You can withdraw cash from Robinhood to your linked bank account, but the money takes time to arrive and comes with rules about when you can move it

Robinhood lets you move cash out of your brokerage account back to the bank account you connected during setup. The withdrawal itself takes a few minutes to request, but the money typically arrives in your bank account within one to three business days. The main constraint is that you cannot withdraw money that is tied up in unsettled trades — stocks and options you bought settle two business days after you sell them, and you cannot touch that cash until settlement is complete.

If you have a Robinhood Gold margin account, you also need to make sure your account balance does not drop below the $2,000 minimum required to keep the account open. Withdrawing below that threshold will close your margin privileges and convert you to a standard cash account.

Key Takeaways

  • Withdrawals go to the bank account you linked when you opened your Robinhood account, and you cannot change the destination bank without contacting support.
  • Money from stock and options sales takes two business days to settle before you can withdraw it, even though you see it in your account when ready.
  • The withdrawal request itself processes within minutes, but the money appears in your bank account one to three business days later depending on your bank.
  • Robinhood Gold accounts must maintain a $2,000 minimum balance, and withdrawing below that amount closes your margin account permanently.

How to request a withdrawal through the Robinhood app

Open the Robinhood app and tap the Account icon at the bottom right. Select "Transfers" and then tap "Withdraw." Choose the amount you want to move and confirm the withdrawal. Robinhood will show you the estimated arrival date based on your bank's processing speed. Tap "Submit" to complete the request.

The withdrawal request goes through when ready, but the money does not leave Robinhood's system right away. Robinhood initiates the transfer to your bank within one business day, and your bank then takes one to two more business days to post it to your account. Weekend and holiday delays can extend this timeline.

Understanding settlement and why you cannot withdraw unsettled cash

When you sell a stock or option on Robinhood, the sale settles two business days later. During those two days, the cash appears in your account and you can see it in your balance, but it is not actually yours to withdraw yet — it belongs to the clearing house until settlement completes. If you try to withdraw unsettled cash, Robinhood will reject the request or only let you withdraw the settled portion of your balance.

This rule exists because the sale could theoretically fail during settlement, and Robinhood would need to reverse the cash. In practice, settlement failures are rare, but the two-day hold is a legal requirement for all brokerages, not a Robinhood policy.

To check which of your cash is settled, open the app, go to Account, and look at your buying power. The amount shown there is what you can actually withdraw or use to buy more securities. Your total account balance may be higher because it includes unsettled cash.

Changing your linked bank account

You cannot change your linked bank account through the Robinhood app. If you need to withdraw to a different bank, you must contact Robinhood support through the app or website. Go to Account, scroll to Help, and select "Contact Us." Explain that you want to change your withdrawal bank, and support will walk you through verification steps to confirm your identity and the new bank details.

Robinhood requires this manual process to prevent fraud. The verification can take a few business days, so plan ahead if you are moving to a new bank and want to withdraw soon.

What happens if you have a margin account balance below $2,000

Robinhood Gold is a margin account that requires a $2,000 minimum balance to stay open. If you withdraw money and your balance drops below $2,000, Robinhood will automatically close your margin account and convert you to a standard cash account. This conversion is permanent — you cannot reopen margin privileges on the same account.

Before you withdraw, check your total account value in the Account section. If it is close to $2,000 and you have margin enabled, withdrawing could trigger the conversion. You can still hold stocks and options in a cash account, but you lose the ability to borrow money to buy securities.

Withdrawal fees and limits

Robinhood does not charge a fee to withdraw money to your bank account. There is no daily or monthly limit on how much you can withdraw, as long as the cash is settled and available. You can withdraw your entire account balance if you want, though doing so will close any open positions you have (stocks or options you still own).

Your bank may charge a fee for receiving an incoming wire transfer, though most banks do not. Check with your bank if you are unsure.

Frequently Asked Questions

Why is my withdrawn money taking longer than three business days to arrive?

Your bank may be processing the transfer more slowly than usual, especially if you withdrew on a Friday or before a holiday. Contact your bank to confirm they received the transfer from Robinhood. If Robinhood initiated the transfer but your bank never received it, Robinhood support can investigate and resubmit the request.

Can I withdraw money if I have unsettled trades?

You can withdraw your settled cash, but not the unsettled portion. Robinhood shows your settled buying power separately from your total balance. Wait two business days after selling a stock or option before trying to withdraw the proceeds, or withdraw only the amount that shows as settled.

What if I accidentally withdrew below the $2,000 minimum on my margin account?

Your margin account will convert to a cash account automatically. You cannot reverse this conversion or reactivate margin on the same account. You would need to open a new Robinhood account if you want margin privileges again, though you can keep using your current account as a standard cash account.

Do I have to withdraw to the same bank I linked when I opened my account?

Yes, unless you contact Robinhood support to change your linked bank. Support can update your bank details, but the process requires identity verification and takes a few business days. Plan ahead if you are switching banks and want to withdraw soon.