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While submitting an application, you have the ability to queue one deposit before your account has been approved to ensure a smooth funding experience.
When this happens, we’ll wait until your account is officially approved before initiating the queued deposit from your bank account into your Robinhood account.
Robinhood requests personal information, including financial and tax identification information, in order to comply with U.S. government laws and FINRA rules. We’ll request personal information from both new customers and long-standing customers. Robinhood complies with an SEC customer identification rule of the USA Patriot Act of 2001. This rule requires Robinhood to put procedures in place to verify the identity of any person seeking to open an account and to maintain records of their information. Robinhood must also determine whether a customer appears on any lists of terrorist organizations provided to broker-dealers by any government agency. We take the security of all data we collect very seriously. We don’t intend to use this data for anything other than the fulfillment of our regulatory requirements. Check out our data protection policies for more information.