Wire transfers | Robinhood

Wire transfers

You can wire transfer an unlimited amount of money into your Robinhood brokerage account typically within 1 business day with no incoming wire fees from us.

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 steps

To wire money into your brokerage account:

  1. Go to Account (person icon)→ Transfer
  2. Select Send a wire transferFrom your bank
  3. 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.

Timing

Your transfer should arrive within 1 business day if initiated by your bank before 4 PM ET.

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.

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

Supported 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. We don’t charge any fees for incoming wire transfers. Keep in mind that banks typically do charge for wire transfers.

Starting November 1, 2023, our fee will be $25 for supported outgoing wires.

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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). The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. 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. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Securities products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. Cryptocurrencies held in RHC accounts are not covered by FDIC or SIPC protections and are not regulated by FINRA. RHY products are not subject to SIPC coverage but funds held in the Robinhood Money 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.

© 2024 Robinhood. All rights reserved.