How to Prevent Bank Transfer Reversals
Transfer reversals are no fun, so we want to help make sure your funds always make it to your account.
An ACH reversal happens when a scheduled transfer gets canceled. Reversals may happen for a few reasons:
To prevent reversals, we recommend taking the following steps before initiating transfers to Robinhood:
You can check how much cash you can withdraw from your Robinhood account by viewing your Account Summary.
If your transfer into Robinhood is reversed, we’ll send you a notification email, put your funds back in your originating bank account, and pass along the reversal fee. In some cases, we’ll unlink your bank account after multiple reversals to prevent additional fees.
Stopped payments may also require additional documentation to avoid account closure.
If you have any questions about a reversal, we suggest speaking with your bank. We don’t initiate reversals.