The basic process: what happens and how long it takes
To transfer money from Robinhood to your bank account, you initiate a withdrawal through the Robinhood app or website, select your linked bank account as the destination, enter the amount, and confirm. Robinhood then sends the money to your bank using the ACH network, which typically takes 1 to 3 business days to arrive. The money leaves your Robinhood account immediately when you confirm the transfer, but your bank won't show it until the ACH process completes.
You can only withdraw to a bank account you've already linked to your Robinhood account. If you haven't linked a bank yet, you'll need to add one first—that process takes a few minutes and requires your routing number and account number, which you can find on a check or in your bank's app.
There is no fee to withdraw from Robinhood. The transfer is free regardless of the amount, as long as you're moving money to a U.S. bank account.
Key Takeaways
- Withdrawals from Robinhood to a linked bank account take 1 to 3 business days and cost nothing.
- You must link your bank account to Robinhood before you can withdraw; this requires your routing and account numbers.
- The money leaves Robinhood immediately when you confirm, but your bank won't receive it until the ACH transfer completes.
- Weekends and bank holidays pause the clock—a withdrawal requested Friday evening won't arrive until Tuesday or Wednesday.
- If your withdrawal is rejected or delayed, check that your account information is correct and that your bank hasn't flagged the transfer as suspicious.
Step-by-step: initiating a withdrawal from the Robinhood app
Open the Robinhood app and tap the Account icon at the bottom right. Select "Transfers" and then tap "Withdraw." Choose the bank account you want the money to go to—if you see only one option, that's your linked account. If you have multiple linked accounts, select the correct one.
Enter the amount you want to withdraw. Robinhood will show you your available cash balance; you can only withdraw cash that's already in your account, not money tied up in stocks or crypto. Tap "Review" to confirm the amount and destination, then tap "Withdraw" to submit. You'll see a confirmation screen with the expected arrival date.
If you're using the Robinhood website instead of the app, log in, click "Account" in the top right, select "Transfers," click "Withdraw," choose your bank account, enter the amount, and click "Submit Withdrawal."
Linking a new bank account to Robinhood
If you haven't linked a bank account yet, you'll need to do this before your first withdrawal. In the app, tap Account, then Transfers, then tap the plus icon to add a bank account. Robinhood will ask for your bank's name, your account type (checking or savings), your account number, and your routing number.
Your routing number is a nine-digit code specific to your bank. You can find it on the bottom left of any check, or by searching "[Your Bank Name] routing number" online, or by calling your bank. Your account number appears on checks and in your bank's app or online portal.
After you enter this information, Robinhood will send two small test deposits to your bank account—usually $0.01 and $0.02. These arrive within 1 to 2 business days. Once they land, you'll need to confirm the amounts in the Robinhood app to verify you own the account. Only then can you withdraw to that account.
What to do if your withdrawal is delayed or rejected
If your withdrawal hasn't arrived after 3 business days, first check the Robinhood app to confirm the transfer was actually submitted. Look under Account > Transfers and find the withdrawal in your history. If it shows "Completed" or "Pending," the money is on its way; if it shows "Failed" or "Rejected," something went wrong.
Common reasons for rejection include incorrect account or routing numbers, a mismatch between the name on your Robinhood account and the name on your bank account, or your bank flagging the incoming transfer as suspicious. Contact your bank first—they can tell you whether the transfer arrived and was rejected, or whether it never reached them. If your bank rejected it, ask them why and whether you need to resubmit with different information.
If Robinhood rejected the transfer before it left their system, you'll see an error message in the app. Try the withdrawal again, double-checking your account and routing numbers against a recent check or your bank's website. If it fails a second time, contact Robinhood support through the app—tap Account, then Help, then select your issue.
Timing: business days, weekends, and holidays
ACH transfers only move on business days—Monday through Friday, excluding federal holidays. If you request a withdrawal on Friday after 4 p.m. ET, or on a weekend, Robinhood will process it on the next business day. If Monday is a holiday, the transfer won't move until Tuesday. This means a Friday evening withdrawal might not arrive until Wednesday or Thursday.
Robinhood shows an estimated arrival date when you confirm your withdrawal. This date accounts for weekends and holidays, so trust that estimate. If the money hasn't arrived by that date, wait one more business day before contacting your bank or Robinhood.
Withdrawing from a Robinhood retirement account
If your money is in a Robinhood IRA or other retirement account, the withdrawal rules are different. You cannot simply transfer money to your bank account the way you would from a regular Robinhood account. Withdrawals from retirement accounts are subject to tax rules and may trigger penalties if you're under 59½.
To withdraw from a Robinhood IRA, you'll need to contact Robinhood support directly. They can explain your options, which may include a direct rollover to another IRA, a trustee-to-trustee transfer, or a distribution. Each option has different tax and timing consequences, so ask Robinhood to walk you through what applies to your situation.
Frequently Asked Questions
Can I withdraw money if I just deposited it?
Yes, but only after the deposit clears. If you transferred money from your bank to Robinhood, that ACH transfer takes 1 to 3 business days. Once it shows in your Robinhood account as available cash, you can withdraw it immediately. Robinhood won't let you withdraw money that's still pending.
What's the maximum amount I can withdraw at once?
Robinhood doesn't publish a single withdrawal limit. Your limit depends on your account history and your bank's policies. If you try to withdraw more than your limit allows, Robinhood will reject the request and show you the maximum. If you need to withdraw a large amount, try breaking it into multiple transfers a few days apart.
Can I withdraw to someone else's bank account?
No. You can only withdraw to a bank account in your own name that you've linked to Robinhood. This is a fraud prevention measure. If you need to send money to someone else, withdraw to your own bank account first, then transfer from there.
Do I have to pay taxes on a withdrawal?
Withdrawing cash from a regular Robinhood account is not a taxable event—you're just moving money you already own. However, if you sold stocks or crypto at a gain before withdrawing, you owe tax on those gains. Robinhood will send you a tax form at the end of the year showing your gains and losses.
What if my bank account information changes?
If you close the bank account linked to Robinhood or switch banks, you'll need to link your new account before you can withdraw again. Remove the old account from Robinhood (tap Account > Transfers > select the account > Remove), then add your new account using your new routing and account numbers. You'll have to verify the new account with the two test deposits again.