Why can’t I use my Instant Deposit? | Robinhood

Why can’t I use my Instant Deposit?

When you make a bank transfer to Robinhood, it can take up to 5 business days for the money to settle in your account. With Instant Deposit, you get funds to use in your Robinhood account while your money is on its way from the bank.

Some of the most common reasons why you can’t use your Instant Deposit are:

Risk check

Instant Deposit eligibility is assessed each time you initiate a bank transfer based on multiple factors such as your transfer and reversal history.

If your Instant Deposit access is restricted after initiating a transfer, it's due to a risk check, because your account doesn’t have strong enough deposit history yet or has had reversals in the past. Don't worry, once your bank transfer settles in your account (within 5 business days) your Instant Deposit access will be reinstated within 24 hours.

To avoid being risk checked in the future, you can build a good deposit history without any transfer reversals.

Reversals

Instant Deposits are available on good faith that your transfers will go through. If your bank transfer reverses, your account may be temporarily restricted from using Instant Deposits.

If you have made purchases with Instant Deposit money and your transfer is reversed, you may incur an account deficit, and you need to cover the account deficit with a new deposit as soon as possible. Once your account no longer has a deficit, your Instant Deposit access will be reinstated within 24 hours.

In some cases, you’ll be asked to cover purchases made with Instant Deposits (even if you don’t have an account deficit). You’ll need to deposit the requested amount into your investing account and make sure it settles within 28 days, otherwise you may permanently lose access to Instant Deposits.

Over the limit

If you deposit more funds than your instant deposit limit, you’ll only get instant availability up to your limit. This means that you could have to wait up to 5 business days for the additional funds over your limit to clear.

With Robinhood Gold, your Instant Deposit limit is based on your account balance:

  • $50,000 Instant Deposit limit if your portfolio value is over $50,000
  • $25,000 if your portfolio value is over $25,000
  • $10,000 if your portfolio value is over $10,000
  • $5,000 for every other Gold user

Without Robinhood Gold, you get $1,000 in instant deposits, regardless of the value of your account. You can always track your Instant Deposit limit in Account (person) → Menu (3 bars) or Settings (gear)→ InvestingInstant Deposits.

Example

If you deposit $6,000 from your bank into your investing account, $1,000 of the deposit will be available instantly. The remaining $5,000 will be available in up to 5 business days.

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Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). Review a list of RHC licenses for more information.The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information. Credit card products are offered by Robinhood Credit, Inc. ("RCT") (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

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RHF, RHY, RHC, RCT, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC isn’t a member of FINRA and accounts are not FDIC insured or protected by SIPC.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

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All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). Review a list of RHC licenses for more information.The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information. Credit card products are offered by Robinhood Credit, Inc. ("RCT") (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

RHF, RHY, RHC, RCT, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC isn’t a member of FINRA and accounts are not FDIC insured or protected by SIPC.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.