Robinhood Withdrawable Cash: A Comprehensive Guide (2024)

FAQs

Why is my cash not withdrawable on Robinhood? ›

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 is the trade date plus 2 trading days (T+2), sometimes referred to as regular-way settlement.

How do you withdraw buying power from the Robinhood platform? To withdraw buying power, you need to get your earnings in the form of a currency (fiat or potentially crypto), and then send that money over to a bank or to an exchange such as Binance, KuCoin, or Coinbase.

To withdraw funds, tap the "Account" icon in the bottom right corner of your Robinhood app, +1(747) 205-0398 go to the "Transfers" section, and select "Transfer to Your Bank." Choose the amount you wish to withdraw and confirm the transaction.

Standard bank transfer: No fee for withdrawals. External debit card account: Withdrawals have up to a 1.75% fee based on the amount being transferred out. You'll see the calculated fee when you initiate the withdrawal, so you'll know the amount up front.

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.

Funds from sold stock take two full business days to settle before they can be withdrawn. For Example: If you were to sell stock on Friday, the trade would settle on Tuesday.

Once all activity in an account settles, buying power and withdrawable cash will be equal. A security you sell will typically settle around 9:00 AM ET two business days after your trade date. The two-day settlement cycle is a regulatory requirement set by the Securities and Exchange Commission.

Yes, you can transfer your buying power from Robinhood to bank.

Buying power accounts for additional inflows and outflows of cash (pending orders, unsettled funds from a deposit or transaction, etc.) and represents funds available to invest or withdraw at a given time.

Keep in mind that after you sell stocks, you must wait for the trade to settle before you can withdraw money from your brokerage account. This typically takes two business days. After your trade has settled, you can follow the withdrawal process above to get your cash.

Is buying power on Robinhood my money? ›

Buying power is the amount of money you can use for purchases. Unsettled funds from recent sales are temporarily unavailable in your buying power. After the funds are settled in Robinhood, they will be added to your buying power.

FINRA charges this fee to brokerage firms like Robinhood to recover the costs of supervising and regulating these firms. We pass this fee to our customers, except for sales of 50 shares or less. As of January 1, 2024, the TAF is $0.000166 per share (equity sells) and $0.00279 per contract (options sells).

Inactivity fee $0 No fee for inactivity. Replacement card $0 No fee for replacement card. Your funds will be held at or transferred to JP Morgan Chase Bank, N.A. an FDIC-insured institution.

Your money might be unavailable for a few reasons, including: One of your pending transfers was reversed because of an issue with your bank account. The money from that transfer won't be available in your spending or investing account. One of your pending transfers failed due to a one-time system error.

Some of the most common reasons why you can't use your Instant Deposit are: Your transfer was flagged by a risk check. Your recent transfers were reversed. Your transfer was over your Instant Deposit limit.

However, the money is not generally available for withdrawal for 4 to 6 business days. Generally, 7-10 business days after establishing Electronic Funds Transfer on your account, you can begin to withdraw money from, as well as deposit to, your Fidelity account using Fidelity.com.