Withdraw money from Robinhood
Keep in mind that while there is no fee for bank transfers, withdrawals using a debit card incur a 1.5% fee because they happen instantly (typically around 10 minutes but sometimes longer depending on your bank).
To transfer money to your external debit card or bank account:
To transfer your funds to your external debit card or bank account:
For bank accounts:
For debit cards:
A bank deposit can take up to 5 business days to complete and you will not be able to withdraw or spend the funds while it is in flight. Once it’s marked completed, it will be ready for withdrawal.
A debit card or an instant transfer withdrawal typically takes 10-30 minutes, but might take longer depending on your bank. There is a 1.5% fee for instant withdrawals, which you’ll see the transfer amount adjusted for.
Following a sale in your brokerage account for equities, the transaction needs to “settle” before you can withdraw them to your bank account. The settlement period for equities is the trade date plus two trading days (T+2), sometimes referred to as regular-way settlement. On the third day, those funds will go into your buying power and will appear as withdrawable cash.
For 60 days following a deposit, you may be required to verify additional information if you wish to withdraw funds to a different bank account than the one you originally deposited them from.
If the original bank account is closed or you are unable to access it, our support team can help initiate a withdrawal to another bank account for you. Please be aware you may be required to share:
The cash value from a referral stock needs to remain in your brokerage account for at least 30 calendar days. If you sell your free stock before the 30 days, you will not be able to access those funds in your withdrawable cash. After the thirty-day window, there are no restrictions on the proceeds. For example, if you win one share worth $10 to your brokerage account, you can’t withdraw the $10 you receive by selling the stock until thirty days have passed. The cash value of the stock is determined by the price of the stock at the time you received it. You can check out your History tab for the stock’s value. For details, review Robinhood Referrals Program.
If you receive a fractional share of stock worth $10 in your brokerage 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. You can check out your History tab for the stock’s value.
If you’re using the margin investing feature, you’ll need to maintain a brokerage account value of at least $2,000 (minus any crypto positions) to meet the minimum balance requirements to borrow. To withdraw below $2,000, you’ll need to disable Margin investing in Settings → Investing.
To cancel a pending withdrawal in your app:
On trading days, there are three potential cutoff times for when you can cancel a transfer depending on when you initiated it. After the cutoff time passes, you won’t be able to cancel the transfer anymore and you’ll need to wait for it to complete.
On weekends, you can cancel bank transfers up until 3:00 PM ET the following Monday.
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.