Money movements
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 in 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.
Note that any account you’ve already connected to Robinhood will automatically be available in the Banking app. To link another bank account:
With Plaid
Manually
Robinhood Banking supports the following transfer types with estimated settlement times.
For more details and specific limits, check out Benefits, limits, and fees.
You can schedule a one-time future transfer or set up recurring transfers to automate your money movement. Scheduled and recurring options are available for ACH transfers and transfers with your Robinhood individual investing, joint investing, and custodial accounts.
To set up a scheduled or recurring transfer:
To manage your transfers, select the 3 lines, select Banking → Recurring Transfers. From there you can view, pause, resume, or cancel your scheduled or recurring transfers.
You can move money between different accounts with daily limits and fees depending on your assets in your Robinhood accounts.
To make a transfer in the Banking app:
You can review transfers in the Banking app and the current status in the Banking tab.
AUC (Assets Under Custody) are equities, crypto, and cash held in your Robinhood accounts. Excluded from AUC are crypto wallets (self-custodied) and margin balances.
| Transfer type | $0 – $100,000 AUC | $100,000+ AUC |
| ACH inbound | $500,000 | $1,000,000 |
| ACH outbound | $50,000 | $100,000 |
| Wire outbound | $25,000 | $50,000 |
| eChecks (mail a check) | $10,000 | $25,000 |
Sometimes transfers don’t go through as expected. Depending on the transfer type (like 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 can fail for a number of reasons, including the following:
Cancellation rules:
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:
To send a wire transfer:
You’ll need to provide the recipient’s name, the full address of the recipient’s bank, the ABA routing number, account number, and any additional information required by their bank (such as a memo or reference ID). Please carefully review all details before confirming as wire transfers can’t be canceled once sent. If your routing number is incorrect, your wire will be rejected.
Wire transfers typically arrive the same business day or the next business day.
If a wire out of your Robinhood Banking account is initiated before 5 PM ET, it should arrive the same day. If it’s initiated after 5 PM ET, it will generally arrive on the next business day.
If a wire into your Robinhood Banking account is initiated before 6:30 PM ET, it should arrive the same day. If it’s initiated after 6:30 PM ET, it will generally arrive on the next business day.
You can track the status of your wire transfer in your transaction history within the Robinhood Banking app.
To receive a wire transfer, you can provide the sender with the following information:
Checks can only be stopped before they’re deposited.
Your money is protected with advanced security measures, including:
Always make sure your bank account information is up-to-date before scheduling deposits or withdrawals.
Robinhood is a financial technology company, not a bank. Banking services are provided by Coastal Community Bank, Member FDIC.