How To Withdraw Money From Robinhood To Your Bank 2024

Robinhood is a commission free trading app which supports stock, ETF, options and even crypto trading.

In order to transfer money out of Robinhood, you need to have a cash balance within your Robinhood account. When you sell off shares of stocks, for example, the proceeds go to your cash balance and that can be transferred to your bank once the funds settle.

Whether you prefer a traditional bank transfer or the convenience of a Robinhood debit card, withdrawing money from your Robinhood account is a straightforward process.

In this article, we'll walk you through both methods.

Learn More: Robinhood Retirement 3% Match

Robinhood is a popular "all-in-one" investing app.

While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.

Introducing Robinhood Retirement; home of the biggest IRA match on the market.

Here's what you need to know:

• Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
• All Robinhood investors will get a 1% Match on what they Contribute or Transfer
• Robinhood Gold members will get a 3% Match - the biggest on the market

And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.

Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.

Best Free Stock Promotions

Brokerage	Promotion	Link
	1 Free Fractional Share Worth Up To $200	Learn More
	Earn Up To 40 Free Fractional Shares	Learn More
	5 Free Stocks When You Deposit $100+	Learn More
	$20 Bonus When You Invest $5+	Learn More

1. Bank Account Transfer

A traditional bank transfer is a secure and commonly used method to withdraw money from your Robinhood account.

Here's how to do it:

1. Open the Robinhood app on your mobile device
2. Tap on the account icon, typically located in the bottom right corner of the app
3. Once you're in your account, locate and select the 'Transfers' option
4. On the transfer page, select the option labeled 'Transfer to Your Bank'
5. Enter the amount you wish to withdraw from your Robinhood account
6. After entering the withdrawal amount, review your request and confirm it
7. Your withdrawal request will be processed, and the funds will be transferred to your linked bank account within a few business days

2. Robinhood Debit Card

Robinhood also offers a debit card option that allows you to withdraw money from ATMs or make purchases just like a regular debit card.

Here's how to make use of this option:

1. Begin by requesting a Robinhood debit card through the Robinhood app within the app's settings or under the "Cash Card" section
2. Once you receive your Robinhood debit card in the mail, follow the provided instructions to activate it
3. With your activated Robinhood debit card, you can now use it at ATMs to withdraw cash or for purchases at any merchant where Visa debit cards are accepted