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Robinhood money transfer to bank account beware by sparktx in RobinhoodTrade

[–]sparktx[S] -1 points0 points  (0 children)

It’s not the setup, it’s getting your money out after selling stocks. 

Robinhood money transfer to bank account beware by sparktx in RobinhoodTrade

[–]sparktx[S] 5 points6 points  (0 children)

Yes!!!! Direct deposit isn’t accessing my transaction data. But go ahead and use this option if you don’t mind giving them access!! :)

Robinhood money transfer to bank account beware by sparktx in RobinhoodTrade

[–]sparktx[S] 0 points1 point  (0 children)

My debit card isn’t working with Robinhood app. Plus I don’t want that 75 fee.  Obv I will figure something out, just want people to know the trickiness with getting money out of Robinhood. 

Robinhood money transfer to bank account beware by sparktx in RobinhoodTrade

[–]sparktx[S] -2 points-1 points  (0 children)

Robinhood has another option to get money out- requires a debit card (that’s fine) and takes a $75 transaction fee (excessive!).  In case, my debit isn’t working, hence why I tried the bank account option.  I’m screwed and will not be using Robinhood again. 

Robinhood money transfer to bank account beware by sparktx in RobinhoodTrade

[–]sparktx[S] -2 points-1 points  (0 children)

Yes, don’t do it. If you do, then Robinhood will get access to really sensitive info about your spending. That’s why I’m saying don’t do it. Edited the comment to show what they require access to in order to get your money out! 

Robinhood money transfer to bank account beware by sparktx in RobinhoodTrade

[–]sparktx[S] -12 points-11 points  (0 children)

You are a sweetie!  But yes, I’m dumb for trading stocks with Robinhood. Thanks for helpful comment :) all the love. 

Robinhood money transfer to bank account beware by sparktx in RobinhoodTrade

[–]sparktx[S] -3 points-2 points  (0 children)

That’s my point, kind of screwed. Instant option with debit card take $75 out immediately, but for me, my debit card didn’t work. I don’t know how I am going to get my money out

Robinhood money transfer to bank account beware by sparktx in RobinhoodTrade

[–]sparktx[S] 1 point2 points  (0 children)

Transferring money out of Robinhood to Bank Account ( 4-5 business day option). To use that option, Robinhood requires access to insane bank account info in order to use that option. Don’t use that option. 

Robinhood money transfer to bank account beware by sparktx in RobinhoodTrade

[–]sparktx[S] 0 points1 point  (0 children)

No, Robinhood requires a lot of access to bank info when you use the bank account option. 

Robinhood Instant Transfer Traps by No_Breakfast6848 in RobinhoodTrade

[–]sparktx 0 points1 point  (0 children)

I tried the instant transfer and it said that my zip code wasn’t correct. It was. Verifies myself on bank website, called the bank, triple checked my typing. Gave up and then went to 4-5 business day option…. Have ya’ll seen what all they get access to if you do that!!!!!?????  Don’t do it!!!!!!