Deposit money into your Robinhood account

Initiate a deposit

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

Tap Account
Tap Transfer money
Choose the external debit card or bank account you'd like to transfer money from
Enter the deposit amount
Choose to transfer the deposit to your brokerage or spending account
Review the deposit
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 Account → History.

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.

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.

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.

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.

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.

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:

Tap Account
Tap Transfers → Schedule recurring deposits
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

Tap Continue
Enter the amount and then select which account you want to transfer money From and To
Tap Review → Schedule deposit

Android

To set up a recurring deposit:

Tap Account
Tap Transfer money → Schedule recurring deposits
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

Tap Continue
Enter the amount and then select which account you want to transfer money From and To
Tap Review → Schedule deposit

Web

To set up a recurring deposit:

Select Account
Select Transfers → Transfer money
Enter the amount and then select which account you want to transfer money From and To
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

Select Set Schedule
Select your bank account and enter the amount
Review transfer → Schedule 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