How to move money out of Robinhood
To withdraw money from Robinhood, you link a bank account, request the transfer through the app or website, and wait for the funds to arrive — usually one to three business days. Robinhood does not charge a fee for withdrawals. You can only withdraw cash that is fully settled, which means money from stock sales or deposits that have cleared, not money you are still waiting to receive.
The process is straightforward once your bank account is connected, but timing matters. If you sold stock yesterday, that money is not yet settled and cannot leave your account today. Understanding settlement rules and the difference between available cash and total cash prevents frustration and failed withdrawal attempts.
Key Takeaways
- You can only withdraw cash that has fully settled in your account, which typically takes one to three business days after a stock sale or deposit.
- Link your bank account through the app or website under account settings before you can request any withdrawal.
- Robinhood does not charge withdrawal fees, but your bank may charge a fee for receiving the transfer.
- Withdrawals usually arrive within one to three business days, though delays can happen during market closures or bank processing issues.
- If a withdrawal fails, check that your bank account information is correct and that you have enough settled cash available.
Linking your bank account to Robinhood
Before you can withdraw, you must add a bank account to your Robinhood profile. Open the app or website, go to your account settings, and select the option to link a bank account. You will need your routing number and account number, which you can find on a check or by logging into your bank's website.
Robinhood will verify the account by depositing two small amounts (usually under one dollar each) into your bank account within one to two business days. You then confirm those amounts in the Robinhood app to prove you control the account. This verification step is required by law and protects both you and Robinhood from fraud.
Once verified, that bank account stays linked to your Robinhood profile. You can add multiple bank accounts and choose which one to use for each withdrawal.
Understanding settled versus available cash
Robinhood shows you two numbers: available cash and total cash. Available cash is money you can withdraw right now. Total cash includes money that is still settling and money that is tied up in pending transactions.
When you sell a stock, the proceeds do not become available cash immediately. Stock sales settle in two business days (T+2 in market terms). If you sell on Monday, the money settles on Wednesday and becomes available to withdraw. Deposits you make also take time to clear — typically one to three business days depending on your bank.
If you try to withdraw more than your available cash, the request will fail. Check the available cash number before you request a withdrawal to avoid this problem.
Requesting a withdrawal through the app
Open Robinhood and tap your account icon, usually in the bottom right corner. Select "Transfers" or "Withdraw" (the exact wording varies by app version). Choose the bank account you want the money to go to, enter the amount, and confirm.
The app will show you a confirmation screen with the amount, the receiving bank account, and an estimated arrival date. Review this carefully — once you confirm, the withdrawal is submitted and cannot be cancelled, though it can fail if your bank rejects it for any reason.
After you submit, Robinhood sends the request to your bank. You should see the transfer appear in your bank account within one to three business days. Some banks show pending transfers immediately; others do not display anything until the money actually arrives.
Requesting a withdrawal through the website
Log into your Robinhood account on the website and click your account name or profile icon in the top right. Select "Account" or "Settings," then look for "Transfers" or "Withdraw." The process mirrors the app: choose your bank account, enter the amount, and confirm.
Website withdrawals and app withdrawals use the same system, so it does not matter which you use. Some people find the website easier to read on a larger screen, especially if they are withdrawing a large amount and want to double-check the details.
Why a withdrawal might fail or be delayed
A withdrawal can fail if your bank account information is incorrect, if your bank rejects the transfer, or if you do not have enough settled cash available. Robinhood will usually send you a notification explaining why the transfer failed. The most common reason is that the available cash number changed between when you requested the withdrawal and when Robinhood processed it — for example, if you bought stock while the withdrawal was pending.
Delays beyond the normal one to three business days can happen during weekends, bank holidays, or market closures. If your withdrawal has not arrived after five business days, contact your bank first to see if they have received it. If your bank has not received it, contact Robinhood support through the app.
Some banks charge a fee for receiving transfers from investment accounts, even though Robinhood does not charge you to send the money. Check with your bank about their transfer policies before you withdraw.
Withdrawing from a Robinhood Gold account
If you have Robinhood Gold (the paid subscription tier), the withdrawal process is identical. The only difference is that Gold members have access to margin, which means they can borrow money to invest. You can only withdraw cash that is yours — borrowed margin money cannot be withdrawn.
If you have an outstanding margin loan, Robinhood may restrict your withdrawals until the loan is repaid. Check your account to see if you have any margin balance before you request a withdrawal.
Frequently Asked Questions
How long does it take to withdraw money from Robinhood?
Withdrawals typically arrive in one to three business days after you submit the request. The exact timing depends on your bank and whether the transfer is processed during a business day or over a weekend. Weekends and bank holidays can add extra days to the timeline.
Does Robinhood charge a fee to withdraw money?
No, Robinhood does not charge a fee for withdrawals. However, your bank may charge a fee for receiving a transfer from an investment account. Contact your bank to find out their policy.
Can I withdraw money if I just deposited it?
Not immediately. Deposits take one to three business days to clear and become available cash. Until the deposit clears, you cannot withdraw it. You can use the deposited money to buy stocks before it clears, but you cannot withdraw it until settlement is complete.
What happens if I request a withdrawal but don't have enough settled cash?
The withdrawal request will fail, and Robinhood will notify you that you do not have sufficient available cash. No money will be transferred. You can try again once more cash has settled or once a pending deposit clears.
Can I cancel a withdrawal after I submit it?
Once you confirm a withdrawal, you cannot cancel it through the Robinhood app. However, if the transfer has not yet left Robinhood's system, you may be able to contact support to stop it. After the money leaves Robinhood, you would need to contact your bank to reverse the transfer, which is not always possible.