverage can magnify your losses and you could lose more than your initial capital. You must also repay your margin loan and any interest charges, which may result in the sale of securities.

Options and futures are complex products, involve significant risk and are not suitable for all investors. You could lose more than your initial invested capital. You should only invest in financial products that match your knowledge and experience. Review Characteristics and Risks of Standardized Options prior to engaging in options trading and the Futures Risk Disclosure Statement prior to engaging in futures trading.

Stock lending, margin investing and options and futures investing are optional and subject to Robinhood's eligibility and appropriateness criteria.

Robinhood Securities, LLC is regulated in the US by the SEC and FINRA. Robinhood Derivatives, LLC is regulated by the CFTC and is an NFA member.

Robinhood UK, Robinhood Securities, LLC, and Robinhood Derivatives, LLC are subsidiaries of Robinhood Markets, Inc.

Robinhood does not provide investment advice. Individual investors should make their own decisions. Read the terms before using our services and, if necessary, seek advice.

Commission-free trading refers to $0 commissions on stocks for Robinhood self-directed individual brokerage accounts that trade US listed securities and ADRs. Keep in mind, contract fees apply when trading options and futures and other costs, such as exchange fees and regulatory fees may also apply. Review Robinhood UK’s Fee Schedule to learn more.

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Robinhood U.K. Ltd, 70 Saint Mary Axe (Suite 404), London, England, EC3A 8BE. © 2026 Robinhood. All rights reserved.
Follow us on

All investing involves risk and loss of principal is possible.

Robinhood U.K. Ltd (Robinhood UK) is a company registered in England and Wales (09908051) and is authorised and regulated by the Financial Conduct Authority (FRN: 823590). Robinhood UK onboards UK customers and has the lead customer relationship with UK customers in relation to their use of the Robinhood UK app and website.

Robinhood UK introduces UK customers to Robinhood Securities, LLC for order routing, execution, clearing, settlement, arranging custody services, securities lending, and margin investing to eligible UK customers with margin accounts. Margin is provided by Robinhood Securities, LLC. Robinhood UK can only introduce customers to Robinhood Securities, LLC for margin investing.

Robinhood U.K. Ltd introduces UK customers to Robinhood Derivatives, LLC for futures investing.

Margin investing is a high risk product. Leverage can magnify your losses and you could lose more than your initial capital. You must also repay your margin loan and any interest charges, which may result in the sale of securities.

Options and futures are complex products, involve significant risk and are not suitable for all investors. You could lose more than your initial invested capital. You should only invest in financial products that match your knowledge and experience. Review Characteristics and Risks of Standardized Options prior to engaging in options trading and the Futures Risk Disclosure Statement prior to engaging in futures trading.

Stock lending, margin investing and options and futures investing are optional and subject to Robinhood's eligibility and appropriateness criteria.

Robinhood Securities, LLC is regulated in the US by the SEC and FINRA. Robinhood Derivatives, LLC is regulated by the CFTC and is an NFA member.

Robinhood UK, Robinhood Securities, LLC, and Robinhood Derivatives, LLC are subsidiaries of Robinhood Markets, Inc.

Robinhood does not provide investment advice. Individual investors should make their own decisions. Read the terms before using our services and, if necessary, seek advice.

Commission-free trading refers to $0 commissions on stocks for Robinhood self-directed individual brokerage accounts that trade US listed securities and ADRs. Keep in mind, contract fees apply when trading options and futures and other costs, such as exchange fees and regulatory fees may also apply. Review Robinhood UK’s Fee Schedule to learn more.

UK Privacy policy

Robinhood U.K. Ltd, 70 Saint Mary Axe (Suite 404), London, England, EC3A 8BE. © 2026 Robinhood. All rights reserved.