What Time Will Your Paycheck Be Direct Deposited With Robinhood?

If you're an investor using Robinhood's spending account, you might be wondering about the timing of your direct deposit.

Direct deposit is a convenient and fast way to receive your paycheck, and it can help you stay on top of your finances.

In addition, Robinhood offers the convenience of getting your eligible paychecks and other direct deposits up to 2 days early. 

In this article, we will discuss when your direct deposit will take effect and when you can expect to see the funds in your Robinhood account.

New to Robinhood? Check out my full tutorial below!

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.

Best Free Stock Promotions

Brokerage	Promotion	Link
	1 Free Fractional Share Worth Up To $200	Learn More
	Earn Up To 40 Free Fractional Shares	Learn More
	5 Free Stocks When You Deposit $100+	Learn More
	$20 Bonus When You Invest $5+	Learn More

Setting Up Direct Deposit

Firstly, let's talk about how long it takes for direct deposit to take effect.

After you set up direct deposit through Robinhood, your paycheck should be deposited into your bank account on your next pay cycle.

To set up direct deposit, follow these steps:

1. Open the Robinhood app
2. Navigate to the Spending section
3. Locate the Settings
4. Look for the Early Direct Deposit option and turn this on
5. Select Sign Up

At this point, Robinhood will walk you through the steps involved with setting up direct deposit.

After 1 to 2 pay cycles, Robinhood will notify you if your direct deposit is eligible for early direct deposit.

When Will Money Be Deposited

So when will your paycheck be deposited? You can expect this to happen around 10 AM ET on the day your direct deposit normally lands.

For most people, this is usually on a Friday. 

However, if your paycheck is eligible for early direct deposit, you could see it as many as two days early - which would land on a Wednesday for most of us.

Keep in mind, it can take 1 to 2 pay periods for Robinhood to determine if your paycheck is eligible for early direct deposit.

If you want to learn more about Robinhood, check out our full beginner's guide about how Robinhood works here.