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 a 1.5% fee.

To transfer money from your Robinhood account to your external debit card or bank account:

Select Account (person icon)→ Menu (3 bars) or Settings (gear)
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, you’ll see Instant transfers eligible next to the external account (in app only)
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

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	Brokerage	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	N/A	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 brokerage 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 brokerage 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.

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.

Withdrawal errors

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.

Cancel a withdrawal

To cancel a pending withdrawal in your app:

Select Account (person icon) → Menu (3 bars) or Settings (gear) → 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 bank transfer for our current transfer processing schedule.

Disclosures

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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I'm an expert in financial platforms and investment processes, and I can guide you through the intricacies of withdrawing money from Robinhood. My knowledge is based on a deep understanding of the platform's features and functionalities.

Now, let's delve into the concepts mentioned in the article about withdrawing money from Robinhood:

Withdrawal Process:
- To transfer money, navigate to Account (person icon) → Menu (3 bars) or Settings (gear) → Transfers → Transfer money.
- Choose the Robinhood account for withdrawal, select a linked external account, and enter the transfer amount.
- Review the withdrawal details, including any associated fees, and confirm the transfer.
Withdrawal Limits:
- Daily withdrawal limits vary for standard bank transfers and instant withdrawals to a debit card or bank account.
- For standard transfers, limits may reset at 7 PM ET, while for debit card transfers and instant bank withdrawals, limits may reset at 12 AM ET.
- View your daily withdrawal limit and frequency in the Transfers → Transfer limits section.
Withdrawable Cash:
- Withdrawable cash is the amount available for withdrawal from your account.
- Exclusions may apply based on account type and activity (e.g., brokerage, retirement, spending).
- The article provides a detailed list of exclusions and their applicability.
Settlement Period:
- After a sale in your brokerage or retirement account, the settlement period is T+2 for equities and T+1 for options.
- Withdrawable cash becomes available after the respective settlement period.
Pending Deposits:
- Deposits and withdrawal times vary; check the article "Deposit money into your Robinhood account" for details.
- Withdrawal of pending deposits is possible only after the deposit completes.
Referral Stock:
- Cash value from a referral stock must remain in your account for 30 calendar days before withdrawal.
- Selling the referral stock before 30 days will restrict access to the funds.
Margin Investing:
- Maintaining a minimum account value of $2,000 is required for margin investing.
- To withdraw below $2,000, disable Margin investing in Settings → Investing.
Options Collateral:
- Depending on your options strategy, Robinhood may hold stocks or cash as collateral.
- Details can be reviewed in the Options collateral section.
Pending Debit Card Transactions:
- Funds may be held for pending debit card transactions through the Robinhood Cash Card.
- Authorization is placed until the transaction settles or expires.
Round-ups:
- If enrolled in Round-ups, rounded-up cents from recent transactions are held before weekly order placement.
- Unenroll in Round-ups before withdrawing the funds.
Withdrawal Errors:
- Withdrawals may fail due to account restrictions, transfer limits, or withdrawing to a different source.
- The article provides information on resolving these issues.
Canceling a Withdrawal:
- You can cancel a pending withdrawal by navigating to Account → History → Pending → Selecting the withdrawal → Cancel transfer.
- There are specific cutoff times for cancellation on trading days.

Feel free to reach out if you have further questions or need assistance with any specific aspect of withdrawing money from Robinhood.

Withdraw money from Robinhood | Robinhood (2024)