How to transfer money from Robinhood to your bank

To move 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 typically arrives in your bank account within one to three business days. You can only transfer cash that is already in your Robinhood account — you cannot transfer individual stocks or crypto directly to a bank.

Before you transfer, make sure your bank account is linked to Robinhood and verified. Robinhood requires this verification step for security reasons, and it usually takes one to two business days after you add the account. Once verified, you can transfer money out whenever you want, with no limit on how many transfers you make or how much you move in a single transfer.

Key Takeaways

  • You can only transfer cash from Robinhood to your bank — stocks and crypto must be sold first and converted to cash.
  • Your bank account must be linked and verified in Robinhood before you can transfer money out, which takes one to two business days after you add it.
  • Transfers from Robinhood to your bank usually take one to three business days to show up, depending on your bank's processing speed.
  • You can make as many transfers as you want with no fees charged by Robinhood, though your bank may charge a fee on their end.

Adding and verifying your bank account in Robinhood

Start by opening the Robinhood app or going to robinhood.com on your computer. Tap or click the Account icon (usually at the bottom right on mobile, top left on desktop), then select "Account Settings" or "Transfers". Look for an option that says "Link a Bank Account" or "Add Bank Account".

Enter your bank's name, your account number, and your routing number. You can find your routing number on the bottom left of any check, or by calling your bank or visiting their website. Robinhood will ask whether the account is checking or savings — choose the correct type.

After you submit this information, Robinhood sends two small deposits (usually between $0.01 and $0.99 each) to your bank account. This is how Robinhood verifies you own the account. Check your bank statement in one to two business days, find those two amounts, and enter them back into Robinhood. Once you confirm the amounts, your bank account is verified and you can transfer money out.

Selling stocks or crypto before you transfer

If you hold individual stocks or cryptocurrency in Robinhood, you must sell them first before you can transfer the money to your bank. Robinhood does not move securities themselves — only cash.

To sell, open the Robinhood app, find the stock or crypto you own, and tap "Sell". Enter how many shares or how much crypto you want to sell, review the price, and confirm. The sale usually completes within seconds during market hours. The cash from the sale goes into your Robinhood cash balance, and that is what you transfer to your bank.

Keep in mind that if you sell stocks within 30 days of buying them, you may trigger a wash sale, which affects how you report the loss on your taxes. If you sell crypto at a profit, you owe capital gains tax on that profit. Robinhood sends you a tax form at the end of the year showing your sales, but you are responsible for reporting the gains or losses on your tax return.

Understanding transfer timing and fees

Once you initiate a transfer from Robinhood to your bank, Robinhood processes it the same business day if you submit before their cutoff time (usually 4 p.m. Eastern). If you transfer after the cutoff or on a weekend or holiday, it processes the next business day.

After Robinhood sends the transfer, your bank takes one to three business days to receive and post it. Some banks are faster — many show the money within one business day. Others take the full three days. You can check your bank's typical transfer time by calling them or looking at their website.

Robinhood does not charge a fee to transfer money out. However, your bank may charge a fee for receiving an incoming transfer, though most banks do not. If your bank does charge, it is usually $1 to $5 per transfer. Check your bank's fee schedule or call them to confirm.

What to do if your transfer is delayed or fails

If your transfer does not show up in your bank account within three business days, log into Robinhood and check the transfer status. Go to Account > Transfers and look for your transfer in the history. It should show either "Pending", "Completed", or "Failed".

If it shows "Pending" after three business days, contact your bank first — the delay is usually on their end. Give them the transfer amount, the date you initiated it, and ask them to look for an incoming ACH transfer from Robinhood. They can tell you whether it arrived and why it has not posted yet.

If the transfer shows "Failed" in Robinhood, the most common reasons are a mismatch between your account number and routing number, or your bank blocking the transfer for security reasons. Contact Robinhood support through the app (tap Account > Help > Contact Us) and provide them with the failed transfer details. They can tell you what went wrong and walk you through trying again.

Transferring money back into Robinhood

If you want to move money from your bank back into Robinhood to buy stocks or crypto, the process is similar but in reverse. Go to Account > Transfers, select "Transfer to Your Robinhood Account", enter the amount, and confirm. The money takes one to three business days to arrive in your Robinhood cash balance.

There is no fee from Robinhood to transfer money in, and most banks do not charge a fee either. Once the money lands in your Robinhood account, you can use it to buy stocks, crypto, or options when ready — you do not have to wait for it to settle.

Frequently Asked Questions

Can I transfer stocks directly from Robinhood to my bank?

No. Banks do not accept stocks or crypto. You must sell your stocks or crypto in Robinhood first, which converts them to cash in your Robinhood account. Then you transfer that cash to your bank. If you want to move stocks to a different brokerage, you would use a process called ACAT (Automated Customer Account Transfer), not a bank transfer.

Why does my bank account show as unverified even after I entered the amounts?

The two test deposits Robinhood sends sometimes take longer than one to two business days to arrive, especially if your bank processes deposits slowly. Wait a few more days and check your bank statement again. If the deposits still have not arrived after five business days, contact Robinhood support — they may need to resend them or troubleshoot the connection.

Can I transfer money out of Robinhood if I have unsettled cash?

Unsettled cash is money from a recent stock sale that has not finished clearing, which usually takes two business days. You cannot transfer unsettled cash out of Robinhood. You can only transfer settled cash — money that has been in your account for at least two business days or cash you deposited from your bank.

What happens if I transfer money out while I have a pending stock order?

If you transfer out more cash than you have available after your pending orders, the transfer will fail. Robinhood reserves the cash for any pending buy orders. Wait for your orders to complete or cancel them before you transfer, or transfer a smaller amount that leaves enough cash for your orders.

Does Robinhood report transfers to my bank to the IRS?

No. Transfers of your own money between your Robinhood account and your bank are not reported to the IRS. However, Robinhood does report your investment sales and gains to the IRS on Form 1099-B at the end of the year. Those gains are what you owe tax on, not the transfers themselves.