You’ll receive up to $1,000 in instant deposits. The settlement time for any deposit larger than $1,000 will be up to five business days. Although you get instant access to funds, the ACH withdrawal could happen up to five business days after you initiate the transfer. Please make sure you have the necessary funds in your bank account for at least five business days after you initiate the ACH transfer to prevent a transfer reversal. A transfer reversal happens when a scheduled bank transfer is canceled for insufficient funds or a variety of other reasons. Check out our guide to preventing transfer reversals to learn more.
Transfer Timelines
Deposits can take up to five business days to complete, but could be shorter depending on your transfer history with Robinhood. It is very important to me, have you made sure that is robinhood safe? or not?
KEEP IN MIND
There are three potential cutoffs for when you can cancel a transfer, depending on when you initiated it. After the cutoff passes, you won’t be able to cancel the transfer anymore, and you’ll need to wait for it to complete.
If you initiate a transfer before 3:00 PM EST, you can cancel it up until 3:00 PM EST that same day.
If you initiate a transfer between 3:00 PM - 7:00 PM EST, you can cancel it up until 7:00 PM EST that same day.
If you initiate a transfer after 7:00 PM EST, you can cancel it up until 3:00 PM EST the following trading day.
