The basic steps to withdraw cash from Robinhood
To withdraw money from Robinhood, you go to the Account menu, select Transfers, then choose Withdraw. You pick a linked bank account, enter the amount, and confirm. The cash leaves your Robinhood balance and moves to your bank account within one to three business days in most cases.
You can only withdraw to a bank account you have already linked to your Robinhood profile. Robinhood does not send checks, wire transfers, or payments to third parties. If you have not linked a bank account yet, you will need to do that first through the Account settings before you can withdraw anything.
The amount you can withdraw is limited to the cash sitting in your account — not the total value of your stocks or other holdings. If you have unsettled funds (money from a recent sale that has not yet cleared), Robinhood may not let you withdraw that amount immediately. Unsettled funds typically clear within two business days after you sell.
Key Takeaways
- Withdrawals go only to a bank account you have linked in advance; you cannot withdraw to a different bank or receive a check.
- You can only withdraw cash that is already in your account balance, not the value of stocks you own.
- Money from recent stock sales may be held as unsettled for up to two business days and cannot be withdrawn until it clears.
- Most withdrawals reach your bank account within one to three business days, though your bank may take an additional day to post it.
Linking a bank account before you withdraw
You must link at least one bank account to your Robinhood profile before you can move money out. Go to Account, then select Transfers. Choose Link a Bank Account and enter your bank's routing number and your account number. Robinhood will send two small test deposits to your bank account — usually within one business day — and you will need to confirm the amounts to verify ownership.
Once your bank account is verified, it stays linked to your profile. You can link multiple bank accounts if you want to withdraw to different banks, but each new account goes through the same verification process. After verification is complete, you can withdraw to that account at any time.
If you remove a linked bank account, you cannot withdraw to it anymore. You can re-link it later, but you will have to go through verification again.
Understanding unsettled funds and withdrawal holds
When you sell a stock or other security on Robinhood, the proceeds do not land in your cash balance right away. They sit as unsettled funds for two business days. During that time, you cannot withdraw that money. This is a standard market rule, not a Robinhood policy — it applies across all brokers.
If you try to withdraw before unsettled funds clear, Robinhood will show you how much cash is available to withdraw and how much is still unsettled. You can withdraw only the available amount. Once the two-day settlement period ends, that money moves to your cash balance and becomes available to withdraw.
Robinhood also places a hold on your account if you make a large deposit and then try to withdraw before the deposit fully clears from your bank. This is a fraud prevention measure. The hold typically lasts five to seven business days. During a hold, you can still trade, but you cannot withdraw cash.
How long withdrawals actually take
Robinhood processes withdrawal requests during business hours on weekdays. If you request a withdrawal on a Friday afternoon or over the weekend, it will not process until Monday. Once Robinhood processes it, the money is sent to your bank, which usually takes one to three business days to post to your account.
The total time from request to your bank account is typically two to four business days. Some banks are faster and post within one day; others take the full three days. You can check the status of your withdrawal in the Transfers section of your account — it will show as pending, in transit, or completed.
If a withdrawal does not arrive within five business days, contact Robinhood support. Provide your withdrawal confirmation number, which appears in your transfer history. Robinhood can check with your bank to see where the money is stuck.
Withdrawal limits and restrictions
Robinhood does not publish a stated daily or monthly withdrawal limit. However, if you withdraw very large amounts frequently, Robinhood may flag your account for review or place a temporary hold. This is more common if your withdrawals are much larger than your typical deposits or trading activity.
You cannot withdraw more than the cash balance in your account. If you have a margin account and have borrowed money from Robinhood, you cannot withdraw cash that is being held as collateral for that loan. You must pay back the margin loan first or deposit additional cash to cover it.
If your account is under review for any reason — such as a suspected violation of Robinhood's terms of service — Robinhood may freeze withdrawals until the review is complete. You will receive a notification if this happens.
What to do if a withdrawal fails or gets rejected
A withdrawal can fail if your linked bank account information is incorrect or out of date. If your bank rejects the transfer, Robinhood will send you a notification. The money stays in your Robinhood account and you can try again with corrected information.
Common reasons for rejection include a closed bank account, a typo in the routing number, or a mismatch between the name on your Robinhood account and the name on your bank account. Check that both names match exactly — if your bank account is under a nickname or shortened version of your name, update your Robinhood profile to match.
If you see an error message, go to your bank's website to confirm the routing number and account number are correct. Then return to Robinhood, remove the linked account, and re-link it with the correct information. You will have to verify it again with the test deposits.
Withdrawing after closing your account
If you close your Robinhood account, you must withdraw all remaining cash before or during the closure process. Robinhood will not hold cash from a closed account. Any unsettled funds must clear before you can withdraw them, so if you have recent sales, wait for settlement before closing.
If you have open positions (stocks or other holdings you still own), you must sell them first to convert them to cash. You cannot close your account while you hold securities. Once everything is sold and all funds are settled, you can withdraw the full cash balance and then close the account.
Frequently Asked Questions
Can I withdraw money on weekends or holidays?
You can request a withdrawal anytime through the app, but Robinhood only processes requests on business days during market hours. A request made on Saturday will not process until Monday. Your bank may also have its own processing delays on holidays.
What if I withdraw money and then want to buy stocks right away?
Once you request a withdrawal, the money is no longer in your Robinhood account and you cannot use it to trade. If you change your mind, you cannot cancel a withdrawal after Robinhood has processed it. Plan ahead if you think you might need the cash for trading.
Do I have to pay taxes on a withdrawal?
Withdrawing your own cash is not a taxable event. However, if you sold stocks at a profit before withdrawing, that sale is taxable. Robinhood sends you a tax form (1099) at the end of the year showing all your gains and losses. Consult a tax professional about your specific situation.
Can I withdraw to a different bank account than the one I linked?
No. You can only withdraw to a bank account that is linked and verified on your Robinhood profile. If you want to withdraw to a different bank, you must link that account first and complete the verification process.
What happens if I request a withdrawal but then deposit money before it processes?
Your withdrawal will still go through as requested. The new deposit will remain in your account as separate cash. Robinhood processes withdrawals in the order they are requested, not based on when deposits arrive.