Investors who use Robinhood for trading may occasionally come across a situation where they try to withdraw cash from their account, only to find that their withdrawable cash balance is $0.
This can be frustrating and worrying, but there are several reasons why this might occur, including recent market volatility and account activity.
Keep on reading to learn what might be causing this, or watch my full Robinhood tutorial below!
The most common reason behind seeing $0 withdrawable cash is the settlement period.
When you sell equities or stocks in your brokerage account, the transaction must first "settle" before you can withdraw the funds to your bank account.
For equities (stocks), the settlement period is typically the trade date plus two trading days (T+2), known as regular-way settlement. Importantly, weekends and holidays do not count as trading days.
This means that if you sell stocks on Monday, the funds will not be available for withdrawal until Thursday.
During this settlement period, the funds will not be included in your withdrawable cash balance.
Once the settlement period has passed, the funds will be released and will appear as withdrawable cash. At this point, you can transfer the funds to your bank account if you wish.
If you hold cryptocurrencies like Bitcoin on Robinhood, you might notice your withdrawable cash showing as $0 due to market volatility or pending transactions.
Cryptocurrency prices are highly volatile, so the value of your holdings can fluctuate rapidly, affecting the withdrawable cash balance. Additionally, recent trades or deposits involving cryptocurrencies may be temporarily processing, causing a temporary hold on available funds.
In these cases, it's advisable to wait for transactions to complete or market conditions to stabilize. If the issue persists, contacting Robinhood customer support can provide assistance.
Pending buy or sell orders can also reduce your withdrawable cash balance to $0. Funds allocated for these pending orders are held and are not available for withdrawal.
To free up these funds, you may need to cancel any pending orders in your account. Check your order history and cancel any outstanding transactions that you no longer wish to execute.
Recent deposits to your Robinhood account can cause delays before funds become withdrawable. There is typically a processing time before deposited funds are fully available for withdrawal.
Additionally, Robinhood enforces daily withdrawal limits on transfers to your bank account and debit card withdrawals. If you exceed those limits, your withdrawable cash balance might temporarily show as $0 until limits reset.
Another straightforward reason for a $0 withdrawable cash balance is that you simply have no funds available in your account.
Recent withdrawals, trades resulting in losses, or market fluctuations—especially in volatile crypto assets—can reduce your account balance to zero or less, meaning there is nothing to withdraw.
If this is the case, you will need to deposit additional funds into your account before being able to withdraw again.
If you discover your withdrawable cash balance on Robinhood is $0, the cause is likely related to the settlement period, pending orders, account balance limitations, or market volatility in cryptocurrencies.
Remember that withdrawal availability may take several days to update following trades, deposits, or market fluctuations.
If you encounter persistent issues or have concerns, it is always advisable to contact Robinhood customer support directly for help and clarification.
To learn more about how Robinhood works and stay updated on its latest features, check out our comprehensive beginner's guide to Robinhood.
