How to cancel a transfer

Can a transfer be canceled after it’s initiated to or from your Robinhood account:

An external debit card transfer can’t be canceled after it’s initiated, because the money transfers instantly. If you accidentally make a deposit, you can make a withdrawal to reverse it. Just remember, you’ll be charged a 1.5% fee for instant withdrawals using a debit card, which is based on the amount being transferred out (with a maximum fee of $5,000).
A bank transfer can be canceled while it’s still pending. Refer to the following steps to cancel a pending transfer. You can also make a withdrawal to your bank account for no fee to reverse it.

To cancel a pending bank transfer

iOS

Tap Account
Tap Menu (3 bar icon) → History
Tap the pending deposit you want to cancel
Tap Cancel transfer

Android

Tap Account
Tap Settings (gear icon) → History
Tap the pending deposit you want to cancel
Tap Cancel transfer

Web

Select Account → History
Select the pending deposit you want to cancel
Select Cancel transfer

Note

If you don’t see the Cancel transfer option, that means your deposit or withdrawal has been submitted to your bank account for processing and can’t be canceled.

The following is the current schedule of when most transfers to a bank account are processed (although sometimes they are processed earlier).

Submitted	Processed by
2 AM to 3 PM ET	3 PM ET
After 3 PM and before 7 PM ET	7 PM ET
After 7 PM and before 2 AM ET	2 AM ET
Saturday, Sunday, bank holidays	2 AM ET the following business day

Note

After your bank processes the transfer, you can no longer cancel it. If you accidentally made a deposit, you can withdraw money from your Robinhood account after the transfer settles.

To cancel a queued deposit

iOS

Tap Account
Tap Menu (3 bar icon) → Investing
Tap View Application
In Queued Deposits, select Cancel Transfer
Select Yes

Android

Tap Account
Tap Settings (gear icon)
Select Investing → View Application
In Queued Deposits, select Cancel Transfer
Select Yes

Web

Select Account → Application Status
Select Cancel Deposit
Select Yes

Note

If you’re a new applicant and successfully cancel a queued deposit, you’ll need to wait until your application is approved to fund your brokerage account.

Reference No. 2312009

Still have questions? Contact Robinhood Support