With recurring investments, we’ll automatically purchase shares for you on a schedule that you choose. This is a great way to make investing a habit and build your portfolio for the long-term.
Choose an amount and a frequency that works for you. When it’s time for your scheduled recurring investment, we’ll automatically purchase fractional shares for you.
Orders will be processed between 12:00 PM ET and market close on the scheduled date. If your Recurring Investment falls on a day that the market is closed, like a weekend or holiday, we’ll queue it for the next market day.
On partial market holidays, recurring orders will process earlier in the day to accommodate for the early market close. Please note that in 2021, the day after Thanksgiving (November 26) will be the only partial market holiday.
If your order is for an amount higher than your instant deposit limit, a bank transfer for funds will begin on the scheduled date, but the order won’t be placed until the transfer completes, within 4-5 trading days. This transfer won’t count towards your instant deposit limit.
You set up a $10 weekly recurring investment for MEOW, set to occur every Monday. When Monday rolls around, we’ll purchase $10 worth of MEOW.
This means if MEOW is currently trading at $40 per share, you’ll receive 0.25 shares of MEOW. If MEOW is trading at $20 per share the following Monday, you’ll receive an additional 0.5 shares, for a total of 0.75 shares.
From the detail page of the stock you’re interested in:
You’ll be able to choose the amount you’d like to invest, when your first investment will occur, the frequency of your investment (daily, weekly, biweekly, or monthly), and your preferred payment method.
If you want to change the days of the week or month that your recurring investments occur:
To find a list of your recurring investments:
To edit a specific recurring investment, tap the investment in the list.
Then, on the next screen, you’ll see the amount you’re investing, your next upcoming investment, and your recurring investment settings. You can edit the amount you’re investing, cadence of the investment, and payment source by tapping on the appropriate setting.
You can also pause an investment indefinitely by toggling the switch labeled “Recurring On,” or delete an investment entirely by tapping “Delete Investment” on the bottom of the screen.
All investments involve risk and loss of principal is possible. Investors should consider their investment objectives and risks carefully before investing.
Recurring investments do not ensure a profit or guarantee against loss. Not all securities on Robinhood are eligible for recurring investments. Recurring investments may result in a purchase of fractional shares, which are illiquid outside of Robinhood and not transferable. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see our Customer Agreement"Customer Agreement") related to fractional shares.
This is not investment advice, a recommendation, an offer to sell, or a solicitation of an offer to buy any security.
Securities trading offered through Robinhood Financial LLC, a registered broker-dealer and Member SIPC, and a subsidiary of Robinhood Markets, Inc. (“Robinhood”).