Paycheck investments | Robinhood

Paycheck investments

How can I invest my paycheck?

You can transfer part of every paycheck into stocks through Robinhood Financial, crypto via Robinhood Crypto, or leave it as cash in your brokerage account earning interest with the cash sweep program.

Split my paycheck

To get started, you need to set up direct deposit for your spending account. After you’ve set up direct deposit, you can split your paycheck between either investments or brokerage cash.

Automatic investments

To transfer a portion of your paycheck into automatic investments in the app or on the web:

  1. Go to Spending
  2. Select Get started under Paycheck investments
  3. Select I already set up direct deposit
  4. Select Investments
  5. Choose an investment or use the search tool to find one
  6. Select Continue
  7. Choose amount type in either dollar amount or percent
  8. Enter the amount and choose the frequency
  9. Select ReviewSwipe up to submitDone
Brokerage account

To transfer a portion of your paycheck to your brokerage account in the app or on the web:

  1. Go to Spending
  2. Select Get started under Paycheck investments
  3. Select I already set up direct deposit
  4. Select Brokerage cash
  5. Choose amount type in either dollar amount or percent
  6. Enter the amount and choose the frequency
  7. Select ReviewSchedule transferDone

How can I view my paycheck recurring investments?

You can view your history in SpendingRecent history.

How can I edit, pause, or cancel my paycheck recurring investments?

You can edit, pause, and cancel your paycheck recurring investments at any time under Paycheck investments.

App

To edit, pause, or cancel paycheck recurring transfers:

  1. Select Spending
  2. Select Manage investments under Paycheck investments
  3. Select the investment you want to change
  4. To pause, switch the Recurring toggle to Off
  5. To edit the amount, tap the amount and enter a new amount
  6. To edit the payment method, tap the payment method and select a different paycheck
  7. To cancel, select Cancel investment and confirm
Web

To edit, pause, or cancel paycheck recurring investments:

  1. Select Spending
  2. Select Manage investments under Paycheck investments
  3. Select the investment you want to change
  4. To pause, select Pause investment
  5. To edit the amount, select Edit investment and enter a new amount
  6. To edit the payment method, select Edit investment, and select a different paycheck from the Payment dropdown
  7. To cancel, select End recurring investment and confirm

Disclosures

With paycheck recurring investments, you authorize Robinhood Money to transfer a portion of your paycheck from your spending account with Robinhood Money to your Affiliate accounts. You must place a recurring trade order with Robinhood Financial, LLC to invest in securities or with Robinhood Crypto, LLC to invest in crypto through this program.

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All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Credit card products are offered by Robinhood Credit, Inc. (“RCT“) (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Securities products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. Cryptocurrencies held in RHC accounts are not covered by FDIC or SIPC protections and are not regulated by FINRA. RHY products are not subject to SIPC coverage but funds held in the Robinhood Money spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

© 2024 Robinhood. All rights reserved.
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All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Credit card products are offered by Robinhood Credit, Inc. (“RCT“) (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Securities products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. Cryptocurrencies held in RHC accounts are not covered by FDIC or SIPC protections and are not regulated by FINRA. RHY products are not subject to SIPC coverage but funds held in the Robinhood Money spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

© 2024 Robinhood. All rights reserved.