How to move cash from Robinhood to your bank
To transfer money from Robinhood to your bank account, you log into the Robinhood app or website, go to the Account menu, select "Transfers", choose "Transfer to Your Bank", enter the amount, and confirm. The money moves to the bank account you linked when you opened your Robinhood account. Most transfers take one to three business days, though some take longer depending on your bank.
You can only transfer money that is already in your Robinhood cash balance — not stocks or other investments. If you have unsettled cash (money from a recent sale that hasn't cleared yet), Robinhood may not let you transfer it when ready. You also cannot transfer more than your available cash balance.
Key Takeaways
- Transfers from Robinhood to your bank happen through the Account menu under "Transfers" and typically take one to three business days.
- You can only transfer cash that is already settled in your Robinhood account, not money from recent stock sales that are still clearing.
- The bank account you transfer to must be the same one you linked to Robinhood when you opened your account.
- Robinhood does not charge a fee to transfer money out, but your bank may charge a fee on its end.
Step-by-step transfer process
Open the Robinhood app or go to robinhood.com and log in. Tap or click the Account icon (usually at the bottom right on the app, or in the top left on the website). From there, select "Transfers" or "Transfer Funds".
Choose "Transfer to Your Bank" from the options shown. Enter the dollar amount you want to move. Review the details — the amount, the bank account it will go to, and the estimated arrival date. Confirm the transfer. Robinhood will send a confirmation to the email address on your account.
The transfer begins processing when ready, but the money does not arrive in your bank account right away. Robinhood's part takes one business day. Your bank then takes an additional one to two business days to receive and post the funds. Weekend and holiday delays can extend this timeline.
What "settled" cash means and why it matters
When you sell a stock on Robinhood, the cash from that sale does not become available to transfer right away. Robinhood holds it for one to two business days while the sale settles — a standard process in the stock market where the buyer's payment actually clears. During this settlement period, Robinhood shows the cash in your account, but it is marked as "unsettled" or "pending".
You cannot transfer unsettled cash out of Robinhood. If you try, the app will show you only your settled cash balance and prevent you from entering an amount larger than that. Once the settlement period ends, the cash becomes settled and you can transfer it. This is why timing matters if you sell stocks and when ready want the money in your bank.
Linked bank accounts and transfer limits
Robinhood only transfers money to the bank account you linked during account setup. You cannot change the destination account through the transfer screen itself. If you want to transfer to a different bank account, you need to update your linked bank account in your Account settings first, then wait for Robinhood to verify the new account (usually one to two business days) before you can transfer to it.
Robinhood does not publish a single maximum transfer amount, but your bank may have limits on how much money it will accept in one transfer. If your transfer is very large, your bank might reject it or flag it for review. Contact your bank ahead of time if you are transferring more than several thousand dollars.
Fees and what to expect
Robinhood does not charge you a fee to transfer money out to your bank. However, your bank may charge a fee for receiving an incoming transfer, depending on your account type and the bank's policies. Check your bank's fee schedule or contact them directly to find out whether they charge for incoming transfers.
Some banks also charge fees for outgoing transfers, but that would explore if you were sending money from your bank to Robinhood, not the other way around. When you are moving money from Robinhood to your bank, the fee risk is on the bank's side only.
Troubleshooting transfers that don't arrive
If your transfer does not show up in your bank account after three business days, first check your Robinhood account to confirm the transfer actually processed. Go to Account > Transfers and look for the transaction in your history. If it shows "completed" or "sent", the money left Robinhood and your bank is responsible for the delay.
Contact your bank's customer service with the transfer date, amount, and Robinhood's confirmation number (visible in your transfer history). Banks can trace incoming transfers and tell you whether the money arrived on their end or is still in transit. If the transfer shows as "pending" or "failed" in Robinhood, try initiating a new transfer or contact Robinhood support through the app.
Frequently Asked Questions
Can I transfer money from Robinhood to a different bank account than the one I linked?
No, Robinhood only transfers to the bank account you linked during setup. To transfer to a different account, you must update your linked bank account in your Account settings first and wait for Robinhood to verify it, which usually takes one to two business days.
Why does Robinhood say I have cash but won't let me transfer it?
The cash is likely unsettled, meaning it came from a recent stock sale that is still clearing. Robinhood holds stock sale proceeds for one to two business days before they become available to transfer. Check your account for a note about settlement dates next to your cash balance.
How long does a transfer from Robinhood to my bank actually take?
Robinhood processes the transfer in one business day, then your bank takes one to two additional business days to receive and post it. Total time is usually one to three business days, but weekends and bank holidays can add delays. Your bank's processing speed also varies.
What if my bank rejects the transfer from Robinhood?
Banks rarely reject transfers from Robinhood, but if yours does, the money returns to your Robinhood cash balance within a few business days. Contact your bank to find out why the transfer was rejected — common reasons include a closed account, a name mismatch, or a frozen account.