Robinhood PayPal

Having an easy way to deposit and withdraw your money is a big deal for most traders. A lot of people really like using PayPal because it just checks all the right boxes in terms of convenience. But here's the thing - not every broker out there actually supports PayPal. So we took a really close look at Robinhood to see if they allow you to use PayPal.

Bad news, you can't use PayPal to fund your account at Robinhood. Read on to find out what other possibilities you have to move your funds in and out of your Robinhood trading account.

Other methods you can use to fund your Robinhood account

Other methods you can use to fund your [Broker name] account

Adam Nasli

Forex • Algo Trading • Market Analysis

I am a seasoned forex trading expert, with nearly a decade of experience in both manual and algorithmic trading. I have personally tested more than 40 different forex brokers, developing an in-depth understanding of the most common platforms, products and fee structures offered by forex brokers.

Learn about our methodology

Adam Nasli

Forex • Algo Trading • Market Analysis

I've thoroughly tested the services of Robinhood with our analyst team by opening a real-money account with them. We put their deposit/withdrawal methods under the microscope and these were our most important findings:

• Bank transfer are the available methods for funding your account at Robinhood.
• We also checked whether Robinhood supports Revolut and Wise.
• Visit our comprehensive Robinhood review for 2024 for the full scoop on their services and fees or check out the Find My Broker tool for personalized broker recommendations.

Seeing how Robinhood does not support PayPal for funding your trading account, we went ahead and checked what other options you have to get your money in and out. Take a look at this table coming up - it's got all the key details you need to know about depositing and withdrawing your money with Robinhood, including what kinds of fees you'll be paying.

Robinhood deposit and withdrawal data

Yes, Revolut and Wise are available at Robinhood.

Although Paypal, Revolut and Wise all offer the same services, they do it in different manners and at different costs. You may find that Revolut and Wise are cheaper alternatives, especially when it comes to international and/or multi-currency transactions.

If you really want the totally honest lowdown on Robinhood - everything from their trading conditions and fees down to the nitty-gritty details of how good their overall service actually is - you've got to check out BrokerChooser's in-depth Robinhood review for 2024. Our analysis goes all the way, scrutinizing nearly 600 individual data points on Robinhood. We open up legit, real-money accounts with them and actually execute trades on their platforms. That way, we can give you X-ray vision into exactly how they operate.

If you want to see how Robinhood stacks up against its closest competitors, head over to the best online brokers in the world compiled by the BrokerChooser analyst team.