How to transfer money from Robinhood to your bank account
To move cash from Robinhood to your bank, you use the transfer feature in the app or website. Robinhood calls this a "withdrawal" when money leaves the platform. The process takes three to five business days, and you can only transfer money that is fully settled — not money that is still waiting for a trade to complete or a deposit to clear.
You must link a bank account to Robinhood before you can transfer money out. Robinhood verifies the account by making two small deposits (usually under $1 each) to your bank, which you then confirm in the Robinhood app. Once verified, transfers happen automatically without additional confirmation steps.
The amount you can transfer depends on your account history and Robinhood's internal limits, which are not published. If you try to transfer more than your limit allows, Robinhood will reject the request and tell you the maximum you can move at that time.
Key Takeaways
- Money must be fully settled in your Robinhood account before you can transfer it out — unsettled cash from recent deposits or trades cannot be withdrawn.
- Your bank account must be verified through Robinhood's two-deposit confirmation process before any transfer can happen.
- Transfers take three to five business days to appear in your bank account after you initiate them in the Robinhood app.
- Robinhood does not charge a fee to transfer money to your bank, but your bank may charge a fee on its end.
Step-by-step process to withdraw cash from Robinhood
Open the Robinhood app or go to the website and log in. On the app, tap the account icon at the bottom right. On the website, click your profile icon in the top right corner.
Select "Transfers" or "Account" depending on which platform you are using. Look for an option that says "Transfer to Your Bank" or "Withdraw." Robinhood will show you the amount of cash available to transfer — this is money that has fully settled and is not tied up in open positions or pending transactions.
Enter the amount you want to transfer. If you want to move all your cash, Robinhood usually has a button to select your full balance. Review the amount and confirm. Robinhood will show you the expected arrival date, which is typically three to five business days later.
After you confirm, the transfer is submitted. You cannot cancel it when ready after submission, though Robinhood may allow cancellation within a short window — check your confirmation screen for details. Once the transfer is in progress, you can track its status in the Transfers section of your account.
What "settled" cash means and why it matters
Settled cash is money that Robinhood has confirmed is yours and available to move. When you deposit money into Robinhood, it takes one to two business days to settle. When you sell a stock or option, the proceeds take two business days to settle (this is called T+2 settlement, a rule set by the Securities and Exchange Commission, not Robinhood).
Until money is settled, Robinhood locks it in your account. You cannot transfer unsettled cash to your bank. If you try to withdraw and see a lower available balance than you expected, the difference is likely unsettled money waiting for a deposit or trade to clear.
You can see which of your cash is settled and which is pending by looking at your account balance breakdown in the app. Robinhood usually labels this as "Cash" (settled) and "Pending" or "Unsettled" (not yet available).
Linking a new bank account to Robinhood
If you have not yet linked a bank account, go to your account settings and select "Add Bank Account" or "Link Bank." Robinhood will ask for your bank's routing number and your account number. You can find both on a check or by logging into your bank's website.
After you enter this information, Robinhood sends two small test deposits to your bank account — usually $0.01 to $0.99 each. These deposits arrive within one to two business days. Once they appear in your bank account, return to Robinhood and confirm the exact amounts of both deposits.
After you confirm the amounts, your bank account is verified and ready for transfers. This verification step protects you by ensuring that only you can move money out of your Robinhood account to a bank you control.
How long transfers take and what to expect
Robinhood processes transfer requests during business hours on weekdays. If you submit a transfer on a Friday afternoon or over the weekend, it will not process until Monday. The transfer itself takes three to five business days after Robinhood submits it to your bank.
You will see the transfer status change in the Transfers section of your account. It typically moves through stages like "Pending," "In Progress," and "Completed." Once it shows "Completed," the money should be in your bank account within one business day, though some banks take longer to display deposits.
If a transfer does not arrive within five business days, contact Robinhood support through the app or website. Provide your transfer confirmation number, which appears in your transfer history. Robinhood can investigate whether the transfer was rejected by your bank or delayed in processing.
Fees and limits on transfers
Robinhood does not charge a fee to transfer money to your bank. However, your bank may charge a fee for receiving an incoming wire transfer or ACH transfer, depending on your account type and bank. Check your bank's fee schedule or contact them directly to confirm.
Robinhood does not publish its transfer limits, but the platform enforces limits based on your account history and activity. New accounts typically have lower limits than established accounts. If you hit a limit, Robinhood will tell you the maximum you can transfer and may allow you to transfer more after a waiting period.
If you need to move a large amount of money, consider breaking it into multiple transfers over several days rather than attempting one large transfer that might be rejected.
What to do if your transfer fails or gets rejected
A transfer can fail for several reasons: your bank account information is incorrect, your bank rejected the transfer, or Robinhood flagged it as suspicious. When a transfer fails, Robinhood sends a notification and the money returns to your Robinhood account as available cash.
If the failure was due to incorrect bank information, update your bank account details in Robinhood's settings and try again. If your bank rejected it, contact your bank to ask why — common reasons include a closed account, a mismatch between the name on your Robinhood account and the name on your bank account, or fraud detection on the bank's side.
If you cannot resolve the issue, contact Robinhood support through the app. Provide your transfer confirmation number and the date you attempted the transfer. Support can investigate whether the issue is on Robinhood's end or your bank's end and may be able to resubmit the transfer or suggest an alternative method.
Frequently Asked Questions
Can I transfer money from Robinhood if I have unsettled cash?
No. You can only transfer cash that is fully settled. If you have unsettled cash from a recent deposit or sale, wait for it to settle (usually one to two business days) before attempting a transfer. Robinhood shows your settled and unsettled cash separately in your account balance.
How do I know if my bank account is verified on Robinhood?
Go to your account settings and look for your linked bank accounts. If your account shows a status of "Verified" or "Active," it is ready for transfers. If it shows "Pending Verification," you still need to confirm the two test deposit amounts that Robinhood sent to your bank.
What if I entered the wrong bank account number when linking my account?
Remove the incorrect bank account from your Robinhood settings and add the correct one. You will need to verify the new account by confirming the two test deposits again. Do not attempt to transfer to the incorrect account, as the money may go to someone else's bank.
Can I transfer money from Robinhood on weekends?
You can submit a transfer request on weekends through the app, but Robinhood will not process it until the next business day (Monday). The three- to five-business-day timeline starts from when Robinhood actually processes the transfer, not when you submit it.
Is there a limit to how much I can transfer at once?
Yes, but Robinhood does not publish the exact limits. Limits vary by account and are based on your account history. If you try to transfer more than your limit allows, Robinhood will reject the request and show you the maximum amount you can transfer at that time.