Are you wondering How To Withdraw Money From Robinhood? Here you will get answers to common questions, and provide step-by-step directions on how to withdraw money from your Robinhood Account. Understanding how to withdraw money is important, whether you want to access your earnings to rebalance investments or to access your earnings. Let's get started!
Can Money Be Withdrawn from Robinhood?
Many Robinhood users wonder if their funds can be withdrawn. Yes, you can! Robinhood lets you withdraw cash as well as cryptocurrencies. There are different methods of withdrawing your money in the sections that follow.
How To Withdraw Money from Robinhood?
Here is a step-by-step guide on how to withdraw from Robinhood:
The Traditional Bank Transfer:
- Visit the Robinhood website or the app on your smartphone.
- Navigate to 'Account' on the left-hand side.
- Tap on "Transfer" and then "Transfer to Your Bank."
- Select the account to which you wish to transfer funds or create a new one.
- Enter the amount that you want to withdraw.
- Confirm the details of the transfer.
The Robinhood Debit Card:
You can withdraw money from ATMs accepting MasterCard if you have a Robinhood Debit Card.
- Find a Robinhood Withdrawable Cash ATM, and then follow the instructions on the screen to withdraw money.
- ACH Transfer
- Click on the "Account" tab.
- Choose 'Transfer,' then 'Transfer to Robinhood'.
- You will need to provide your bank account information and the amount that you wish to transfer.
ACH transfer: