Recurring Investments
With Recurring Investments, we’ll automatically purchase shares for you on a schedule that you choose. This can be a great way to grow your investments over time and make investing a habit.
How does it work?
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 at the best available price per share.
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.
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 at the best available price per share.
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.
Most securities on Robinhood are eligible for recurring investments, but not all. Leveraged and inverse exchange-traded funds (ETFs) and exchange-traded notes (ETNs) are currently not eligible for recurring investments. We’ll be sure to let you know if a security you’re trying to create a recurring investment for is not eligible.
Set up a recurring investment
From the detail page of the stock you’re interested in:
- Tap Buy or Trade > Buy
- Tap the green text on the top right (it might say Dollars or Shares) to go to the Order Types screen
- Tap Recurring Investment
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:
- On the Set Investment Schedule screen, tap Today.
- Choose a start date that best fits your preferred investment schedule. For example, if you want your weekly investment to fall on Mondays, change your start date to the upcoming Monday.
Edit your recurring investments
To find a list of your recurring investments:
- Tap Account (person icon)
- Tap the Menu icon on the top right
- Tap Investing
- Scroll down to “Recurring Investments”
- Tap View 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.