Can You Withdraw $100,000 From Robinhood?

Robinhood is a popular trading platform that has made investing more accessible to all.

If you're a Robinhood user wondering about the withdrawal limits, here's what you need to know.

If you want to withdraw money from Robinhood, there are a few things to keep in mind:

1. First, you can make up to 5 withdrawals per day from your Robinhood account.
2. Second, the amount you can withdraw depends on the withdrawal method you choose.

Bank Account

For bank accounts, you can withdraw up to $50,000 to a linked bank account and $5,000 with Instant transfers per business day from any of your Robinhood accounts.

This means that if you need to withdraw $100,000, you would need to spread it out over several days or make multiple transactions per day.

Debit Card

For debit cards, you can withdraw up to $5,000 daily from any of your Robinhood accounts.

This means that if you need to withdraw $100,000, you would need to make 20 transactions over the course of several days.

Keep in mind, there is an instant transfer fee of 1.5%, so on $100,000, that could add up fast.

Conclusion

In summary, while it is possible to withdraw large amounts of money from Robinhood, there are limits to how much you can withdraw per day, depending on the withdrawal method you choose.

If you need to withdraw a large sum of money, it may be necessary to spread it out over several days or make multiple transactions per day.

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