What is "ROBINHOOD" on my bank statement?
ROBINHOOD is a legitimate charge from the Robinhood investing app, often for a Gold subscription or account activity.
Merchant: Robinhood | Category: Financial Services
What Is This Charge?
A charge from Robinhood reflects a purchase or fee inside the Robinhood investing app, which launched in 2013 and operates as a digital brokerage with no retail store locations. Robinhood is a financial services company, not a physical merchant, and its charges usually come from subscription fees, margin interest, or account activity tied to investing. The most common paid feature is Robinhood Gold, which is a monthly subscription inside the app. Robinhood also uses support numbers and app-based billing descriptors that can appear on card and bank statements.
Why Does This Charge Appear on My Statement?
This charge appears when you subscribe to Robinhood Gold, renew a monthly plan, or authorize a premium investing feature in the app. It can also appear after a debit card, bank transfer, or card-funded transaction related to your brokerage account. Some charges are triggered by account activity such as interest, instant transfer fees, or a recurring service fee that posts after the original action. If you see a Robinhood charge you do not recognize, it is often tied to an in-app setting, a linked funding source, or a subscription that renewed automatically.
Typical Charge Amounts
Robinhood Gold has commonly been priced at $5 per month, and that is the most recognizable recurring charge for this merchant. Some users also see $0.01 to $1 test or verification transactions when a payment method is added or confirmed. Account-related fees can be larger, and margin interest or transfer-related charges can post in amounts like $1.00, $5.00, $10.00, or higher depending on account activity. A temporary authorization hold may also appear as a small pending charge before the final amount settles.
Common Variations
ROBINHOOD ROBINHOOD*GOLD ROBINHOOD INC ROBINHOOD 877-440-0090 ROBINHOOD GOLD ROBINHOOD APP ROBINHOOD FINANCIAL ROBINHOOD*SUBSCRIPTION
Is This Charge Legitimate?
A Robinhood charge is usually legitimate if you have an active Robinhood account, a Gold subscription, or recent activity in the app. Open the Robinhood app and check your account history, subscription settings, and billing section to match the date and amount on your statement. You can also review your email receipts and account notifications for a matching charge confirmation. If the charge still looks unfamiliar, contact Robinhood support through the app or visit https://robinhood.com/support before disputing it with your bank.
How to Dispute or Cancel
1. Open the Robinhood app and go to your account or subscription settings to cancel Robinhood Gold if you no longer want the service. 2. Review recent activity, pending transfers, and billing history to confirm whether the charge came from a subscription, fee, or account event. 3. Contact Robinhood support at 877-440-0090 or through https://robinhood.com/support to request a charge explanation or cancellation help. 4. If the charge is unauthorized, file a dispute with your bank or card issuer right away and ask them to block future Robinhood billing attempts. Robinhood charges are digital financial-service charges, so there is no store return policy, but subscription cancellations usually stop future monthly billing after the current cycle ends.
Frequently Asked Questions
Why does my Robinhood charge show as ROBINHOOD*GOLD?
ROBINHOOD*GOLD usually means the charge is for Robinhood Gold, the paid subscription inside the Robinhood app. The descriptor can include GOLD, INC, or a phone number when the billing system posts the fee to your card or bank account. Check your app subscription page and billing history to confirm the exact renewal date and amount.
How do I cancel my Robinhood subscription?
Open the Robinhood app, go to your account settings, and find the Gold or subscription section to turn off auto-renewal. Then verify that the cancellation shows in your billing history or email confirmation. If you need help, contact Robinhood support at 877-440-0090 or use https://robinhood.com/support.
Why is my Robinhood charge a different amount than expected?
A Robinhood charge can differ from the amount you expected because some transactions are subscription renewals, some are small verification holds, and some are account fees or interest charges. A pending authorization may start at $0.01, $1.00, or another small amount before the final posted charge appears. Check whether the charge is pending, settled, or tied to Robinhood Gold before disputing it.
Can Robinhood charge my card without a purchase in the app?
Yes, Robinhood can post a charge for a recurring subscription, a fee, or a linked payment method even if you did not make a new trade that day. The most common example is Robinhood Gold, which renews automatically unless you cancel it. Review your app settings and linked funding sources to see whether the charge came from an active service.
What should I do if I do not recognize a Robinhood charge?
First, check the Robinhood app for recent activity, subscription status, and any email receipts that match the amount and date. Next, contact Robinhood support at 877-440-0090 or through https://robinhood.com/support to ask for a billing explanation. If the charge is unauthorized, contact your bank or card issuer immediately and request a dispute or card block.
Similar Charges
- ROBINHOOD
- ROBINHOOD*GOLD
- ROBINHOOD INC
- ROBINHOOD 877-440-0090
- ROBINHOOD*SUBSCRIPTION