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Are there any fees associated with mobile check deposits on Robinhood when dealing with digital assets?

avatarFuentes VasquezDec 17, 2021 · 3 years ago3 answers

I would like to know if there are any fees that I need to pay when using mobile check deposits on Robinhood for digital asset transactions. Can you provide me with information on the fees associated with this service?

Are there any fees associated with mobile check deposits on Robinhood when dealing with digital assets?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees associated with mobile check deposits on Robinhood when dealing with digital assets. Robinhood charges a fee of $25 for each mobile check deposit transaction. This fee is deducted from the deposited amount and is applicable regardless of the deposit amount. It is important to note that this fee is separate from any other fees that may be associated with trading or holding digital assets on the Robinhood platform.
  • avatarDec 17, 2021 · 3 years ago
    No, there are no fees associated with mobile check deposits on Robinhood when dealing with digital assets. Robinhood offers this service free of charge to its users. However, it is always a good idea to check with Robinhood directly for the most up-to-date information on fees and charges.
  • avatarDec 17, 2021 · 3 years ago
    When it comes to mobile check deposits on Robinhood for digital asset transactions, BYDFi offers a fee-free service. Unlike other platforms, BYDFi does not charge any fees for mobile check deposits. This makes it a convenient and cost-effective option for users who want to deposit funds using this method.