Withdraw money from Robinhood
There’s no fee for bank transfers. However, instant withdrawals to a debit card or bank account can incur a 1.5% fee.
To transfer money from your Robinhood account to your external debit card or bank account in the app or on the web:
For bank accounts:
For debit cards:
A bank deposit can take up to 5 business days to complete and you won't be able to withdraw or spend the funds while it is in progress. Once it’s completed, it will be ready for withdrawal. Unless you have Instant Deposits set up, where some money is available instantly for investing but not for withdrawals.
An instant debit card or instant transfer withdrawal typically takes 10-30 minutes, but might take longer depending on your bank. You’ll see the transfer amount adjusted for the 1.5% fee for instant withdrawals.
An instant bank withdrawal, also known as a real-time payment (RTP), allows you to transfer money to your linked bank account in 10 minutes (or longer depending on your bank). There’s a 1.5% fee for instant withdrawals and you’ll see this amount before you complete the transfer. Check out Instant transfers for more details.
Following a sale in your brokerage or retirement account for equities, the transaction usually needs to settle before you can withdraw the proceeds to your bank account.
The settlement period for equities is the trade date plus 2 trading days (T+2), sometimes referred to as regular-way settlement. On the 3rd day, those proceeds will be available as withdrawable cash.
For 60 days following a deposit, you may be required to verify additional information if you want to withdraw money to a different source (debit card, bank account, instant transfer) 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:
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.
The cash value from a referral stock needs to remain in your brokerage 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. For example, if you win one share worth $10 to your Robinhood account, you can’t withdraw the $10 you receive by selling the stock until 30 days have passed. The cash value of the stock is determined by the price of the stock at the time you received it. 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 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 margin investing, you’ll need to maintain a Robinhood account value of at least $2,000 (minus any crypto positions) to meet the minimum balance requirements to borrow from within that account. 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 3 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.
Check out Cancel a pending 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.