Investing Simple Logo
Menu
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 26, 2023
Category: 
FTC Disclosure

How Long Does It Take To Be Able To Withdraw Funds From Robinhood?

If you're new to investing with Robinhood, you may be wondering how long it takes to withdraw funds after selling a stock.

It's important to understand that there is a settlement period that must occur before you can withdraw your funds.

In this article, we cover Robinhood's settlement period.

Settlement Period

The settlement period for equities, such as stocks, is two trading days after the trade date, also known as T+2. This means that if you sell a stock on Monday, the funds from that sale won't be available for withdrawal until Thursday.

Once the settlement period has passed and the funds are available, you can choose between a standard bank transfer or an instant transfer to withdraw your funds.

Standard Bank Transfer

A standard bank transfer is free but can take up to five business days to complete.

This is the most common method of withdrawing funds from Robinhood, and it's important to keep in mind that the five-day period includes weekends and holidays.

Instant Bank Transfer

On the other hand, an instant transfer allows you to withdraw your funds within 10 minutes, but it comes with a fee of 1.5% of the transferred amount.

This fee may seem high, but it can be worth it if you need the funds immediately or if you're worried about missing out on an investment opportunity.

It's important to note that there may be additional delays if you're transferring funds to an external bank account that you haven't previously used with Robinhood.

In some cases, Robinhood may need to verify the account before processing the transfer, which can add a few extra days to the process.

Final Thoughts

In conclusion, it generally takes up to three days to be able to withdraw funds from Robinhood after selling a stock.

Once the settlement period has passed, you can choose between a free but slower standard bank transfer or a faster but more expensive instant transfer.

Be sure to factor in these timelines when planning your investments and withdrawals to avoid any unnecessary delays.

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
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
Fundrise
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™
magnifiermenuchevron-downcross-circlechevron-down-circle

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.

18749
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram