How Do I Transfer Funds from My Robinhood Account?
If you have a Robinhood account then you will sometimes need to transfer money out of that account. If you want to withdraw it to your bank, you will first need to link your bank and Robinhood accounts. You can do all this online or by using the Robinhood app. You can also transfer money to another brokerage using an ACATS transfer, which the other brokerage must initiate.
If you have an account with Robinhood, you're going to need to know how to move money out of your account from time to time. There are a couple of different ways you can do that, depending on where you want to move the money to and how quickly you want to move it.
How to Transfer Money to Your Bank
You can transfer money from your Robinhood account to a linked bank account. Just follow these instructions:
- Sign into your Robinhood account.
- Tap or click on the Cash tab.
- Select Transfer.
- Select Transfer to Your Bank.
- Select the bank account you want to receive the funds.
- Enter the amount of money you want to transfer.
- Review the information and finalize the transfer.
The money should arrive in your bank in 3 to 5 business days.
How to Link Your Bank Account to Your Robinhood Account
You can use the Robinhood app to link your bank and Robinhood accounts by following these instruction:
- Tap on Account.
- Tap on the 3 bars icon.
- Tap on Transfers.
- Tap on Linked Accounts.
- Tap on Add Account.
- Look for your bank in the list of banks or search for it with the search bar.
- Tap on your bank.
- Enter your banking password and username.
- Select the account you want to link.
To use the Robinhood website to link accounts, follow these instructions:
- Click on Account.
- Click on Add New Account in the Linked Accounts section.
- Find your bank on the bank list or search for it with the search bar.
- Click on your bank.
- Enter your banking information.
- Select the account you want to link.
How to Transfer Money to another Brokerage
You can also take money out of your Robinhood account and send it to another brokerage by using the Automated Customer Account Transfer Service, or ACATS. Before you can do so, though, you need to get any restrictions on your account lifted. Once you do, contact the other brokerage and say that you want to initiate an ACATS transfer. That brokerage will contact Robinhood's clearing firm, which will handle the transfer. Robinhood cannot initiate the process itself.
Contacting Robinhood
If you have any questions about transfers out of your Robinhood account, contact a Robinhood customer service representative for help. To do so, you must use the help forum. There is no customer service phone line or any other online customer service contact options.
Further questions?
Solutions to similar problems
Why does GetHuman Write How-to Guides for Robinhood Problems?
GetHuman has been working for over 10 years on sourcing information about big organizations like Robinhood in order to help customers resolve customer service issues faster. We started with contact information and fastest ways to reach a human at big companies. Particularly ones with slow or complicated IVR or phone menu systems. Or companies that have self-serve help forums instead of a customer service department. From there, we realized that consumers still needed more detailed help solving the most common problems, so we expanded to this set of guides, which grows every day. And if you spot any issues with our How Do I Transfer Funds from My Robinhood Account? guide, please let us know by sending us feedback. We want to be as helpful as possible. If you appreciated this guide, please share it with your favorite people. Our free information and tools is powered by you, the customer. The more people that use it, the better it gets.