You can withdraw and transfer money from Robinhood to your bank account, but there are some limitations. You can only make five withdrawals per trading day and up to a maximum of $50,000 per day. After you sell your stock, you will need to wait up to three trading days for the trade to settle. You also can’t withdraw funds if your account is restricted.

Given its user-friendly appearance and accessibility, Robinhood has become one of the most popular trading platforms for young investors. If you’ve had success trading on the platform, you may have a lot of money in your account that you could use elsewhere. So, how do you withdraw money from your Robinhood account?

Fortunately, withdrawing money from Robinhood is a simple process, which you can do through your phone or by accessing the Robinhood website. However, there are a few guidelines every user must follow before withdrawing funds.

Keep reading to learn how to withdraw money from Robinhood, the rules you must follow to complete your withdrawal, and what may prevent you from doing so.
Can you remove your money from Robinhood?
Yes, you can withdraw money from Robinhood. However, to protect users and their information, the platform has a few precautionary measures in place. Keep the following in mind before trying to withdraw money from Robinhood.
You cannot withdraw money if your account is restricted.
Though you can begin trading the same day with the “Instant Deposit” policy, you cannot withdraw funds instantly.
The withdrawal process can take up to five business days to complete.
How to withdraw funds from Robinhood?
Robinhood offers users a few withdrawal options depending on how you use the platform. Following the appropriate steps below regarding the withdrawal process through the mobile application or website version of Robinhood.
iOS or Android smartphone
Tap the Account icon in the bottom right corner.
Click the Transfers option at the top of the drop-down menu.
Tap Transfer to Your Bank.
Choose the bank account you want to transfer to.
Enter the amount you wish to transfer. You may need to add a brief description.
Tap Submit.
Website
Click Account in the upper right corner.
Pick Transfers in the Transfers menu.
Start the transfer to your bank account using the panel on the right-hand side.
Robinhood withdrawal rules
The above steps will allow you to conduct Robinhood withdrawals provided you follow the rules.
Five days pending. You have to wait up to five trading days after depositing money. You can access your money after five days. While Robinhood users can start trading once they deposit money into their Robinhood account from a banking account or debit card, you are not allowed to withdraw money from your account before the five days are up.
Trade must settle. Once you receive money, it may take three business days for your purchase or sale of stock to be complete. You could be eligible for instant settlements if you are a Robinhood Gold or Robinhood Instant user. Therefore, you can instantly transfer from your account immediately after selling your investments.
Maximum withdrawal amount. You can withdraw up to the maximum amount, $50,000, per business day. Once you withdraw the maximum, any further attempts to withdraw money will result in an error.
Number of withdrawals. You are restricted to five withdrawals every business day. Once you reach the limit, you must wait until the next trading day to make another transfer.
Free stock. You have to wait 30 days to receive your money after selling your free Robinhood stock. If you received free stock from the Robinhood Referral program, you could sell it, but you must hold onto the stock’s cash value in your account for 30 days before pulling it out.
Transfer to a different account. If you want to transfer funds into an account that is not your preferred account, you may run into issues. Robinhood may find it suspicious if you deposited money into your Robinhood profile from one account and want to transfer it into another bank account. Because of this, you may need to provide documents to prove that you own both bank accounts, including sending copies of your photo ID or bank statements.
Blocked account. You can’t withdraw money if your account is blocked. Robinhood may restrict your account for several reasons, including a negative balance. You must contact Robinhood to resolve your issue before withdrawing money.
Robinhood Gold. You must maintain a $2,000 balance if you invest in Robinhood Gold. You need to keep a minimum account balance of $2,000 to meet the requirements for borrowing.
Why is my account blocked?
Robinhood may block your account for several reasons, including fraud inquiries into your account, a negative balance, or a previous bank transaction bounce. Not only will a restriction prevent you from withdrawing money, but you’ll also be restricted from making any additional trades and buying cryptocurrency using Robinhood.

In addition to the above incidents, Robinhood may also block your account if any creditors place a levy on your account due to unpaid debts. To remedy the situation, you’ll have to pay down the debts before continuing to use Robinhood.
Robinhood alternatives
Even though Robinhood has become a favorite of many beginning investors, that doesn’t mean they’re the only game in town. Whether you’re looking to move away from the platform or start a new broker account, there are several brokerages to choose from and compare.
Compare Brokerages
Compare reviews and details for top Brokerages before making a decision.
How do you cancel a withdrawal?
Maybe you wanted to withdraw your money at first but now want to invest in a different stock. If you’ve already started the withdrawal process, don’t worry! Robinhood makes it easy to cancel your pending withdrawal.
Tap the Account icon in the bottom right corner.
Click the Menu icon (the three lines) in the top right corner.
Tap History.
Select the pending withdrawal you want to abort.
Select Cancel Transfer.
This will instantly stop the withdrawal request, and you can continue to use the funds in your account.
Is there a fee to withdraw money?
Robinhood does not have withdrawal fees or hidden fees, but that doesn’t mean you won’t encounter any fees while trading on the platform.

When trading, you’ll likely see regulatory trading fees, international bank withdrawal fees, trading activity fees, or a fee for transferring to another brokerage firm. Fortunately, Robinhood does not charge any fees for either domestic or international wire transfers.
FAQs
Why can’t I withdraw my money from Robinhood?
You can’t do bank transfers from your account if you have reached the withdrawal limit on Robinhood, have an account restriction, or have already deposited money into your Robinhood account.
How long does it take to withdraw money from Robinhood?
It could take up to three days to withdraw money from your Robinhood account. Withdrawals are not instantaneous regardless of your account type.
Can you cash out cryptocurrency in Robinhood?
Robinhood allows users to trade cryptocurrencies as an online broker. However, you cannot cash out your cryptocurrency or transfer funds to another brokerage firm using the platform.