The basic process: initiate a transfer from the Robinhood app
To move money from Robinhood to your bank account, open the Robinhood app, tap the account icon at the bottom right, select "Transfers," then choose "Transfer to Your Bank." Enter the amount you want to move and confirm. Robinhood will send the money to the bank account you linked when you opened your Robinhood account — you cannot change the destination bank during the transfer.
The transfer itself is free. Robinhood does not charge a fee to move money out. Your bank may charge a fee on their end, though most do not charge for incoming transfers; check your bank's fee schedule if you are unsure.
The money does not arrive instantly. Standard transfers take one to three business days. Robinhood processes the transfer request immediately, but the actual movement of funds between financial institutions takes time. Weekends and bank holidays extend the timeline.
Key Takeaways
- Transfers from Robinhood to your linked bank account are free and initiated through the app's Transfers menu.
- Money takes one to three business days to arrive; weekends and holidays do not count as business days.
- You can only transfer to the bank account you linked during signup, not to a different account or person.
- You must have settled cash available to transfer — unsettled funds from recent stock sales cannot be moved until the settlement period ends.
Why your transfer might be delayed or blocked
If you try to transfer money and the app shows an error or blocks the request, the most common reason is that your funds have not settled. When you sell a stock on Robinhood, the sale itself happens instantly, but the cash from that sale does not become available to transfer for two business days. This is a federal rule called the settlement period, not a Robinhood policy. Until those two days pass, Robinhood will not let you move that money to your bank.
A second reason transfers fail is a mismatch between the bank account information Robinhood has on file and what your bank sees. If you recently changed your bank account number, closed an account, or moved to a different bank, you need to update your linked account in Robinhood before attempting a transfer. Go to Account > Banking Information and confirm the account details match exactly what your bank shows.
Robinhood also blocks transfers if your account has been flagged for suspicious activity or if there is a pending dispute with your bank. If you see a message about account verification or a hold, contact Robinhood support through the app to find out what is required to clear it.
Transferring from a Robinhood brokerage account versus a cash management account
Robinhood offers two main account types: a brokerage account (where you buy and sell stocks and options) and a cash management account (a savings-like account that earns interest). The transfer process is the same for both, but the timing differs slightly.
If you are transferring from a brokerage account, you must wait for any recent stock sales to settle before the cash becomes available. If you are transferring from a cash management account, the money is already settled and typically transfers faster — often within one business day instead of three. Cash management transfers also do not depend on when you sold securities, so there is no settlement delay.
Linking a new bank account to Robinhood
If you want to transfer money to a different bank account than the one you originally linked, you must add that account to your Robinhood profile first. Go to Account > Banking Information and select "Add Bank Account." Enter the routing number and account number for the new bank, and Robinhood will verify it by depositing two small test amounts (usually under one dollar each) into that account.
Check your new bank account within two to three business days for those deposits. You will see them listed as transfers from Robinhood. Once you confirm the amounts in the Robinhood app, the account is verified and you can transfer to it. The verification step is a security measure to ensure you actually own the account and to prevent transfers to the wrong place.
After verification, you can choose which linked bank account receives your transfer each time you initiate one. You cannot transfer to an account that has not been verified, and you cannot transfer to someone else's account — only to accounts in your own name.
What to do if money does not arrive after three business days
If your transfer shows as complete in the Robinhood app but the money has not appeared in your bank account after three business days, the first step is to check your bank's incoming transfer history. Log into your bank's website or app and look for recent deposits. Sometimes the transfer arrives but is labeled in a way that makes it easy to miss — search for "Robinhood" or look at the date range when you initiated the transfer.
If the money is not in your bank account and Robinhood shows the transfer as sent, contact your bank's customer service. Provide them with the transfer date and amount. Your bank can trace the transfer on their end and tell you whether it arrived and was rejected, or whether it is still in transit. This is rare, but it does happen when bank routing numbers are entered incorrectly or when there is a system issue on the bank's side.
If your bank says they never received it, go back to Robinhood support through the app and report the failed transfer. Robinhood can investigate on their end and either resend the transfer or credit your account. Keep screenshots of the transfer confirmation from Robinhood and any communication from your bank — this documentation speeds up the investigation.
Transferring large amounts and daily limits
Robinhood does not publish a single daily transfer limit that applies to all accounts. The limit depends on your account history, how long you have been a customer, and whether your account has been flagged for any reason. New accounts typically have lower limits than established ones.
If you try to transfer more than your current limit allows, Robinhood will show an error message telling you the maximum you can transfer. You can either transfer a smaller amount now and repeat the transfer later, or contact Robinhood support to ask whether your limit can be increased. Robinhood reviews limit increases on a case-by-case basis and does not may provide an increase.
If you need to move a very large amount, plan ahead and make multiple transfers over several days rather than waiting until you need the money urgently. This approach also reduces the chance of hitting a limit or triggering fraud detection.
Frequently Asked Questions
Can I transfer money to someone else's bank account?
No. Robinhood only allows transfers to bank accounts in your own name. You cannot transfer to a spouse's account, a family member's account, or any third party. If someone else needs the money, you must transfer it to your own bank account first, then move it from there.
What happens if I transfer money while I have an unsettled trade?
Robinhood will only let you transfer settled cash. If you have sold a stock and the settlement period has not ended, that cash is not available to transfer. You can transfer any other settled cash in your account, but the proceeds from the recent sale must wait the full two business days.
Do I need to do anything special to transfer money from a Robinhood IRA?
Transfers from a Robinhood IRA (Individual Retirement Account) follow different rules than transfers from a regular brokerage account. IRAs have withdrawal limits and tax consequences. Contact Robinhood support or speak with a tax professional before moving money out of an IRA, as the process and timing differ significantly.
Why does Robinhood show my transfer as complete but my bank has not received it?
Robinhood's "complete" status means Robinhood has sent the transfer request to the banking system, not that your bank has received and processed it. The actual movement between institutions takes one to three business days. Check your bank's transaction history and contact your bank if the money does not appear within that window.
Can I cancel a transfer after I have started it?
If you cancel within a few minutes of initiating the transfer, Robinhood may be able to stop it. Once the transfer has been processed and sent to the banking system, it cannot be cancelled — you must wait for it to arrive and then transfer it back if needed. Contact Robinhood support immediately if you need to cancel.