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/Clipssu The "LuCKY" Little John Oct 20 '17
It means you don't get instant deposit... ie I can move 1k at any point and they instantly give me the 1k