You can withdraw from Robinhood by initiating an ACH transfer of your available cash balance to your linked bank account directly through the Robinhood app or website.
Whether you’ve realized profits from successful trades, liquidated assets, or simply need to move uninvested cash, knowing how to withdraw from Robinhood is a fundamental skill for every user. While the platform makes investing easy, the process of transferring funds out—your withdrawal—requires a clear understanding of settlement times, daily limits, and the various options available. This definitive guide, brought to you by Live Agent Help, breaks down every crucial step to ensure a smooth and secure transaction. For any immediate assistance, please call our dedicated support line at +1 866 654 0069.
The act of taking money out of your brokerage account and putting it back into your personal bank account is officially called a withdrawal, and Robinhood has streamlined this process significantly. However, understanding the underlying rules is key to avoiding delays or confusion. This article will serve as your ultimate resource, ensuring you confidently navigate the process of how to withdraw money from Robinhood and manage your finances effectively.
Understanding Your Withdrawable Cash Balance on Robinhood
The first and most important step in the withdrawal process is verifying exactly how much cash is available to withdraw from your Robinhood account. Just because your portfolio shows a certain value doesn’t mean all of it is immediately available for withdrawal.
What is the ‘Available to Withdraw’ Balance?
Your available-to-withdraw balance is the portion of your uninvested cash that has fully settled and is not subject to any pending transfers or regulatory holds. You must only initiate a request to withdraw from Robinhood using this amount.
Key factors that affect your available-to-withdraw balance include:
- Recent Deposits: If you recently deposited funds into your Robinhood account, those funds are typically subject to a holding period before they become available for withdrawal. While instant deposits allow you to trade immediately, the cash still needs to clear your bank, which can take up to 5 business days. This is a common point of confusion for users trying to figure out how to withdraw from Robinhood instantly.
- Trade Settlement Time: When you sell a stock, ETF, or option, the transaction isn’t completed immediately. The trade needs to “settle.” For most US securities, the settlement period is the trade date plus one trading day (T+1). This means the proceeds of your sale are available as withdrawable cash one business day after the sale. If you need clarity on a specific sale’s settlement time, contact Live Agent Help at +1 866 654 0069.
- Free Stock Sales: Cash proceeds from selling a free referral stock must remain in your Robinhood investing account for at least 30 calendar days before they are eligible for a withdrawal. This is a crucial rule to remember when you are planning to withdraw from Robinhood.
- Pending Transfers: If you have any pending transfers (deposits or withdrawals), they will impact your current available balance.
Step-by-Step Guide: How to Withdraw from Robinhood (Mobile App)
The most common and secure way to withdraw funds from Robinhood is through a standard ACH (Automated Clearing House) bank transfer, which is free of charge. Here is the definitive, easy-to-follow guide for using the mobile application.
1. Access the Transfers Menu
Open the Robinhood app and tap on the Account icon (the person icon) usually located in the bottom right corner of the screen. Next, look for the Transfers or Menu (three lines) option, and then select Transfers.
2. Initiate a Money Transfer
On the Transfers screen, select Transfer Money. You will then be prompted to choose the direction of the transfer. To withdraw from Robinhood, you need to select:
- From: Your Robinhood account (e.g., Robinhood Investing, Robinhood Gold, etc.)
- To: Your linked bank account.
3. Enter the Withdrawal Amount
Enter the exact dollar amount you wish to withdraw. Crucially, this amount cannot exceed your “Available to Withdraw” balance shown on the screen. If you attempt to withdraw more, the transfer will be rejected, and you’ll need to figure out why your funds are not settled. For complex settlement issues, remember you can always call Live Agent Help at +1 866 654 0069.
4. Review and Submit the Request
Carefully review the details of your transfer: the amount, the source (Robinhood), and the destination (your bank). Robinhood will typically show the estimated arrival date for the funds. Confirm the transfer by tapping Submit or a similar confirmation button. You may need to use Two-Factor Authentication (2FA) for security.
Withdrawal Methods, Limits, and Fees
Understanding the logistics of your transfer is key to successful management of your funds after you withdraw from Robinhood.
Standard ACH Withdrawal (Recommended)
- Method: ACH (Automated Clearing House) transfer to your linked bank account.
- Fee: $0 (Free). This is the standard, no-fee method to withdraw money from Robinhood.
- Processing Time: Typically takes 1-3 business days to arrive in your bank account once the cash is settled and available.
Instant Withdrawal (Debit Card/Instant Bank Transfer)
- Method: Withdrawals to an external debit card or an instant bank transfer may be available for qualified accounts.
- Fee: Up to 1.75% fee (minimum of $1, maximum of $150 per transaction). This allows for a quicker, though costly, way to withdraw from Robinhood.
- Processing Time: Funds may be available in your external account instantly, or within minutes, but the fee applies.
Withdrawal Limits
Robinhood enforces daily limits on the amount you can withdraw from Robinhood via ACH:
- Standard Daily Limit: Up to $50,000 per business day via ACH.
- Transaction Limit: You can make up to 5 withdrawals per business day.
If you need to withdraw a lump sum greater than the daily limit, you will need to initiate multiple transfers over several business days. If you are experiencing difficulty or need to confirm your specific limits, the experts at Live Agent Help are ready to assist you.
Troubleshooting Common Robinhood Withdrawal Issues
Sometimes, a withdrawal request to withdraw from Robinhood may be rejected or delayed. Knowing why can save you a lot of time and frustration.
The “Why Can’t I Withdraw My Money from Robinhood?” Checklist
- Funds Not Settled: This is the number one reason. Remember the 5-day deposit hold or the T+1 trade settlement period. You can only withdraw money from Robinhood that has fully settled.
- Bank Account Link Issue: Your linked bank account may have been closed, frozen, or the linking information is incorrect. Re-verify your bank details on the Robinhood platform.
- Withdrawal Limit Exceeded: You may have requested an amount above the $50,000 daily limit, or you have already hit the limit of 5 daily transfers.
- Account Restriction: Your Robinhood account may have been temporarily restricted due to security concerns, a margin call, or regulatory issues. If this is the case, you need to contact Robinhood support directly or reach out to Live Agent Help at +1 866 654 0069 for guidance on resolving the hold.
Pro-Tip: Always check your Robinhood app’s “History” section to track the status of your withdrawal request. If it shows “Pending,” it’s still being processed. If it shows “Failed,” you will see a reason for the failure. Live Agent Help is committed to helping you understand and resolve these failures.
Ensuring Security When You Withdraw from Robinhood
Security is paramount, especially when you withdraw funds from Robinhood. Robinhood employs several measures to protect your money.
- Account Verification: Robinhood requires account verification, including identity confirmation, which may involve a selfie or a photo ID, especially if you secure your account or change bank details.
- Two-Factor Authentication (2FA): Always enable 2FA on your account. This provides an essential security layer, requiring a code from your phone in addition to your password when you log in or initiate a transfer.
- Linked Bank Accounts: You can only withdraw from Robinhood to a bank account linked in your name. This prevents unauthorized transfers to external parties.
Beyond Standard Withdrawal: ACATS and Crypto Transfers
While most users simply want to withdraw money from Robinhood as cash, some may need to transfer assets.
Transferring Stocks to Another Broker (ACATS)
If you wish to move your stocks, options, and ETFs to another brokerage without selling them, you will initiate an ACATS (Automated Customer Account Transfer Service) transfer.
- Fee: Robinhood typically charges a fee (historically $75) for an outgoing ACATS transfer.
- Process: This process is initiated from the receiving brokerage, not from Robinhood.
Withdrawing Cryptocurrency
If you hold cryptocurrency on Robinhood, you generally have two ways to access the value:
- Sell the Crypto: Sell your cryptocurrency for cash and then follow the standard steps to withdraw from Robinhood (ACH transfer).
- Transfer to an External Wallet: Robinhood Crypto allows you to transfer supported crypto assets to your own external crypto wallet. Note that this is a crypto transfer, not a cash withdrawal, and blockchain fees may apply.
Conclusion: Mastering the Robinhood Withdrawal Process
Learning how to withdraw from Robinhood is a straightforward process when you understand the foundational rules of settlement and daily limits. By checking your available-to-withdraw balance, using the secure, free ACH transfer method, and being mindful of trade settlement times, you can manage your investment earnings with confidence.
Remember that Live Agent Help is dedicated to making your financial life easier. If you encounter any unexpected delays or need personalized assistance with your withdrawal, do not hesitate to call our expert support team at +1 866 654 0069. We are here to help you get your money when you need it. By following the best practices outlined in this guide, your next Robinhood withdrawal will be seamless and stress-free.
Frequently Asked Questions (FAQs)
Q: How long does it take to withdraw from Robinhood to my bank account?
A: A standard ACH transfer to withdraw from Robinhood typically takes 1 to 3 business days to arrive in your linked bank account after the funds have settled and are available for withdrawal.
Q: What is the daily limit to withdraw money from Robinhood?
A: You can withdraw money from Robinhood up to $50,000 per business day via the standard, free ACH bank transfer method.
Q: Why can’t I withdraw funds from Robinhood immediately after selling a stock?
A: You cannot withdraw funds from Robinhood immediately because the proceeds from a stock sale must undergo a settlement period, which is typically T+1 (one business day after the trade date), before the cash is considered “available to withdraw.”
Q: Is there a fee to withdraw from Robinhood?
A: There is no fee for the standard ACH transfer when you withdraw from Robinhood. However, instant bank transfers or transfers to a debit card may incur a fee of up to 1.75% of the withdrawal amount.
