Withdraw Money From Robinhood

Withdraw money from Robinhood

There’s no fee for standard bank transfers (ACH). However, instant withdrawals to a debit card or bank account can incur a 1.75% fee (minimum of $1 and maximum of $150 per transaction).

To transfer money from your Robinhood account to your external debit card or bank account, follow the applicable steps.

1. Select Account (person icon)
2. Select Menu (3 bars)
3. Select Transfers → Withdraw
4. Enter the amount you'd like to withdraw
5. Choose the Robinhood account you want to withdraw money from
6. Select a linked external account to withdraw to, and if your account qualifies, Instant transfers eligible will show next to the external account
7. Review the withdrawal and confirm any associated fees
8. Select Transfer

1. Select Account
2. Select Transfer → Transfer money
3. Enter the amount you'd like to withdraw
4. Choose the Robinhood account you want to withdraw money from
5. Select a linked external account to withdraw to, and if your account qualifies, Instant transfers eligible will show under the external account
6. Review the withdrawal and confirm any associated fees
7. Select Transfer

For standard bank account transfers (originated ACH):

• Your daily withdrawal limit (amount and frequency) may vary and reset each business day at 7 PM ET
• Your available balance shows before you submit your transfer
• You can view your overall daily limits in Transfers → transfer limits

For debit card transfers and instant bank withdrawals:

• Your daily withdrawal limit (amount and frequency) may vary and reset each calendar day at 12 AM ET
• Your available balance shows before you submit your transfer
• You can check your overall daily limits in Transfers → Learn more about your transfer limits

For Robinhood Strategies managed accounts, the amount of withdrawable cash is the value of your portfolio less any pending cash and asset transfers, and any accrued management fees.If your withdrawal request exceeds the amount of cash in the account, Robinhood Strategies will need to sell assets to generate cash, which can result in the transfer taking an extra 2-3 days.

Withdrawable cash is what’s available to withdraw from your account. However, the following exclusions may apply depending on your account type and activity, where:

• Yes means the exclusion applies
• N/A means it isn’t applicable because the activity isn’t available for that account

Settlement period

Following a sale in your investing or retirement account for equities or options, the transaction usually needs to settle before you can withdraw the proceeds to your bank account.

The settlement period for equities and options trades is the trade date plus 1 trading day (T+1), sometimes referred to as regular-way settlement. On the 2nd day, those proceeds will be available as withdrawable cash.

For Robinhood Strategies managed accounts, there will be a settlement period before cash is available for withdrawal anytime the withdrawal request exceeds the cash balance in the account. This is because Robinhood Strategies has to sell assets to raise enough cash to satisfy the request.

Pending deposits

Deposits and withdrawal times may vary, check out Deposit money into your Robinhood account for details and timelines.

For pending deposits, you must wait until the deposit is available before you can withdraw it from your account.

Cash held for pending orders

For pending orders, you won’t see money held for orders in your withdrawable cash. Before you can withdraw cash, you’ll need to cancel the pending orders.

Referral stock

The cash value from a referral stock needs to remain in your investing or retirement account for at least 30 calendar days. If you sell your free stock before the 30 days, you won’t be able to access those funds in your withdrawable cash. After the 30-day window, there are no restrictions on the proceeds. Check your History for the stock’s value. For details, review Robinhood Referrals Program.

If you receive a fractional share of stock worth $10 in your Robinhood account, you can’t withdraw the $10 in cash that you receive by selling the stock for 30 days. The cash value of the stock is determined by the price of the stock at the time you received it.

Margin investing

If you’re using margin investing, you’ll need to maintain a Robinhood account value of at least $2,000 to meet the minimum balance requirements to borrow from within that account. To withdraw below $2,000, you’ll need to disable it by going to Account (person icon) → in the app, Menu (3 bars) → Investing → Margin investing.

Options collateral

Depending on the options strategy you use, we may hold stocks or cash as collateral to make sure you can cover the position in case of assignment. For details, review Options collateral.

Pending debit card transactions

For spending accounts, you may have funds held for pending debit card transactions through the Robinhood Cash Card. When you use your Robinhood Cash Card, an authorization is placed to hold funds until the transaction settles or the authorization expires.

Round-ups

If you’re enrolled in Round-ups, you have the cents rounded up from your recent Robinhood Cash Card transactions, which are held before the order is placed on a weekly basis. You may need to unenroll in Round-ups before you can withdraw the funds. Review Round-ups for more details.

In addition to cash balance limitations, a withdrawal to your bank account can fail for a few other reasons. The most common reasons include account restriction, transfer limits, or withdrawing to a different source.

Transfer limits

The same exclusions that apply to withdrawals also apply to transfers between Robinhood accounts. To check your transfer limit, go to Transfers → Transfer limits.

Withdrawing to a different source

For 60 days following a deposit, you may be required to verify additional information if you want to withdraw money to a different source account than the one you originally deposited them from.

If the original bank account is closed or you’re unable to access it, contact us for help initiating a withdrawal to another bank account for you. You may be required to share:

• A brief description of why you’re unable to withdraw to the bank account you originally deposited funds from.
• A photo of the front and back of your government-issued ID.
• Bank statements showing that you’re the account holder of the 2 linked bank accounts. Photos or PDFs must be clear and legible.
• The withdrawal amount and specific receiving bank account.

Account restriction

If your Robinhood account has a restriction, you may be unable to withdraw funds. Check for a banner in the app to take action or contact us if you want help resolving the issue and removing the restriction.

To cancel a pending withdrawal:

1. Select Account (person icon)
2. In the app, select Menu (3 bars)
3. Select History
4. In Pending, select the pending bank withdrawal you want to cancel
5. Select Cancel transfer

On trading days, there are 3 potential cutoff times for when you can cancel a transfer depending on when you initiated it. After the cutoff times pass, you can’t cancel a transfer and must wait for it to be available.

Check out Cancel a pending standard bank transfer for our current transfer processing schedule.

Margin investing involves the risk of greater investment losses. Before using margin, customers must determine whether this type of strategy is right for them given their investment objectives and risk tolerance. For more information, review our Margin Disclosure Statement.

Round-ups are sent from your spending account with, and are a service of, Robinhood Money. The Robinhood Cash Card is not used for stock or crypto-related transactions. Sutton Bank is not involved in the stock or crypto-related transactions. You authorize the transfer of round-ups from your spending account with Robinhood Money to your Affiliate accounts. You must separately place a recurring trade order with Robinhood Financial LLC to invest in securities, or with Robinhood Crypto, LLC for crypto trades. You need an individual investing account with Robinhood Financial LLC to be eligible for round-ups.

Robinhood Asset Management, LLC (“RAM” or “Robinhood Strategies”) is an SEC-registered investment advisor. Robinhood Financial LLC (member SIPC) is a registered broker dealer. Robinhood Securities LLC (member SIPC) provides clearing services.