Withdraw money from Robinhood | Robinhood (2024)

Withdraw money from Robinhood

Before you begin

There’s no fee for bank transfers. However, instant withdrawals to a debit card or bank account can incur up to a 1.75% fee.

To transfer money from your Robinhood account to your external debit card or bank account:

  1. Select Account (person icon)→ Menu (3 bars)
  2. Select TransfersTransfer money
  3. Choose the Robinhood account you want to withdraw money from
  4. Select a linked account to withdraw to, and if your account qualifies, an Instant transfers eligible label is shown next to the external account
  5. Enter the amount you'd like to transfer
  6. Review the withdrawal and confirm any associated fees
  7. Select Transfer


For standard bank account transfers (originated ACH):

  • Your daily withdrawal limit (amount and frequency) may vary and reset at 7 PM ET
  • You’ll see your daily withdrawal limit (amount and frequency) before you submit your transfer or by going to TransfersTransfer limits

For debit card transfers and instant bank withdrawals:

  • Your daily withdrawal limit (amount and frequency) may vary and reset at 12 AM ET
  • You’ll see your daily withdrawal limit (amount and frequency) before you submit your transfer or by going to TransfersTransfer limits

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

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 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 options trades, the settlement period is the trade date plus 1 trading day (T+1).

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 completes 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.


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 Margin investing in SettingsInvesting.

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.


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.

Withdrawal errors

Withdrawal errors

In addition to cash balance limitations, a withdrawal to your bank account can fail for a few other reasons. The most common include account restriction, transfer limits, or withdrawing to a different source.

Account restriction

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.

Transfer limits

Limits apply for different accounts, which are described after the steps at the beginning of this article. To check your withdrawal 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 (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:

  • 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 easy-to-read.
  • The amount and specific bank account for the transferred funds.

Cancel a withdrawal

Cancel a withdrawal

To cancel a pending withdrawal in your app:

  1. Select Account (person icon) → Menu (3 bars) → History
  2. In Pending, select the pending bank withdrawal you want to cancel
  3. Select Cancel transfer


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 complete.

Check out Cancel a pending standard 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.

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Still have questions? Contact Robinhood Support

Withdraw money from Robinhood | Robinhood (2024)


Why won t Robinhood let me withdraw my money? ›

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.

Is it easy to get money out of Robinhood? ›

To withdraw money from Robinhood to your bank account, simply follow these steps: Open the app, go to the menu, select “Transfers,” choose “Transfer to Your Bank,” enter the amount you wish to withdraw, review the details, and confirm.

Why does my Robinhood account say 0 withdrawable cash? ›

Why can't I withdraw money from Robinhood? You probably can't withdraw money from Robinhood because your funds are unsettled. You can only withdraw “settled funds”, money that hasn't been transacted with in the last 2 business days. This is known as Robinhood Withdrawable Cash.

Why is my Robinhood buying power not withdrawable? ›

This might initially sound strange, but there is no explicit method on how to withdraw buying power from Robinhood. This is no fault of the company, but rather it is because buying power is more of a concept. It is the culmination of wealth in your account that you can use to buy other assets.

Why is my money stuck in Robinhood? ›

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.

How much can you transfer from Robinhood to bank? ›

Withdrawal and deposit limits
TypeDepositsTransaction limit
Originated ACH$50,000 or $250,000 daily5 deposits, 5 withdrawals
Non-originated ACH$250,000 dailyN/A
Moneysend$5,000$5,000 weekly
ATM$510$510 daily, $5,000 monthly
2 more rows

How do I withdraw a large amount of money from Robinhood? ›

To withdraw money from Robinhood, follow the steps mentioned below:
  1. Log in to your account by opening Robinhood's app or website.
  2. You can find your current balance and banking options by selecting the Account option in the menu.
  3. Select the amount of cash that you want to transfer.
  4. Choose the destination of your funds.
Jan 25, 2024

What is the penalty for withdrawing money from Robinhood? ›

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.

Why is my brokerage cash not withdrawable? ›

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.

How long after selling stock can you withdraw? ›

Proceeds from selling a stock or security will settle in your brokerage account 2 business days after the sale. Once the proceeds from your sales have settled, they will be available to withdraw.

Why is my withdrawable amount less than the total cash? ›

The balance available for withdrawal may be less than your total Cash Balance. For example, for a margin account, cash balances are being used to satisfy your margin requirement, or for a cash account, any portion of that balance represents proceeds from trades that have not yet settled.

Why does Robinhood keep saying not enough buying power? ›

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.

Why can't i withdraw my stock? ›

Sold Stock:

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.

How do I close my Robinhood account and get my money? ›

Close your account

You can request to close your Robinhood investing account positions and withdraw your money from within the app or on the web: Select Account (person) → Settings. Select Account Information → Deactivate Account. Follow the steps to close all your account positions and withdraw your outstanding ...

How do I get my buying power out of Robinhood? ›

How To Withdraw Buying Power From Robinhood To Bank
  1. Step 1: Open the Robinhood App or Website. ...
  2. Step 2: Log in to Your Account. ...
  3. Step 3: Navigate to the Account Menu. ...
  4. Step 4: Select "Transfer" ...
  5. Step 5: Choose "Transfer to Your Bank" ...
  6. Step 6: Enter Transfer Details. ...
  7. Step 7: Confirm and Submit. ...
  8. Step 8: Wait for Processing.
Oct 20, 2023

Why do I have no cash available to withdraw fidelity? ›

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.

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