You can wire transfer an unlimited amount of money into your Robinhood investing, or Robinhood Strategies managed account typically within 1 business day, with no incoming wire fees from us. You may also initiate a wire transfer from your Robinhood investing or Robinhood Strategies account to your bank account, for a fee.

Wire transfers are typically faster than automated clearing house (ACH) transfers.

To wire money into one of your Robinhood investing or Robinhood Strategies managed accounts:

1. Go to Account (person icon)→ in the app, Menu (3 bars)
2. Select Transfers
3. Select Send a wire transfer → From your bank
4. When prompted, give your bank or institution the provided on-screen wire instructions

To wire money to your bank account:

1. Select Account (person icon) → in the app, Menu (3 bars)
2. Select Transfers
3. Select Send a wire transfer → To your bank
4. Choose an account to transfer money to:

• Select a bank or institution that you’ve previously sent a wire to
• Or enter information for a new bank or institution

5. Select Continue
6. Review your wire transfer and select Transfer

For a smooth transfer process, it's important to leave the funds in your Robinhood account until the transfer is fully complete.

Your incoming transfer should arrive the same day if your bank initiates it before 4 PM ET, and the next business day if your bank initiates it after 4 PM ET.

Outgoing wires for Robinhood investing accounts typically process within 1 business day. For Robinhood Strategies managed accounts, it may take up to 5 business days to complete to allow for any needed asset sales within 1-3 business days.

However, if your wire requires additional review, please allow time for our team to investigate and give you an update.

Once a wire is sent, it can’t be canceled because it’s sent directly from the bank to Robinhood. However, if the sending bank hasn’t sent the funds yet, you may be able to contact them and ask them to cancel the transfer. The same goes for outgoing wire transfers——once initiated, they can't be canceled.

We currently don't support the following types of wire transfers:

• Wire transfers in or out of your Retirement, Spending, or managed accounts
• International wire transfers
• Wires out to accounts owned by third parties
• Wires between accounts you own at Robinhood (you can initiate internal transfers between accounts instead)

You may be able to initiate a wire transfer for a home closure or escrow payment directly in the Robinhood app.

Initiate a wire for home closing

If the in-app feature is available to initiate a home closing wire from your Robinhood account:

1. Select Account (person icon) → Menu (3 bars) or Settings
2. Select Transfers
3. Select Send a wire transfer
4. Select To Title or Escrow Company to view wire instructions
5. Review and Acknowledge disclosure
6. Select Continue
7. Select Upload a document → Continue
8. Enter your bank’s details → Continue
9. Select Acknowledge if all the details are correct
10. Enter the wire amount → Review
11. Select Save → Transfer

Once submitted, you'll see a screen confirming your wire amount. Select Dismiss to review the summary, then select Done.

Title document requirements

To help ensure your funds are securely sent to the intended recipient, you’ll need to upload:

• Wire instructions from the title company on official company letterhead
• Proof of purchase for the property. Your proof of purchase document must include:
  • Your full name (as the property buyer)
  • The property address
  • The title or escrow number
• Currently, only 1 document can be uploaded in-app and it must be in PDF format

Memo field limitations

When entering a memo:

• Keep it under 125 characters
• Avoid using special characters such as: @ # $ % ^ & * _ = { } [ ] | \ < > " ' : ; ! ~
• Avoid emojis or non-Latin characters (e.g., Chinese, Cyrillic, Arabic)

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 $25 fee charge applies for outgoing wires.

For incoming wire transfers, we don’t limit how much you can wire or charge any fees. Keep in mind that banks typically do charge for wire transfers.