Question 1

What is the ROBINHOOD* charge on my bank statement?

Accepted Answer

The ROBINHOOD* charge is a legitimate charge from Robinhood, the investing platform. It typically appears as $5.00 and is associated with your Robinhood account, most likely for a Robinhood Gold subscription, which gives you access to premium investing features like bigger instant deposits, professional research, and margin investing.

Question 2

I don't remember signing up for anything with Robinhood — why am I being charged $5.00?

Accepted Answer

If you see a $5.00 ROBINHOOD* charge you don't recognize, it's likely from a Robinhood Gold membership that was either signed up for directly or activated during a free trial that has since expired. Log into your Robinhood account and check your subscription status at robinhood.com/account to confirm whether Gold is active on your account.

Question 3

How do I stop the $5.00 monthly ROBINHOOD* charge from recurring?

Accepted Answer

To stop the recurring $5.00 ROBINHOOD* charge, you need to cancel your Robinhood Gold subscription. You can do this by visiting robinhood.com/account, navigating to the Robinhood Gold section, and selecting the option to cancel your membership. Once cancelled, the monthly $5.00 billing from Robinhood will stop at the end of your current billing period.

Question 4

Is the ROBINHOOD* charge on my statement a scam or fraud?

Accepted Answer

No, the ROBINHOOD* charge is not a scam. It is a legitimate charge from Robinhood, the well-known investing platform. The $5.00 charge typically represents a Robinhood Gold subscription fee. However, if you do not have a Robinhood account or did not authorize this charge, you should visit robinhood.com/account to review your account activity and contact Robinhood support or your bank to dispute the charge if necessary.

ROBINHOOD* Charge (What It Is + Is It Legit?)

Why does this charge appear?

What should you do?

Is this charge fraudulent?

Frequently Asked Questions

Community Reports (0)

Community Comments (0)