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Written by Krysten Zinon on February 5, 2023
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Does Robinhood Work With Zelle In 2023?

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.

  • Unfortunately, at this time, Robinhood does not support Zelle®.
  • This means that you cannot send or receive money to or from your Robinhood account using Zelle®.

However, Robinhood offers other ways to transfer funds to your account.

Limited Time: Robinhood 1% Transfer Bonus

If you transfer an existing brokerage account to Robinhood through December 8th, 2023, you can get an Unlimited 1% Transfer Bonus.

Robinhood 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.

Best Free Stock Promotions

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Robinhood Logo1 Free Fractional Share Worth $5 To $200Claim Bonus
Webull Logo6 Free Fractional Shares When You Deposit $1+Claim Bonus
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How To Transfer Robinhood Funds

To transfer funds to your bank account from your Robinhood brokerage account, you can follow a few simple steps:

  1. First, go to your Cash tab and select "Transfer."
  2. Then, select "Transfer to Your Bank" and choose the external bank account you want to transfer funds to.
  3. Finally, input the amount you want to transfer and confirm the transaction. Transfers typically take 3-5 business days to complete.

Instant transfer may be offered to your debit card for a fee as well.

Final Thoughts

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!

Article written by Krysten Zinon

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Fundrise
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
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Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

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