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

1. Select Account (person icon)
2. In the app, select Menu (3 bars)
3. Select Transfers
4. Select Deposit
5. Enter the amount
6. Select Continue to choose which account you want to transfer money From and To, and to set the Frequency
7. Review and confirm the transfer, and then select Deposit

To transfer money in Robinhood Legend:

1. Select Account
2. Select Deposit funds
3. Enter the amount
4. Select which account you want to transfer money From and To, and set the Frequency
5. Review and confirm the transfer, and then select Deposit

You can see your transfer history, pending transfers, and the estimated date they will be available in Account (person icon) → Menu (3 bars, only in the app) → History.

Standard bank deposits can take up to 5 business days to be available. With Instant Deposits, you may be able to instantly trade with some of your pending deposit. Check out About Instant Deposits for details.

Debit card transfers typically take 30 minutes, but may take longer depending on your bank.

Instant bank transfer - deposit option lets you deposit money from your bank to your Robinhood account in minutes instead of days with no fees. Check out Instant bank transfers for details.

For some deposits and withdrawals, especially those made using a debit card transfer, you may be required to complete a verification for security purposes. Types of verification can differ by bank, like with SMS, Zip code, or security questions. Learn more about our account security features here.

Sometimes at the time of a debit card transfer, your bank may also require verification. If unsuccessful, as shown in the following message, try the transfer again or reach out to your bank or card issuer for help.

You may also need to update your app to the latest version to complete your debit card transfer, as shown in the following image.

Transfers using your debit card can't be canceled. For information on canceling a standard bank transfer, review how to cancel a transfer.

Instant bank transfer deposits can’t be canceled in the app, but you can let the notification from your bank expire after 30 minutes.

You can have your paycheck or government deposits (like tax refunds) deposited directly into your Robinhood investing or spending account. For more information, check out Direct deposit.

You can set up automatic, recurring deposits from your bank account to your Robinhood investing, joint, retirement, or spending account. When setting up a recurring deposit, you’ll select the amount and frequency that works best for you.

To set up a recurring deposit in the app or web classic:

1. Select Account (person icon)
2. In the app, select Menu (3 bars)
3. Select Transfers
4. Select Recurring deposits
5. Choose a recurring frequency:

• Just once for a deposit today
• Weekly for deposits to initiate every Monday
• Twice a month for deposits to initiate on the 1st and 15th of every month
• Monthly for deposits to initiate on the 1st of every month
• Quarterly for deposits to initiate on the 1st of January, April, July, and October

6. Select Continue
7. Enter the amount, and then select which account you want to transfer money From and which Robinhood account you want the money deposited To
8. Select Review → Schedule deposit

If you have a recurring deposit scheduled and want to skip the next scheduled deposit, you can use the Skip next deposit option with at least 1 business day’s notice. This option only applies to the next scheduled deposit and won’t change the set schedule moving forward after the one-time skip.

To skip the next scheduled recurring deposit in the app or on web classic:

1. Select Account (person icon)
2. In the app, select Menu (3 bars)
3. Select Transfers → Recurring deposits
4. Select the scheduled deposit to skip
5. Select Skip next deposit

To cancel a scheduled recurring deposit in the app or on web classic:

1. Select Account (person icon)
2. In the app, select Menu (3 bars)
3. Select Transfers → Recurring deposits
4. Select the scheduled deposit
5. Select Cancel recurring deposit

Robinhood offers an auto-deposit “extra cash” feature that automatically transfers money from your bank account into your Robinhood account whenever your bank balance exceeds a specified threshold.

Here’s how it works:

1. Go to Transfers
2. Select Create a recurring deposit
3. Select Extra cash → Continue
4. Choose a bank account → Continue
5. Set a maximum balance → Continue
6. Choose a Robinhood account → Continue
7. Review details → Confirm

Eligibility: Available only to individual self-managed investing and joint investing accounts.

Setup: You can’t use the same linked bank account for both the extra cash deposit feature and a fixed recurring deposit. Also, you can’t set up multiple extra cash deposits using the same bank account.

Balance threshold (maximum balance): You define a maximum bank balance of at least $300. If the bank balance exceeds this amount, Robinhood will initiate a transfer of the surplus funds.

Balance checks: Robinhood uses Plaid to run balance checks to determine if there’s extra cash available. Any extra cash will be deposited every 1-2 weeks.

Notifications: If extra cash is detected, you're first notified via push notification and an email. The notification will provide you with the option to pause or cancel before the transfer is initiated. You’ll have up to 12-24 hours to take action to pause or cancel the transfer.