How to Withdraw Money from Robinhood: A Complete Step-by-Step Tutorial

Feb 16, 2026 - 14:18

If you’ve been investing through Robinhood and are ready to access your funds, understanding how to withdraw money from Robinhood is essential. Whether you want to transfer profits to your bank, move unused cash, or close your account, the process is simple—but there are important rules, timelines, and limitations you need to know.

In this detailed guide, we’ll explain how to take money out of Robinhood, walk you through How to Cash Out on Robinhood, and answer the common question: How Do I Withdraw Money from Robinhood?

Understanding Your Withdrawable Cash

Before learning how to withdraw money from Robinhood, you need to understand the difference between:

Buying Power
Cash Balance
Withdrawable Cash

Only Withdrawable Cash can be transferred to your bank account.

Why Isn’t All My Money Available?

If you recently sold stocks, ETFs, or options, your funds must go through a settlement period before becoming available for withdrawal.

Stocks & ETFs: Settle in 1 business day (T+1)
Options: Typically settle in 1 business day
Cryptocurrency: Usually settles instantly, but withdrawal availability can vary

If you deposited funds recently, Robinhood may also place a temporary hold (up to 5 business days) before allowing withdrawals.

Step-by-Step: How to Withdraw Money from Robinhood

Here’s exactly How Do I Withdraw Money from Robinhood?

Step 1: Open the Robinhood App

Log into your account via the mobile app or website.

Step 2: Tap the Account Icon

Select your profile icon (bottom right in the app).

Step 3: Go to “Transfers”

Choose Transfers from the menu.

Step 4: Select “Transfer to Your Bank”

Pick your linked bank account.

Step 5: Enter the Withdrawal Amount

Make sure the amount does not exceed your withdrawable cash.

Step 6: Review and Confirm

Submit the request.

That’s the full process for how to take money out of Robinhood.

How to Cash Out on Robinhood (If You Have Investments)

If your money is currently invested, you’ll need to sell your assets first.

Step 1: Sell Your Investments

Go to the stock, ETF, option, or crypto you own.
Tap “Trade.”
Select “Sell.”
Enter the amount and confirm.

Step 2: Wait for Settlement

After selling, wait for the settlement period to complete.

Step 3: Transfer Funds to Your Bank

Once funds show as withdrawable cash, follow the withdrawal steps outlined earlier.

This is the complete method for How to Cash Out on Robinhood.

Withdrawal Timeframes

Standard Transfers (Free)

Takes 1–3 business days
No fee
Most commonly used option

Instant Transfers

Available if your bank supports it
Typically arrives within minutes
Small fee (usually around 1.5% with minimum and maximum limits)

If you’re in a hurry, instant transfers are convenient. Otherwise, standard transfers are free and reliable.

Withdrawal Limits

When learning how to withdraw money from Robinhood, keep these limits in mind:

Daily withdrawal limit: Up to $50,000 per business day
Minimum withdrawal: $1
Bank must be verified and in your name

Robinhood does not allow withdrawals to third-party bank accounts.

How to Link or Change Your Bank Account

If you haven’t linked a bank account:

Go to Account Settings
Select Banking
Tap Add Bank Account
Choose instant verification or manual verification
Confirm micro-deposits if required

Make sure the bank account name matches your Robinhood account name.

If you change banks, you may need to wait a few days before withdrawing due to security checks.

Common Reasons You Can’t Withdraw Money

Many users ask, “How Do I Withdraw Money from Robinhood if the app won’t let me?” Here are common reasons withdrawals may fail:

1. Funds Haven’t Settled

You must wait for the T+1 settlement period.

2. Recent Deposit Hold

Deposited funds may be restricted for several business days.

3. Open Orders

Pending buy orders reduce available withdrawable cash.

4. Account Restrictions

Compliance reviews or suspicious activity can temporarily limit withdrawals.

5. Margin Account Considerations

If you use margin, some funds may be restricted until margin requirements are met.

Fees for Withdrawing Money

Here’s a quick breakdown:

Transfer Type	Fee	Processing Time
Standard Transfer	Free	1–3 business days
Instant Transfer	~1.5% fee	Minutes

Standard bank withdrawals are free. Fees apply only if you choose instant transfer.

Tax Implications When Cashing Out

Withdrawing money itself is not taxable. However:

Selling stocks or crypto may trigger capital gains taxes.
You will receive Form 1099 for reporting gains or losses.
Short-term gains (held under 1 year) are taxed at higher rates than long-term gains.

Consult a tax advisor if you’re unsure about your reporting obligations.

Security Tips for Safe Withdrawals

When figuring out how to take money out of Robinhood, also protect your account:

Enable two-factor authentication (2FA)
Use a strong password
Avoid public Wi-Fi when transferring funds
Monitor email confirmations

Robinhood uses encryption and security monitoring, but user vigilance is important.

Withdrawing All Funds and Closing Your Account

If you want to fully close your account:

Sell all investments
Wait for settlement
Withdraw all available cash
Ensure your balance is $0
Contact support to close the account

Make sure there are no pending transactions before closure.

Frequently Asked Questions

How Do I Withdraw Money from Robinhood on the Website?

The steps are the same:

Click Account
Select Transfers
Choose Transfer to Bank
Enter amount
Confirm

Can I Cancel a Withdrawal?

Yes, if it hasn’t been processed yet. Go to your transfer history and cancel if the option is available.

Can I Withdraw on Weekends?

You can request withdrawals anytime, but processing only happens on business days.

Final Thoughts

Understanding how to withdraw money from Robinhood is simple once you know the steps and timing rules. Whether you're wondering How Do I Withdraw Money from Robinhood, learning how to take money out of Robinhood, or figuring out How to Cash Out on Robinhood, the key points are: