How to Withdraw Cash from Your Robinhood Account: ACH, Wire Transfer, Debit Card, and ATM Methods

Withdrawing cash from your Robinhood account is a straightforward process, but the method you choose can affect the speed, convenience, and any potential fees involved. Whether you want to transfer funds to your bank via ACH, wire transfer, use a debit card, or withdraw from an ATM, Robinhood provides several flexible options. Here's a detailed guide on how to use each method.

1. ACH Transfer (Automated Clearing House)

Overview: ACH transfers are the most common and cost-effective way to move money between your Robinhood account and a linked bank account.

Steps to Withdraw via ACH:

1. Open the Robinhood App or visit robinhood.com and log in.
2. Tap on the Account icon (bottom right on the app).
3. Choose Transfers > Transfer to Your Bank.
4. Select the bank account you want to send funds to.
5. Enter the amount you want to withdraw.
6. Confirm the transfer details and submit.

Processing Time:

• Typically 3–5 business days for the funds to reach your bank account.

Fees:

• Free of charge.

Note: Funds from recently sold assets may take up to 2 business days to settle before they are available for withdrawal.

2. Wire Transfer (Currently Limited Availability)

Overview: Robinhood currently supports wire transfers for withdrawals primarily through Robinhood Gold and Retirement accounts. It’s not the default method for individual brokerage accounts.

How to Withdraw via Wire Transfer:

• You must contact Robinhood Support to initiate a wire transfer.
• Provide the bank wire details, including routing number, SWIFT/BIC code (if international), and account number.
• Wire transfers are usually processed manually.

Processing Time:

• Usually 1 business day after initiation.

Fees:

• $25 domestic wire transfer fee.
• Higher for international wires depending on intermediary banks.

Important: Confirm with Robinhood support whether your account is eligible before proceeding.

3. Debit Card Withdrawal (Robinhood Cash Card)

Overview: If you have the Robinhood Cash Card, you can access funds from your brokerage account quickly, including after selling stocks or receiving a direct deposit.

How to Use Your Robinhood Cash Card:

• Use it like any debit card for purchases or cash withdrawals at ATMs.
• You can transfer funds from your brokerage account to your Cash Card balance instantly (subject to availability).

Steps to Move Funds to the Cash Card:

1. In the app, go to Cash tab.
2. Tap Transfer Money.
3. Select From Brokerage → To Cash Card.
4. Enter the amount and confirm.

Processing Time:

• Instant, once funds are available for withdrawal.

Fees:

• No Robinhood fees for using the debit card.
• ATM fees may apply, but Robinhood offers free ATM access at Allpoint ATMs.

4. ATM Withdrawal

Overview: Robinhood users with the Robinhood Cash Card can withdraw cash at ATMs, just like with a traditional bank debit card.

ATM Withdrawal Process:

1. Find a fee-free Allpoint ATM using the ATM locator in the Robinhood app.
2. Insert your Robinhood Cash Card and enter your PIN.
3. Choose the withdrawal amount and follow on-screen prompts.

Limits:

• Up to $1,010 per day in ATM withdrawals.
• Up to $3,000 per day in debit purchases (combined limit with ATM withdrawals).

Fees:

• Free at Allpoint ATMs.
• Fees may apply if using out-of-network ATMs.

Final Notes & Tips

• Unsettled Funds: If you recently sold securities, it may take up to 2 business days for your funds to settle before they become withdrawable.
• Withdrawal Limits: Robinhood may limit the amount or frequency of withdrawals, especially for newly linked bank accounts or new users.
• Account Security: Always enable two-factor authentication (2FA) and monitor your transaction history regularly.

Summary Table

MethodSpeedFeesRequirementsACH Transfer3–5 Business DaysFreeLinked bank accountWire Transfer1 Business Day$25+Contact support, eligible accountDebit CardInstantFreeRobinhood Cash CardATM WithdrawalInstantFree at AllpointRobinhood Cash Card + PIN

Robinhood makes it relatively easy to move your money in and out of your account, whether you want it quickly or prefer a no-fee option. Choose the method that best fits your needs, and always check your account for current eligibility and limits.