Zelle® is a popular payment service that allows users to send and receive money from friends and family through their banking app.
While Zelle® is a convenient option for many people, it's important to know whether you can use it to transfer money to and from your Robinhood account.
However, Robinhood offers other ways to transfer funds to your account.
If you transfer an existing brokerage account to Robinhood through December 8th, 2023, you can get an Unlimited 1% Transfer Bonus.
For example, if you transferred a brokerage account worth $50,000 - that would be a bonus of $500.
In addition, Robinhood offers a free stock for new users as well as a 1% IRA match for retirement accounts.
To transfer funds to your bank account from your Robinhood brokerage account, you can follow a few simple steps:
Instant transfer may be offered to your debit card for a fee as well.
In conclusion, while you cannot currently use Zelle® to transfer money to and from your Robinhood account, there are other options available.
By understanding the different funding options available on Robinhood, investors can choose the method that best suits their needs and investment goals.
Don't forget to grab your free stock worth up to $200 from Robinhood today!