How To Transfer Money From A Debit Card To Robinhood 2024

Robinhood is a popular investing app that allows users to buy and sell stocks, options, and cryptocurrencies.

We will be walking you through how to transfer money from a debit card to Robinhood.

Learn More: Robinhood Retirement 3% Match

Robinhood is a popular "all-in-one" investing app.

While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.

Introducing Robinhood Retirement; home of the biggest IRA match on the market.

Here's what you need to know:

• Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
• All Robinhood investors will get a 1% Match on what they Contribute or Transfer
• Robinhood Gold members will get a 3% Match - the biggest on the market

And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.

Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.

Debit Card Transfers

The good news is that you can transfer money from a non-Robinhood Visa or Mastercard debit card to your Robinhood account.

However, there are a few steps you need to take to link and verify your debit card before you can make a transfer.

How To Link Debit Card

1. To link and verify your debit card in the Robinhood app or on the web, you need to go to your account, select Transfers, then Linked accounts, and Add account.
2. From there, select Debit card and enter your card information. Once you've entered your information, tap Link card.
3. Next, Robinhood will temporarily charge $1.95 to your bank account to confirm your debit card. This charge typically appears in a few minutes, but it may take longer depending on your bank.
4. You'll need to check your bank account and find the $1.95 temporary charge with RH* followed by a 6-digit code on your statement.
5. Copy the 6-digit code, return to the Robinhood app, and select Continue.
6. Enter the code and select Confirm, and you'll receive confirmation in the app when your card is successfully verified and ready to use.
7. Once your debit card is linked and verified, you can transfer funds to your Robinhood account.

Instant Transfer Fee

Be sure to keep an eye on any potential fees associated with this process.

The fee is 1.5% of the withdrawal amount, which is deducted from the requested amount when it’s transferred.