Wire transfers
You can wire transfer an unlimited amount of money into your Robinhood account typically within 3 business days, with no incoming wire fees from us (bank charges may apply). You may also initiate a wire transfer from your Robinhood account to your bank account, for a fee.
To wire money into your Robinhood account:
Make sure you provide the correct amount and wire instructions when initiating a wire because you can’t cancel it after it’s sent.
You should be listed as an account holder on the receiving account.
To wire money to your bank account:
Once you've initiated a withdrawal, we'll let you know as soon as it's complete. Singapore-dollar withdrawals can be sent by FAST or wire, and US-dollar withdrawals are sent by wire. Wire transfers can take up to 3 business days.
We charge a fee for each outgoing wire transfer from your Robinhood account: S$15 for SGD wires and US$10 for USD wires. This fee is deducted at the time of the transfer. It’s important to remember that the outgoing wire and fee are withdrawals that can impact your eligible account balance for any prior or current promotions.
For a smooth transfer process, it's important to leave the funds in your Robinhood account until the transfer is fully complete.
Wire deposits may take up to three business days to arrive, depending on your sending bank's processing time.
The daily cutoff time is 3:30 PM SGT for SGD wires and 6:00 PM SGT for USD wires. Wires received before the applicable cutoff are generally processed and credited to the customer's account the same business day. Wires received after the cutoff are typically processed the next business day.
Outgoing wires for Robinhood accounts typically process within 1 business day.
However, if a wire requires additional review, please allow time for our team to investigate and provide an update.
We currently don't support wires out to accounts owned by third parties.
Availability for outgoing wire transfers and whether certain limits apply may vary over time. This can occasionally result in changes to your experience. Note that a fee applies for outgoing wires: S$15 (excl. GST) for SGD wires and US$10 (excl. GST) for USD wires.
For incoming wire transfers, we don’t limit how much you can wire and we don’t charge any fees. Keep in mind that banks typically charge for wire transfers.