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 recurring deposits

You can set up automatic, recurring deposits from your bank account to your Robinhood brokerage 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.

iOS

To set up a recurring deposit:

  1. Tap Account
  2. Tap TransfersSchedule recurring deposits
  3. Choose 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 Continue
  2. Enter the amount and then select which account you want to transfer money From and To
  3. Tap ReviewSchedule deposit
Android

To set up a recurring deposit:

  1. Tap Account
  2. Tap Transfer moneySchedule recurring deposits
  3. Choose 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 Continue
  2. Enter the amount and then select which account you want to transfer money From and To
  3. Tap ReviewSchedule deposit
Web

To set up a recurring deposit:

  1. Select Account
  2. Select TransfersTransfer money
  3. Enter the amount and then select which account you want to transfer money From and To
  4. Choose 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. Review transferSchedule deposit
Note
  • You can only set up one recurring deposit per frequency from each bank account.
  • You can't set up recurring deposits for debit card accounts.
Reference No. 2722616
Still have questions? Contact Robinhood Support

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). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. The spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. A list of our licenses has more information. The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard®. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC is not 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 Money spending account and Robinhood Money Cash Card account may be eligible for FDIC pass-through insurance (see 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.

© 2023 Robinhood. All rights reserved.
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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). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. The spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. A list of our licenses has more information. The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard®. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC is not 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 Money spending account and Robinhood Money Cash Card account may be eligible for FDIC pass-through insurance (see 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.

© 2023 Robinhood. All rights reserved.