The basic process: three steps
To move money from Robinhood to your bank account, you go to the Transfers section in the Robinhood app, choose "Transfer to Your Bank," pick the amount, and confirm. Robinhood then sends the money to the bank account you registered when you opened your Robinhood account. The transfer usually takes one to three business days, though it can occasionally take longer if your bank is slow to process incoming transfers.
You can only transfer money to the bank account that is already linked to your Robinhood account. You cannot transfer to a different bank account without first changing your linked account in your Robinhood settings — and that change itself takes time to verify.
The money you transfer must be settled cash, not money tied up in stocks or other investments. If you have unsettled funds (money from a recent sale that hasn't finished clearing), you'll need to wait for those to settle before you can move them.
Key Takeaways
- Transfers from Robinhood to your bank account happen through the Transfers section of the app and typically take one to three business days.
- You can only transfer to the bank account already linked to your Robinhood account; changing the linked account requires verification and takes additional time.
- Only settled cash can be transferred — money from recent stock sales must finish clearing before you can move it.
- Robinhood does not charge a fee for transfers out, but your bank may charge a fee for receiving an incoming transfer.
- If a transfer fails, check that your bank account information is correct and that you have enough settled cash available.
Where to find the transfer option in the app
Open the Robinhood app and tap the Account icon (usually at the bottom right). From there, look for "Transfers" or "Transfer Money" — the exact wording varies slightly depending on whether you're on iOS or Android, but it's always in the Account menu. Tap it, then select "Transfer to Your Bank."
If you don't see a Transfers option, make sure you've completed account setup. Robinhood won't let you transfer money until your identity is verified and your bank account is fully linked. This usually happens within a few hours of opening your account, but can take up to a business day.
Checking that your bank account is linked correctly
Before you start a transfer, verify that the bank account information in Robinhood matches your actual bank account. Go to Account > Settings > Bank Accounts and check the account number and routing number. If either one is wrong, the transfer will fail and the money may be delayed getting back to you.
If you need to change your linked bank account, you'll have to remove the old one and add a new one. Robinhood will verify the new account by making two small test deposits to it — you'll need to confirm the amounts of those deposits in the Robinhood app before the new account is active. This verification process takes one to two business days.
Understanding settled cash versus unsettled funds
When you sell a stock or other investment in Robinhood, the money doesn't become available to transfer when ready. It goes into a settlement period, which is a waiting time required by the financial system. For stocks, this period is two business days. For some other investments, it can be longer.
During the settlement period, the money shows in your account but is marked as "unsettled" or "pending." You can use unsettled cash to buy new investments, but you cannot transfer it out to your bank. Once the settlement period ends, the cash becomes "settled" and you can transfer it. If you're not sure whether your cash is settled, go to Account > Buying Power and look for the breakdown between settled and unsettled amounts.
What happens if your transfer fails
A transfer can fail for a few reasons: your bank account information is incorrect, your bank rejected the incoming transfer, or you don't have enough settled cash. Robinhood will show you an error message explaining which one happened. If the error says your bank account is wrong, go back to Settings > Bank Accounts and double-check the account and routing numbers.
If your bank rejected the transfer, contact your bank directly to find out why. Some banks flag transfers from investment apps as suspicious and block them. Your bank may ask you to confirm the transfer or add Robinhood to a list of trusted senders. Once you've done that, you can try the transfer again.
If the transfer failed because you don't have enough settled cash, wait for any pending sales to settle, then try again. Money from sales usually settles within two business days of the sale date.
How long the transfer takes and what to expect
Once you confirm a transfer, Robinhood sends the money to your bank within one business day. Your bank then has one to two more business days to receive and post it to your account. In practice, most transfers show up within one to three business days total, but it can occasionally take longer if your bank is slow to process incoming transfers or if the transfer happens over a weekend or holiday.
You can check the status of a transfer by going to Account > Transfers and looking at the history. The status will show "Pending," "In Progress," or "Complete." Once it shows "Complete," the money has left Robinhood, but it may not be in your bank account yet — that depends on your bank's processing speed.
Fees and limits on transfers
Robinhood does not charge you a fee to transfer money out. However, your bank may charge a fee for receiving an incoming transfer, depending on your account type and your bank's policies. Check with your bank if you're unsure.
Robinhood does not publicly state a limit on how much you can transfer at once, but very large transfers may trigger extra verification steps or be reviewed for fraud prevention. If you're transferring a large amount and it gets held up, contact Robinhood support through the app to explain the transfer.
Frequently Asked Questions
Can I transfer money to a different bank account than the one I registered with?
No, not directly. You can only transfer to the bank account already linked to your Robinhood account. To transfer to a different account, you must first change your linked bank account in Settings, which requires Robinhood to verify the new account with test deposits. This takes one to two business days.
Why does my transfer say "pending" after three days?
Once Robinhood shows a transfer as "Complete," the money has left Robinhood and is with your bank. If it hasn't appeared in your bank account after three business days, contact your bank — they may be holding it for fraud review or may have rejected it without notifying you.
What if I sold stock but the money isn't available to transfer yet?
Stock sales take two business days to settle. During that time, the money is unsettled and cannot be transferred out. Wait for the settlement period to end, then the cash will be available. You can check the settlement date by looking at your transaction history.
Can I transfer money while the market is closed?
Yes. You can start a transfer anytime, including nights and weekends. However, Robinhood processes transfers during business hours, so a transfer started after market close may not leave Robinhood until the next business day.
What should I do if my bank rejected the transfer?
Call your bank and ask why the transfer was rejected. They may have flagged it as suspicious, or your account information may be incorrect. Once you've resolved the issue with your bank, go back to Robinhood and try the transfer again.