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 in the mobile app (iOS and Android):
To cancel a pending deposit or withdrawal on web:
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 between||Processed by|
|2 AM – 3 PM ET||3 PM ET|
|3 PM – 7 PM ET||7 PM ET|
|After 7 PM ET||2 AM ET the following business day|
|Saturday, Sunday, bank holidays||2 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.
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):
To cancel a queued deposit on web:
Please remember that if you cancel your queued deposit, you will have to wait until your application is approved to fund your account.