Robinhood Account Transfer: 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.

Can I transfer money from debit card to Robinhood?

Robinhood Debit card transfers

With an external debit card account, a transfer reversal can happen for a few reasons, including:

• Insufficient funds
• If your account has online purchases turned off (only allow in-person transactions)

To ensure success, confirm the following before initiating a transfer to your spending and investing account:

• Confirm that you have sufficient money available
• Confirm your debit card account allows online purchases

How to transfer robinhood to bank?

Bank transfers

With a bank account, a transfer reversal can happen for a number of reasons, including:

• Insufficient funds
• Wrong type of account (doesn’t support ACH transactions)
• Duplicate transfer
• Declined transfer

To prevent reversals, we recommend confirming the following about your bank account before initiating transfers to Robinhood:

• Has sufficient funds available for at least 5 business days after you initiate a transfer because it might take time for your bank to process the request
• Is compatible with standard outgoing ACH transfers, and that you’ve entered in the correct information when you linked the account
• Avoid savings accounts with limited monthly transactions (including any microdeposits to link an account)

How to transfer a brokerage account to Robinhood?

You can transfer stocks, cash, and other eligible assets from your outside brokerages into Robinhood through ACATS. You can transfer all or part of an outside account. We only accept assets from individual cash, margin brokerage accounts, or traditional or Roth IRAs.

How to transfer money out of Robinhood?

Transfers

1. Go into your Cash tab.
2. Tap Transfer.
3. Tap Transfer to Your Bank.
4. Select the external bank account you want to move funds to.
5. Input the amount you want to transfer to your bank.

How to withdraw money out of Robinhood?

To withdraw money from Robinhood to your bank account, simply follow these steps: Open the app, go to the menu, select “Transfers,” choose “Transfer to Your Bank,” enter the amount you wish to withdraw, review the details, and confirm.