The basic steps to move money out of Robinhood

To withdraw money from Robinhood, you log into your account, go to the Account menu, select "Transfers," and choose "Transfer to Your Bank." You'll pick the bank account you linked when you opened your Robinhood account, enter the dollar amount, and submit the request. Robinhood then sends the money to that bank account — the transfer typically takes one to three business days, though it can occasionally take longer depending on your bank.

You can only withdraw money that is actually available in your account. If you have unsettled cash (money from a recent stock sale that hasn't cleared yet), you won't be able to withdraw it until the settlement period ends. For stock sales, that's usually two business days. You also cannot withdraw money that's tied up in open positions — if you own shares or have an open options contract, that value stays in your account until you sell.

Robinhood does not charge a fee to withdraw money to your bank account. Your bank might charge a fee for receiving an incoming transfer, but that's rare for standard transfers.

Key Takeaways

  • Withdrawals go to the bank account you linked when you opened your Robinhood account, and the transfer takes one to three business days.
  • You can only withdraw cash that has settled — money from stock sales takes two business days to settle and cannot be withdrawn before then.
  • Money held in open stock or options positions cannot be withdrawn until you sell those positions.
  • Robinhood charges no withdrawal fee, though your bank may charge a fee for receiving the transfer.
  • If your linked bank account is closed or outdated, you'll need to update it in your Account settings before you can withdraw.

What "settled" cash means and why it matters

When you sell a stock or option on Robinhood, the sale doesn't give you access to that money right away. The money enters a settlement period, which is a waiting time built into how stock markets work. For most stock sales, settlement takes two business days. For options, it's one business day. During this time, the money is in your account but marked as "unsettled" — you can see it, but you cannot withdraw it or use it to buy new stocks.

This rule applies even if you sold the stock on a Monday morning. If Monday and Tuesday are business days, your money settles on Wednesday and becomes available to withdraw. If you sold on a Friday, settlement happens on Monday (since Saturday and Sunday don't count as business days).

Robinhood shows you which cash is settled and which is unsettled in your Account menu under "Cash." If you try to withdraw more than your settled cash balance, the withdrawal will be rejected.

Linking and updating your bank account

Robinhood withdrawals only go to the bank account you linked during account setup. If you want to withdraw to a different bank account, you need to add it first. Go to Account, select "Transfers," and look for an option to add a new bank account. Robinhood will ask for your routing number and account number — you can find these on a check, in your bank's mobile app, or by calling your bank.

After you add a new bank account, Robinhood typically requires a verification step. The most common method is micro-deposits: Robinhood sends two small deposits (usually under a dollar each) to your bank account, and you confirm the exact amounts in your Robinhood app. This usually takes three to five business days. Once verified, you can withdraw to that account.

If your original linked bank account is closed or you no longer have access to it, update it in your Account settings before you try to withdraw. A withdrawal to a closed account will fail and the money will return to your Robinhood account, though this can take several days.

Partial withdrawals and minimum amounts

You can withdraw any amount from your settled cash balance — there is no minimum withdrawal. You could withdraw $5 or $5,000; Robinhood will process both the same way. However, your bank might have its own rules about minimum transfer amounts, so check with them if you're planning a very small withdrawal.

You can also make multiple withdrawals. There's no limit on how many times per day or per week you can withdraw, as long as you have settled cash available. If you withdraw $500 on Monday and another $300 on Wednesday, both will process normally.

What happens if a withdrawal fails or takes too long

A withdrawal can fail for a few reasons: your bank account information is wrong or outdated, your bank rejected the transfer, or you tried to withdraw more than your settled cash balance. When a withdrawal fails, Robinhood returns the money to your account within one to three business days. You'll see a notification in your Account menu explaining why it failed.

If a withdrawal is taking longer than three business days, check your bank account first — sometimes the money arrives but takes longer to post. If it hasn't arrived after five business days, contact Robinhood support through the app. They can look up the transfer status and tell you whether it's stuck on their end or your bank's end.

Robinhood's support team can be reached through the Help section in the app or through their website. Response times vary, but they typically reply within one to two business days.

Withdrawing when you have margin or unsettled trades

If you have a Robinhood Gold account (which offers margin borrowing), your withdrawal limit is based on your buying power, not your total account value. Buying power is the cash you actually own plus any margin you're allowed to borrow. You can only withdraw the cash portion, not the borrowed portion. If you've borrowed margin and used it to buy stocks, you cannot withdraw that money until you sell the stocks and pay back the margin.

If you have pending trades — orders you've placed but that haven't filled yet — those don't affect your ability to withdraw. You can withdraw settled cash even while you have open buy or sell orders. However, if a pending buy order fills, it will use cash from your account, which might reduce the amount you can withdraw.

Frequently Asked Questions

Can I withdraw money on weekends or holidays?

You can submit a withdrawal request any time, but Robinhood only processes withdrawals on business days. If you submit a withdrawal on Saturday, it won't process until Monday. The one to three business day timeline starts from when Robinhood actually processes the request, not when you submit it.

What if I want to withdraw money but keep my Robinhood account open?

You can withdraw all your cash and keep your account open with a zero balance. There's no minimum balance required to keep an account active. If you own stocks or options, you can withdraw only the cash portion and leave the positions in place.

Do I have to withdraw all my money at once?

No. You can withdraw part of your cash and leave the rest in your account. You can also make multiple withdrawals over time. Each withdrawal follows the same one to three business day timeline.

What if my bank account is in a different country?

Robinhood only withdraws to U.S. bank accounts. If you have a non-U.S. bank account, you'll need to set up a U.S. account first or use a service that converts U.S. transfers to your home country's currency.

Can I withdraw to a debit card or PayPal instead of a bank account?

No. Robinhood only withdraws to linked bank accounts. You cannot withdraw directly to a debit card, PayPal, or any other payment service. Your money must go to a checking or savings account first.