Investing Simple Logo
Get 1 Free Stock Worth Up To $200 From Robinhood!
Sign up with Robinhood, deposit any amount and get 1 Free Stock. It takes less than 3 minutes to sign up and claim your Free Stock Bonus.
Webull free stock promotion
Get Up To 5 Free Stocks From Webull
Open a new Webull brokerage account today and deposit any amount of money to receive 5 free stocks. Webull offers commission free stock, ETF, option and crypto trading.
Written by Sam Pennington on March 19, 2023
FTC Disclosure

Why Can't I Withdraw Money From Robinhood?

Robinhood has become a popular platform for buying and selling stocks, and for many investors, the process of withdrawing funds from the platform is straightforward.

However, there may be times when you encounter issues with withdrawing money from Robinhood, leaving you frustrated and wondering why you can't get your funds.

Here are some common reasons why you may not be able to withdraw money from your Robinhood account:

Account Restriction

If your Robinhood account has been restricted, you may be unable to withdraw funds.

Restrictions can occur due to a variety of reasons, including unusual account activity, compliance issues, or security concerns. If you believe your account has been restricted in error, or if you need help resolving the issue, you should contact Robinhood's customer support team.

They can provide more information on why your account has been restricted and what steps you need to take to remove the restriction.

Settlement Period

After you sell equities in your brokerage or retirement account, the transaction usually needs to "settle" before you can withdraw the proceeds to your bank account.

The settlement period for equities is the trade date plus two trading days (T+2), sometimes referred to as regular-way settlement.

During this time, Robinhood is settling the transaction with the stock exchange, which can take a couple of days. Once the settlement period is over, the funds will be available for withdrawal.

Final Thoughts

If you can't withdraw money from your Robinhood account, it's probably a restriction on your account or because the settlement period hasn't passed.

In either case, it's important to contact Robinhood's customer support team to get more information on why you can't withdraw your funds.

In conclusion, Robinhood is a user-friendly platform, and the process of withdrawing funds is usually easy.

However, if you encounter issues with withdrawing funds, it's important to understand the common reasons why this might happen, so you can resolve the issue quickly and get your money when you need it.

This article was generated using automation technology, and thoroughly edited and fact-checked by an editor on our editorial staff.

Article written by Sam Pennington
Sam is a personal finance writer. While in college, he dedicated his spare time to learning about personal finance, investing, and real estate. Sam currently works as a business analyst for one of the top food manufacturers in the world.

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
Try Robinhood
M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
Try Fundrise
Copyright © 2018 – 2023 Investing Simple LLC. All Rights Reserved.
Investing Simple is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. Investing Simple has advertising relationships with some of the offers listed on this website. The information on Investing Simple could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.
Website managed by Stallion Cognitive™

Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram