Withdraw money from Robinhood | Robinhood

Withdraw money from Robinhood

Before you begin

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:

  1. Select Account (person icon)
  2. In the app, select Menu (3 bars) or on the web, skip to the next step
  3. Select TransfersWithdraw
  4. Enter the amount you'd like to transfer
  5. Choose the Robinhood account you want to withdraw money from
  6. Select a linked 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 Withdraw
Note

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 current balance shows before you submit your transfer
  • You can view your overall daily limits in Transferstransfer 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 current balance shows before you submit your transfer
  • You can check your overall daily limits in Transfers → Learn more about your transfer limits

Withdrawable cash

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
Exclusions that applyInvestingRetirementSpending
Settlement periodYesYesN/A
Pending depositsYesYesYes
Cash held for pending ordersYesYesN/A
Referral stockYesN/AN/A
Margin investingYesN/AN/A
Options collateralYesYesN/A
Pending debit card transactionsN/AN/AYes
Round-upsN/AN/AYes

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.

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.

Example

If you receive a fractional share of stock worth $10 in your Robinhood account, you can’t withdraw the $10 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) → InvestingMargin 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 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 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.

Withdrawal errors

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 TransfersTransfer 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.

Cancel a withdrawal

To cancel a pending withdrawal in your app:

  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
Note

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.

Disclosures

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-up services are made available within your spending account that’s provided by Robinhood Money. You must have a brokerage account with Robinhood Financial LLC, or a crypto account with Robinhood Crypto, LLC to fully utilize the investment features. Crypto accounts are not available in all US jurisdictions.

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All Investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker dealer (member SIPC), and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC).

Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840).Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Please review a list of RHC's licenses for more information. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected.

The Robinhood spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Please review a list of our licenses for more information.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Robinhood Gold Card is subject to credit approval and underwriting. Robinhood Gold Card is offered by Robinhood Credit, Inc., and is issued by Coastal Community Bank, pursuant to a license from Visa U.S.A. Inc. Robinhood Credit, Inc. (“RCT”), is a financial technology company, not a bank.

Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC (“RHG”).

RHF, RHY, RHC, RCT, RHG, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, RHG, and RHS are not banks. Investing products offered by RHF are not FDIC insured and involve risk, including possible loss of principal.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

The risk of loss in trading futures can be substantial. Carefully consider if it’s appropriate for you in light of your financial circumstances. Please read the Futures Risk Disclosure Statement prior to trading futures products. Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC) and are not Federal Deposit Insurance Corporation (FDIC) insured. Prior to trading virtual currency Futures products, please review the NFA Investor Advisory & CFTC Advisory providing more information on these potentially significant risks. Futures trading and options on futures trading are offered by Robinhood Derivatives, LLC (“RHD”), a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC) and Member of National Futures Association (NFA) (NFA ID 0424278).

RO 3924940

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.
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All Investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker dealer (member SIPC), and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC).

Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840).Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Please review a list of RHC's licenses for more information. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected.

The Robinhood spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Please review a list of our licenses for more information.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Robinhood Gold Card is subject to credit approval and underwriting. Robinhood Gold Card is offered by Robinhood Credit, Inc., and is issued by Coastal Community Bank, pursuant to a license from Visa U.S.A. Inc. Robinhood Credit, Inc. (“RCT”), is a financial technology company, not a bank.

Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC (“RHG”).

RHF, RHY, RHC, RCT, RHG, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, RHG, and RHS are not banks. Investing products offered by RHF are not FDIC insured and involve risk, including possible loss of principal.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

The risk of loss in trading futures can be substantial. Carefully consider if it’s appropriate for you in light of your financial circumstances. Please read the Futures Risk Disclosure Statement prior to trading futures products. Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC) and are not Federal Deposit Insurance Corporation (FDIC) insured. Prior to trading virtual currency Futures products, please review the NFA Investor Advisory & CFTC Advisory providing more information on these potentially significant risks. Futures trading and options on futures trading are offered by Robinhood Derivatives, LLC (“RHD”), a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC) and Member of National Futures Association (NFA) (NFA ID 0424278).

RO 3924940

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.