The basic process: transfer to your linked bank account

To remove money from Robinhood, you transfer it to a bank account you've already linked to your Robinhood profile. Log into the app or website, tap the account icon, select "Transfers", then "Transfer to Your Bank". Choose the amount and the linked bank account, then confirm. Robinhood will send the money to that account within one to three business days, depending on your bank.

You can only transfer to a bank account in your own name that you've previously connected to Robinhood. You cannot transfer directly to someone else's account or to a payment app like PayPal or Venmo from within Robinhood itself.

There is no fee to transfer money out. Robinhood does not charge for withdrawals, though your bank may charge a fee if you exceed a certain number of transfers per month — this is a bank rule, not a Robinhood rule.

Key Takeaways

  • Money transfers from Robinhood to your bank account take one to three business days and have no Robinhood fee.
  • You must link a bank account to your Robinhood profile before you can transfer money out, and transfers only go to accounts in your own name.
  • If you have unsettled cash (money from recent stock sales), you may need to wait for the settlement period before transferring it out.
  • Selling stocks or crypto first converts them to cash in your Robinhood account; that cash is what you then transfer to your bank.

Linking a bank account for the first time

If you have not yet connected a bank account to Robinhood, you must do that before you can transfer money out. In the app, go to Account > Transfers > Link a Bank Account. Enter your bank's name, your account number, and your routing number. Robinhood will verify the account by depositing two small amounts (usually under $1 each) into that account within one to two business days.

Once the deposits appear in your bank account, return to Robinhood and confirm the two amounts. After you verify them, the account is linked and ready for transfers. This verification step is a security measure to confirm you own the bank account.

You can link multiple bank accounts to a single Robinhood account. When you initiate a transfer, you choose which linked account receives the money.

Unsettled cash and the three-day settlement rule

When you sell a stock or crypto on Robinhood, the money does not immediately become available to transfer. Stock sales settle in two business days; crypto sales settle in one business day. During this settlement period, the cash sits in your Robinhood account but is marked as "unsettled" and cannot be transferred out.

If you try to transfer money and see a message that some of your cash is unsettled, wait for the settlement period to end. You can transfer only the settled portion. For example, if you sold $500 of stock today and $300 of it has settled, you can transfer the $300 now and the remaining $200 after the two-day settlement window closes.

This rule applies to all users, including those with Robinhood Gold (the paid subscription). The settlement period is set by the financial system, not by Robinhood.

What happens if you have a negative balance or margin debt

If you have borrowed money through Robinhood Gold's margin feature, you cannot transfer out more than your available cash. Your available balance shows what you can actually move to your bank account. If you owe margin debt, that amount is subtracted from your total cash before calculating what you can transfer.

If your account shows a negative balance (you owe Robinhood money), you must pay that debt before you can transfer anything out. Contact Robinhood support to understand the exact amount owed and the deadline for payment.

Transferring out after closing your account

If you want to close your Robinhood account entirely, you must first sell all stocks and crypto and transfer all cash out. Robinhood does not allow you to close an account with positions still open or cash remaining in it. Sell your holdings, wait for settlement, then transfer the cash to your bank account. Once your account balance is zero, you can request account closure through the app or by contacting support.

After you close your account, you have a limited time to retrieve any remaining funds. If you do not transfer money out before closure, contact Robinhood support immediately to recover it.

Troubleshooting common transfer problems

If your transfer is taking longer than three business days, check whether your bank account is still linked and active. Some banks automatically unlink accounts after a period of inactivity. Log into Robinhood and verify that your bank account still appears in your linked accounts list. If it has been removed, re-link it and try the transfer again.

If you see an error message when you try to transfer, the most common causes are: unsettled cash (wait for settlement), a bank account that failed verification (re-link it), or a transfer limit imposed by your bank (contact your bank to check their rules). Robinhood itself does not set daily or monthly transfer limits, but many banks do.

If money left your Robinhood account but did not arrive in your bank account within three business days, contact your bank first — the delay is usually on their end. If your bank confirms they never received it, contact Robinhood support with the transfer confirmation number from your Robinhood account history.

Frequently Asked Questions

Can I transfer money out on weekends or holidays?

You can initiate a transfer any time, but Robinhood and banks only process transfers on business days. A transfer started on Friday evening will not begin processing until Monday. Holidays also pause the clock, so a transfer initiated on a Friday before a Monday holiday may not arrive until Wednesday.

What if my bank account information changes?

If you change banks or your account number changes, you must link the new account to Robinhood before you can transfer to it. The old linked account will no longer work. Remove the old account from your linked accounts list and add the new one following the verification process.

Can I transfer money to someone else's bank account?

No. Robinhood only transfers to bank accounts in your own name that you have linked to your profile. If you want to send money to someone else, transfer it to your own bank account first, then send it from there using your bank's tools or a payment app.

Is there a limit to how much I can transfer out at once?

Robinhood does not set a maximum transfer amount. However, your bank may have daily or monthly limits on incoming transfers. Check with your bank about their rules. If you hit your bank's limit, you can initiate another transfer after the limit resets.

What if I transferred money but it went to the wrong account?

If you selected the wrong linked account by mistake, contact Robinhood support immediately with your transfer confirmation number. They may be able to stop the transfer if it has not yet processed. If the money has already reached the wrong account, you will need to recover it from that account's holder or your bank.