How to Withdraw Money From Your Robinhood Account

How to move money out of Robinhood

To withdraw money from Robinhood, you link a bank account, request the transfer through the app or website, and wait for the funds to arrive — usually one to three business days. Robinhood does not charge a fee for withdrawals. The process differs slightly depending on whether you are withdrawing cash you have not invested, cash from sold positions, or both.

The most common reason to withdraw is after you have sold stocks, ETFs, or options and want the proceeds in your bank account instead. Robinhood holds the cash in your account until you request a transfer. You can withdraw partial amounts or your entire balance at any time, with no minimum withdrawal amount and no penalty for moving money out.

Key Takeaways

• Link a bank account to your Robinhood account first — you cannot withdraw to an account that is not verified.
• Cash from stock sales settles in your Robinhood account within one to two business days, then takes another one to three business days to reach your bank.
• Robinhood charges no withdrawal fee, but your bank may charge a fee for incoming transfers depending on your account type.
• If you have unsettled cash (from a sale that has not yet cleared), you can still withdraw it, but Robinhood may reverse the transfer if the sale fails to settle.

Adding and verifying a bank account

Before you can withdraw, you must link at least one bank account to Robinhood. Open the app or website, go to Account, then Transfers, and select Link a Bank Account. Enter your bank's routing number and your account number — you can find both on a check or by logging into your bank's website.

Robinhood will make two small deposits (usually under $1 each) to your bank account within one to two business days. Log back into Robinhood, go to the same linking screen, and enter the exact amounts of those two deposits. Once you confirm the amounts, your bank account is verified and you can withdraw to it.

Some banks verify instantly through Plaid, Robinhood's verification partner. If your bank is supported, you can skip the deposit-confirmation step and start withdrawing immediately. The verification process is the same whether you use Robinhood's standard brokerage account or a Robinhood IRA.

Requesting a withdrawal through the app or website

Once your bank account is verified, go to Account, then Transfers, and select Withdraw. Choose the bank account you want the money to go to (if you have linked more than one), enter the amount, and confirm. Robinhood will show you the expected arrival date based on your bank's processing speed.

The withdrawal request is immediate, but the actual transfer takes time. Robinhood sends the money to your bank within one business day. Your bank then processes the incoming transfer, which usually takes one to three additional business days. Some banks post transfers faster than others — check your bank's policy if you need the money urgently.

You can request multiple withdrawals in a single day, and you can withdraw partial amounts or your entire balance. There is no limit on how much you can withdraw or how often you can withdraw, as long as the cash is available in your account.

Understanding settlement and unsettled cash

When you sell a stock, ETF, or option on Robinhood, the sale settles in one to two business days. During that time, the cash appears in your account as "unsettled" and you cannot withdraw it yet. Once settlement is complete, the cash moves to your "settled" balance and you can withdraw it immediately.

Robinhood does allow you to withdraw unsettled cash in some cases, but the withdrawal may be reversed if the sale fails to settle for any reason. If you withdraw unsettled cash and the sale does not clear, Robinhood will pull the money back out of your bank account. To avoid this, wait until your cash shows as settled before withdrawing.

You can see which cash is settled and which is unsettled by opening the app, going to Account, and looking at your cash balance. The app breaks down the total into settled and unsettled amounts. If you are unsure whether a particular sale has settled, wait one to two business days after the sale date before withdrawing.

What happens with margin accounts and borrowed money

If you have a Robinhood Gold margin account, you can borrow money to invest. When you withdraw, Robinhood first uses your own cash, then reduces any borrowed balance. You cannot withdraw more than your actual cash balance — the app will prevent you from requesting a withdrawal that would leave you with a negative account balance.

If you have an outstanding margin loan, Robinhood may restrict your ability to withdraw until you repay some or all of the borrowed amount. The exact restriction depends on your account's margin requirement and how much of your portfolio is in stocks versus cash. If a withdrawal is blocked, the app will tell you how much you need to repay or deposit to unlock withdrawals.

Withdrawing from a Robinhood IRA

Withdrawals from a Robinhood IRA (Traditional or Roth) follow the same technical steps as a standard account — link a bank, request the transfer, wait for settlement. However, the tax and penalty rules are different. Withdrawals from a Traditional IRA are taxed as ordinary income. Withdrawals from a Roth IRA are tax-free only if you meet the age and holding-period requirements; early withdrawals may trigger a 10 percent penalty plus taxes on earnings.

Robinhood does not withhold taxes on IRA withdrawals automatically. If you withdraw from a Traditional IRA, you are responsible for reporting the withdrawal on your tax return and paying any taxes owed. Consider consulting a tax professional before withdrawing from an IRA, especially if you are under 59½, because the tax consequences can be significant.

Troubleshooting common withdrawal problems

If your withdrawal is pending longer than expected, check your bank's processing time. Most banks post transfers within one to three business days, but some take longer. You can also contact your bank directly to confirm they have received the transfer from Robinhood.

If Robinhood rejected your withdrawal request, the most common reason is that your bank account is not fully verified. Go back to Account, Transfers, and confirm that your bank account shows as verified. If it does not, complete the verification process again.

If you see a withdrawal that was reversed or cancelled, it usually means the underlying sale did not settle or there was a technical issue with your bank. Check your account history to see the reason. If the reversal was unexpected, contact Robinhood support through the app or website to ask what happened.

Frequently Asked Questions

How long does it take to withdraw money from Robinhood?

Robinhood sends the withdrawal to your bank within one business day. Your bank then processes it, which typically takes one to three additional business days. Total time is usually two to four business days from the moment you request the withdrawal. Some banks are faster; check your bank's policy for exact timing.

Does Robinhood charge a fee to withdraw money?

Robinhood does not charge any fee for withdrawals. Your bank may charge a fee for incoming transfers, but this depends on your account type and bank — most checking accounts do not charge for incoming transfers. Contact your bank if you are unsure.

Can I withdraw money if I have unsettled cash?

You can request a withdrawal of unsettled cash, but Robinhood may reverse it if the sale does not settle. To avoid a reversal, wait one to two business days after you sell for the cash to settle, then withdraw. Settled cash is may provide and will not be reversed.

What if my bank account is not verified yet?

Complete the verification process first. Link your bank account, wait for Robinhood's two small deposits to arrive (one to two business days), then confirm the deposit amounts in the app. Once verified, you can withdraw immediately. Some banks verify instantly through Plaid and skip the deposit step.

Can I withdraw from a Robinhood IRA the same way as a regular account?

The withdrawal process is identical, but the tax rules are different. Withdrawals from a Traditional IRA are taxed as income. Withdrawals from a Roth IRA before age 59½ may trigger a 10 percent penalty plus taxes on earnings. Consider consulting a tax professional before withdrawing from an IRA.