Sweenybianca
New Member
Robinhood is a widely-used trading platform, especially among beginner investors, thanks to its simple interface and commission-free trades. But once you've made profits or no longer wish to keep funds in your brokerage account, withdrawing money from Robinhood to your bank account becomes essential. In this comprehensive guide, we explain how to cash out from Robinhood, including how to sell stock, transfer funds, and understand fees, timing, and instant withdrawal options.
How Do I Withdraw Money from Robinhood?
Withdrawing money from Robinhood is straightforward if you follow the proper steps. Before withdrawing, make sure your funds are settled. Typically, it takes up to two trading days for funds from a sale to become available as buying power or withdrawable cash.
Step-by-Step Guide to Withdraw Money from Robinhood to Your Bank Account:
How to Sell Stock on Robinhood and Cash Out
Before you can cash out funds, you must convert your investments into cash. Here’s how to sell your stock on Robinhood:
How Do You Cash Out on Robinhood Instantly?
Robinhood offers Instant Deposit, but unfortunately, there is no official Instant Withdrawal feature to bank accounts. However, with Robinhood Gold, users gain access to faster deposits and larger instant transfer limits, but withdrawals still follow standard processing times.
For users with Robinhood Debit Card, there’s a workaround:
How to Cash Out Robinhood Buying Power
Buying power refers to the cash available in your account to make purchases. If you’ve deposited funds or sold stocks and want to cash out, follow these steps:
How to Cash Out from Robinhood to a Bank Account
To ensure successful cashing out from Robinhood to your bank account:
How Much Does Robinhood Charge to Cash Out?
Robinhood does not charge any fees for standard withdrawals to a bank account. Here's a breakdown:
Always check with your bank for any fees on their end, though Robinhood itself keeps most cash-out services fee-free.
How Long Does It Take to Cash Out on Robinhood?
Here’s how long it takes depending on the method:
Key Timing Notes:
Troubleshooting Common Withdrawal Issues
If you're unable to withdraw from Robinhood, consider the following:
Final Thought
Cashing out from Robinhood is a seamless process when you understand the timing, settlement rules, and proper steps. Whether you’re withdrawing profits, converting buying power, or accessing funds through the Robinhood Cash Card, always ensure you’re complying with withdrawal policies and keeping your account in good standing. Robinhood doesn’t charge for most withdrawal options, making it an efficient platform for both investing and cashing out.
How Do I Withdraw Money from Robinhood?
Withdrawing money from Robinhood is straightforward if you follow the proper steps. Before withdrawing, make sure your funds are settled. Typically, it takes up to two trading days for funds from a sale to become available as buying power or withdrawable cash.
Step-by-Step Guide to Withdraw Money from Robinhood to Your Bank Account:
- Open the Robinhood App or log in through the web platform.
- Tap the "Account" icon (person icon in the bottom-right).
- Select “Transfers”.
- Tap “Transfer to Your Bank”.
- Enter the amount you wish to withdraw.
- Choose the linked bank account.
- Confirm the transaction.
How to Sell Stock on Robinhood and Cash Out
Before you can cash out funds, you must convert your investments into cash. Here’s how to sell your stock on Robinhood:
- Navigate to the stock you wish to sell.
- Tap “Trade”, then select “Sell”.
- Enter the number of shares.
- Choose the order type: market, limit, stop-loss, etc.
- Review and confirm your sale.
How Do You Cash Out on Robinhood Instantly?
Robinhood offers Instant Deposit, but unfortunately, there is no official Instant Withdrawal feature to bank accounts. However, with Robinhood Gold, users gain access to faster deposits and larger instant transfer limits, but withdrawals still follow standard processing times.
For users with Robinhood Debit Card, there’s a workaround:
- Withdraw your money using the Robinhood Cash Card.
- Spend directly or withdraw at ATMs for quicker access to cash.
- Robinhood supports free withdrawals at over 75,000 ATMs.
How to Cash Out Robinhood Buying Power
Buying power refers to the cash available in your account to make purchases. If you’ve deposited funds or sold stocks and want to cash out, follow these steps:
- Verify your buying power is available.
- Tap on “Account” > “Transfers” > “Transfer to Your Bank.”
- Enter an amount up to your available buying power.
- Choose the bank account you want to receive the funds.
- Confirm the transaction.
How to Cash Out from Robinhood to a Bank Account
To ensure successful cashing out from Robinhood to your bank account:
- Ensure your bank account is linked correctly.
- Wait for settlement periods (T+2 days for stock sales).
- Confirm that the cash is withdrawable, not pending.
- Go to the Transfers section in the app.
- Tap "Transfer to Your Bank".
- Select amount and bank, and confirm.
How Much Does Robinhood Charge to Cash Out?
Robinhood does not charge any fees for standard withdrawals to a bank account. Here's a breakdown:
| Type of Withdrawal | Fee |
| Standard Bank Transfer | Free |
| Wire Transfers | $25 per transaction |
| Debit Card Withdrawals | Free at in-network ATMs |
| Out-of-network ATM Fees | Varies by bank |
How Long Does It Take to Cash Out on Robinhood?
Here’s how long it takes depending on the method:
- Standard Bank Transfer: 3–5 business days
- Stock Sale Settlement: 2 business days
- Robinhood Cash Card ATM Access: Instant access to settled funds
- Wire Transfers: 1–2 business days (fee applies)
Key Timing Notes:
- You must wait 5 trading days after a deposit before withdrawing it to your bank.
- You must wait up to 2 days after selling stock for funds to settle.
Troubleshooting Common Withdrawal Issues
If you're unable to withdraw from Robinhood, consider the following:
- Funds Are Not Settled: Wait the mandatory 2 business days.
- Recent Deposit Restrictions: Withdrawals of recent deposits are locked for 5 business days.
- Bank Link Issue: Reconnect your bank account.
- Exceeded Daily Limit: Robinhood may restrict daily withdrawals.
- App Bug: Try logging out and back in or updating the app.
Final Thought
Cashing out from Robinhood is a seamless process when you understand the timing, settlement rules, and proper steps. Whether you’re withdrawing profits, converting buying power, or accessing funds through the Robinhood Cash Card, always ensure you’re complying with withdrawal policies and keeping your account in good standing. Robinhood doesn’t charge for most withdrawal options, making it an efficient platform for both investing and cashing out.