How to Move Money From Your Robinhood Account to Your Bank Account
How to transfer money from Robinhood to your bank account
To move money from Robinhood to your bank, you initiate a withdrawal through the Robinhood app or website, select your linked bank account, enter the amount, and confirm the transfer. The money typically arrives in your bank account within one to three business days, though the exact timing depends on your bank and whether you initiated the transfer on a business day or weekend.
Robinhood calls this process a "transfer to your bank" rather than a withdrawal. You can only send money to a bank account that you have already linked to your Robinhood account — you cannot transfer to a new bank account without linking it first.
Key Takeaways
- You must link your bank account to Robinhood before you can transfer money out, which takes one to two business days to verify.
- Transfers initiated on weekdays usually arrive within one to three business days; weekend transfers may take longer because banks do not process them until Monday.
- You can transfer any amount, but Robinhood may place temporary holds on your account if you move large sums frequently.
- If your transfer does not arrive within the stated timeframe, contact your bank first — delays often happen on the receiving end, not with Robinhood.
Linking your bank account to Robinhood
Before you can transfer money out, you need to add your bank account to Robinhood. Open the Robinhood app, tap the Account icon (usually at the bottom right), select "Transfers," and then "Link a Bank Account." You will enter your bank's routing number and your account number, which you can find on a check or by logging into your bank's website.
Robinhood verifies the account by sending two small deposits to your bank — usually $0.01 and $0.02 — within one to two business days. Once you see those deposits in your bank account, you return to Robinhood and confirm the amounts. After that, the account is linked and ready to use for transfers.
If you have already linked a bank account to Robinhood, you can skip this step and move directly to initiating the transfer.
The steps to transfer money out
Open Robinhood and tap the Account icon, then select "Transfers." Choose "Transfer to Your Bank" (not "Deposit" — that moves money into Robinhood). Select the bank account you want the money to go to from the dropdown menu.
Enter the dollar amount you want to transfer. Robinhood will show you your available balance — this is the cash sitting in your account, not the value of stocks you own. You can only transfer cash that is actually available; if you have unsettled trades (stock purchases that have not yet cleared), that money may not be available to transfer yet.
Review the details and tap "Confirm" or "Submit." Robinhood will send you a confirmation, and the transfer begins processing immediately.
How long transfers take
Most transfers arrive within one to three business days. The exact timing depends on when you initiated the transfer and your bank's processing speed. If you transfer money on a Tuesday morning, it often arrives by Wednesday or Thursday. If you transfer on a Friday afternoon or over the weekend, it may not arrive until Tuesday or Wednesday of the following week, because banks do not process transfers on weekends or federal holidays.
Some banks are faster than others. Large national banks like Chase, Bank of America, and Wells Fargo typically process transfers within one business day. Smaller regional banks or credit unions may take two to three business days. If you are unsure how long your bank takes, contact them directly — they can tell you their standard processing time.
If your transfer has not arrived after three business days, log into your bank account and check whether it shows as pending. If it does not appear there at all, contact Robinhood support to confirm the transfer was sent. If your bank shows it as pending, contact your bank to ask why it is delayed.
Limits and holds on transfers
Robinhood does not publish a single transfer limit that applies to everyone. You can transfer small amounts without restriction, but if you move large sums frequently — particularly if you deposit money into Robinhood, invest it, and then withdraw it within a short period — Robinhood may place a temporary hold on your account or flag it for review.
These holds are usually lifted within a few business days once Robinhood's compliance team reviews the activity. If you receive a hold notice, you can contact Robinhood support to ask how long it will last and what triggered it.
Your bank may also place holds on incoming transfers, particularly if the amount is unusually large for your account or if the transfer comes from an unfamiliar source. This is separate from any Robinhood hold and is your bank's decision.
What to do if your transfer fails or is rejected
A transfer can fail for several reasons: the bank account information is incorrect, your bank rejected the transfer, or Robinhood flagged the transaction. If a transfer fails, Robinhood will notify you in the app and explain the reason when possible.
If the reason is incorrect account information, you can delete the linked bank account and re-link it with the correct details. If your bank rejected it, contact your bank to ask why — common reasons include a mismatch between the name on your Robinhood account and the name on your bank account, or your bank blocking transfers to or from investment accounts.
If Robinhood rejected the transfer due to a compliance hold or review, you will need to wait for that hold to clear before trying again. You can contact Robinhood support to ask when the hold will be lifted.
Frequently Asked Questions
Can I transfer money to a bank account that is not in my name?
No. Robinhood requires that the bank account you link be in your name. Transfers to joint accounts are sometimes possible if your name is on the account, but transfers to accounts owned by someone else are not permitted. This is a standard rule across investment platforms to prevent fraud and money laundering.
What if I want to transfer money but my bank account is not linked yet?
You will need to link it first. Go to Account > Transfers > Link a Bank Account, enter your bank details, and wait for the verification deposits to arrive (one to two business days). Once you confirm those deposits in Robinhood, the account is linked and ready to use.
Do I pay a fee to transfer money out of Robinhood?
Robinhood does not charge a fee for transfers to your bank. However, your bank may charge a fee if you exceed a certain number of transfers per month — this varies by bank and account type. Contact your bank to learn their transfer limits and fees.
Can I cancel a transfer after I have submitted it?
If the transfer has not yet been processed by your bank, you may be able to cancel it through Robinhood. Open the transfer details in the app and look for a cancel option. If the transfer has already been sent to your bank, you cannot cancel it through Robinhood — you will need to contact your bank to attempt a reversal, though they may not be able to stop it if it has already cleared.
Why is my available balance lower than the total value of my account?
Your available balance is only the cash in your account, not the value of stocks you own. If you have unsettled trades (purchases that have not yet cleared, usually two business days after you buy), that money is held and not available to transfer. Once trades settle, that cash becomes available again.