Robinhood ATM fees apply when you withdraw cash from ATMs not part of the MoneyPass network, typically charging $2.50 per transaction. These fees are assessed by the ATM operator, not Robinhood, and may be to any fees charged by Robinhood's banking partner.
Robinhood offers a cash management account through its partnership with Evolve Bank & Trust. This account includes a debit card that lets you access funds at ATMs. While Robinhood waives its own fees for withdrawals at MoneyPass locations-over 30,000 nationwide-you incur fees when using non-MoneyPass machines. These fees are imposed by the ATM owner and can vary by location.
For example, using a Chase ATM with your Robinhood card results in a $2.50 fee charged by Chase. You may also face a foreign ATM fee if the machine is located abroad. These charges appear on your statement within 1-3 business days after the transaction.
When you use your Robinhood debit card at an ATM, the transaction goes through a payment network like Visa or Mastercard. If the ATM is not part of the MoneyPass network, the operator charges a fee. Robinhood does not set these fees-it only provides access to the network.
Robinhood's banking partner, Evolve Bank & Trust, does not charge a fee for ATM withdrawals at MoneyPass locations. However, if you use a non-partner ATM, the fee is applied by the ATM provider. For instance, a Wells Fargo ATM may charge $2.50, while a local credit union ATM might charge $1.50.
These fees are not refundable. They appear on your monthly statement under "ATM Withdrawal Fees" and are deducted from your available balance. If your account lacks sufficient funds, overdraft protection may cover the fee, but it triggers additional charges.
There are three main categories of fees associated with Robinhood ATM usage:
| Fee Type | Applies To | Amount | Who Charges It |
|---|---|---|---|
| ATM Network Fee | Non-MoneyPass ATMs | $2.50 (varies) | ATM operator |
| Robinhood Service Fee | International ATMs | 1% of withdrawal amount | Robinhood |
| Overdraft Fee | Insufficient funds | $35 (per transaction) | Evolve Bank & Trust |
For example, withdrawing $100 from a non-MoneyPass ATM in New York City incurs a $2.50 fee from the ATM owner. If you're traveling abroad and use a foreign ATM, Robinhood adds a 1% fee on top of any foreign exchange rate markup-meaning a $100 withdrawal could cost $3.50 total in fees.
The most common mistake users make is assuming Robinhood sets all ATM fees. In reality, Robinhood only controls its own service fee, which applies only to international transactions. All other fees are determined by the ATM provider or network.
Use only MoneyPass ATMs to avoid fees. Robinhood's website and app include a map of over 30,000 participating locations. You can search by city or zip code to find the nearest free ATM.
For example, if you live in Chicago, you can use any ATM at a Walgreens, CVS, or Walmart that displays the MoneyPass logo. These locations allow free withdrawals up to $500 per day, with no daily limit on transactions.
If you don't have access to a MoneyPass ATM, consider transferring money to a linked bank account via ACH. Transfers take 1-3 business days but cost nothing. Alternatively, use a mobile wallet like Apple Pay or Google Pay at stores that accept contactless payments, avoiding ATMs entirely.
As someone who tested this during a weekend trip to Miami, I found that using a non-MoneyPass ATM at a gas station resulted in a $2.50 fee. I didn't realize it until checking my statement the next day. Since then, I've enabled location-based alerts in the Robinhood app to warn me when I'm near a non-free ATM.
Many users assume Robinhood charges ATM fees directly. This is incorrect. Robinhood does not charge a fee for domestic ATM withdrawals at non-MoneyPass ATMs-instead, the ATM operator does. Robinhood only collects a 1% fee on international withdrawals.
Another misconception is that the Robinhood debit card has a daily withdrawal limit. There is no daily cap on ATM withdrawals, but the maximum single withdrawal is $500. This limit exists to prevent fraud, not to restrict access.
Some believe that using a Robinhood ATM at a bank branch avoids fees. This is false. Even if the ATM is owned by a bank like Bank of America, the fee still applies unless the machine is part of the MoneyPass network.
A lesser-known fact: Robinhood does not report ATM fees to credit bureaus. Unlike overdrafts or late payments, these fees do not impact your FICO score. However, they do affect your account balance and may trigger overdraft protection if funds are low.
If you want to avoid ATM fees altogether, use direct deposit or bank transfer. You can link your Robinhood cash account to a bank account and transfer funds via ACH. Transfers take 1-3 business days but are free and secure.
For immediate access, use the Robinhood app to send money via Zelle to friends or family. Zelle transfers are instant and cost nothing when both parties are in the U.S. and have U.S.-based bank accounts.
If you need physical cash quickly, consider using a peer-to-peer app like Cash App or Venmo to send money to someone nearby who can withdraw it for you. This avoids ATM fees and gives you faster access than waiting for a bank transfer.
For those who travel frequently, the best option is to carry a small amount of cash or use a travel-friendly card like the Charles Schwab Bank High Yield Checking Account, which offers no foreign transaction fees and free ATM access at over 100,000 locations.
Robinhood ATM fees apply only when using non-MoneyPass ATMs, typically $2.50 per transaction. These fees are charged by the ATM operator, not Robinhood. You can avoid them by using MoneyPass locations or switching to bank transfers and digital payments. Always check your statement for unexpected charges.