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Some context: All Robinhood funds transfers (withdrawal and deposits) failed overnight because of a malformed ACH file. Deposits that failed were automatically
by ianhawes 7y ago
Some context: All Robinhood funds transfers (withdrawal and deposits) failed overnight because of a malformed ACH file.
Deposits that failed were automatically charged a $9 fee and had instant deposit capability frozen.
This is particularly devastating to folks who were depositing funds, who were automatically subject to margin calls.