Withdraw Money From Robinhood

iOS

To transfer your funds to your bank account on your iOS app:

  1. Tap the Account icon in the bottom right corner.
  2. Tap Transfers.
  3. Tap Transfer to Your Bank.
  4. Choose the bank account you’d like to transfer to.
  5. Enter the amount you'd like to transfer to your bank.
  6. Tap Submit.
Android

To transfer your funds to your bank account on your Android app:

  1. Tap the Account icon in the bottom right corner.
  2. Tap Transfers.
  3. Tap Transfer to Your Bank.
  4. Choose the bank account you’d like to transfer to.
  5. Enter the amount you'd like to transfer to your bank.
  6. Tap Submit.
Web

To transfer your funds to your bank account on your web app:

  1. Click Account in the upper right corner of the screen.
  2. Click Banking.
  3. Initiate a transfer from Robinhood to your bank account using the panel on the right.
Note

You can withdraw up to $50,000 per business day from Robinhood.

Withdrawal Rules

Deposit Pending

A deposit can take up to five trading 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.

Settlement Period

Following a sale, your funds need to “settle” before you can withdraw them to your bank account. The settlement period 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.

Withdrawing to a Different Bank Account

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:

  • A brief description of why you are unable or unwilling 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 are the account holder of the two linked bank accounts. Photos or PDFs must be clear and easy-to-read.
  • Amount and specific bank account that you’d like to transfer funds to.

Referral Stock

The cash value from a referral stock needs to remain in your 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 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.

Robinhood Gold

If you are using margin on Robinhood Gold, you will need to maintain a brokerage account value of at least $2,000 to meet the minimum requirements to borrow. In order to withdraw below $2,000, you will need to turn off margin in Settings.

Reference No. 20200520-1192469-3595097
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