Withdraw money from Robinhood | Robinhood (2024)

To transfer money from your Robinhood account to your bank account:

1. Select Account (person icon)→ in the app, select Menu (3 bars)
2. Select Transfers → Transfer money
3. Select a linked account to withdraw to
4. Enter the amount you'd like to withdraw
5. Review and confirm the withdrawal

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.

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.

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.

Was this article helpful?

Reference No. 3478877