Is your balance showing wrong on Robinhood? If your answer is YES then you have come to the right place.
Before I teach you multiple ways to resolve the Robinhood not showing correct balance, let me tell you that you are not alone in who is having this issue right now.
There are tons of users who use Robinhood are currently having the same problem. To know how to fix it, you need to keep on reading.
What is Robinhood?
Robinhood is an American financial services company whose headquarter is located in Menlo Park, California.
Robinhood facilitates commission-free trades of stocks, exchange-traded funds, Cryptocurrencies and individual retirement accounts. The best thing about these things is they can be accessed via the Robinhood app.
With the help of this Cryptocurrency trading app, users can buy and sell stocks, ETFs, and Cryptocurrency without paying any commission or fees.
Like other applications or platforms, Robinhood does not always work the way it should. There are plenty of issues and errors Robinhood users encounter on a daily basis. One of them is ‘Robinhood showing wrong balance’.
How to Fix Robinhood Not Showing Correct Balance (2023)
There are multiple methods and solutions that can be used to resolve Robinhood’s not showing the correct balance.
To know what those methods are and how they work, you need to follow the methods written below:
Method 1: Close Or Launch Robinhood App Again
Whenever you encounter the Robinhood app not showing the correct balance, the first thing you should do is close the app. Make sure it is not working in the background.
Once closed, wait for a while and then launch the Robinhood app again and check if the error remains.
Method 2: Check Pending Transactions
If you have any pending transactions on Robinhood like deposits, withdrawals or trades, you are likely to get errors like showing the wrong balance.
In this case, you need to wait because sometimes Robinhood takes around 48 hours to reflect on the platform.
Method 3: Verify Your Transaction
If you have just deposited or withdrawn a certain amount, make sure they are done correctly. To do so, you need to check the history of your bank account.
Sometimes, we make transactions on Robinhood but it remains incomplete. In this case, we think that the amount or balance showing on Robinhood is wrong even though they are not.
Before you start searching for any technical method on the web, check whether the transition is completed or not.
Method 4: Keep an Eye On Market Volatility
When it comes to using platforms like Robinhood to sell and buy stocks, trade or Cryptocurrency, you must always keep in mind the market volatility.
While checking your balance on Robinhood, make sure to consider the latest market price and values in your mind.
Since the market keeps fluctuating, you are most likely to see minor changes in the Robinhood dashboard.
Method 5: Check Robinhood Server Status
If the servers of Robinhood are down for any reason, there is nothing that can fix the problem. Whenever you encounter any error while using the Robinhood app, you must check its server status.
To do so, you need to visit the Robinhood status page or server tracking sites like Downdector. After visiting these two platforms, if you find Robinhood’s servers down, all you can do is wait until the servers are back online.
Method 6: Contact Support Team
The last method that can be used to resolve the Robinhood showing wrong balance is to contact the Support Team of Robinhood.
Once contacted, inform them about the ongoing issue and request to resolve the issue as quickly as possible.
When you do so, the Support Team will take a look at your requests and fix the issue as quickly as possible.
That’s all you need to know about how to fix the Robinhood showing wrong balance problem.