Deposit money into your Robinhood account | Robinhood

Deposit money into your Robinhood account

Initiate a deposit

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

  1. Select Account (person icon)→ Menu (3 bars)
  2. Select TransfersTransfer Money
  3. Enter the amount, and then select which account you want to transfer money From and To
  4. Review and confirm the transfer, and then select Transfer
Note

Check out Set up recurring deposits for details about how to set this deposit up as recurring. Also, Instant bank transfers may not be available if you have restrictions on your account or aren’t using the latest version of the app.

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

Keep in mind

For standard bank account transfers (originated ACH):

  • Your transfer limits (amount and frequency) may vary and reset at 7 PM ET
  • You’ll see your daily deposit limit (amount and frequency) before you submit your transfer or by going to TransfersTransfer limits

For instant bank transfers and debit card transfers:

  • Your transfer limits (amount and frequency) may vary and reset at 12 AM ET
  • You’ll see your daily deposit limit (amount and frequency) before you submit your transfer or by going to TransfersTransfer limits

Transfer timelines

Standard bank deposits can take up to 5 business days to complete. With Instant Deposits, you may get $1,000 or more instantly available after you initiate a standard bank deposit into your investing or retirement accounts. Learn more about Instant Deposits.

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.

Canceling a transfer

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

Set up direct deposit

You can have your paycheck or government deposits (like tax refunds) deposited directly into your Robinhood spending account. For more information, check out how to set up direct deposits or how to enroll in early direct deposits.

Set up recurring deposits

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

To set up a recurring deposit:

  1. Select Account (person icon) → in the app, Menu (3 bars)
  2. Select Transfers
  3. Select Manage recurring deposits
  4. Choose a recurring frequency:
  • 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
  1. Select Continue
  2. Enter the amount, and then select which external account you want to transfer money From and which Robinhood account you want the money deposited To
  3. Select ReviewSchedule deposit
Note
  • You can only set up 1 recurring deposit per frequency from each bank account
  • You can't set up recurring deposits for debit card accounts
  • Instant bank transfer - deposits aren't available for recurring deposits

Skip next 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:

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

Also, if you want to cancel a set skip, you’ll need to cancel the overall scheduled recurring deposit, and then set up a new recurring deposit.

Cancel recurring deposits

To cancel a scheduled recurring deposit:

  1. Select Account (person icon) → in the app, Menu (3 bars)
  2. Select Transfers
  3. In Manage recurring deposits, select the scheduled deposit
  4. Select Cancel recurring deposit
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All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). Review a list of RHC licenses for more information.The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information. Credit card products are offered by Robinhood Credit, Inc. ("RCT") (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

RHF, RHY, RHC, RCT, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC isn’t a member of FINRA and accounts are not FDIC insured or protected by SIPC.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

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All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). Review a list of RHC licenses for more information.The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information. Credit card products are offered by Robinhood Credit, Inc. ("RCT") (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

RHF, RHY, RHC, RCT, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC isn’t a member of FINRA and accounts are not FDIC insured or protected by SIPC.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.