How to Perform Cash Withdrawals at Robinhood
Key takeaways:
• Robinhood provides multiple ways to withdraw money out of an account.
• Available options include wire transfers, ACH transactions, and account transfers.
• Outgoing wire transfers from a Robinhood investing account carry a fee, while standard ACH withdrawals are free.
Robinhood users have several choices when it comes to withdrawing cash. To understand how each option
works, read on.
Robinhood Wire Withdrawal
Wire transfers can be sent to or received from a Robinhood investing account. This option is generally used with brokerage accounts.
To initiate a wire transfer with a brokerage account, open the Robinhood mobile app and tap the profile icon. From there, tap the three horizontal lines to open the Menu. Select Transfers, and on the Transfers screen, choose the option for wire transfers.
After selecting this option, you’ll be taken to a screen where you can arrange a wire transfer connected to your
Robinhood brokerage account. Only banks based in the United States are supported, so SWIFT codes are not required.
The wire instructions page displays several important details your bank will request. These may include the routing number (021000021), the recipient’s address, and the account number. Each item can be easily copied using the copy button shown in the app.
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Robinhood ACH Withdrawal
ACH transfers allow money to move either into or out of a Robinhood account, making them a practical choice for withdrawals. To complete an ACH transfer, return to the Transfers page and select either Deposit or Withdraw, then follow the instructions provided. If you have not yet connected a checking or savings account, you can link one directly during this process.
In addition to standard ACH transfers, Robinhood may offer instant bank transfers in certain cases. The linked bank must support instant transfers, and the checking or savings account must be connected through Plaid. When an instant option is available, it will appear on the transfer screen. Instant withdrawals can also be completed using a debit card tied to an external checking account.
Robinhood Withdrawal Limits
ACH transfers do come with restrictions. Originated ACH withdrawals are limited to $50,000 per business day. Originated ACH deposits are generally limited to $50,000 or $250,000 per day, while non-originated ACH deposits and withdrawals are generally limited to $250,000 per day. Instant bank and instant debit card transfer limits vary by customer. ATM withdrawals are limited to $510 per day and $5,000 per month.
Robinhood Withdrawal Fees
Robinhood applies a $25 fee for outgoing wire transfers from a Robinhood investing account, while incoming transfers into Robinhood are generally free on Robinhood’s side. Standard ACH transfers are free of charge. Instant bank withdrawals and instant debit card withdrawals are subject to a fee of up to 1.75% of the transfer amount, with a minimum fee of $1 and a maximum fee of $150.
Withdraw Money via Robinhood Mobile App
The most familiar option for many is with the mobile app.
After opening the Robinhood app on your device, tap on the profile icon, open the Menu, and go to the Transfers screen.
You will be navigated to the transfers area, which gives you options to manage cash movements within Robinhood. To start the transfer request, click the green “Transfer” button to take you to the “Transfers” screen.
On the transfer screen, you can transfer money to and from Robinhood and manage the bank accounts associated with your Robinhood account. If you want to transfer to a different bank than the one already linked, you can set that up now or when selecting the account to transfer to. Keep in mind that it may result in additional delays if you are withdrawing to a different bank than you have deposited from within 60 days of the last deposit.
Adding an additional bank account uses Plaid, a 3rd party provider that integrates with many popular banks. Tap “Continue” to select your bank.
The most popular banks are shown by default, but Plaid supports many different banks, so just search for your bank. If it’s not found, you will have to verify it manually, in which case you get 2 small deposits and have to enter the amounts. This could take 48 hours for the transfers to show in your bank, adding delays.
Once the bank you want to withdraw to has been verified, you can complete the transfer process by tapping on “Transfer money”, the first option on the “Transfers” screen taking you to the “Transfer money” screen shown below.
Tap the “Select an account” under the “From” section and select your Robinhood account. This will show how much cash is available to withdraw as well.
You repeat the same process in selecting your destination bank where you want the funds to go to and can also add a different bank at this step as well. Then, enter the amount you want to transfer and tap “Review” taking you to the confirmation screen shown below. To complete the request, tap “Transfer”.
Note: Robinhood is transparent about the typical time it takes, indicating the funds will be immediately unavailable from your account but can take up to 5 business days to reach your bank account.
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3% deposit match and FREE stock worth up to $200 at Robinhood.
How Long Does Robinhood Withdrawals Take?
Robinhood does support wire withdrawals from eligible investing accounts. Standard bank withdrawals may take up to 5 business days, and this still does not include the amount of time needed for transactions to settle. Stock, ETF, and option transactions settle on a T+1 basis before the proceeds become available for withdrawal.
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Withdraw Money from Robinhood.com Website
If you’ve deleted the app from your phone to avoid constantly looking at your portfolio, you can always request transfers online directly from Robinhood.com. There is no difference in the functionality, only the user experience.
After logging in to Robinhood.com, click the “Account” menu in the top right to bring up the dropdown menu. Select “Transfers” to go to the “Transfers” page.
On the “Transfers” page, you will see your “Linked Accounts”. If you would like to transfer to a new account not listed, click “Add New Account”. Otherwise, jump to step 5.
Similar to the mobile experience, Robinhood uses Plaid with the website as well, a 3rd party financial institution, to auto-connect and verify your bank account. Many large banks are supported by Plaid. Just click “Continue” to start.
The most popular banks are listed by default. You can scroll down in the popup for more banks asking you to “Search” if you can’t find your bank. If you start searching and still can’t find your bank, you will have the option to add manually, which will trigger micro-deposits that can take up to 48 hours to verify. Once you’ve found your bank, follow the on-screen process that varies between banks.
After verifying or adding the account you want to withdraw funds to, use the “Transfer money” panel to the right. Enter the amount to transfer, with a total originated-ACH withdrawal limit of the day of $50,000 including transfers requested from the mobile app. Select the dropdown in the “From” section and choose your “Robinhood” account.
Follow the same process to select the destination account.
Then, you will need to click “Review transfer”.
You will see the confirmation message confirming how much you want to transfer and giving the notice that the funds will be immediately unavailable from your Robinhood account and may take up to 5 business days to reach your destination account. Click “Transfer” to complete the request.
Why Can’t I Withdraw Money From Robinhood?
Robinhood makes it quick with various features to get money into your account such as “Instant deposit”, “Automatic deposits”, and “Referral stock” but has a longer wait period to get money out, though the process still fits the clean and simple user experience they are known for. Here are some common reasons why you aren’t able to withdraw money:
You recently made a deposit and expect to withdraw funds from the deposit or profit from transactions made with the deposited funds.
While you can start trading stocks right away with Instant Deposit, you generally cannot withdraw funds tied to that deposit until the deposit is fully complete, which may take up to 5 business days. This is separate from the T+1 settlement window for securities sales.
You recently made a sale that has not settled yet.
Stock, ETF, and option transactions take 1 trading day to settle. This means that you generally won’t be able to withdraw the cash until the next trading day after the sale.
You are withdrawing money to a different bank account than the account you deposited from within 60 days.
To reduce fraud, Robinhood requires additional verification when you are wanting to withdraw funds to a different bank account than the depositing bank account within the 60 day time window. This includes:
A brief description of why you are unable or unwilling to withdraw to the bank account you originally deposited funds from.
A photo of the front and back of your government-issued ID.
Bank statements showing that you are the account holder of the two linked bank accounts. Photos or PDFs must be clear and easy-to-read.
Amount and specific bank account that you’d like to transfer funds to.
Your account has a restriction which can include fraud inquiries or account levies.
You will have to contact Robinhood to resolve the issue.
You are trying to access cash from the sale of referral stock.
Robinhood gives away free stock for referring friends and family. The free stock can be sold but you won’t be able to withdraw the cash from the sale until 30 calendar days.
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Updated on 4/6/2026.
Arthur Chachuna is a professional personal finance blogger, and the owner of Brokerage-Review.com.
He has been an avid investor for 25 years, and has a background in both applied math and programming.
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