Managing your money is simple with Robinhood Banking. Whether you’re adding funds, withdrawing cash, or moving money between accounts, we give you flexible and secure options to stay in control.

Before you can transfer money into or out of your Robinhood checking or savings accounts, you’ll need to link a bank account. You can add new accounts manually or through Plaid, and also remove accounts if you no longer need them.

Any account you’ve already connected to Robinhood will automatically be available in the Banking app. To connect another account:

With Plaid:

1. Go to Transfers
2. Select Connect an account
3. Select your bank and log in securely
4. Your account will be added instantly

Manually:

1. Go to Transfers
2. Select Add account manually
3. Enter your routing number and account number
4. Robinhood will make 2 small deposits (within 1–3 business days)
5. Confirm the deposit amounts in the app to complete verification

Robinhood Banking supports the following transfer types:

• ACH: Up to 3 business days; checking and savings supported. Only for accounts owned by the customer. Limits apply.
• Wire transfers: Same-day before 4 PM ET or next-day (if submitted after 4 PM ET); checking and savings. Required for sending to third-party accounts. Limits apply.
• Instant transfers: Instantly settled between Robinhood accounts (e.g., brokerage to checking).

For more details and specific limits, check out Benefits, limits, and fees.

You can move money between different accounts with daily limits and fees depending on your assets in your Robinhood accounts.

Sometimes transfers don’t go through as expected. Depending on the transfer type—ACH, instant, wire, or check—the reasons and next steps can be different. Transfer delays can occur if your bank has processing issues or if there’s a recent account change.

ACH transfers

ACH transfers can fail for several reasons. Common ones include:

• Insufficient funds: There’s not enough money in the sending account. Try again once funds are available or use a different account.
• Account closed: The receiving account is no longer open. Retry with an active account.
• Invalid or missing account details: Double-check the account and routing numbers before retrying.
• Unauthorized or stopped transfers: The receiving bank or customer stopped the transfer.
• Not authorized/Name mismatch (R10): The receiving bank does not recognize the sender. Re-link the account and confirm all details before retrying.

Cancellation rules:

• If the transfer is still pending and it’s before 11 AM PT on the same day, you may be able to cancel it with help from the support team.
• After 11 AM PT, or once the transfer is completed, you’ll need to file a dispute.

Instant transfers

Instant transfers move funds between Robinhood accounts right away, so they can’t be stopped once initiated. Failures are rare but may happen due to:

• Insufficient funds: Pending deposits and unsettled funds don’t count as available. We recommend you wait until funds settle or retry with a different account.
• Brokerage payout defense: A security block may prevent a transfer.

Wire transfers

Wires are initiated immediately and can’t be cancelled. If you initiate the wire, it can’t be returned.

Checks

Checks can only be stopped before they’re deposited.

• Pending or mailed but not deposited: Customers can request cancellation by contacting support. If eligible, once cancelled, the funds will be returned.
• Deposited checks: Cannot be cancelled or returned. If the check was unauthorized, it will be treated as possible fraud.
• Checkbook checks: Customers can request a stop payment before the deposit is processed. After the same-day cutoff, the funds can’t be returned.

Your money is protected with advanced security measures:

• Bank-level encryption for transfers
• Two-factor authentication on your account
• FDIC insurance (available through pass-through insurance at Coastal Community Bank) for cash (up to applicable limits, if certain conditions have been met)

Robinhood is a financial technology company, not a bank. Banking services are provided by Coastal Community Bank, Member FDIC.