How to ensure a successful transfer?
Depending on the type of account you’re transferring money from, confirm the following to ensure a successful transfer.
With an external debit card account, a transfer reversal can happen for a few reasons, including:
To ensure success, confirm the following before initiating a transfer to your spending and investing account:
Not all banks are eligible for Instant transfers. For details, check out About Instant bank transfers.
With a bank account, a transfer reversal can happen for a number of reasons, including:
To prevent reversals, we recommend confirming the following about your bank account before initiating transfers to Robinhood:
For deposits, check that your bank is eligible for transfers (sufficient balance).
If your deposit is reversed, we’ll send you an email. Any Instant Deposit money you received from this deposit will be removed from your account balance. In some cases, we’ll unlink your external account after multiple reversals.
For some reversals, we might also unlink your bank account. Check out Link your accounts for details on how to relink your bank account.
Stop payments might also require additional documentation to avoid account closure. If you have any questions about a reversal, ask your bank. Robinhood can’t initiate reversals.