Direct deposit

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Direct deposit

You can set up direct deposits to your Robinhood spending or individual investing account.

Spending account direct deposit setup

You can set up direct deposits to your spending account in the following ways:

Individual investing account direct deposit setup

At this time, the way to set up a direct deposit into your individual investing account is online with your employer or payroll provider.

Online through employer or payroll provider

You can set up direct deposits online through your company’s or payroll provider’s website with your Robinhood account information. You can use these steps for your spending or individual investing account.

App

Go to Account (person icon) → Menu (3 bars) → Transfers → Settings
In Paycheck & Direct Deposit, select Set up direct deposit
Select Continue → Use account & routing numbers
Enter this account info into your employer’s or payroll provider’s website

Web

Select Account → Transfers
Select Set up Direct Deposit
Enter this account info into your employer’s or payroll provider’s website

Online directly through Robinhood

You can set up direct deposits to your spending account online directly through Robinhood by logging into your employer or payroll provider’s website from the Robinhood app.

App

Go to Spending (rectangle icon)
Select Paychecks
Select Set up direct deposit
Scroll down to Other ways to set up and select Set up through Robinhood
Search for and select your employer or payroll provider. Note: If your employer or payroll provider isn’t shown in the search results, select X (top right) → Yes for another setup option.
Log in to your employer’s or payroll provider’s website
If prompted, answer any verification and direct deposit questions
After your account is verified, which can take a few minutes, you’ll get confirmation

Web

Select Spending
Scroll down to Paycheck & Direct Deposit
Select Set up new direct deposit
Select Direct deposit
Search for and select your employer or payroll provider. Note: If your employer or payroll provider isn’t shown in the search results, select X (top right) → Yes for another setup option
Log in to your employer’s or payroll provider’s website
If prompted, answer any verification and direct deposit questions
After your account is verified, which can take a few minutes, you’ll get confirmation

Request with a prefilled form

You can set up direct deposit to your spending account by submitting a prefilled form to your human resources (HR) team. This option is not yet available for setting up direct deposits to individual investing accounts.

App

Go to Spending (rectangle icon)
Select Paychecks
Select Set up direct deposit
Scroll down to Other ways to set up and select Send a form to human resources
Select Continue
Confirm the prefilled employer information:

If listed correctly, select Continue
If not, select Update your employer, enter their name, and then select Continue. Then select OK to update your account with your new employer.

Choose if you want the entire paycheck deposited or just a portion. For a portion, ask your employer if this option is supported. (Note: If you select to deposit a portion of your paycheck and it’s not supported by your employer, you won’t be eligible for this option.) If supported, choose Specific dollar amount or Percentage, and then select Continue
For a specific dollar amount or percentage, enter the exact amount or percentage to deposit, and then select Continue
Review the info for your direct deposit form, and then select Sign the form
Confirm the bank name and routing and account numbers shown are your Robinhood spending account numbers
Sign the form with your finger or stylus, to redo select the X , and then select the checkmark
Review your info, and then select Send me the form and we’ll send you a link to securely download a prefilled form to the email address associated with your account and as a message in the app

Web

Select Spending
Scroll down to Paycheck & Direct Deposit and select Set up direct deposit
When directed to find your employer (not needed here), select the X (top right) to close Who pays you?
You will be asked if you’d like to set up direct deposits another way. Select Yes
From the dropdown menu, select Send a form to human resources → Continue
Confirm or enter your employer’s name, and then select Continue. For a new employer, select OK when prompted to update your profile.
From the drop down, select either Entire paycheck, Specific Dollar Amount, or Percentage

For a Specific dollar amount or Percentage of your check, ask your employer if this option is supported first. (Note: If you select a portion of your paycheck and it’s not supported by your employer, the direct deposit will not work)
If this is supported, select Specific dollar amount or Percentage

Select Continue
For a specific dollar amount or percentage, enter the exact amount or percentage, and then select Continue
Review your info, and then select Sign form
Sign your form with your mouse, to redo it, select Clear, and then select Continue
Review your info, and then select Send me the form and we’ll send a link to securely download a prefilled form to the email address associated with your account and as a message in the app

FAQ

When will my direct deposit be set up?

It can take up to 1-2 pay cycles for your paycheck to be deposited into your Robinhood account.

When will my paycheck be deposited?

We work with a partner bank to process your direct deposit, so the bank gets the money first. After our partner bank confirms receipt of your direct deposit, we’ll credit your spending or investing account. You can expect this to happen around 10 AM ET on the day the bank gets your direct deposit or sooner if Early Pay is enabled. For more information on how Early Pay works, check out Early Direct Deposit.

How do I cancel a direct deposit?

If you change your mind, you can cancel your direct deposit through either your employer’s site or, if you’re canceling direct deposit in a spending account, you may also request a pre-filled form from us to submit to your employer’s HR or payroll team.

Disclosures

Your spending account is offered through Robinhood Money, LLC ("RHY") (NMLS ID: 1990968), a licensed money transmitter. RHY is not a bank.

Early access to direct deposit funds depends on timing of the payer's submission of deposits and is not guaranteed. We generally make these funds available on the day the payment file is received which may be up to two days earlier than the scheduled payment date. Early access to direct deposit funds are not eligible for FDIC pass-through insurance if provided before the scheduled payment date (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

ATM fees and other fees may apply. Review the Robinhood Spending Account Agreement.

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