Move Money

How do I transfer money to Robinhood?

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

Cash Management customers can also direct deposit their paycheck into their brokerage account, or use their ACH account number and routing number to move funds from an external bank account.

How do I transfer money to my bank?

You can transfer money to a pre-linked bank account. To transfer funds to your bank from your brokerage account:

1. Go into your Cash Management tab
2. Tap Transfer 
3. Tap Transfer **to Your Bank**
4. Select the external bank account you want to move funds to
5. Input the amount you want to transfer to your bank

Transfers will take 3-5 business days to complete.

How do I link Robinhood with other accounts?

To link your brokerage account with other accounts, you’ll need your ACH account number and routing number. The ACH account number is your brokerage account number with a prefix. The routing number identifies the financial institution. You can find your ACH account number and routing number in your app by tapping the “Transfer” button under the Cash Management tab.

Since your account number and ACH number are provided by Sutton Bank, transfers to and from your brokerage account may appear as transfers to and from Sutton Bank in your transaction history at other institutions.

How do I set up direct deposit?

You can set up direct deposit in two ways:

• Set up online on your employer’s site. We’ll provide all the information you need to fill this out on the Cash Management tab under “Transfer”. 
• Submit a pre-filled form to your HR or payroll/accounting team.

How long does it take for direct deposit to take effect?

Once you set up direct deposit successfully, your next payroll cycle should be deposited into your brokerage account.

When will my paycheck be deposited?

We work with Sutton Bank to process your direct deposit, so these funds are received by Sutton Bank. Once Sutton Bank confirms receipt of your direct deposit, we’re then able to credit your brokerage account. You can expect this to happen around 10 AM ET on the day your direct deposit lands.

How do I cancel direct deposit?

If you change your mind, you can cancel your direct deposit by either going to your employer’s site or by submitting a form requesting the change to your employer’s HR or payroll team.

What if I receive paper checks from my work?

You’ll have to ask your employer to switch to direct deposit for your paychecks. Simply submit the pre-filled form and direct deposit should be set up in 1-2 pay cycles (approximately 2-4 weeks).

Where can I find in-network ATMs?

Our 75,000+ in-network ATMs (ATMs in the Allpoint or MoneyPass networks) are located across all 50 U.S. states, Puerto Rico, and the U.S. Virgin Islands, as well as 15,000+ international locations. You can easily search for your nearest location in the app or drop into your local 7-11, Target, Walgreens, or Costco.

Once you have access to Cash Management, you can use the “Find ATMs” section in your app to find the nearest withdrawal and/or cash-back locations where you won't pay any fees.

To find an in-network ATM near you:

1. Go to the Cash Management tab of the app.
2. Scroll to the bottom of the page.
3. Tap See Nearby ATMs.

Note: You’ll need to enable location permissions to use the ATM Finder.

Until you have access to Cash Management, you can search for ATMs through the Allpoint and MoneyPass ATM finders:

• Allpoint ATM finder
• MoneyPass ATM finder

How much does an out-of-network ATM cost?

Using an ATM machine outside of the Allpoint or MoneyPass networks may incur a fee set by the ATM operator. Out-of-network fees may vary in amount, and will be added to the total withdrawal amount that you see in your app history.

To avoid being charged, be sure to use the “Find ATMs” section in your app to find the nearest in-network ATM.

Is there a withdrawal limit?

Cash ATM withdrawal limits

You can withdraw up to $510 per day and $2,500 per month at an ATM or via point of sale cash back, whether nationwide or internationally.

Withdrawal initiated from Cash Management

You can initiate a withdrawal from Robinhood using a pre-linked bank account. You can withdraw up to $50,000 per business day.