Get started with Cash Management

Does adding money to Robinhood change if I’m using Cash Management?

Yes. Cash Management gives you more ways to add money to your brokerage account:

• Link a bank account: These funds show as pending in Cash until they clear in up to 5 business days. We’ll notify you when these funds clear and are available for spending.
• Set up direct deposit: You can have your paycheck or government deposits like tax refunds deposited directly into your brokerage account.
• Use your ACH account number and routing number: The ACH account number is your brokerage account number with a prefix. The routing number identifies the financial institution. You can find your ACH account number and routing number in Transfer.

We work with partner banks to process transactions. ACH account and routing numbers may be issued by Sutton Bank or JPMorgan Chase Bank, and the Robinhood debit card is issued by Sutton Bank. This means that transfers to and from your Cash Management account may appear as transfers to and from Sutton Bank or JPMorgan Chase Bank in your transaction history at other institutions.

How do I link my Robinhood debit card to other accounts?

To link your Robinhood debit card with other accounts, you’ll need your debit card number. You can find your card number, expiration date, and CVC by tapping the card in Cash.

Can I use Cash Management before my physical debit card arrives?

Yes. Once you’ve activated your card in the app, you can do all of the following:

• Set up direct deposit: Select Transfer to find your ACH account number and routing number
• Set up Apple Pay, Google Pay, or Samsung Pay: Tap your card in your app under the Cash tab to see your card number, expiration date, and CVC
• Make online purchases: Select Cash → your card to view your card number, expiration date, and CVC
• Pay bills using your debit card or your ACH account number and routing number

How do I activate my debit card?

To activate your debit cardwithin your Robinhood account:

1. Go to Cash → Debit Card → Have you received your card?
2. Select Yes
3. Turn on Spend Alerts (optional)
4. Turn on Location Protection (optional)

What if I didn’t get my debit card?

To find out if your card is still on its way or to request a new card:

1. Go to Cash → Debit Card
2. Select Have you received your card? → No

What if I downgrade from Cash Management?

If you downgrade from Cash Management, what happens with your brokerage cash sweep program depends on if and when you sign up for a spending account.

• You have Cash Management and decide to sign up for the Robinhood spending account: Your brokerage account will remain enrolled in the brokerage cash sweep program.
• If you downgrade from Cash Management and don’t sign up for a spending account, then your brokerage account is no longer enrolled in the brokerage cash sweep program.
• You downgrade from Cash Management, and then open a Robinhood spending account later: Your brokerage account will be unenrolled from the brokerage cash sweep program when you downgrade. When you sign up for a Robinhood spending account after downgrading, you’ll remain unenrolled until you opt back into the brokerage cash sweep program in Settings → Investing.

You can downgrade from Cash Management as long as you don’t have pending card transactions. Any pending card transactions will either settle or expire, depending on the type of transaction. While most pending authorizations will settle within a few days, some pre-authorization transactions (such as a hold in advance of a hotel stay) may result in an extended hold. Transactions that settle will go from Pending to Complete and will show in your transaction history. If a hold on a charge in your account expires before the charge settles, we’ll release the money. When this happens, the charge will disappear from the Recent History section in your app.

Keep in mind, once you downgrade from Cash Management or close your brokerage account, your debit card will no longer work and any new transactions will be declined.