The basic steps to withdraw cash from Robinhood
To withdraw money from Robinhood, open the app or website, tap or click the account icon, select "Transfers," then "Transfer to Your Bank." Choose the bank account you linked when you opened your Robinhood account, enter the amount, and confirm. The money moves to your bank account in one to three business days, depending on your bank.
You can only withdraw cash that is actually in your account — money you have from selling stocks, dividends, or deposits. You cannot withdraw money that is tied up in open positions (stocks or options you currently own). If you want to move that money, you must sell the position first.
Robinhood does not charge a fee to withdraw your own cash. Your bank may charge a fee on their end, but that is between you and your bank, not Robinhood.
Key Takeaways
- Withdrawals go through the "Transfers" section of your account and take one to three business days to arrive at your linked bank account.
- You can only withdraw cash that is settled and available — not money locked in stocks or options you currently own.
- Robinhood charges no withdrawal fee, but your bank may charge a fee depending on your account type.
- If you have unsettled cash (money from a recent sale that has not yet cleared), you may not be able to withdraw it immediately.
What counts as available cash to withdraw
Available cash is money that has fully settled in your account. This includes deposits you made from your bank, proceeds from selling a stock or option, and dividend payments. Robinhood shows your available cash balance separately from your buying power, so check the "Cash" section of your account to see exactly what you can move.
Money from a stock sale takes two business days to settle after the sale date. During those two days, the money is in your account but marked as unsettled, and you cannot withdraw it. Once the settlement period ends, it becomes available cash and you can withdraw it immediately.
If you have a margin account (which lets you borrow money to buy stocks), your available cash may be lower than your total cash because some of it is reserved as collateral for your margin balance. You can only withdraw the amount Robinhood shows as available.
Linking and managing your bank account
Before you can withdraw, you need a bank account linked to Robinhood. You set this up when you created your account, but you can add or change your linked bank account in the "Transfers" section under Account settings. Robinhood will ask for your bank's routing number and your account number.
Robinhood verifies new bank accounts by making two small test deposits (usually under $1 each) to your account. Your bank will show these deposits, and you will need to confirm the amounts in the Robinhood app to complete the link. This process typically takes one to two business days.
You can link multiple bank accounts to Robinhood, but you can only withdraw to accounts in your own name. You cannot withdraw to someone else's account.
Why a withdrawal might be delayed or rejected
The most common reason a withdrawal fails is that the money has not settled yet. If you sold a stock or option within the last two business days, that cash is still settling and cannot be withdrawn. Wait until the settlement period ends, then try again.
A withdrawal can also be rejected if your linked bank account information is incorrect or if your bank flags the transfer as suspicious. If this happens, Robinhood will show an error message in the app. Check that your routing number and account number match exactly what your bank has on file. If the information is correct, contact your bank to ask whether they blocked the transfer.
If you have an unsettled margin call (a requirement to deposit cash because your account value dropped below the minimum), Robinhood may temporarily block withdrawals until you meet the call. This is a protection for Robinhood and your broker, not a permanent restriction.
Withdrawing from a joint or custodial account
If you have a joint account, both account holders can request withdrawals, but the money goes only to bank accounts in the names of the account holders. Robinhood will not send money to a third party.
If you have a custodial account (an account for a minor managed by a parent or guardian), the withdrawal rules are the same, but the money must go to a bank account in the custodian's name or the minor's name. Some custodial accounts have additional restrictions set by the custodian, so check your account settings or contact Robinhood support if you are unsure.
What happens if you want to withdraw everything
To close your Robinhood account and withdraw all your money, you must first sell all open positions (stocks, options, or crypto). Once everything is sold and settled, you can withdraw your entire cash balance. Robinhood does not require you to close the account itself — you can simply leave it empty and inactive.
If you have a margin balance (money you borrowed), you must pay that back before you can withdraw. The amount you owe will be deducted from your cash balance automatically, and you can only withdraw what remains.
Frequently Asked Questions
How long does a withdrawal actually take?
Robinhood processes the withdrawal within one business day, but your bank controls when the money appears in your account. Most banks show the deposit within one to three business days. Weekends and holidays can add time, so a withdrawal requested on Friday may not show up until Tuesday or Wednesday.
Can I withdraw money on weekends or holidays?
You can request a withdrawal any time through the app, but Robinhood only processes withdrawals on business days. A request made on Saturday or Sunday will be processed on the next Monday. Your bank will then take one to three more business days to deposit the money.
What if my bank account is closed or no longer valid?
If your linked bank account is closed, your withdrawal will be rejected and the money will stay in your Robinhood account. You will need to link a different, active bank account in the Transfers section and try again. Contact your bank if you are unsure whether an account is still active.
Can I withdraw money if I have a pending deposit?
Yes. A pending deposit does not block withdrawals. You can withdraw available cash even if you have money on the way to your account from your bank. The pending deposit will arrive separately once your bank processes it.
Is there a limit to how much I can withdraw at once?
Robinhood does not set a withdrawal limit, but your bank may. Some banks limit the amount you can transfer in a single day or require you to call ahead for large amounts. Check with your bank if you are moving a large sum and want to know their policies.