How to cancel a transfer

Help Center > Bank transfers and linking

Before you begin

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.

You can’t cancel an instant bank transfer but you might be able to cancel a standard bank transfer to or from your Robinhood account. Keep in mind that:

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 1.75% fee (minimum fee of $1 and maximum fee of $150 per transaction) for instant withdrawals using a debit card, which is based on the amount being transferred out (daily withdrawal limits may vary).
A standard 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.
An instant bank transfer (deposit or withdrawal) can't be canceled, but it will expire after 30 minutes if it's not accepted at your bank.

Cancel a pending standard bank transfer

App

Select Account (person icon)
Select Menu (3 bars) → History
Select the pending deposit you want to cancel
Select Cancel transfer

Web classic

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

Although bank transfers can be processed in minutes with Instant bank transfers, the following is the current schedule of when standard transfers to a bank account are processed:

Submitted	Processed by
3 PM–7 PM ET	7 PM ET
After 7 PM ET	3 PM ET the following business day
Saturday, Sunday, bank holidays	3 PM ET the following business day

Note

After your bank processes the standard bank 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.

Cancel a queued deposit

App

Select Account (person icon)
Select Menu (3 bars) → Investing
Select View Application
In Queued Deposits, select Cancel transfer
Select Yes

Web classic

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 investing account. Also, if a Robinhood Strategies managed account remains unfunded for 120 days, it will be closed.

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Reference No. 4328442

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