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 amount you want to withdraw, and confirm the request. Robinhood then sends the money to that bank account — the timing depends on your bank, but most transfers land within one to three business days.

The money you can withdraw is your cash balance — the dollars sitting in your account that aren't tied up in stocks, options, or other investments. If you want to move money that's currently in a stock position, you have to sell that stock first, wait for the sale to settle (usually two business days), and then withdraw the cash.

You don't need to close your Robinhood account to withdraw money. You can take out part of your balance and leave the rest there, or withdraw everything and keep the account open for future trading.

Key Takeaways

  • You can only withdraw cash that's not invested in stocks or options — if your money is in a position, you must sell it first and wait for settlement.
  • Withdrawals go to the bank account you linked during signup, and most arrive within one to three business days depending on your bank.
  • You access the withdrawal tool through Account > Transfers > Transfer to Your Bank, and you can withdraw part or all of your cash balance.
  • Selling a stock takes two business days to settle before the cash is available to withdraw, so plan ahead if you're on a timeline.
  • Robinhood does not charge a fee to withdraw money, but your bank may charge a fee for receiving an incoming transfer.

Selling Stocks Before You Can Withdraw

If your money is in a stock position, you cannot withdraw it directly. You have to sell the stock first. Open the stock in your Robinhood app or website, tap or click "Sell," enter the number of shares you want to sell, review the price, and confirm the sale.

Once you sell, the transaction enters a settlement period that lasts two business days. During this time, the sale is final but the cash is not yet available in your account. After two business days pass, the cash from the sale moves into your cash balance and you can withdraw it. If you sell on a Friday, for example, the cash settles on Tuesday and you can withdraw it then.

Weekends and market holidays extend the settlement window. If you sell on a Friday afternoon, the two business days are Monday and Tuesday, so the cash is available Wednesday. If you sell on the day before a market holiday, the settlement clock includes that holiday as a non-business day.

Linked Bank Accounts and Withdrawal Limits

Robinhood only sends withdrawals to the bank account you linked when you created your account. That account must be in your name — you cannot withdraw to someone else's account. If you want to withdraw to a different bank account, you have to link that account first through the Account settings, wait for Robinhood to verify it (usually one to two business days), and then you can use it for withdrawals.

Robinhood does not set a maximum withdrawal amount, but your bank may have limits on how much money it will accept in a single incoming transfer. Check with your bank if you're withdrawing a large sum. Some banks also limit the number of transfers you can receive in a month, so if you withdraw frequently, confirm your bank's policy.

If you have a Robinhood Gold subscription (margin account), you may have unsettled funds or margin debt that affects how much you can withdraw. Robinhood will show you your available cash balance in the app — that's the amount you can actually move out. If the number seems lower than you expected, check whether you have open positions, pending trades, or margin debt.

How Long Withdrawals Take

After you request a withdrawal, Robinhood processes it within one business day. The money then travels from Robinhood's bank to your bank, which typically takes one to two more business days. In most cases, you see the money in your account within one to three business days total.

Some banks are slower than others. Credit unions and smaller regional banks sometimes take longer than major national banks. If your withdrawal hasn't arrived after five business days, contact your bank's customer service — the delay is usually on their end, not Robinhood's.

Weekends and holidays pause the clock. If you request a withdrawal on Friday, Robinhood may not process it until Monday, and your bank may not receive it until Wednesday or Thursday. Plan ahead if you need the money by a specific date.

Withdrawing From a Joint Account

If you have a joint Robinhood account with another person, both account holders can request withdrawals, but the money goes to the bank account linked to the account — not to individual accounts. The withdrawal is made from the shared cash balance, so either person can reduce the balance available to the other.

If you and a joint account holder disagree about withdrawals, Robinhood will not mediate. The account agreement you both signed when opening the account governs who has the right to withdraw. If you're concerned about unauthorized withdrawals, you can change the linked bank account or contact Robinhood support to discuss account security.

What Happens to Dividends and Interest During a Withdrawal

If you have stocks that pay dividends, those dividends land in your cash balance a few days after the ex-dividend date. You can withdraw dividend money just like any other cash. If you request a withdrawal before a dividend arrives, the dividend will still be deposited to your account after the withdrawal completes — it doesn't disappear.

Robinhood also offers cash management features that pay interest on uninvested cash. That interest accrues daily and is added to your cash balance. You can withdraw interest money the same way you withdraw any other cash, and interest continues to accrue on the remaining balance.

Frequently Asked Questions

Can I withdraw money if I have unsettled funds?

No. Unsettled funds are money from recent stock sales that are still in the two-day settlement period. Robinhood shows your "available to withdraw" balance separately from unsettled funds. You can only withdraw the available balance. Wait for trades to settle, then withdraw.

Does Robinhood charge a fee to withdraw money?

Robinhood does not charge a withdrawal fee. However, your bank may charge a fee for receiving an incoming transfer from another institution. Check your bank's fee schedule or contact them directly to confirm whether they charge for incoming transfers.

What if my bank account information changed?

Log into your Robinhood account, go to Account > Transfers, and update your linked bank account. You'll need to verify the new account, which usually takes one to two business days. Once verified, you can withdraw to that account. Do not attempt to withdraw to an unverified account.

Can I withdraw money if I have a negative balance or margin debt?

No. If you owe Robinhood money (through margin debt or a negative balance), you cannot withdraw until the debt is paid off. Deposit cash to cover the debt first, then you can withdraw any remaining available balance.

How do I know if my withdrawal went through?

After you request a withdrawal, Robinhood sends you a confirmation. Check your email for that confirmation, and then monitor your bank account for the incoming transfer. If you don't see the money after five business days, contact your bank to confirm they received it.