How to Move Money From Your Robinhood Account to Your Bank Account

How to transfer money from Robinhood to your bank account

To move cash from Robinhood to your bank, you log into the app or website, go to the Account menu, select Transfer, choose "Transfer to Your Bank," enter the amount, and confirm. The money typically arrives in one to three business days. Robinhood does not charge a fee for this transfer, but your bank may charge a fee on its end — check your bank's policy first.

The process is the same whether you are transferring cash that is already sitting in your Robinhood account or cash from selling stocks or other investments. You cannot transfer securities themselves directly to another brokerage; you would need to sell them first and then transfer the cash.

Key Takeaways

• Robinhood transfers to your linked bank account take one to three business days and cost nothing on Robinhood's side.
• You must have a bank account linked to your Robinhood account before you can transfer money out.
• The amount you can transfer out may be limited by Robinhood's rules about unsettled funds from recent stock sales.
• If you want to move your entire investment portfolio to another brokerage, you will need to sell your holdings first, transfer the cash, and then repurchase elsewhere.

Linking your bank account to Robinhood

Before you can transfer money out, you need to add your bank account to Robinhood. Open the app or website, go to Account, then tap or click on "Banking" or "Linked Banks." Select "Add a Bank Account" and enter your bank's name, your account number, and your routing number. Robinhood will verify the account by sending two small deposits (usually under $1 each) to your bank within one to two business days.

Once the deposits arrive, Robinhood will ask you to confirm the amounts. After you confirm, your bank account is linked and ready for transfers. You can link multiple bank accounts if you have them, but you can only transfer to the account you specify at the time of the transfer.

What happens to unsettled funds

When you sell a stock or other investment on Robinhood, the cash does not become available to transfer immediately. Robinhood holds the proceeds for two business days while the sale settles — this is a rule set by the financial industry, not by Robinhood alone. During this two-day period, the cash shows in your account but is marked as "unsettled" and cannot be transferred out.

If you try to transfer money that includes unsettled funds, Robinhood will only let you transfer the settled portion. For example, if you sold $500 worth of stock today and have $1,000 in settled cash, you can transfer up to $1,000 but not the $500 from today's sale. The $500 will be available to transfer two business days after the sale date.

Transfer limits and how long transfers take

Robinhood does not publish a single maximum transfer amount, but most transfers of several thousand dollars go through without issue. If you are transferring a very large amount — tens of thousands or more — Robinhood may review the transfer or ask you to verify your identity again. Contact Robinhood directly through the app if your transfer is delayed or rejected.

Once you submit a transfer request, Robinhood sends the money to your bank within one business day. Your bank then processes it, which usually takes one to two more business days. In total, expect the money to land in your bank account within one to three business days from the time you request the transfer. Weekends and bank holidays can add time.

Transferring money when you have a margin account

If you have a Robinhood Gold or Robinhood Margin account, the rules are slightly different. These accounts allow you to borrow money to invest, and Robinhood may restrict how much you can transfer out if you have an outstanding margin balance. You can only transfer cash that exceeds the amount Robinhood requires you to hold as collateral for your borrowed funds.

If you want to transfer out more money, you will need to pay down your margin balance first. Log into your account, go to Account, and look for your margin balance and buying power. Robinhood will show you how much cash is available to transfer. If you are unsure, contact Robinhood support before attempting a large transfer.

Moving your entire portfolio to another brokerage

If you want to close your Robinhood account and move all your investments elsewhere, you have two options: transfer your securities directly to the new brokerage, or sell everything and transfer the cash.

A direct securities transfer (called an ACAT transfer in the industry) moves your stocks and other holdings as-is to your new brokerage without forcing you to sell. The new brokerage usually handles the paperwork. However, Robinhood may charge a transfer fee — typically $75 to $100 — and the process takes five to seven business days. Check whether your new brokerage will reimburse this fee, as many do.

The alternative is to sell all your holdings on Robinhood, wait for the proceeds to settle (two business days), then transfer the cash to your bank and deposit it at the new brokerage. This approach takes longer overall but avoids the transfer fee and gives you a chance to reassess your holdings before reinvesting.

Troubleshooting a transfer that does not arrive

If your transfer does not show up in your bank account after three business days, first check that you requested the transfer to the correct bank account. Log into Robinhood and look at your transfer history to confirm the account number and routing number match your bank's records. A single digit wrong will send the money to the wrong place.

If the account details are correct, contact your bank and ask whether the transfer is pending or has been rejected. Some banks reject transfers from investment accounts if they do not recognize the sender. Your bank may ask you to confirm the transfer or whitelist Robinhood as a trusted sender. Once your bank accepts it, the money should arrive within one business day. If your bank says it never received the transfer, contact Robinhood support with your transfer confirmation number.

Frequently Asked Questions

Can I transfer money from Robinhood to a bank account that is not in my name?

No. Robinhood requires that the bank account you link be registered in your name. Transfers to joint accounts are sometimes possible if your name appears on the account, but transfers to accounts belonging to someone else will be rejected. If you need to move money to another person, you will need to transfer it to your own bank account first, then send it to them separately.

What if I have a pending deposit to Robinhood — can I transfer money out at the same time?

Yes. A pending deposit to Robinhood does not prevent you from transferring money out. However, if you transfer out more than you have in settled cash, Robinhood may hold the transfer until your deposit arrives and clears. To avoid delays, wait for your deposit to settle before requesting a large transfer out.

Does Robinhood charge a fee to transfer money to my bank?

Robinhood does not charge a fee. However, your bank may charge a fee for receiving an ACH transfer from an investment account, or your bank may charge a monthly maintenance fee if your balance drops below a minimum. Check your bank's fee schedule before transferring.

Can I cancel a transfer after I have submitted it?

If the transfer has not yet been sent to your bank, you can cancel it through the app or website. Once Robinhood has sent the transfer to your bank (usually within one business day), you cannot cancel it through Robinhood. Contact your bank to ask whether they can recall or reverse the transfer, though this is not always possible.

What if I want to transfer money back into Robinhood from my bank?

You can deposit money into Robinhood from your linked bank account. Go to Account, select Transfer, choose "Transfer from Your Bank," enter the amount, and confirm. The deposit usually takes one to three business days to arrive. Robinhood does not charge a fee, but your bank may charge a fee for sending an ACH transfer.