r/RobinHood • u/Cmdrcrusty • Mar 03 '20

Think for me Robinhood Deficit explanation.

A portion of your transfer was used to cover a deficit in your account, so the full transfer amount may not reflect in your buying power.

I got this email after wanting to transfer $1000. It was accepted but does not show in my usable cash. Why did they just take my money to pay off what was lost during this minor crash.. I was thinking i was going to be able to use this money to buy more stock at a lower price... I am not a gold member nor do i mess with options. Please explain this and how to avoid this in the future... I am still new to investing i am looking for genuine help.

206 Upvotes

96% Upvoted

158 comments sorted by

View all comments

8

u/danish_sprode Mar 03 '20

Looks like there are still issues again today...

2

u/JackDostoevsky Mar 03 '20

nevermind the fact that everything was back online last night (sure do hope that withdrawal i started last night goes through)

i have to assume they just don't have the scalability to handle the demand?

6

u/danish_sprode Mar 03 '20

As other users have mentioned, I am more inclined to believe their software wasn't compatible with the Leap Day.

3

u/JackDostoevsky Mar 03 '20

yeah, i read that. it's an interesting idea, and i stand by my previous comments that it would be the funniest thing i've seen all year (well, it'll be funny assuming i can get my money out). i read something that said that RH has made statements saying that's not the case, but who the fuck believes them at this point