How to withdraw cash from Robinhood
To withdraw money from Robinhood, you link a bank account, request the transfer through the app or website, and wait for the funds to arrive — usually one to three business days. Robinhood does not charge a withdrawal fee. You can only withdraw cash that is fully settled, which means money from stock or crypto sales that have cleared, not money that is still in a pending trade.
The process differs slightly depending on whether you use Robinhood's standard brokerage account or Robinhood Gold (the paid subscription tier). Both allow withdrawals to a linked bank account, but Gold members can withdraw immediately after selling, while standard account holders must wait for settlement.
Key Takeaways
- You must link a bank account before you can withdraw; Robinhood will verify it with two small test deposits.
- Only settled cash can be withdrawn — money from sales that completed and cleared, not pending trades or unsettled funds.
- Standard accounts must wait for settlement (typically two business days after a sale); Gold members can withdraw immediately after selling.
- Withdrawals take one to three business days to reach your bank account and do not incur a Robinhood fee.
Linking a bank account for the first time
Open the Robinhood app or website and go to Account > Transfers. Select "Link a bank account" and enter your bank's routing number and your account number. You can find both on a check or by logging into your bank's website.
Robinhood will send two small deposits (usually under $1 each) to your bank account within one to two business days. Log back into Robinhood, go to Account > Transfers, and enter the exact amounts of those two deposits. Once you confirm them, your bank account is verified and ready for withdrawals.
If you already have a linked bank account and want to add another, follow the same process. You can have multiple bank accounts linked at once, but you can only withdraw to one at a time.
Requesting a withdrawal
Go to Account > Transfers and select "Withdraw." Choose the bank account you want the money to go to, enter the amount, and confirm. The withdrawal request is submitted immediately, but the money does not leave Robinhood until the next business day.
Robinhood will send the funds to your bank, which typically takes one to three business days to post to your account. Some banks are faster; others are slower. You can check the status of your withdrawal in the Transfers section of your account.
If you request a withdrawal on a weekend or holiday, it will be processed on the next business day. There is no limit to how many times you can withdraw or how much you can withdraw at once, as long as the cash is settled.
Understanding settled versus unsettled cash
When you sell a stock or crypto on Robinhood, the sale completes immediately, but the cash does not become available to withdraw right away. The money is unsettled until the trade clears with the exchange and your broker — a process that takes two business days for stocks and one business day for most cryptocurrencies.
During the settlement period, you can use the cash to buy other securities, but you cannot withdraw it. Once settlement is complete, the cash becomes settled and you can withdraw it. Robinhood shows both your settled and unsettled cash balances in your account so you know exactly what you can withdraw.
If you try to withdraw more than your settled cash balance, Robinhood will reject the request. You must wait for trades to settle before you can withdraw that money.
Differences between standard accounts and Robinhood Gold
Robinhood Gold is a paid subscription ($5 per month or $55 per year) that gives you a few advantages, including the ability to withdraw immediately after selling. With a standard account, you must wait for the two-day settlement period. Gold members also get margin investing (borrowing money to buy securities) and other features.
If you are only interested in withdrawals, Gold is not necessary — the standard account works fine, you just have to wait. The settlement period is a rule set by the financial system, not by Robinhood, so no account type can bypass it entirely.
What to do if your withdrawal is delayed
Most withdrawals arrive within one to three business days. If yours takes longer, check the Transfers section to see if Robinhood shows a status update. If the withdrawal shows as "completed" on Robinhood's end but has not arrived at your bank, contact your bank — the delay is usually on their side.
If Robinhood shows the withdrawal as "pending" or "processing" after three business days, contact Robinhood support through the app or website. Withdrawals can be delayed if your bank account information is incorrect, if there is a mismatch between the name on your Robinhood account and your bank account, or if your bank is experiencing technical issues.
You can cancel a withdrawal before it leaves Robinhood, but once it has been sent to your bank, you cannot cancel it through Robinhood — you must contact your bank to reverse it.
Withdrawing from a joint or custodial account
If your Robinhood account is a joint account, both account holders can request withdrawals, but the money goes to the linked bank account on file. If you are the custodian of a minor's account (a Robinhood Custodial account), you can withdraw funds, but the money must go to a bank account in the minor's name or a joint account that includes the minor.
Robinhood will verify the bank account information matches the account registration, so make sure the name on your bank account matches the name registered with Robinhood. If there is a mismatch, the withdrawal may be rejected or delayed.
Frequently Asked Questions
Can I withdraw money if I have unsettled cash?
No. You can only withdraw settled cash. If you have unsettled cash from a recent sale, you must wait for it to settle (two business days for stocks, one for crypto) before you can withdraw it. Robinhood shows your settled and unsettled balances separately so you know what is available.
Does Robinhood charge a fee to withdraw money?
No. Robinhood does not charge withdrawal fees. Your bank may charge a fee if you withdraw from an out-of-network ATM or if you exceed a certain number of transfers per month, but Robinhood itself does not charge anything.
How long does it take to withdraw money from Robinhood?
One to three business days from the time you request it. Robinhood processes the withdrawal the next business day, then your bank takes one to two more days to post it to your account. Weekends and holidays do not count as business days.
What if the name on my bank account does not match my Robinhood account?
Robinhood will reject the withdrawal or flag it for review. Your bank account name must match the name registered with Robinhood. If you recently changed your name or registered with a nickname, update your Robinhood account information first, then try the withdrawal again.
Can I withdraw money if I have a negative balance or margin debt?
No. If you owe money to Robinhood (through margin borrowing or a negative balance), you cannot withdraw until the debt is paid off. Robinhood will not let you request a withdrawal if your account balance is negative or if you have outstanding margin calls.