To withdraw funds from Robinhood, follow these steps:
– Open the Robinhood app or website.
– Tap or click the “Account” tab.
– Under “Balances,” tap or click “Withdraw.”
– Select the account you want to withdraw from.
– Enter the amount you want to withdraw.
– Tap or click “Review.”
– Confirm the withdrawal details and tap or click “Withdraw.”
The funds will be deposited into your bank account within 1-3 business days.
Transfer Funds to Another Account
To transfer funds from Robinhood to another account, follow these steps:
- Log in to your Robinhood account.
- Navigate to the “Account” tab.
- Click on “Withdraw Funds.”
- Select the destination account.
- Enter the amount you want to withdraw.
- Review and confirm the transfer.
Note that Robinhood may charge a fee for withdrawing funds. Please refer to Robinhood’s website for the most up-to-date information on fees.
Sell Investments and Withdraw Cash
To withdraw money from Robinhood, you first need to sell your investments. Here’s how:
- Open the Robinhood app and tap the Investing tab.
- Tap the stock or ETF you want to sell.
- Tap the Sell button.
- Enter the number of shares you want to sell and tap Review Order.
- Tap Sell to confirm the order.
Once your investments are sold, you can withdraw the cash. Here’s how:
- Tap the Account tab.
- Tap Transfer.
- Tap Withdraw.
- Enter the amount you want to withdraw and tap Continue.
- Confirm the withdrawal and tap Submit.
Your withdrawal will be processed within 5 business days.
| Fees | Amount |
| Standard withdrawal | Free |
| Instant withdrawal | $25 |
Contact Robinhood Support
If you’re having trouble getting your money out of Robinhood, the first step is to contact their support team. You can do this by:
- Sending an email to [email protected]
- Calling their customer service number at 888-718-6324
- Chatting with a representative at robinhood.com/contact-support
When you contact customer support, be sure to have the following information ready:
- Your Robinhood account number
- The amount of money you want to withdraw
- The bank account you want to deposit the money into
Withdrawing Funds from Robinhood
Robinhood is a popular online brokerage platform that allows users to invest in stocks, ETFs, and cryptocurrencies. Withdrawing funds from Robinhood is a straightforward process that can be completed in a few simple steps.
Use a Third-Party Transfer Service
One option for withdrawing funds from Robinhood is to use a third-party transfer service. These services allow you to transfer funds from your Robinhood account to your bank account or another brokerage account. Some popular third-party transfer services include:
- ACH transfer
- Wire transfer
- PayPal
- Venmo
To use a third-party transfer service, you will need to create an account with the service and link your Robinhood account. Once your accounts are linked, you can initiate a transfer by following the instructions provided by the service.
Other Withdrawal Methods
In addition to using a third-party transfer service, you can also withdraw funds from Robinhood by:
- Check: You can request a paper check from Robinhood, which will be mailed to your address on file.
- Debit card: If you have a Robinhood debit card, you can use it to withdraw funds from any ATM that accepts Visa.
Withdrawal Fees
Robinhood charges a flat fee of $75 for all ACH transfers and $25 for all wire transfers. There is no fee for requesting a paper check. However, your bank may charge a fee for depositing the check.
Withdrawal Processing Time
The processing time for withdrawals from Robinhood varies depending on the method you choose.
| Withdrawal Method | Processing Time |
|---|---|
| ACH transfer | 2-3 business days |
| Wire transfer | 1-2 business days |
| Paper check | 5-7 business days |
Well, there you have it, folks! I hope this guide has helped you navigate the sometimes tricky waters of withdrawing your hard-earned cash from Robinhood. I know it can feel a bit daunting at first, but follow these steps and you’ll be good to go. Thanks for reading, and if you ever have any more financial conundrums, don’t hesitate to swing by again. We’re always happy to help!