Wire transfers | Robinhood

Wire transfers

You can wire transfer an unlimited amount of money into your Robinhood investing account typically within 1 business day with no incoming wire fees from us. You may also have the option to wire transfer out to your bank account for a fee.

Wire transfers are typically faster than automated clearing house (ACH) transfers.

Note

We don’t currently support outgoing wire transfers through the app. Check out Unsupported wires for details.

How to wire in

To wire money into your investing account:

  1. Go to Account (person icon)→ Menu (3 bars) or Settings
  2. Select Transfer
  3. Select Send a wire transferFrom your bank
  4. Give your bank or institution the provided on-screen wire instructions
Keep in mind

Make sure you provide the correct amount and wire instructions when initiating a wire because you can’t cancel it after it’s sent.

How to wire out

To wire money to your bank account:

  1. Select Account (person icon) → Menu (3 bars) or Settings
  2. Select Transfers
  3. Select Send a wire transferTo your bank
  4. Choose your bank or institution to send the wire to
  5. Enter the account and wire routing numbers → Continue
  6. Review your wire transfer and select Transfer
Note
  • There’s a $25 fee per wire transfer out.
  • If you don’t see this option, it may not be available just yet. We’re currently working on making this available to more customers.

For a smooth transfer process, it's important to leave the funds in your Robinhood account until the transfer is fully complete.

Timing

Your incoming transfer should arrive same day if your bank initiates it before 4 PM ET and the next business day if your bank initiates it after 4 PM ET.

Outgoing wires typically process within 1 business day.

However, if your wire requires additional review, please allow time for our team to investigate and give you an update.

Keep in mind

Weekends, stock market holidays, and banking holidays don’t count as business days. Check out Stock market holidays for more details.

Cancel a wire

Once a wire is sent, it can’t be canceled because it’s sent directly from the bank to Robinhood. However, if the sending bank hasn’t sent the funds yet, you may be able to contact them and ask them to cancel the transfer. The same goes for outgoing wire transfers —— once initiated, they can't be canceled.

Unsupported wires

We currently don't support the following types of wire transfers:

  • Outgoing wire transfers through the app
  • Wire transfers in or out of your Retirement or Spending accounts
  • International wire transfers
  • Wires out to accounts owned by third parties
  • Wires between accounts you own at Robinhood (you can initiate internal transfers between accounts instead)

Manual outgoing wires

We may be able to process an outgoing wire request manually. Contact us to request help with a supported outgoing wire.

Limits and fees

Robinhood doesn’t limit how much you can wire and we don’t charge any fees for incoming wire transfers. Keep in mind that banks typically do charge for wire transfers and there’s a $25 fee for outgoing wires.

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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.