What are the fees associated with Robinhood instant deposit for digital assets?

3 answers

• Finn TychsenFeb 18, 2022 · 4 years ago
  Sure! When it comes to instant deposits for digital assets on Robinhood, there are a few fees to keep in mind. First, there is a standard fee of 2.9% for all instant deposits. This fee is charged by our payment processor and helps cover the costs associated with processing the transaction quickly. Additionally, there may be additional fees charged by your bank or credit card provider for using their services. It's always a good idea to check with your bank or credit card provider to understand any potential fees they may charge for instant deposits. Overall, while there are fees associated with instant deposits on Robinhood, they allow you to quickly access and trade digital assets without waiting for funds to settle, which can be a valuable feature for many users.
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• Alberto MartinezMar 18, 2023 · 3 years ago
  The fees for instant deposits on Robinhood can vary depending on the amount you're depositing. For deposits of $1,000 or less, the fee is a flat 2.9%. For deposits over $1,000, the fee is 1.4% of the deposit amount. These fees are charged by our payment processor and help cover the costs of processing instant deposits. It's important to note that these fees are subject to change, so it's always a good idea to check the Robinhood website or app for the most up-to-date fee information.
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• omar ayoubJul 03, 2024 · 2 years ago
  As an expert in the field, I can tell you that instant deposits for digital assets on Robinhood come with a fee of 2.9%. This fee is charged by the payment processor and is used to cover the costs associated with processing the transaction quickly. While there is a fee involved, instant deposits can be a convenient option for users who want to quickly access and trade digital assets without waiting for funds to settle. It's important to note that there may also be additional fees charged by your bank or credit card provider for using their services. It's always a good idea to check with your bank or credit card provider to understand any potential fees they may charge for instant deposits.
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