How to transfer money from Robinhood to your bank account
To move money from Robinhood to your bank, you initiate a withdrawal through the Robinhood app or website, select your linked bank account, enter the amount, and confirm the transfer. The money typically arrives in your bank account within one to three business days, though the exact timing depends on your bank and whether you're transferring cash or selling investments first.
Before you can withdraw, you need to have a bank account linked to your Robinhood account and enough available cash in your Robinhood account to cover the withdrawal. If your money is currently in stocks, crypto, or other investments, you'll need to sell those positions first to convert them to cash.
Key Takeaways
- Link your bank account to Robinhood before you can withdraw, which requires your routing number and account number.
- You can only withdraw cash that's sitting in your Robinhood account; investments must be sold first.
- Transfers typically take one to three business days, but some banks process them more slowly.
- Robinhood does not charge a fee for withdrawals, but your bank may charge a fee for incoming transfers.
- If you're selling investments to fund the withdrawal, the sale settles in one to two business days before the cash can be withdrawn.
Linking your bank account to Robinhood
You must link a bank account before you can withdraw money. Open the Robinhood app or website, go to your Account settings, and select "Add a Bank Account" or "Linked Banks." You'll need your bank's routing number and your checking or savings account number. Both appear on the bottom left of your checks, or you can call your bank to ask.
Robinhood will ask you to verify the account by making two small test deposits to your bank account, usually within one to two business days. Once the deposits arrive, you return to Robinhood and confirm the amounts to complete the link. Some banks allow instant verification through Plaid, which skips the test deposit step.
Selling investments before you withdraw
If your money is in stocks, exchange-traded funds (ETFs), or cryptocurrency, you cannot withdraw it directly. You must sell the position first. Open the position in your Robinhood account, tap "Sell," enter the number of shares or the dollar amount, and confirm the sale.
The sale executes immediately during market hours, but the cash does not become available right away. Stock sales settle in two business days, meaning the cash lands in your Robinhood account on the second business day after the sale. Cryptocurrency sales settle faster, usually within one business day. Until the settlement is complete, you cannot withdraw that cash.
Starting a withdrawal from Robinhood
Once you have cash available and a linked bank account, open the Robinhood app or website and navigate to your Account tab. Select "Transfers" or "Withdraw Cash," then choose the linked bank account where you want the money to go. Enter the dollar amount you want to withdraw and review the details.
Robinhood will show you an estimated arrival date based on your bank's processing speed. Confirm the withdrawal, and the transfer begins. You'll receive a confirmation in the app and usually an email as well. The money leaves your Robinhood account immediately, but it may take one to three business days to appear in your bank account.
How long transfers actually take
Robinhood sends the withdrawal to your bank within one business day, but your bank controls how long it takes to deposit the money into your account. Most banks post transfers within one to two business days of receiving them. Some banks, particularly smaller regional banks or credit unions, may take up to three business days.
Weekends and bank holidays slow the process because banks do not process transfers on those days. If you initiate a withdrawal on Friday evening, it may not arrive until Tuesday or Wednesday. If you need the money by a specific date, check your bank's transfer policy or call them directly to understand their timeline.
Fees and limits on withdrawals
Robinhood does not charge you a fee to withdraw money. However, your bank may charge a fee for incoming transfers, depending on your account type and the bank's policies. Check your bank's fee schedule or call them to ask whether they charge for ACH transfers or external deposits.
Robinhood does not publish a maximum withdrawal amount, but your bank may have limits on how much you can receive in a single transfer or per day. If you're moving a large sum, contact your bank beforehand to confirm they can accept it and to ask whether you need to notify them in advance.
What to do if your withdrawal is delayed
If the money does not arrive within the timeframe Robinhood provided, first check your Robinhood account to confirm the withdrawal went through. Look at your transaction history to see the date and amount. Then contact your bank and provide them with the transfer details—the amount, the date Robinhood sent it, and Robinhood's reference number if you have it.
Your bank can trace the transfer and tell you whether it has been received and when it will post. If the transfer was rejected, your bank will explain why (usually a mismatch in account number or routing number) and the money will return to your Robinhood account within a few business days. If that happens, verify your bank account information in Robinhood and try again.
Frequently Asked Questions
Can I withdraw money while I have unsettled trades?
No. Unsettled trades are sales that have not yet completed their two-business-day settlement period. The cash from those sales is not available to withdraw until settlement is finished. You can withdraw only the cash that is already settled and showing in your account balance.
What if I enter the wrong bank account number?
The transfer will likely be rejected by the receiving bank and returned to your Robinhood account within a few business days. Check your bank account information in Robinhood, correct it, and try the withdrawal again. Do not attempt multiple transfers to the wrong account, as this can trigger fraud alerts at your bank.
Do I have to withdraw all my money at once?
No. You can withdraw any amount up to your available cash balance. You can make multiple withdrawals on the same day or on different days. Each withdrawal is a separate transaction and follows the same one- to three-business-day timeline.
Can I withdraw money on weekends?
You can initiate a withdrawal on weekends through the Robinhood app, but Robinhood does not send it to your bank until the next business day. Your bank will not process it until a business day as well, so the total time to arrival is usually longer if you withdraw on a Friday or Saturday.
What happens if Robinhood closes my account?
If Robinhood closes your account, you can still withdraw your cash balance. Robinhood will send you instructions on how to request the withdrawal. Any unsettled trades will settle normally, and you can withdraw the proceeds once settlement is complete.