The basic steps to withdraw cash from Robinhood
To withdraw money from Robinhood, you transfer it from your Robinhood account back to the bank account you linked when you opened it. The process takes place entirely in the Robinhood app or website — you select how much to move, confirm the transfer, and the money arrives at your bank in one to three business days. Robinhood does not charge a fee for withdrawals.
The money you can withdraw is your cash balance — the dollars sitting in your account that are not invested in stocks, options, or crypto. If you own investments, you must sell them first to turn them into cash before you can move that money out.
You can only withdraw to a bank account in your own name that you have already connected to Robinhood. You cannot withdraw to someone else's account, to a credit card, or to a wire transfer address.
Key Takeaways
- Withdrawals go only to the bank account you linked during signup, and take one to three business days to arrive.
- You can withdraw your full cash balance at any time with no fee, but you must sell investments first if you want that money out.
- Robinhood holds your withdrawal for one business day if you have made a deposit in the past five business days, a rule called the Good Faith Violation policy.
- If you have an unsettled trade (a sale that has not yet cleared), you cannot withdraw the proceeds until the trade settles, which takes two business days.
- Withdrawals initiated before 3 p.m. ET on a business day usually process that same day; after 3 p.m. or on weekends, they process the next business day.
How to start a withdrawal in the Robinhood app
Open the Robinhood app and tap the Account icon at the bottom right. Tap "Transfers" and then select "Withdraw." You will see your available cash balance — this is the amount you can move out right now. Enter the dollar amount you want to withdraw and tap "Review." Confirm the amount and the bank account it will go to, then tap "Withdraw" again to send it.
On the Robinhood website, log in and click your account name in the top right corner. Select "Account Settings," then "Transfers," then "Withdraw." The steps are the same: enter the amount, review it, and confirm.
Once you submit the withdrawal, you will see a confirmation screen with a reference number. Robinhood will also send you an email confirming the transfer. You do not need to do anything else — the money will arrive at your bank automatically.
When your withdrawal will actually arrive
Robinhood says withdrawals take one to three business days, but the timing depends on when you submit it and whether your account has any holds. A withdrawal you submit before 3 p.m. ET on a Monday through Friday usually leaves Robinhood the same day and arrives at your bank the next business day. If you submit after 3 p.m. ET or on a weekend, it processes the next business day and arrives one or two days after that.
Your bank may also add time. Some banks post transfers when ready; others hold them for a day or two. Check your bank's transfer policy if you are waiting longer than three business days.
If you have made a deposit to Robinhood in the past five business days, Robinhood will hold your withdrawal for one business day before sending it. This is called the Good Faith Violation policy and exists to prevent fraud. The hold does not stop you from withdrawing — it just delays when the money leaves Robinhood.
Unsettled trades and why you cannot withdraw yet
When you sell a stock or option on Robinhood, the sale does not settle when ready. It takes two business days for the money to become available in your cash balance. Until it settles, you cannot withdraw those proceeds.
If you try to withdraw and see a message that says "Unsettled funds," it means you have a recent sale that has not cleared yet. You can still withdraw your other cash, but not the money from that trade. Wait two business days from the sale date and try again.
Crypto sales settle faster — usually within one business day — so you may be able to withdraw crypto proceeds sooner than stock proceeds.
Linked bank accounts and changing where money goes
Your withdrawal always goes to the bank account you linked when you opened your Robinhood account. If you want to withdraw to a different bank account, you must link that account first.
To add a new bank account, go to Account Settings, then Transfers, then "Link a Bank Account." Enter the account number and routing number for the new account. Robinhood will send two small deposits (usually under $1 each) to that account to verify you own it. Check your bank statement, find those two amounts, and enter them in Robinhood to confirm the link. This process takes one to two business days.
Once the new account is verified, you can choose it as the destination for your next withdrawal. You can link multiple accounts, but each withdrawal goes to only one account at a time.
What happens if your withdrawal fails
A withdrawal can fail if your linked bank account is closed, if the account number is wrong, or if your bank rejects the transfer for another reason. If this happens, Robinhood will return the money to your cash balance and send you an email explaining why.
Check that your bank account number and routing number are correct in Robinhood's settings. If they are wrong, update them and try the withdrawal again. If your bank account is closed, you will need to link a different account before you can withdraw.
If you see an error message when you try to withdraw, take a screenshot and contact Robinhood support through the app. Tap Account, then Help, then select your issue from the list.
Withdrawals and taxes
Withdrawing money from your Robinhood account does not trigger a tax event by itself. You only owe taxes on the gains when you sell an investment, not when you move the cash out. However, if you sold investments at a profit during the year, you will owe capital gains tax on those profits regardless of whether you withdraw the money.
Robinhood sends you a tax document (Form 1099) at the end of the year if you sold investments or received dividends. This form shows your gains and losses. You will use it to file your taxes, but the withdrawal itself has no tax consequence.
Frequently Asked Questions
Can I withdraw money on weekends or holidays?
You can submit a withdrawal request anytime, but Robinhood only processes withdrawals on business days. If you submit on a Saturday, Sunday, or holiday, it will process on the next business day. The money then takes one to three business days to arrive at your bank.
What is the maximum amount I can withdraw at once?
Robinhood does not set a maximum withdrawal amount. You can withdraw your entire cash balance in one transfer if you want. Your bank may have its own limits on incoming transfers, so check with them if you are moving a very large amount.
Do I have to withdraw all my cash or can I withdraw part of it?
You can withdraw any amount up to your full cash balance. You do not have to empty your account. Many people keep some cash in Robinhood to buy investments and withdraw the rest.
Why does Robinhood say I have unsettled funds?
Unsettled funds are money from a recent sale that has not yet cleared. Stock and option sales take two business days to settle; crypto sales usually take one. You cannot withdraw unsettled funds until they settle, but you can withdraw other cash in your account.
Can I cancel a withdrawal after I submit it?
If you cancel within a few minutes of submitting, you may be able to stop it. Open the Transfers section and look for a "Cancel" button next to your pending withdrawal. If the withdrawal has already left Robinhood, you cannot cancel it — the money is on its way to your bank and will arrive as scheduled.