The robbery occurred at the Wells Fargo bank located at Roosevelt Boulevard and Welsh Road in Northeast Philadelphia just after 4:30 p.m. Tuesday.
Police say a man entered the bank and reportedly took $500.
The suspect fled and was reported heading south on Roosevelt Boulevard towards Cottman Avenue.
Moments later, police pulled over a SEPTA bus at Cottman and the Boulevard after someone fitting the description of the robbery suspect was said to be aboard.
A man was taken into custody and police positively identified him as the robbery suspect.
Authorities say they also recovered the stolen money.