";s:4:"text";s:2183:" Instant Settlement. If you have a Robinhood Instant or Robinhood Gold account, you have instant access* to funds from bank deposits and proceeds from sales. Flagged as a Day Trader. 1. Although you get instant access to funds, the ACH withdrawal could happen up to five business days after you initiate the transfer. Instant settlement question. The short answer is yes, since you’re now transacting in a pure cash account but you’re limited by capital that’s available to use under the T+2 rule (two day cash settlement) if you’re trading stocks. Instant Deposits Bank transfers up to $1,000 into Robinhood are now instantly available for investing. You can use our stock alerts to trade with Robinhood. The settlement time for any deposit larger than $1,000 will be up to five business days. Robinhood Instant eliminates the friction from settlement periods or bank transfers, marking another major step in our efforts to create the best investing experience. So if your account size is $1000 you would have about $500 daily to daytrade with every day. Cash accounts, however, are still subject to the normal T+3 timeline.
PDT restrictions don't apply to users with Cash accounts, only Instant and Gold users. You can always find shares on our stocks lists page. With Robinhood and Robinhood Gold accounts, however, we give you access to instant deposits and instant settlement, allowing you to trade with your funds right away. We have options trades as well as shares. You won't have access to Instant Deposits or Instant Settlement. This means that if you sell a stock today, you can use the funds right away, instead of waiting the typical two trading days for access to those funds. With a cash account, Robinhood requires customers to use settled funds (buying power) to purchase stock. To keep it simple, let's say I only have $200 of settled funds in my account. Question about deactivating instant settlement So I'm thinking about deactivating my instant settlement option, but I have a question. Help "Robinhood Instant" says it has instant settlements compared to a cash account, so does this mean the "good faith law" is irrelevant?