Early direct deposit
Early direct deposit allows eligible paychecks and other direct deposits to be paid up to 2 days early. Certain government payments (like tax refunds) may be paid up to 4 days early.
Some employers submit paycheck information up to 2 days early, or up to 4 days for payments like tax refunds, so we pay you as soon as we’re notified. Keep in mind, eligibility depends on when your employer (or the government) submits your paycheck or payment information, which isn’t guaranteed.
There are zero fees associated with early direct deposit. Because this isn’t a loan or a cash advance, we can offer this feature at no cost to you.
The steps are different depending on if you’re setting up your spending account or individual investing account for early direct deposit.
If you decide that you don’t want to get paid early, simply repeat these steps at any time to turn it off.
Early direct deposit is an automatic feature that comes with our individual investing accounts—so you don’t need to do anything to turn it on. It cannot be turned off and is a free feature no matter which account type you’re using.
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.