Withdraw money from Robinhood | Robinhood (2024)

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

1. Select Account (person icon)→ Menu (3 bars) or Settings (gear)
2. Select Transfers → Transfer 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, you’ll see Instant transfers eligible next to the external account (in app only)
5. Enter the amount you'd like to transfer
6. Review the withdrawal and confirm any associated fees
7. Select Transfer

Settlement period

Following a sale in your brokerage 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 brokerage 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.

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 Settings → Investing.

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.

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.

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 Transfers → Transfer 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.

To cancel a pending withdrawal in your app:

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

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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