To transfer money into your Robinhood account from an external UK bank account in the app or on the web:

1. Select Account (person icon)→ in the app, Menu (3 bars)
2. Select Transfer → Deposit Money
3. Enter the amount to deposit in British Pound Sterling (GBP)
4. Review and confirm the amount, any applicable fees, and the bank

You can see your transfer history, pending transfers, and their estimated landing date in Account → in the app, Menu (3 bars) → History.

The following are your deposit limits:

• A maximum of 1 pending deposit at a time
• A maximum of 20 deposit attempts each day
• £250,000 deposit for a transaction
• £0.01 minimum transfer amount for each transaction

You’ll typically get access to your deposits within minutes for use in your Robinhood account. However, it may take longer depending on when you made the deposit. Keep in mind, transfers can take up to 2 business days to process and be available to withdraw.

You can submit deposits any time. As soon as you initiate a deposit, the money is transferred immediately from your bank account. The deposit will then show as pending until processed. All deposits made during business days are processed immediately. The transfer window for business days starts at 10 PM GMT (5 PM ET) on Sunday through Friday at 9:45 PM GMT (4:45 PM ET).

Because of foreign exchange (FX) hours, any weekend deposits made outside the transfer window are processed as follows:

• Received by Robinhood as GBP until they are converted to USD on Sunday at 10 PM GMT by using the last available FX rate received before 9:45 PM GMT on Friday.
• Show as pending until processed inside the transfer window.
• Are protected by Robinhood during and after being processed.

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

Currency conversions will occur nearly instantaneously, in real time while the FX markets are open on business days starting at 10 PM GMT (5 PM ET) on Sunday through Friday at 10 PM GMT (5 PM ET).

When making a trade on Fridays between 10 PM and 2 AM GMT (5-9 PM ET), you pay a higher 0.3% conversion fee to convert GBP to USD. After that, you’ll need to wait until the market is open again on Sunday to convert GBP to USD. Note that conversions are protected by Robinhood during and after being processed.

During your Robinhood account application process, you can queue a deposit. This queued deposit will only be submitted to your bank for processing when your application is approved.

This queued deposit will expire and automatically be canceled if not processed within 7 days.