How to withdraw money from Robinhood

To withdraw cash from Robinhood, open the app or website, tap the account icon (usually at the bottom right on mobile or top left on desktop), and select "Transfers." Choose "Transfer to Your Bank" and enter the amount you want to move. Robinhood will show you a list of bank accounts you've already linked; select the one where you want the money to land. The transfer typically takes one to three business days, though some banks process it faster.

You can only withdraw cash that is actually available in your account — money that is not tied up in open positions or pending trades. If you have unsettled cash (money from a recent sale that hasn't cleared yet), Robinhood will tell you how much is available to withdraw and how much is still settling. Unsettled cash usually clears within two business days after you sell a stock or option.

There is no fee to withdraw from Robinhood, and you can withdraw as much as you want as long as it's available. The limit is set by your bank, not by Robinhood — some banks cap how much you can move in a single day or week.

Key Takeaways

  • Cash withdrawals go through the "Transfers" section of your account and land in your linked bank account within one to three business days.
  • You can only withdraw cash that is not tied up in open stock or option positions, and unsettled cash from recent sales may not be available when ready.
  • Robinhood charges no withdrawal fee, but your bank may have its own limits on how much you can move per day or week.
  • To withdraw stocks instead of cash, you must transfer them to another brokerage using ACAT (Automated Customer Account Transfer), which takes five to seven business days.
  • Fractional shares cannot be transferred out and must be sold for cash before you move your account.

Withdrawing stocks to another brokerage

If you want to move your stocks to a different brokerage rather than sell them, you use a process called ACAT (Automated Customer Account Transfer). This is different from a cash withdrawal — you are moving the actual shares, not converting them to dollars first.

To start an ACAT transfer, log into the brokerage where you want to receive your stocks. That brokerage will walk you through their transfer request form, which asks for your Robinhood account number and other details. You do not initiate the transfer from Robinhood's side; the receiving brokerage contacts Robinhood on your behalf. The transfer usually takes five to seven business days, though it can take longer if there are complications with the account.

Robinhood does not charge a fee for outgoing transfers, but some brokerages charge a fee to receive stocks. Check with your new brokerage before you start the process. Also note that fractional shares (anything less than one full share) cannot be transferred out — Robinhood will automatically sell those for cash and either send you the money or hold it in your account, depending on what you choose.

What happens to unsettled cash and pending trades

If you have a pending trade or unsettled cash in your account, you cannot withdraw until it clears. Unsettled cash is money from a stock or option sale that has not yet settled with the exchange — this takes two business days after the sale. Pending trades are orders you have placed but that have not executed yet.

If you try to withdraw while a trade is pending, Robinhood will not let you complete the withdrawal. You have to either wait for the trade to execute and then settle, or cancel the pending order. If you have a pending order you no longer want, you can cancel it from the "Orders" or "Positions" tab in the app, and the cash will become available to withdraw right away.

Withdrawing from a Robinhood Gold account

If you have a Robinhood Gold subscription (which costs $5 per month), the withdrawal process is the same — you still go to Transfers and move money to your bank account the same way. The subscription does not change how you withdraw or add any restrictions.

However, if you have a margin balance (borrowed money from Robinhood), you must pay back the borrowed amount before you can withdraw the rest. Robinhood will show you how much you owe and how much is available to withdraw. If you close your Gold subscription while you have a margin balance, you will have a set number of days to pay back the borrowed money.

Closing your Robinhood account

If you want to close your account entirely, you must first withdraw or transfer out all your money and stocks. Robinhood does not let you close an account that still has positions or cash in it. Once your account is empty, you can request account closure from the settings menu under "Account" or "Profile," depending on whether you are using the app or website.

After you request closure, Robinhood will send you a confirmation email. The account will be deactivated, and you will no longer be able to trade or see your account information. If you change your mind, you can usually reactivate within a certain window, but contact Robinhood support to ask about the specific timeline.

Tax documents and withdrawal records

When you withdraw cash or transfer stocks, Robinhood does not send you a separate document for the withdrawal itself. However, if you sold stocks to raise the cash, those sales are reported on your tax forms (Form 1099-B for stocks and options). Keep your own records of when you withdrew money and how much, especially if you are tracking your cost basis or investment returns.

You can read your transaction history from Robinhood's website under "Documents" or "Tax Documents." This shows all your trades, deposits, and withdrawals in one place. If you transferred stocks to another brokerage, that brokerage will have its own records of when the transfer arrived and what the shares were worth on that date.

Common reasons withdrawals are delayed or rejected

A withdrawal can be delayed if your bank account information is incorrect, if your bank rejects the transfer, or if there is a hold on your Robinhood account (for example, if Robinhood is investigating unusual activity). If your withdrawal is rejected, Robinhood will usually tell you why in the app or via email.

If your bank rejects a transfer, the money goes back to your Robinhood account within a few business days. Common reasons for rejection include a closed bank account, a typo in the account number, or a mismatch between the name on your Robinhood account and the name on your bank account. Make sure the name, account number, and routing number are all correct before you submit a withdrawal.

If you suspect a hold on your account, contact Robinhood support through the app or website. They can tell you whether there is a restriction and when it will be lifted.

Frequently Asked Questions

How long does it take to withdraw money from Robinhood?

Most withdrawals take one to three business days from the time you submit them. Some banks process transfers faster, so you might see the money the next day. Weekends and holidays do not count as business days, so a withdrawal submitted on Friday may not arrive until Tuesday.

Can I withdraw money if I have pending orders?

No. You must cancel any pending orders or wait for them to execute and settle before you can withdraw. Once a trade settles (usually two business days after execution), the cash becomes available to withdraw.

What if I want to move my stocks but keep my Robinhood account open?

You can transfer some or all of your stocks to another brokerage using ACAT without closing your Robinhood account. Your account will remain open with whatever cash or stocks you leave behind. You can also transfer stocks back to Robinhood from another brokerage if you change your mind.

Do I have to pay taxes when I withdraw money?

Withdrawing cash itself does not trigger a tax event. However, if you sold stocks to raise that cash, the sale is taxable in the year it happened. Robinhood reports all your sales on Form 1099-B, which you will receive by January 31 of the following year.

Can I withdraw fractional shares?

No. Fractional shares cannot be transferred to another brokerage. If you have fractional shares and want to move your account, Robinhood will automatically sell them for cash before the transfer. You can then withdraw that cash or leave it in your account.