Robinhood’s Fees
Robinhood is well known as a zero-commission broker, and most investors consider the broker to be free. However, there are several fees that investors may encounter while using the broker.
Keep reading to learn about Robinhood’s hidden fees.
Key Takeaways
• Robinhood is a zero-commission broker, but there are still some fees to know about.
• Fees that you may see at Robinhood include
regulatory fees, trading fees, securities-based fees, transfer fees, and margin fees.
• Robinhood’s fees are listed on the
broker’s fee schedule, and the broker is transparent about them.
Robinhood’s Approach to Fees
Robinhood presents itself as a low-cost broker, particularly in terms of trading. It doesn’t charge investors commissions to place many stock, ETF, and options trades, but there are some administrative, pass-through, and regulatory fees that may need to be paid. In general, Robinhood’s approach to fees is more service based, rather than being focused on collecting a premium on trading activity.
Here is a breakdown of the fees that are not obvious from looking at the broker’s webpage.
Hidden Fees at Robinhood
Robinhood's hidden fees are related to trading, its Banking service, and account management actions.
Robinhood Regulatory Fees
When it comes to trading fees, one type that many investors don’t always see comes from regulatory bodies like FINRA and the SEC.
Regulatory fees do not originate from Robinhood, but the broker does pass them along to investors. The fee from the Securities and Exchange Commission (SEC) is
$20.60 per $1,000,000 of principal for sell orders. Notably, however, Robinhood does not pass the fee along for equity sale orders with a notional value of
$500 or less.
Another regulatory fee is called the
TAF (Trading Activity Fee). It is also charged when selling securities. The fee is
$0.000195 per share for equity sales and
$0.00329 per contract for options sales. Robinhood does not pass this fee along for sales of
50 shares or less.
Additional fees that you will see are generated by specific investments and the use of margin.
For example, Robinhood
passes along the fee for ADRs (American Depositary Receipts). It is a custodial fee charged by the banks that make the security available, and it typically ranges from
$0.01 to $0.03 per share.
As far as margin use is concerned, traders who make use of it will pay a small fee. Margin fees may
not fall into the ‘hidden fee’ category, but it is good to know what they are.
Robinhood users pay a margin rate of 5% that drops for higher balances.
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Robinhood Banking Fees
Apart from trade-related fees, there are also some fees tied to Robinhood Banking. One fee comes from using ATMs to withdraw money. Robinhood may charge
$2.50 for ATM withdrawals. One way to avoid or receive a refund of Robinhood’s ATM withdrawal fee is to meet the applicable direct-deposit requirement. However, many out-of-network ATMs have their own fees that Robinhood may not reimburse unless you qualify for Premier banking benefits.
Other than ATM fees, there aren’t many other fees to worry about. Using Robinhood Banking internationally does not come with a Robinhood international transaction fee, although ATM operators and other third parties may still charge their own fees.
Another thing that you don’t have to worry about is overdraft fees. Robinhood Banking does not have an overdraft or credit feature.
Robinhood Account Fees
Account management fees, including transfers and document requests, can also come with some fees.
For example, using an instant withdrawal to an external debit card or eligible bank account can trigger a fee of
1.75% of the transfer amount, with a
$1 minimum and a
$150 maximum.
Other transfer fees are charged for things like returned checks, ACH, wire, and recall/stop payments (
$9), outgoing wires (
$25), and ACATS fees (
$100).
In addition to these, Robinhood also has charges that apply for certain services or requests, such as paper statements, paper trade confirmations, and overnight mail. For example, paper statements cost
$5, and paper trade confirmations cost
$2. There are also charges for domestic and international overnight mail, costing
$20 and
$50, respectively.
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Updated on 6/3/2026.
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