Deposit money into your Robinhood account

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Initiate a deposit

To initiate a deposit on iOS, Android, or on the web:

  1. Tap Account
  2. Tap Transfer money
  3. Choose the external debit card or bank account you'd like to transfer money from
  4. Enter the deposit amount
  5. Choose to transfer the deposit to your brokerage or spending account
  6. Review the deposit
  7. Tap Transfer
Note

The Instant transfers feature is only available to a limited number of people at this time. Be on the lookout for more information coming soon.

You can see your transfer history, pending transfers, and their estimated landing dates in AccountHistory.

Keep in mind

For bank accounts:

  • You can make up to 5 deposits per business day into your account.
  • You can transfer up to $50,000 per business day into your account.

For debit card accounts:

  • You can deposit up to $1,000 per business day into your account.
  • You can withdraw up to $5,000 per business day into your account.

We can't accept mailed check deposits. However, you'll have the option to set up direct deposit to a Robinhood spending account.

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Instant Deposits

With instant deposits, you may get up to $1,000 instantly after you initiate a bank deposit into your brokerage account. Learn more about Instant Deposits.

Keep in mind

Instant Deposits are only available through bank transfers to your Robinhood brokerage account. This feature is not available for debit card transfers made to either your brokerage account or your spending account.

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Transfer timelines

Bank deposits can take up to 5 business days to complete. Withdrawal times could be shorter depending on your bank.

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

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Canceling a transfer

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

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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, see how to set up direct deposit.

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Set up automatic deposits

Automatic deposits allow you to set a regular, recurring deposit from your bank account to your Robinhood brokerage account. When setting up an automatic deposit, you’ll select an amount and frequency that works best for you and your investment goals.

iOS

To set up an automatic deposit:

  1. Tap Account
  2. Tap TransfersSchedule Automatic DepositsAdd Automatic Deposit
  3. Select a 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. Tap Set Schedule
  2. Select your bank account and enter the amount
  3. Tap ReviewSubmit
Android

To set up an automatic deposit:

  1. Tap Account
  2. Tap Transfer moneySchedule automatic depositContinue
  3. Select a 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. Tap Set Schedule
  2. Select your bank account and enter the amount
  3. Tap check markSubmit deposit
Web

To set up an automatic deposit:

  1. Select Account
  2. Select TransfersAutomatic Deposits
  3. Choose the bank account you’d like to transfer money from
  4. Select a 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 Set Schedule
  2. Select your bank account and enter the amount
  3. ReviewSubmit
Note
  • You can only set up one automatic deposit per frequency from each bank account.
  • Currently, you can't set up automatic deposits into your Robinhood spending account.
  • You can't set up automatic deposits for debit card accounts.
Reference No. 2524118
Still have questions? Contact Robinhood Support