​Set up Automatic Deposits in Robinhood

If you would like to deposit money in to your Robinhood account at specific intervals, you could set up automatic deposits. Please follow the steps mentioned below to set up automatic deposits in Robinhood.

• Open the Robinhood app on your iPhone.
• Tap the Account icon in the bottom right corner
• Tap Transfers.
• Tap Schedule Automatic Deposits.
• Tap Set up Automatic Deposit.
• Select your deposit schedule.

​You could schedule it just once, weekly, twice a month, monthly or quarterly. If you schedule it just once, the deposit will be initiated immediately. If you select weekly, the deposit will be initiated every Monday. If it’s twice a month, then the deposit will be initiated on the 1st and 15th of every month. If you choose a monthly schedule, the deposit will be initiated on the 1st of every month and if it’s quarterly, the deposit will be initiated on the 1st of January, April, July and October.

• ​​Tap Set Schedule.​
• Enter the amount you would like to deposit. If you have added multiple banks added to your Robinhood profile, tap Change Bank and select your desired bank account.
• Once you enter the amount, tap Review.
• ​Tap Submit.