Robinhood, a popular investment platform, offers users the ability to trade stocks, options, and cryptocurrencies without paying commissions. While it's easy to invest on Robinhood, withdrawing money from the platform requires some understanding of the process and potential fees involved. In this article, we will explore how long it takes to withdraw money from Robinhood, whether Robinhood charges any fees for withdrawals, and answer some frequently asked questions.

How to Withdraw Money from Robinhood?

Withdrawing money from Robinhood is straightforward, and the process can be done entirely through the mobile app or website. Here’s a step-by-step guide:

Once you’ve completed these steps, Robinhood will initiate the transfer to your linked bank account.

Why Can't I Withdraw My Money from Robinhood?

If you’re unable to withdraw money from your Robinhood account, there could be several reasons:

If you’re facing problems withdrawing money, it's best to check for these common issues or contact Robinhood customer support for assistance.

How Long Does It Take to Withdraw Money from Robinhood?

Typically, it takes two to three business days for money to be withdrawn from your Robinhood account and deposited into your bank account. Here's a breakdown of the timeline:

• Selling stocks or other assets: After selling an asset, the proceeds need to settle, which takes two business days (T+2).
• Initiating a withdrawal: Once your funds are settled, you can initiate the withdrawal. It usually takes an additional two to three business days for the money to appear in your bank account.

In total, it could take between four and five business days from the time you sell an asset until the funds are available in your bank account.

Does Robinhood Charge to Withdraw? How Much Is the Robinhood Monthly Fee?

Robinhood does not charge any fees for standard ACH withdrawals. You can withdraw funds from your account to your linked bank account without any additional charges.

However, Robinhood does have other fees related to certain services:

• Robinhood Gold: This is a premium service that offers features like margin trading and access to market data. Robinhood Gold costs $5 per month, with additional interest charges if you use margin.

For standard users not using premium features or margin, there is no monthly fee. Additionally, there are no charges for basic withdrawals, but if you request a domestic wire transfer, Robinhood charges a $25 fee for each transaction.

How Fast Can You Withdraw Cash from Robinhood?

The withdrawal process from Robinhood is not instantaneous. Once you've initiated a withdrawal, it typically takes two to three business days for the funds to transfer to your bank account. The speed of this transfer depends on your bank’s processing time, but generally, it does not exceed three business days.

How Long Does It Take to Withdraw Money from Robinhood After Buying a Stock?

If you’ve recently bought or sold stocks on Robinhood, you’ll need to wait for the transaction to settle before you can withdraw the money. According to FINRA regulations, the settlement period for most stock transactions is T+2, meaning it takes two business days after the trade date for the funds to settle. After this settlement period, you can initiate the withdrawal, which will take an additional two to three business days to reach your bank account.

In total, withdrawing money after buying or selling stocks can take four to five business days.

How Much Does Robinhood Charge to Withdraw?

For most users, Robinhood does not charge any fees for withdrawing money via ACH transfer. This is the standard withdrawal method, and it’s free of charge. However, Robinhood does impose fees for other types of withdrawals:

• Domestic wire transfer: $25 per transfer.
• International wire transfer: $50 per transfer.

These fees apply only to wire transfers, not the standard ACH transfers that most users will use to withdraw their funds.

FAQs

Why Can't I Withdraw My Money from Robinhood?

You may be unable to withdraw money due to:

• Unsettled funds: It takes two business days for the sale of stocks to settle.
• Withdrawal limits: You can only withdraw up to $50,000 per day.
• Account restrictions: If there’s an issue with your account, you may be temporarily restricted from withdrawing money.

How Long Does It Take to Withdraw Money from Robinhood?

It typically takes two to three business days for a withdrawal to reach your bank account once it’s initiated. However, if you’ve sold stocks, the total time may be four to five business days, including the settlement period.

Does Robinhood Charge to Withdraw? How Much Is the Robinhood Monthly Fee?

Robinhood does not charge for standard ACH withdrawals, but a $25 fee applies for domestic wire transfers. For those who use Robinhood Gold, there is a $5 monthly fee.

How Fast Can You Withdraw Cash from Robinhood?

Once you initiate a withdrawal, it typically takes two to three business days for the funds to reach your bank account.

How Long Does It Take to Withdraw Money from Robinhood After Buying a Stock?

After selling a stock, it takes two business days for the funds to settle. Once settled, it can take an additional two to three business days for the money to be withdrawn to your bank account.

How Much Does Robinhood Charge to Withdraw?

Robinhood does not charge for ACH transfers, but if you request a wire transfer, there is a $25 fee for domestic transfers and a $50 fee for international transfers.