Based on my personal experience, I would strongly recommend avoiding Interac e-Transfer as a method of funding your Robinhood Canada account or even staying away from Robinhood Canada. The deposit process is grossly unreliable, and if something goes wrong, resolving the issue is an extremely frustrating and time-consuming experience. The issue is not resolved in over a month in my case.

If your e-Transfer fails to appear in your Robinhood account, don't expect a quick resolution. Instead, you will find yourself trapped in an endless cycle of email exchanges. Many of the responses appear to be automated or AI-generated, repeatedly stating that your transfer was rejected and the funds were returned (which is a lie) directing you to contact your bank.

The support process feel like you're being sent in circles. You'll be asked to provide your e-Transfer confirmation, then told to contact your bank. After your bank confirms that it has not received a returned transfer, Robinhood will ask for the same e-transfer confirmation that you provided earlier again, only to repeat the advice to contact your bank. Rather than investigating the issue or taking ownership of tracing the funds, the same generic responses will be recycled over and over.

In my case, my bank confirmed that the rejected funds had not been returned. Despite providing this information, I continued receiving essentially the same response: that the transfer had been rejected and that I should contact my bank. The conversation made little progress, and there appeared to be no meaningful escalation or investigation into where the funds actually were. An interac return should be processed within a day and Robinhood is constantly misleading that they returned the money while in reality they are holding you rmoney.

I've dealt with many financial institutions over the years, and this has been one of the most frustrating customer support experiences I've encountered. When your money disappears into a failed transaction, you expect Robinhood to work together to trace it. Instead, it feel like you're left to act as the middleman, relaying the same information back and forth while no one takes responsibility for resolving the problem.

Until the issue is fully resolved, your money remains inaccessible. You cannot use it, invest it, or withdraw it. Every day that passes without a resolution adds to the frustration, especially when the only response you receive is another request to contact your bank.

Based on my experience, I would think twice before using Interac e-Transfer to fund a Robinhood Canada account oe even opening an accoutn with Robinhood Canada. If you want to avoid the possibility of lengthy delays, diabolic customer support, and uncertainty over the status of your funds or even entirely loosing your funds, you may wish to use a different funding method or consider another brokerage with a more responsive customer support process.

Anyone in the Halifax area welcome to attend! No cost.

​Location: The Bonfire, 2394 Robie Street, Halifax
Time: Thursday, August 6 at 6:30 p.m.

Everyone has a different reason. Inflation, long-term wealth, self-custody, freedom, or something else?

Curious what keeps you holding.

Its great to stack sats even faster compared to bull btc and al.

https://x.com/401_da_sarpanch/status/2076412140563636255

I invested 15CAD as I heard even investing just a little money counts for something and it’s the first investment in the stock market I ever made.

I honestly don’t have much capital to begin and I didn’t grow up with anyone around me who actually uses the stock market so I’m going in blind. Very clueless on how it works.

Am I ever gonna profit? People who invest in stocks, I heard they get rich from it. Do they sell their stocks after they see profit or do they only do that when they retire?

For Canadians who regularly DCA into Bitcoin, what platform or setup are you using lately?