Withdraw money from Robinhood
To transfer money from your Robinhood account to your bank account:
- Select Account (person icon)→ in the app, select Menu (3 bars)
- Select Transfers → Transfer money
- Select a linked account to withdraw to
- Enter the amount you'd like to withdraw
- Review and confirm the withdrawal
Keep in mind
You can’t cancel an initiated or pending withdrawal. Robinhood doesn’t charge foreign exchange (FX) fees, but implicit third-party costs of 0.03% are included in the applicable British Pound Sterling (GBP) to US Dollar (USD) exchange rate.
Withdrawal submissions occurring inside the transfer window of Sunday at 10 PM GMT (5 PM ET) through Friday at 9:45 PM GMT (4:45 PM ET) start processing right away with the current FX rate.
However, due to FX hours, any withdrawals made during weekend hours will show as pending until the transfer window opens again.
Note
Weekend withdrawals will use the last available FX rate received on Friday at 9:45 PM GMT.
Withdrawable cash is what’s available to withdraw from your account. However, the following limits and exclusions may apply depending on your account activity:
- Limits
- Settlement period
- Pending deposits
- Cash held for pending orders
- Referral stock
Limits
The following are your withdrawal limits:
- A maximum of 5 withdrawal attempts each day
- $100,000 for a transaction
- $0.01 minimum transfer amount for each transaction
Settlement period
Following a sale in your brokerage account, the transaction usually needs to settle, which takes 1 business day, before you can withdraw the proceeds to your bank account.
Pending deposits
For pending deposits, you must wait until the deposit completes before you can withdraw it from your account. Deposit and withdrawal times may vary, such as for bank holidays and during weekend hours.
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 trade orders.
Referral stock
The cash value from a referral stock needs to remain in your brokerage 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.
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.
In addition to cash balance limitations, a withdrawal to your bank account can also fail for other reasons. The most common include account restriction 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.
Withdrawing to a different source
If you want to withdraw money to a different bank account than who you originally deposited from, you’ll need to link to it with a new deposit. Check out Link your accounts for more details.
Robinhood U.K. Ltd (Robinhood UK) is authorised and regulated by the Financial Conduct Authority (FRN: 823590). Robinhood UK onboards UK customers and has the lead customer relationship with UK customers in relation to their use of the Robinhood UK app and website. Robinhood UK introduces UK customers to Robinhood Securities, LLC for order routing, execution, clearing, settlement, arranging custody services and margin lending to eligible UK customers with margin accounts. Robinhood Securities, LLC is regulated in the US by the SEC and FINRA. Robinhood UK and Robinhood Securities, LLC are subsidiaries of Robinhood Markets, Inc.
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FAQs
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.
Can you withdraw all your money from Robinhood? ›
Robinhood Gold or Instant users may have instant settlement for quick withdrawals after selling stocks, ETFs, or options. Withdrawal limit: You can make up to 5 transfers per business day. Daily limit: You can withdraw up to $50,000 per business day. For more, you'll need to do lump sum withdrawals.
Why does my Robinhood account say 0 withdrawable cash? ›
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.
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 Robinhood account restricted from withdrawal? ›
Your Robinhood investing account might be restricted for a number of reasons, including the following: Company control person. Bank transfer reversals. Incorrect or outdated account information.
How do I cash out stocks on Robinhood? ›
- Go to the stock's detail page. ...
- Select Sell.
- In Sell In, select either Dollars or Shares, or change the order type, and then enter the amount to sell.
- Select Review Order and confirm that all the details are correct or select Edit.
- If all looks good, select Sell.
Withdrawal and Deposit Limits
| Type | Daily Limit | Monthly Limit |
|---|
| Originated ACH Deposits & Withdrawals | $50,000 | N/A |
| Non-Originated ACH Deposits & Withdrawals | $250,000 | N/A |
| MoneySend Deposits | N/A | N/A |
| ATM Withdrawals | $1,010 | $5,000 |
Withdrawals. When withdrawing money from your spending or investing account, it depends on what type of account you're transferring money to: 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.
Is it safe to keep large amounts of money in Robinhood? ›
Your securities and cash are protected by SIPC
Robinhood Financial LLC and Robinhood Securities, LLC are both members of SIPC, which protects securities for customers of its members up to $500,000 (including $250,000 for claims for cash) for each investing account, including IRAs.
How do I get my Robinhood balance to zero? ›
To bring your balance to zero, you need to follow the steps below:
- Close any open positions you have by selling all your assets.
- Another option is to transfer your entire portfolio to another broker.
- Withdraw all your cash from the account.
Unless your bank has set a withdrawal limit of its own, you are free to take as much out of your bank account as you would like. It is, after all, your money. Here's the catch: If you withdraw $10,000 or more, it will trigger federal reporting requirements.
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'll be added to your buying power.
Why can't I take my money out of Robinhood? ›
Before you can process any withdrawals through Robinhood, your funds need to “settle”, which means that at least 2 trading days need to pass before your sale funds will turn into withdrawable funds.
How long does it take for buying power to become withdrawable cash? ›
Once all activity in an account settles, buying power and withdrawable cash will be equal. A security you sell will typically settle one (1) business day after your trade date. The one-day settlement cycle is a regulatory requirement set by the Securities and Exchange Commission.
What is a good faith violation? ›
A good faith violation occurs when you buy a security and sell it before paying for the initial purchase in full with settled funds. Only cash or the sales proceeds of fully paid for securities qualify as “settled funds.”
Why is my Robinhood instant transfer not working? ›
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.
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 contact Robinhood immediately? ›
Only request phone or chat support from Robinhood through the app or at robinhood.com/contact. At this time, we do not have a direct dial support phone number that will connect you to a live agent. Only download and use the authentic Robinhood app available in the Google Play store and Apple App Store.
Is there a limit on Robinhood wire transfers? ›
There is no limit on the amount of money you can wire transfer from your Robinhood account. However, there may be fees associated with wire transfers, and the transfer may take several business days to process.
