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Withdrawing funds from Robinhood is straightforward, but you need to meet a few conditions to ensure the process goes smoothly.
1. Confirm Eligibility and Available Funds
Before initiating a withdrawal, ensure your funds are fully available and not subject to holds. Robinhood applies specific rules around what can be withdrawn:
Sold securities take two business days (T+2) to settle before becoming withdrawable.
Recent deposits from your bank may be subject to a temporary hold before you can move them out.
Margin accounts may have restrictions, as borrowed funds or collateralized assets can’t be withdrawn.
Robinhood allows up to $50,000 per day in ACH withdrawals, with a limit of five separate transfers daily.
To check your withdrawable balance, go to the Transfers section in the app—it will show exactly what’s available for immediate withdrawal.
2. Choose Your Withdrawal Method
Robinhood offers several ways to withdraw money, and the method you choose impacts how fast you receive it and whether you pay any fees.
ACH transfers (to your linked bank account) are free and typically take 3–5 business days.
Wire transfers may be faster but can carry a processing fee depending on your bank.
Crypto transfers (if withdrawing crypto) require setting up an external wallet and enabling two-factor authentication.
Robinhood currently doesn’t support debit card withdrawals, unlike some other brokers. Therefore, if you need quick access, wire might be worth the fee.
3. Link or Verify Your Bank or Wallet Details
You must verify where the money is going before initiating any withdrawal.
For bank accounts, Robinhood uses Plaid for instant linking, or manual verification via micro-deposits (two small test amounts).
For crypto wallets, you need to enable 2FA, complete identity checks, and enter a valid destination wallet address.
If you recently linked a new account, Robinhood may place a temporary security hold—common with first-time transfers.
Make sure the destination is correct before requesting, because failed or reversed withdrawals could delay access to your funds.
4. Initiate the Withdrawal Request
Once your funds are eligible and accounts are verified, submitting a request is simple:
Go to the Transfers tab and tap “Transfer to Your Bank.”
Enter the amount, confirm the bank account or wallet, and review the summary screen.
Robinhood will show an estimated arrival date and note any applicable fees (like for wire or crypto).
Double-check everything before submitting.
5. Track the Withdrawal and Keep Records
After submission, monitor the withdrawal progress directly in the app:
Go to Account → Transfers → Past Transfers to see the status.
ACH withdrawals usually show a “Pending” status for the first day, then “Completed” once processed.
Save confirmation emails or screenshots in case you need to follow up with support.
If funds don’t arrive by the estimated date, contact Robinhood or your bank. It’s rare, but delays can occur due to bank holidays or additional security reviews.
Are There Fees to Withdraw Money from Robinhood?
Robinhood does not charge fees for standard ACH withdrawals to your linked bank account. These transfers are free and typically take 3–5 business days to complete.
However, if you request a domestic wire transfer, your bank may apply fees even though Robinhood does not currently offer incoming wire withdrawals.
Crypto withdrawals may also involve network or gas fees, which depend on the specific blockchain and coin you’re moving. Always review the summary before confirming any withdrawal request.
Can You Cancel a Withdrawal on Robinhood?
You can only cancel a withdrawal if it's still in “Pending” status. Once the withdrawal has been processed by Robinhood and sent to your bank or wallet, it cannot be reversed.
To cancel a pending transfer, go to Account → Transfers → Past Transfers, tap the transaction, and check for a “Cancel” option.
If the option isn’t available, the transfer is likely already in motion and will need to be handled through your receiving institution if issues arise.
Why Can’t I Withdraw Money from Robinhood?
There are several reasons why you may be blocked from withdrawing funds.
The most common causes include unsettled trades (from recent stock sales), deposit holds on recent bank transfers, account restrictions (due to margin use or regulatory flags), or incorrect bank details.
Additionally, Robinhood may temporarily hold funds for security reviews or due to suspicious activity.
To check what’s available, go to your “Withdrawable Cash” section—this will show the exact amount you can currently move out.
