The basic process: link your bank, then request a withdrawal
To move money from Robinhood to your bank account, you link your bank through Robinhood's app or website, then request a withdrawal. Robinhood sends the money to the exact account you registered. The transfer itself takes 1 to 3 business days once Robinhood processes your request, which usually happens within a few hours on weekdays.
You do not need to sell your investments first if you are withdrawing cash that is already sitting in your account—the uninvested money, dividends, or proceeds from sales you completed earlier. If you want to withdraw money tied up in stocks or fractional shares, you must sell those positions before you can transfer the cash out.
Robinhood does not charge a fee to withdraw to your bank account. Your bank may charge a fee for receiving an incoming transfer, though most do not.
Key Takeaways
- Link your bank account to Robinhood through the app or website using your routing number and account number, and Robinhood will verify the account with two small test deposits.
- You can only withdraw cash that is unsettled or already available in your account—money from recent stock sales may take 2 business days to settle before you can move it.
- Withdrawal requests process within a few hours on business days, and the money arrives at your bank in 1 to 3 additional business days.
- If you want to withdraw money from stock positions, you must sell those shares or fractional shares first, then wait for the sale to settle before requesting the transfer.
- Robinhood charges no withdrawal fee, but confirm with your bank that it does not charge a fee for incoming transfers.
How to link your bank account to Robinhood
Open the Robinhood app or go to robinhood.com and sign into your account. Tap the account icon (usually in the bottom right on mobile, or the menu on desktop) and look for "Account" or "Settings." Find the option labeled "Linked Banks" or "Bank Accounts."
Select "Add Bank Account" or the plus icon. Robinhood will ask for your bank's name, your account type (checking or savings), your routing number, and your account number. You can find both numbers on a check, or log into your bank's website or app to locate them. Enter the information exactly as it appears—even a single digit wrong will cause the link to fail.
Robinhood will send two small deposits (usually under $1 each) to your bank account within 1 to 2 business days. Log into your bank account and find the exact amounts of these deposits. Return to Robinhood and enter those amounts to confirm you own the account. Once verified, your bank account is linked and ready to receive withdrawals.
Withdrawing cash that is already available
In Robinhood, go to "Account" and select "Transfers." Choose "Withdraw" or "Transfer to Bank." The app will show your available cash balance—this is the money you can move immediately. Select the linked bank account you want to send the money to, enter the amount, and confirm.
Robinhood processes withdrawal requests on business days, usually within a few hours. You will see a confirmation in the app. The money then travels to your bank, which takes 1 to 3 business days depending on your bank's processing speed. Some banks credit transfers the same day; others take the full 3 days.
If you do not see your withdrawal arrive within 3 business days, check your bank account to confirm the transfer was received. If it is not there, contact Robinhood support with your withdrawal confirmation number.
Selling shares before you can withdraw the money
If the money you want to withdraw is currently in stocks, fractional shares, or options, you must sell those positions first. Open the position in Robinhood, tap "Sell," enter the number of shares or the dollar amount, and confirm the sale. Robinhood executes the sale immediately during market hours (9:30 a.m. to 4 p.m. Eastern on weekdays).
The cash from your sale does not become available to withdraw right away. Stock sales settle 2 business days after the sale date. For example, if you sell on a Monday, the cash settles on Wednesday and you can withdraw it Wednesday afternoon or Thursday. Weekend and market holidays extend this timeline—a Friday sale settles on Tuesday.
Once the sale settles, the cash appears in your available balance. Then you can request a withdrawal using the steps above.
What to do if your withdrawal is delayed or fails
If you requested a withdrawal and it has been more than 3 business days since Robinhood processed it, log into your bank account and search for the transfer. Look at pending transactions or recent deposits. If the money arrived but you missed it, the transfer succeeded. If it is not there and not pending, contact your bank's customer service with the withdrawal date and amount.
If your bank says they never received the transfer, or if Robinhood shows the withdrawal as failed, contact Robinhood support. Have your withdrawal confirmation number ready. Robinhood can resend the transfer or investigate why it failed. Common reasons include a typo in your account number when you linked the bank, or your bank rejecting the transfer because the account was closed or flagged for fraud.
If Robinhood rejected your withdrawal request before it was sent, the app will show an error message. This usually means your account does not have enough available cash, or your bank account link failed verification. Re-verify your bank account by checking the two test deposits again, or wait for any pending sales to settle.
Transferring from a Robinhood retirement account
If your money is in a Robinhood IRA (Traditional, Roth, or SEP), the withdrawal rules are different and more restrictive. You cannot simply move the money to your bank account without tax consequences. Withdrawals from a Traditional IRA before age 59½ trigger a 10% early withdrawal penalty plus income tax. Roth IRA withdrawals of earnings also face penalties if you have not held the account for 5 years.
If you need to move money out of a Robinhood IRA, you have two options: request a direct rollover to another IRA or retirement account (which avoids taxes and penalties), or request a distribution and handle the tax consequences yourself. Contact Robinhood's support team to discuss which option fits your situation. They can walk you through a rollover to another brokerage or bank if that is what you choose.
Frequently Asked Questions
How long does it take to transfer money from Robinhood to my bank?
Robinhood processes your withdrawal request within a few hours on business days. Your bank then receives the transfer and credits it within 1 to 3 business days. Total time is usually 1 to 4 business days from the moment you request the withdrawal.
Can I withdraw money if I just bought stocks?
No. If you bought stocks with unsettled cash (money from a recent sale or deposit), you cannot withdraw until that cash settles. Stock purchases settle 2 business days after the buy date. Sell the stocks first, wait 2 business days for the sale to settle, then withdraw.
What if I entered the wrong bank account number when I linked my account?
If you linked an incorrect account, the verification deposits will go to the wrong bank. Unlink that account in Robinhood and add the correct one. The test deposits will be sent again to the right account. Once verified, future withdrawals will go to the correct place.
Does Robinhood charge a fee to withdraw money?
No. Robinhood does not charge a withdrawal fee. Your bank may charge a fee for receiving an incoming transfer, but most banks do not. Check your bank's fee schedule or contact them to confirm.
Can I withdraw money from a Robinhood Gold margin account?
Yes, but only the cash that belongs to you. If you borrowed money through margin (Robinhood Gold), you cannot withdraw the borrowed portion. Withdraw only up to your available cash balance, which excludes any margin loan balance.