Withdraw money from Robinhood
Before you begin
There’s no fee for bank transfers. However, instant withdrawals to a debit card or bank account can incur up to a 1.75% fee.
To transfer money from your Robinhood account to your external debit card or bank account:
- Select Account (person icon)→ Menu (3 bars)
- Select Transfers → Transfer money
- Choose the Robinhood account you want to withdraw money from
- Select a linked account to withdraw to, and if your account qualifies, an Instant transfers eligible label is shown next to the external account
- Enter the amount you'd like to transfer
- Review the withdrawal and confirm any associated fees
- Select Transfer
Note
For standard bank account transfers (originated ACH):
- Your daily withdrawal limit (amount and frequency) may vary and reset at 7 PM ET
- You’ll see your daily withdrawal limit (amount and frequency) before you submit your transfer or by going to Transfers → Transfer limits
For debit card transfers and instant bank withdrawals:
- Your daily withdrawal limit (amount and frequency) may vary and reset at 12 AM ET
- You’ll see your daily withdrawal limit (amount and frequency) before you submit your transfer or by going to Transfers → Transfer limits
Withdrawable cash is what’s available to withdraw from your account. However, the following exclusions may apply depending on your account type and activity, where:
- Yes means the exclusion applies
- N/A means it isn’t applicable because the activity isn’t available for that account
| Exclusions that apply | Investing | Retirement | Spending |
| Settlement period | Yes | Yes | N/A |
| Pending deposits | Yes | Yes | Yes |
| Cash held for pending orders | Yes | Yes | N/A |
| Referral stock | Yes | N/A | N/A |
| Margin investing | Yes | N/A | N/A |
| Options collateral | Yes | Yes | N/A |
| Pending debit card transactions | N/A | N/A | Yes |
| Round-ups | N/A | N/A | Yes |
Settlement period
Following a sale in your investing or retirement account for equities or options, the transaction usually needs to settle before you can withdraw the proceeds to your bank account.
The settlement period for equities is the trade date plus 2 trading days (T+2), sometimes referred to as regular-way settlement. On the 3rd day, those proceeds will be available as withdrawable cash.
For options trades, the settlement period is the trade date plus 1 trading day (T+1).
Pending deposits
Deposits and withdrawal times may vary, check out Deposit money into your Robinhood account for details and timelines.
For pending deposits, you must wait until the deposit completes before you can withdraw it from your account.
Cash held for pending orders
For pending orders, you won’t see money held for orders in your withdrawable cash. Before you can withdraw cash, you’ll need to cancel the pending orders.
Referral stock
The cash value from a referral stock needs to remain in your investing or retirement account for at least 30 calendar days. If you sell your free stock before the 30 days, you won’t be able to access those funds in your withdrawable cash. After the 30-day window, there are no restrictions on the proceeds. Check your History for the stock’s value. For details, review Robinhood Referrals Program.
Example
If you receive a fractional share of stock worth $10 in your Robinhood account, you can’t withdraw the $10 you receive by selling the stock for 30 days. The cash value of the stock is determined by the price of the stock at the time you received it.
Margin investing
If you’re using margin investing, you’ll need to maintain a Robinhood account value of at least $2,000 to meet the minimum balance requirements to borrow from within that account. To withdraw below $2,000, you’ll need to disable Margin investing in Settings → Investing.
Options collateral
Depending on the options strategy you use, we may hold stocks or cash as collateral to make sure you can cover the position in case of assignment. For details, review Options collateral.
Pending debit card transactions
For spending accounts, you may have funds held for pending debit card transactions through the Robinhood Cash Card. When you use your Cash Card, an authorization is placed to hold funds until the transaction settles or the authorization expires.
Round-ups
If you’re enrolled in Round-ups, you have the cents rounded up from your recent transactions, which are held before the order is placed on a weekly basis. You may need to unenroll in Round-ups before you can withdraw the funds.
In addition to cash balance limitations, a withdrawal to your bank account can fail for a few other reasons. The most common include account restriction, transfer limits, or withdrawing to a different source.
Account restriction
If your Robinhood account has a restriction, you may be unable to withdraw funds. Contact us if you want help resolving the issue and removing the restriction.
Transfer limits
Limits apply for different accounts, which are described after the steps at the beginning of this article. To check your withdrawal limit, go to Transfers → Transfer limits.
Withdrawing to a different source
For 60 days following a deposit, you may be required to verify additional information if you want to withdraw money to a different source (debit card, bank account, instant transfer) than the one you originally deposited them from.
If the original bank account is closed or you’re unable to access it, contact us for help initiating a withdrawal to another bank account for you. You may be required to share:
- A brief description of why you’re unable to withdraw to the bank account you originally deposited funds from.
- A photo of the front and back of your government-issued ID.
- Bank statements showing that you’re the account holder of the 2 linked bank accounts. Photos or PDFs must be clear and easy-to-read.
- The amount and specific bank account for the transferred funds.
To cancel a pending withdrawal in your app:
- Select Account (person icon) → Menu (3 bars) → History
- In Pending, select the pending bank withdrawal you want to cancel
- Select Cancel transfer
Note
On trading days, there are 3 potential cutoff times for when you can cancel a transfer depending on when you initiated it. After the cutoff times pass, you can’t cancel a transfer and must wait for it to complete.
Check out Cancel a pending standard bank transfer for our current transfer processing schedule.
Margin investing involves the risk of greater investment losses. Before using margin, customers must determine whether this type of strategy is right for them given their investment objectives and risk tolerance. For more information, review our Margin Disclosure Statement.
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FAQs
To withdraw money from Robinhood to your bank account, simply follow these steps: Open the app, go to the menu, select “Transfers,” choose “Transfer to Your Bank,” enter the amount you wish to withdraw, review the details, and confirm.
How do I get my money out of Robinhood? ›
To transfer funds to your bank from your individual investing account:
- Go into your Cash tab.
- Tap Transfer.
- Tap Transfer to Your Bank.
- Select the external bank account you want to move funds to.
- Input the amount you want to transfer to your bank.
Why can't I withdraw money from Robinhood? You probably can't withdraw money from Robinhood because your funds are unsettled. You can only withdraw “settled funds”, money that hasn't been transacted with in the last 2 business days. This is known as Robinhood Withdrawable Cash.
What is the penalty for withdrawing money from Robinhood? ›
Withdrawals. When withdrawing money from your spending or investing account, it depends on what type of account you're transferring money to: Standard bank transfer: No fee for withdrawals. External debit card account: Withdrawals have up to a 1.75% fee based on the amount being transferred out.
How do I cash out stocks on Robinhood? ›
- Go to the stock's detail page. ...
- Select Sell.
- In Sell In, select either Dollars or Shares, or change the order type, and then enter the amount to sell.
- Select Review Order and confirm that all the details are correct or select Edit.
- If all looks good, select Sell.
Once all activity in an account settles, buying power and withdrawable cash will be equal. A security you sell will typically settle around 9:00 AM ET two business days after your trade date. The two-day settlement cycle is a regulatory requirement set by the Securities and Exchange Commission.
What ATM can I use for Robinhood? ›
In-network ATM fees: As long as you use 1 of the 90,000+ ATMs in the Allpoint or MoneyPass networks, you won't pay any fees. However, if you use an out-of-network ATM, the ATM provider may charge you a fee, and Robinhood may not reimburse you for that fee.
Why is my money stuck in Robinhood? ›
Your money might be unavailable for a few reasons, including: One of your pending transfers was reversed because of an issue with your bank account. The money from that transfer won't be available in your spending or investing account. One of your pending transfers failed due to a one-time system error.
Is Robinhood trustworthy? ›
Robinhood is considered safe for investors. It's a member for the Securities Investor Protection Corp. (SIPC), is regulated by the SEC, and has additional financial protection per customer up to certain amounts for cash and securities.
How much does Robinhood charge to sell? ›
Trading activity fee
We pass this fee to our customers, except for sales of 50 shares or less. As of January 1, 2024, the TAF is $0.000166 per share (equity sells) and $0.00279 per contract (options sells). This fee is rounded up to the nearest penny, which will be no greater than $8.30 per trade.
Your securities and cash are protected by SIPC
Robinhood Financial LLC and Robinhood Securities, LLC are both members of SIPC, which protects securities for customers of its members up to $500,000 (including $250,000 for claims for cash) for each investing account, including IRAs.
How long can I withdraw money from Robinhood after selling? ›
If you receive a fractional share of stock worth $10 in your Robinhood account, you can't withdraw the $10 you receive by selling the stock for 30 days. The cash value of the stock is determined by the price of the stock at the time you received it.
How long does Robinhood withdrawal take? ›
No worries - Robinhood is a reliable broker that lets you access your funds any time. You can use only bank transfers to withdraw funds. In most cases, you can get your money back within 1 day. Robinhood charges $0 for basic withdrawals, but some methods may cost more.
Why is my brokerage cash not withdrawable? ›
Keep in mind that after you sell stocks, you must wait for the trade to settle before you can withdraw money from your brokerage account. This typically takes two business days. After your trade has settled, you can follow the withdrawal process above to get your cash.
Can you just cash out your stocks? ›
Stocks can be cashed out by selling them through a broker on a stock exchange. Selling stocks can provide cash for major expenses or to reinvest in other assets.
Why can't I sell my stock on Robinhood? ›
You may get a message about “not enough shares'' if you already have an outstanding pending order for the shares you want to sell with a new order. If you get this message, you'll need to cancel any outstanding orders before you can sell the shares.
How to transfer money from trading account to bank account? ›
Log into your trading account which is linked to your Demat account and select the 'Funds' section. Alternatively, some interfaces may use 'Accounts'. 2. Under 'Funds', choose whether you want to add funds for buying new stocks or withdraw the amount raised from the sale of existing securities.
How to withdraw money from a trading account? ›
To initiate a withdrawal from your trading account, ensure an ample free balance, and proceed by placing a withdrawal request through your trading platform or by contacting your broker's customer care. Provide the necessary details, including the withdrawal amount and bank information.
What happens if I withdraw all my money from my bank account? ›
Withdrawal limits are set by the banks themselves and differ across institutions. That said, cash withdrawals are subject to the same reporting limits as all transactions. If you withdraw $10,000 or more, federal law requires the bank to report it to the IRS in an effort to prevent money laundering and tax evasion.
