The basic steps to withdraw from Robinhood
To withdraw money from Robinhood to your bank account, you log into the app or website, go to the Account menu, select "Transfers", choose "Transfer to Your Bank", enter the amount, and confirm. Robinhood then sends the money to the bank account you linked when you opened your account. The transfer takes one to three business days to arrive, depending on your bank.
You can only withdraw cash that is fully settled in your account. If you sold a stock or crypto today, that money is not available to withdraw until the settlement period ends — typically two business days for stocks and one business day for crypto. Attempting to withdraw unsettled funds will fail at the confirmation step.
Robinhood does not charge a fee to transfer money out. Your bank may charge a fee for receiving an incoming transfer, though most do not — check your bank's fee schedule if you are unsure.
Key Takeaways
- Money must be fully settled before you can withdraw it; stock sales settle in two business days and crypto sales in one business day.
- The transfer itself takes one to three business days once you initiate it, depending on your bank's processing speed.
- You can only withdraw to the bank account you linked during signup; you cannot change the destination account within Robinhood.
- If your transfer fails or does not arrive, check that your bank account details match exactly what Robinhood has on file, including routing and account numbers.
Settlement periods and why you cannot withdraw immediately
When you sell a stock on Robinhood, the sale is executed immediately, but the cash does not belong to you yet. The stock exchange and your broker need time to confirm the transaction and move the money. This is called the settlement period. For stocks, it is two business days. For crypto, it is one business day. Weekends and market holidays do not count as business days.
If you try to withdraw before settlement is complete, Robinhood will show you how much money is available and how much is still pending. The app displays this on your Account page under "Buying Power" versus "Cash". Only the cash amount can be withdrawn.
This is not a Robinhood rule — it is a requirement from the Securities and Exchange Commission (SEC) for all brokers. If you need money faster, you will have to wait for settlement or sell holdings that are already settled.
Linking a bank account and changing where money goes
The bank account you link during signup is the only account Robinhood will send withdrawals to. You cannot change this destination within the app or website. If you want to withdraw to a different bank account, you have two options: contact Robinhood support to request a change, or withdraw to your current linked account and then transfer the money to another account yourself using your bank's tools.
When you first link a bank account, Robinhood may verify it by sending two small deposits (usually under one dollar each) to that account. Your bank will show these deposits in your transaction history. You will need to confirm the amounts in Robinhood to complete the link. This verification process takes one to two business days.
Make sure the account number and routing number you enter are correct. A single digit wrong will cause the transfer to fail or go to the wrong account. If you are unsure of your routing number, your bank's website or a call to customer service will provide it.
When transfers fail or do not arrive
If you initiate a withdrawal and it fails, Robinhood will show an error message. The most common reasons are: the bank account information does not match what is on file, the account has been closed, or your bank rejected the transfer. The money stays in your Robinhood account and is available to try again.
If the transfer was initiated but the money has not arrived after three business days, first check your bank's transaction history to see if it shows as pending or rejected. If your bank shows nothing, log into Robinhood and check the transfer status under Account > Transfers. Robinhood keeps a record of every transfer request, including the date, amount, and status.
If the transfer shows as complete in Robinhood but your bank has no record of it, contact your bank first — they can trace the incoming transfer using the date and amount. If your bank finds nothing, contact Robinhood support with the transfer confirmation number from your account history. Robinhood can investigate whether the transfer was actually sent.
Partial withdrawals and minimum amounts
Robinhood does not set a minimum withdrawal amount, so you can withdraw as little as one dollar if you want. There is also no maximum — you can withdraw your entire account balance in a single transfer if it is all settled.
If you have unsettled cash and settled cash, you can only withdraw the settled portion. For example, if you have $500 settled and $200 pending, you can withdraw up to $500. The pending $200 will become available two business days after the sale that created it.
You can initiate multiple withdrawals at once, and they will all process in the order you requested them. Each one will take one to three business days to arrive.
Withdrawals during market closures and holidays
You can request a withdrawal at any time — the Robinhood app and website are open 24/7. However, the actual transfer to your bank only processes on business days. If you request a withdrawal on a Saturday, it will not begin processing until Monday. If you request one on a holiday when the markets are closed, it will not process until the next business day.
Settlement periods also pause on weekends and holidays. If you sell a stock on Friday, the two-business-day settlement period does not end until Tuesday (Monday is a business day, but the weekend does not count). This means the money will not be available to withdraw until Tuesday at the earliest, and the actual transfer to your bank will not start until Wednesday or later.
Frequently Asked Questions
Can I withdraw money if I have a negative balance or owe Robinhood money?
No. If you have a negative balance — for example, from a failed deposit or a margin call — you cannot withdraw until the balance is positive. You will need to deposit money to cover the negative balance first. Robinhood will not allow a withdrawal request if it would result in a negative balance.
What happens if I close my Robinhood account with cash still in it?
You will need to withdraw the cash before closing the account, or contact Robinhood support to request a final withdrawal after closure. Robinhood does not automatically send remaining cash to your bank account when you close.
Can I withdraw to a bank account in another country?
No. Robinhood only sends withdrawals to U.S. bank accounts. If you have a foreign bank account, you will need to withdraw to a U.S. account first, then transfer internationally yourself through your bank.
Does Robinhood report withdrawals to the IRS or affect my taxes?
Withdrawing cash does not create a taxable event. Only the sale of stocks or crypto is taxable. Robinhood reports your sales and gains to the IRS on Form 1099, not your withdrawals. The withdrawal itself is just moving money you already own.
Why is my transfer taking longer than three business days?
Check your bank's transaction history first — the transfer may have arrived but not posted yet. If three business days have passed and your bank shows nothing, contact your bank's customer service with the transfer date and amount. They can tell you whether the transfer was received and rejected, or never arrived at all.