Transfer your assets out | Robinhood (2024)

FAQs

Why is my Robinhood transfer failing? ›

Your money might be unavailable for a few reasons, including: One of your pending transfers was reversed because of an issue with your bank account. The money from that transfer won't be available in your spending or investing account. One of your pending transfers failed due to a one-time system error.

If you're not a Robinhood Gold member—and wouldn't significantly benefit from the other perks you'd gain with a Gold subscription—you can boost what you'd earn on your uninvested cash by depositing it into a high-yield savings account instead. Dozens of these accounts pay more than Robinhood's 5.00% APY rate.

You can transfer stocks, cash, and other eligible assets from your outside brokerages into Robinhood through ACATS. You can transfer all or part of an outside account. We only accept assets from individual cash, margin brokerage accounts, or traditional or Roth IRAs.

Standard bank transfer: No fee for withdrawals. External debit card account: Withdrawals have up to a 1.75% fee based on the amount being transferred out. You'll see the calculated fee when you initiate the withdrawal, so you'll know the amount up front.

Transfers usually fail in case of an issue with your bank account. There are different reasons for a transfer failure: Your bank account was closed; The information about your bank account is not valid (e.g. invalid account number);

Our Instant Deposit feature gives you immediate access to $1,000 after you initiate a deposit. With Robinhood Gold, you can get even bigger Instant Deposits—up to $50,000 depending on your individual investing account balance and status.

For example, $1,000 put into an account with an annual interest rate of 5% would, in theory, earn $50 at the end of the year. However, if the rate is 5% with interest earned monthly, the APY would actually be 5.116%, earning you $1051.16 by the end of the first year.

Your securities and cash are protected by SIPC

Robinhood Financial LLC and Robinhood Securities, LLC are both members of SIPC, which protects securities for customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.

One caveat here: if you are buying stocks on margin, you can lose more than your initial investment. On the contrary, you must pay cash for long options, and cannot buy them using margin.

Fidelity offers several advanced trading features that are absent from Robinhood's platform. You can trade OTC penny stocks and engage in short selling. Robinhood does not offer OTC penny stock trading or short selling.

How do I transfer all my money out of Robinhood? ›

Cash held for pending orders

For pending orders, you won't see money held for orders in your withdrawable cash. Before you can withdraw cash, you'll need to cancel the pending orders.

We charge a $100 fee for a partial or full ACATS out of Robinhood. Currently, fractional security shares with RHF and crypto held with RHC aren't transferable to other brokerages.

After you sell your reward stock, you're free to use the proceeds from the sale toward other investments. However, if you want to withdraw the proceeds, you must keep the cash value of that stock in your account for at least 30 days after claiming it.

At Robinhood, we aim to cut all the fees we can. This means that for Cash Management, we don't charge: Maintenance fees: We don't charge fees to open, close, or maintain an individual investing account.

Why can't I withdraw money from Robinhood? You probably can't withdraw money from Robinhood because your funds are unsettled. You can only withdraw “settled funds”, money that hasn't been transacted with in the last 2 business days. This is known as Robinhood Withdrawable Cash.

Yes, you can transfer your buying power from Robinhood to bank.

These funds appear as Pending in your History until the funds clear in up to 5 business days. As a Robinhood customer, you can also set up direct deposit of your paycheck into your spending account, or use your ACH account number and routing number to move funds from an external bank account.

Unfortunately, we can't accept debit cards that function as checking accounts. You'll know it's a valid checking account if it provides monthly statements addressed to you, the account holder. Make sure you have sufficient funds in your account to prevent a bank overdraft fee.