You can transfer money out of Robinhood to your bank account through the app or website in a few minutes, but the money takes three to five business days to arrive
Robinhood lets you move cash out to any U.S. bank account you own. The transfer itself is quick to set up — you'll do it in the app or on the website — but the actual movement of money takes time. Most transfers land in your bank account within three to five business days. If you're selling investments first, that adds another one to two business days because of settlement rules.
The process is free. Robinhood doesn't charge you to move money out, and most banks don't charge you to receive it. You'll need your bank's routing number and your account number, which you can find on a check or by logging into your bank's website.
Key Takeaways
- Transfers from Robinhood to your bank account are free and take three to five business days to complete.
- You must add your bank account to Robinhood first, which requires your routing number and account number.
- If you're transferring money from selling stocks or options, add one to two extra business days for the sale to settle before the cash can move.
- Robinhood limits how much you can transfer out per day, and the limit depends on your account history and verification status.
- Transfers only work to bank accounts in your name; you cannot send money to someone else's account.
How to add your bank account to Robinhood
Before you can transfer money out, you need to link a bank account. Open the Robinhood app or go to the website and navigate to your Account settings. Look for the Banking or Transfer section — the exact name varies slightly between the app and web version, but it's always in Account settings.
Select "Add a Bank Account" or "Link Bank Account." Robinhood will ask for your bank's routing number and your account number. You can find both on a check (the routing number is the first set of numbers on the left, and the account number follows it). If you don't have a check, log into your bank's website or call the bank's customer service line and ask for these numbers.
After you enter the numbers, Robinhood will verify the account by depositing two small amounts (usually under $1 each) into your bank account. This takes one to two business days. Once those deposits show up in your bank account, you'll return to Robinhood and confirm the amounts to complete the verification. Only then can you transfer money out.
The steps to transfer money out
Once your bank account is verified, open the Robinhood app or website and go to Account settings. Select the Banking or Transfer section and choose "Transfer to Your Bank" or "Withdraw."
Enter the amount you want to transfer. Robinhood will show you any limits that apply to your account — these are daily or weekly caps that depend on your account age and verification status. If you're trying to transfer more than the limit allows, you'll need to do multiple transfers over several days.
Review the details: the amount, the bank account it's going to, and the expected arrival date. Confirm the transfer. That's it. You'll see the transfer listed in your account activity, and Robinhood will send you a confirmation email. The money will arrive in your bank account within three to five business days.
Why transfers take time if you sold investments recently
If you sold stocks, options, or other investments and want to transfer that money out, you'll wait longer than three to five business days. The reason is settlement: when you sell an investment, the money doesn't become available to transfer immediately. U.S. stock trades settle in two business days, meaning the cash sits in your Robinhood account but can't leave until settlement is complete.
So if you sell on a Monday, the trade settles on Wednesday. Then you can request a transfer, which takes another three to five business days to reach your bank. In total, you're looking at five to seven business days from the sale to the money landing in your bank account. Options and other investments may have different settlement times — check Robinhood's help section for the specific investment type.
Transfer limits and how they work
Robinhood sets a daily or weekly limit on how much you can transfer out. The exact limit depends on your account history, how long you've been verified, and your account type. New accounts typically have lower limits than established ones. Robinhood doesn't publish these limits publicly, but you'll see yours when you go to make a transfer.
If you need to move more than your limit allows, you can make multiple transfers over several days. Each transfer counts against your limit separately, so if your daily limit is $5,000 and you need to move $10,000, you can transfer $5,000 today and $5,000 tomorrow. There's no penalty for doing this — it's just how the system works.
If you hit your limit and need to move money urgently, contact Robinhood support through the app or website. They can sometimes increase your limit, though there's no may provide. The request usually takes a few business days to process.
What happens if the transfer fails or gets rejected
A transfer can fail if your bank account information is wrong, if your bank rejects the incoming deposit, or if there's a mismatch between the name on your Robinhood account and the name on your bank account. Robinhood will notify you by email if a transfer fails and will usually explain why.
If the account information is wrong, go back to your Banking settings in Robinhood, remove the bank account, and add it again with the correct information. You'll need to verify it again with the two small deposits. If your bank rejected the transfer, contact your bank to find out why — sometimes it's a security flag or a problem with the account itself.
If the names don't match, you may need to update your name on one of the accounts. Robinhood requires the account holder's name to match exactly. If you've recently changed your name, make sure both Robinhood and your bank have the current name on file.
Transferring money between Robinhood accounts
If you have multiple Robinhood accounts — for example, a regular brokerage account and a retirement account — you cannot transfer money directly between them. Each account is separate, and Robinhood doesn't allow internal transfers.
To move money from one Robinhood account to another, you have to transfer it out to your bank account first, then transfer it back into the other Robinhood account. This means you'll go through the full three-to-five-business-day wait twice. There's no way around this, and it's not unique to Robinhood — most brokerages work the same way.
Frequently Asked Questions
Can I transfer money to someone else's bank account?
No. Robinhood only transfers money to bank accounts in your name. The account holder's name must match the name on your Robinhood account. This is a security measure to prevent fraud and money laundering.
What if my transfer hasn't arrived after five business days?
Check your Robinhood account activity to confirm the transfer was actually sent. If it shows as completed, contact your bank and ask if they've received it — sometimes transfers get held up on the bank's end. If Robinhood shows the transfer as pending or failed, contact Robinhood support through the app. Provide them with the transfer date and amount, and they can investigate.
Do I have to transfer all my money out, or can I transfer part of it?
You can transfer any amount up to your daily or weekly limit. You don't have to empty your account. Enter the specific amount you want to move, and Robinhood will transfer only that amount.
Is there a fee to transfer money out of Robinhood?
Robinhood doesn't charge a fee. Your bank might, though most don't charge for incoming transfers. Check with your bank if you're unsure, but the vast majority of U.S. banks accept incoming transfers for free.
Can I cancel a transfer after I've requested it?
If the transfer is still pending, you may be able to cancel it through your account activity. If it's already been processed and left Robinhood, you cannot cancel it — the money is on its way to your bank. Contact Robinhood support immediately if you need to cancel, and they'll tell you whether it's still possible.