< Bank Transfers & Linking
Help Center > Bank Transfers & Linking

How to cancel a transfer

Once a transfer to or from your Robinhood account has been initiated, you may still have the chance to cancel it depending on how far along the transfer is.

Canceling a pending deposit or withdrawal

Canceling a pending deposit or withdrawal in the mobile app (iOS and Android):

  1. Tap the Account tab (person icon) in the bottom right corner (if you’re an Android user, tap the Menu icon in the top right corner)
  2. Tap Statements & History
  3. Tap the pending deposit you want to cancel
  4. Tap Cancel Transfer

To cancel a pending deposit or withdrawal on web:

  1. Click the Account tab in the top right corner
  2. Click History
  3. Click the pending deposit you want to cancel
  4. Click Cancel Transfer

If you don’t see the “Cancel Transfer” option, your deposit or withdrawal has been submitted to your bank for processing and cannot be cancelled.

The following table shows when most transfers are processed (though we sometimes process transfers earlier):

Submitted betweenProcessed by
2 AM – 3 PM ET3 PM ET
3 PM – 7 PM ET7 PM ET
After 7 PM ET2 AM ET the following business day
Saturday, Sunday, bank holidays2 AM ET the following business day

Please note once a transfer has been processed, it can no longer be cancelled. If you’ve made a deposit in error, you may withdraw money from your Robinhood account once the transfer settles.

Canceling your initial queued deposit

When you submit your Robinhood brokerage account application, you may have the ability to queue a deposit before your account has been approved. This deposit will only be processed if your application is approved.

To cancel a queued deposit in the mobile app (iOS and Android):

  1. Tap the Investing tab
  2. Tap View Application
  3. Under Queued Deposits, tap Cancel Transfer
  4. Tap Yes

To cancel a queued deposit on web:

  1. Navigate to Account
  2. Click Application Status
  3. Click Cancel Deposit
  4. Click Yes

Please remember that if you cancel your queued deposit, you will have to wait until your application is approved to fund your account.

Reference No. 20210205-1514835-4559631
Still have questions? Contact Robinhood Support