Withdraw money from Robinhood | Robinhood

Withdraw money from Robinhood

To transfer money from your Robinhood account to your bank account:

  1. Select Account (person icon)→ in the app, select Menu (3 bars) or Settings (gear)
  2. Select TransfersTransfer money
  3. Select a linked account to withdraw to
  4. Enter the amount you'd like to withdraw
  5. Review and confirm the withdrawal
Keep in mind

You can’t cancel an initiated or pending withdrawal. Robinhood doesn’t charge FX fees, but implicit third-party costs of 0.03% are included in the applicable Great British Pound (GBP) to US Dollar exchange rate.

Withdrawable cash

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

  • Limits
  • Settlement period
  • Pending deposits
  • Cash held for pending orders

Limits

The following are your withdrawal limits:

  • A maximum of 5 withdrawal attempts each day
  • $100,000 for a transaction
  • $0.01 minimum transfer amount for each transaction

Settlement period

Following a sale in your brokerage account, the transaction usually needs to settle before you can withdraw the proceeds to your bank account.

Pending deposits

For pending deposits, you must wait until the deposit completes before you can withdraw it from your account. Deposit and withdrawal times may vary, such as for bank holidays.

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 trade orders.

Withdrawal errors

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

Account restriction

If your Robinhood account has a restriction, you may be unable to withdraw funds. Contact us if you want help resolving the issue and removing the restriction.

Withdrawing to a different source

If you want to withdraw money to a different bank account than who you originally deposited from, you’ll need to link to it with a new deposit. Check out Link your accounts for more details.

Disclosures

Robinhood U.K. Ltd (Robinhood UK) is authorised and regulated by the Financial Conduct Authority (FRN: 823590). Robinhood UK onboards UK customers and has the lead customer relationship with UK customers in relation to their use of the Robinhood UK app and website. Robinhood UK introduces UK customers to Robinhood Securities, LLC for order routing, execution, clearing, settlement, arranging custody services and margin lending to eligible UK customers with margin accounts. Robinhood Securities, LLC is regulated in the US by the SEC and FINRA. Robinhood UK and Robinhood Securities, LLC are subsidiaries of Robinhood Markets, Inc.

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All investing involves risk and a loss of principal is possible.

Robinhood U.K. Ltd (Robinhood UK) is authorised and regulated by the Financial Conduct Authority (FRN: 823590). Robinhood UK onboards UK customers and has the lead customer relationship with UK customers in relation to their use of the Robinhood UK app and website. Robinhood UK introduces UK customers to Robinhood Securities, LLC for order routing, execution, clearing, settlement, arranging custody services and margin lending to eligible UK customers with margin accounts. Robinhood Securities, LLC is regulated in the U.S. by the SEC and FINRA. Robinhood UK and Robinhood Securities, LLC are subsidiaries of Robinhood Markets, Inc.

Robinhood U.K. Ltd is a private limited company registered in England and Wales (09908051).

Robinhood does not provide investment advice. Individual investors should make their own decisions.

Commission-free trading of stocks refers to $0 commissions for Robinhood self-directed individual brokerage accounts that trade U.S. listed securities and ADRs. Keep in mind, other costs such as regulatory fees may apply to your brokerage account. Please see Robinhood UK’s Fee Schedule to learn more.

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© 2024 Robinhood. All rights reserved.
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All investing involves risk and a loss of principal is possible.

Robinhood U.K. Ltd (Robinhood UK) is authorised and regulated by the Financial Conduct Authority (FRN: 823590). Robinhood UK onboards UK customers and has the lead customer relationship with UK customers in relation to their use of the Robinhood UK app and website. Robinhood UK introduces UK customers to Robinhood Securities, LLC for order routing, execution, clearing, settlement, arranging custody services and margin lending to eligible UK customers with margin accounts. Robinhood Securities, LLC is regulated in the U.S. by the SEC and FINRA. Robinhood UK and Robinhood Securities, LLC are subsidiaries of Robinhood Markets, Inc.

Robinhood U.K. Ltd is a private limited company registered in England and Wales (09908051).

Robinhood does not provide investment advice. Individual investors should make their own decisions.

Commission-free trading of stocks refers to $0 commissions for Robinhood self-directed individual brokerage accounts that trade U.S. listed securities and ADRs. Keep in mind, other costs such as regulatory fees may apply to your brokerage account. Please see Robinhood UK’s Fee Schedule to learn more.

UK Privacy policy

© 2024 Robinhood. All rights reserved.