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Written by Krysten Zinon on February 9, 2023
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FTC Disclosure

Robinhood Unsettled Funds Explained In 2023

If you are new to investing, the concept of "unsettled funds" in your Robinhood account might be confusing.

It is important to understand this concept as it can impact how you use the funds in your account.

In this article, we will explain what unsettled funds are, why you might have them, and how you can use them in your Robinhood account.

What Are Unsettled Funds In Robinhood?

When you buy or sell a stock or cryptocurrency in your Robinhood account, it takes time for the transaction to settle.

  • This means that it takes time for the stock or cash to reach its new destination.
  • Until then, the funds from the transaction are considered "unsettled."
  • Typically, unsettled funds take between three to five business days to settle.

Unsettled funds in Robinhood occur when you have recently sold stocks or transferred money from your bank account.

It is common to have some unsettled funds, depending on how often you trade or transfer money.

Can You Invest Unsettled Funds?

You can still use unsettled funds in your Robinhood account during the settlement period.

However, there are some restrictions on how you can use them.

For instance, you can use unsettled funds to buy stocks or cryptocurrency, or options.

But you cannot use unsettled funds to cover a margin call, or withdraw money from Robinhood.

Instant Deposit Limits

Your ability to trade and the amount you can use with unsettled funds in Robinhood really depends on what type of Robinhood account you have.

  • If you have a regular (non-gold) Robinhood account, you can instantly trade with unsettled funds up to $1,000.
  • With a Robinhood Gold account, you can trade a higher amount in unsettled funds.

Final Thoughts

In conclusion, understanding unsettled funds in your Robinhood account is important to make informed investment decisions.

This article was generated using automation technology, and thoroughly edited and fact-checked by an editor on our editorial staff.

Article written by Krysten Zinon

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