You can transfer money out of Robinhood to your bank account in two to three business days
Robinhood lets you move cash from your account to any U.S. bank account you own. The process takes place entirely within the Robinhood app or website — you don't call anyone or fill out forms outside the platform. Most transfers land in your bank account within two to three business days, though the exact timing depends on your bank.
You can transfer out cash that's sitting in your account right now. You cannot transfer out stocks, ETFs, or other investments directly — you must sell them first and then transfer the cash proceeds. If you want to move your actual investments to another brokerage (like Fidelity or Charles Schwab), that's a different process called an account transfer, which we cover below.
Key Takeaways
- Cash transfers from Robinhood to your bank take two to three business days and happen through the Robinhood app or website.
- You must sell any stocks or funds before transferring money out — Robinhood does not let you move investments directly to another brokerage through a straightforward cash transfer.
- Robinhood charges no fee for cash transfers, but your bank may charge a fee if you're receiving money from an external source.
- If you want to move your actual investments to another brokerage without selling, you need an account transfer (also called an ACAT), which takes one to two weeks.
- Transfers fail most often because the bank account information doesn't match your Robinhood account name or because you've entered the routing number incorrectly.
How to transfer cash from Robinhood to your bank account
Open the Robinhood app or go to robinhood.com and log in. Tap or click the Account icon (usually at the bottom right on mobile, top right on desktop). Look for "Transfers" or "Transfer Funds" — the exact label varies depending on whether you're on mobile or web.
Select "Transfer to Your Bank" or "Withdraw." Robinhood will show you any bank accounts you've already linked. If this is your first transfer, you'll need to add your bank account. Enter your bank's routing number (a nine-digit code your bank provides), your account number, and the account type (checking or savings). Make sure the name on the bank account matches the name on your Robinhood account exactly — mismatches are the most common reason transfers fail.
Enter the amount you want to transfer. You can only transfer cash that's currently in your account — if you have unsettled funds (cash from a recent sale that hasn't cleared yet), Robinhood will show you how much is available to transfer right now. Confirm the transfer. Robinhood will send the money to your bank, and you should see it arrive within two to three business days. Transfers initiated on weekends or holidays may take longer because banks don't process them until the next business day.
Why your transfer might fail or be delayed
The most common reason a transfer fails is a mismatch between the name on your bank account and the name on your Robinhood account. If your Robinhood account is under "John Smith" but your bank account is under "John Michael Smith," the transfer will be rejected. Log into your Robinhood account and check the name in your profile settings. If it doesn't match your bank account exactly, you'll need to update it before trying again.
Incorrect routing numbers also cause failures. Your bank's routing number is not the same as your account number. You can find your routing number by calling your bank, checking your checks, or searching your bank's website. Some banks have multiple routing numbers depending on which branch you use, so double-check that you're using the right one.
Transfers initiated late in the day or on weekends won't process until the next business day. If you initiate a transfer on Friday afternoon, it may not arrive until Tuesday or Wednesday. Robinhood shows you the expected arrival date before you confirm, so check that before you submit.
Moving your investments to another brokerage without selling
If you want to transfer your actual stocks, ETFs, or other holdings to another brokerage like Fidelity, Charles Schwab, or E*TRADE, you need an account transfer (also called an ACAT, or Automated Customer Account Transfer). This is different from a cash transfer. An account transfer moves your investments as they are — you don't sell them, and you don't trigger capital gains taxes on the sale.
Start the transfer at the brokerage you're moving to, not at Robinhood. Log into your new brokerage's account and look for "Transfer Accounts" or "Move My Investments." You'll provide your Robinhood account information, and the new brokerage will contact Robinhood on your behalf. Robinhood will then move your holdings over. This process takes one to two weeks.
Robinhood charges a $75 account transfer fee, which is deducted from your account during the transfer. Some brokerages reimburse this fee if you transfer a certain amount (often $25,000 or more), so check with your new brokerage before you start. You cannot initiate an account transfer from Robinhood's side — you must start it through the receiving brokerage.
What happens to unsettled funds and pending trades
If you have a trade that hasn't settled yet (most stock trades settle in two business days), you cannot transfer that cash out until the trade settles. Robinhood will show you your "available to transfer" amount, which excludes unsettled funds. Wait for the trade to settle, then initiate your transfer.
If you have a pending order to buy or sell, cancel it before you transfer money. Robinhood won't let you transfer cash that's reserved for a pending order. Once the order is cancelled, that cash becomes available to transfer.
Fees and taxes on transfers
Robinhood does not charge you a fee to transfer cash out to your bank account. However, your bank may charge a fee for receiving an incoming wire or transfer from an external source — check with your bank about their policy.
Transferring cash out does not create a tax event. You only owe taxes on gains or losses when you sell investments, not when you move money between accounts. If you sell stocks before transferring the cash, you may owe capital gains tax on the profit, depending on how long you held the stock and your income level. That's a separate tax matter from the transfer itself.
Frequently Asked Questions
How long does a transfer to my bank account actually take?
Most transfers arrive within two to three business days. If you initiate the transfer on a weekday morning, it typically arrives by the end of the following business day or the day after. Transfers initiated on weekends or after market close may take longer because banks don't process them until the next business day opens.
Can I transfer money back into Robinhood from my bank?
Yes. In the Robinhood app, go to Account, then Transfers, then "Transfer from Your Bank." Add your bank account if you haven't already, enter the amount, and confirm. The money usually arrives within three to five business days. Robinhood does not charge a fee, but your bank may.
What if I want to move my stocks to another brokerage but keep some cash in Robinhood?
You can do a partial account transfer. When you initiate the transfer at your new brokerage, you can specify which investments to move and which to leave behind. Cash balances typically don't transfer — only investments do. After the transfer completes, you can then transfer any remaining cash out separately.
Do I need to close my Robinhood account to transfer money out?
No. You can transfer money out and keep your Robinhood account open. You can also transfer money back in later if you want to trade again. Closing your account is a separate step you take only if you no longer want the account to exist.
What if my bank rejects the transfer?
Contact your bank first to find out why they rejected it. Common reasons include a name mismatch, an incorrect account number, or a closed account. Once you fix the issue with your bank, you can initiate the transfer again from Robinhood. If the problem is on Robinhood's end, contact Robinhood support through the app.