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:
Note
For standard bank account transfers (originated ACH): For debit card transfers and instant bank withdrawals:
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:Exclusions that apply Investing Retirement Spending Settlement period Yes Yes N/A Pending deposits Yes Yes Yes Cash held for pending orders Yes Yes N/A Referral stock Yes N/A N/A Margin investing Yes N/A N/A Options collateral Yes Yes N/A Pending debit card transactions N/A N/A Yes Round-ups N/A N/A Yes
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 and options trades is the trade date plus 1 trading day (T+1), sometimes referred to as regular-way settlement. On the 2nd day, those proceeds will be available as withdrawable cash. 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. 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. 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.Settlement period
Pending deposits
Cash held for pending orders
Referral stock
Example
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.
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 it by going to Account (person icon) → in the app, Menu (3 bars) → Investing → Margin investing. 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. 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.Margin investing
Options collateral
Pending debit card transactions
Round-ups
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
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. 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 same exclusions that apply to withdrawals also apply to transfers between Robinhood accounts. To check your transfer limit, go to Transfers → Transfer limits. 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:Account restriction
Transfer limits
Withdrawing to a different source
Cancel a withdrawal
To cancel a pending withdrawal in your app:
Note
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.
Disclosures
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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