Moving money from Robinhood to your bank account

To transfer 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.

The process differs slightly depending on whether you're moving cash that's already sitting in your Robinhood account or whether you need to sell stocks, options, or crypto first. You also need to have a bank account linked to your Robinhood profile before you can withdraw anything.

Key Takeaways

  • You must link a bank account to your Robinhood profile before you can withdraw money, which takes one to two business days to verify.
  • Cash transfers from Robinhood to your bank take one to three business days, depending on your bank's processing speed.
  • If you're withdrawing money from investments, you must sell the position first, wait for the sale to settle (usually one to two business days), then initiate the withdrawal.
  • Robinhood does not charge a fee to withdraw money to your bank account.
  • You can only withdraw money that is fully settled; unsettled funds from recent trades may not be available immediately.

Linking your bank account to Robinhood

Before you can transfer money out, you need to add your bank account to Robinhood. Open the app or website, go to your Account settings, and select "Add Bank Account" or "Linked Accounts." You'll enter your bank's routing number and your account number, which you can find on a check or by logging into your bank's website.

Robinhood will then send two small deposits (usually under $1 each) to your bank account to verify ownership. This verification takes one to two business days. Once the deposits arrive, you'll return to Robinhood and confirm the two amounts to complete the link. Only after this verification is complete can you withdraw money.

Withdrawing cash already in your Robinhood account

If you have cash sitting in your Robinhood account (money you deposited but haven't invested, or cash from dividends), you can withdraw it directly. Open the app, tap your Account icon, select "Transfers," then choose "Withdraw." Pick the linked bank account you want the money to go to, enter the amount, and confirm.

The withdrawal will show as pending immediately, but the money won't appear in your bank account right away. Most banks receive the transfer within one to three business days. Some banks are faster; others take the full three days. If your bank is part of a larger network, the transfer may arrive the next business day.

Selling investments before you withdraw

If your money is tied up in stocks, ETFs, options, or crypto, you must sell the position first. Sell through Robinhood as you normally would. The sale executes immediately during market hours, but the cash doesn't become available to withdraw right away—it must settle.

Stock and ETF sales settle in two business days. Options settle in one business day. Crypto settles immediately in most cases. Until the sale settles, the cash shows in your account but is marked as unsettled and cannot be withdrawn. Once settlement is complete, the cash becomes available, and you can then initiate a withdrawal to your bank.

What happens if you don't have enough settled cash

If you try to withdraw more than your settled cash balance, Robinhood will reject the request. The app shows your settled and unsettled balances separately so you can see what's available. If you need the money urgently, you may have to wait for pending sales to settle before you can withdraw.

Robinhood also limits how much you can withdraw in a single transaction in some cases, though this is rare for standard accounts. If you hit a limit, you can split the withdrawal into multiple requests over several days.

Fees and costs

Robinhood does not charge a fee to withdraw money to your linked bank account. Your bank may charge a fee for receiving an external transfer, but most do not. If you're unsure whether your bank charges for incoming transfers, contact them directly or check your account agreement.

The only cost you might face is if you sell investments at a loss or at an unfavorable price while trying to raise cash quickly. That's a market cost, not a Robinhood fee.

Troubleshooting a stuck or delayed transfer

If your withdrawal is taking longer than three business days, first check that your bank account information is correct in Robinhood. A typo in the routing number or account number will cause the transfer to fail or go to the wrong place. If the information is correct, contact your bank to ask whether the transfer has arrived on their end.

If your bank says they haven't received it, contact Robinhood support through the app. Provide the withdrawal date, amount, and the bank account it was sent to. Robinhood can investigate whether the transfer was sent and help trace it if it was rejected by your bank's system.

Frequently Asked Questions

How long does it take to transfer money from Robinhood to my bank?

Most transfers arrive within one to three business days. The exact timing depends on your bank's processing speed and whether the transfer is initiated on a business day or weekend. Transfers initiated on Friday or over a weekend may not begin processing until Monday.

Can I withdraw money if I have unsettled funds?

No. You can only withdraw settled cash. Unsettled funds from recent stock or options sales are not available to withdraw until settlement is complete. Check your account to see which funds are settled and which are pending.

What if I sell a stock but the cash doesn't show up in my account?

The sale executed, but the cash is still settling. Stock sales take two business days to settle. During that time, the cash is in your account but marked as unsettled. Once two business days have passed, it becomes available to withdraw.

Can I withdraw money on weekends or holidays?

You can initiate a withdrawal anytime through the app, but Robinhood only processes transfers on business days. A withdrawal started on Saturday won't begin processing until Monday. Your bank also doesn't process transfers on weekends or federal holidays, so the arrival date will be delayed accordingly.

What should I do if my withdrawal failed?

Check that your bank account information in Robinhood matches exactly what your bank has on file—routing number, account number, and account type. If it's correct, contact your bank to ask if they rejected the transfer. If they didn't receive it, contact Robinhood support with the withdrawal date and amount so they can investigate.