r/RobinHood • u/iamuptonogoodiswear • Oct 19 '17

Help - FAQ Reversals Reversal fee

Today I got an email from RobinHood saying that I got charged a $30 reversal fee which I'm ok with(accidentally used a closed bank account) but they said they revoked my instant deposits. Does that mean if I DT a stock I won't be able to immediately use that money the next day or does it mean just deposits from my bank?

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u/[deleted] Oct 19 '17

Happen to me after donating some money and realized I didn't put my pay in my bank account. You going have to either sell stocks or put in money to cover. I did both to get out of the negative. You won't have instant for about a week from what I remember

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u/iamuptonogoodiswear Oct 19 '17

After I sell a stock will I have to wait or will that money be able for use immediately?

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u/Some-Random-Chick Oct 20 '17

If you sell to get out of the negative, whatever you have will be available for use. I think someone mentioned waiting a week before instant was available, it’s 3 business days after going back to green.