Deposit money into your Robinhood account | Robinhood (2024)

< Bank transfers and linking

Help Center > Bank transfers and linking

To transfer money into your Robinhood account from an external account in the app or on the web:

1. Select Account (person icon)→ Menu (3 bars)
2. Select Transfers → Transfer Money
3. Enter the amount, and then select which account you want to transfer money From and To
4. Review and confirm the transfer, and then select Transfer

You can see your transfer history, pending transfers, and their estimated landing date in Account → Menu (3 bars) → History.

Standard bank deposits can take up to 5 business days to complete. With Instant Deposits, you may get $1,000 or more instantly available after you initiate a standard bank deposit into your investing or retirement accounts. Learn more about Instant Deposits.

Debit card transfers typically take 30 minutes, but may take longer depending on your bank.

Instant bank transfer - deposit option lets you deposit money from your bank to your Robinhood account in minutes instead of days with no fees. Check out Instant bank transfers for details.

Transfers using your debit card can't be canceled. For information on canceling a standard bank transfer, see how to cancel a transfer.

Instant bank transfer - deposits can’t be canceled in the app, but you can let the notification from your bank expire after 30 minutes.

You can set up automatic, recurring deposits from your bank account to your Robinhood investing, retirement, or spending account. When setting up a recurring deposit, you’ll select an amount and frequency that works best for you and your investing or spending goals.

To set up a recurring deposit:

1. Select Account (person icon) → in the app, Menu (3 bars)
2. Select Transfers
3. Select Manage recurring deposits
4. Choose a recurring frequency:

• Weekly for deposits to initiate every Monday
• Twice a month for deposits to initiate on the 1st and 15th of every month
• Monthly for deposits to initiate on the 1st of every month
• Quarterly for deposits to initiate on the 1st of January, April, July, and October

5. Select Continue
6. Enter the amount, and then select which external account you want to transfer money From and which Robinhood account you want the money deposited To
7. Select Review → Schedule deposit

If you have a recurring deposit scheduled and want to skip the next scheduled deposit, you can use the Skip next deposit option with at least 1 business day’s notice. This option only applies to the next scheduled deposit and won’t change the set schedule moving forward after the one-time skip.

To skip the next scheduled recurring deposit:

1. Select Account (person icon) → in the app, Menu (3 bars)
2. Select Transfers
3. In Manage recurring deposits, select the scheduled deposit to skip
4. Select Skip next deposit

To cancel a scheduled recurring deposit:

1. Select Account (person icon) → in the app, Menu (3 bars)
2. Select Transfers
3. In Manage recurring deposits, select the scheduled deposit
4. Select Cancel recurring deposit

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