How To Transfer Money From Robinhood To Bank? 4 Easy Ways

ByThomas Cook

Transferring money from your Robinhood account to your bank is a straightforward process that can be accomplished in a few simple steps. Whether you’re cashing out your investments or simply need to move funds, this guide will walk you through the four easy ways to transfer your money securely and efficiently.

1. Using the Robinhood App

The most convenient way to transfer money from Robinhood to your bank account is through the Robinhood app. Here’s how:

  1. Open the Robinhood app on your mobile device.
  2. Tap on the “Account” icon in the bottom right corner.
  3. Select “Transfers” from the menu.
  4. Choose “Transfer to Your Bank.”
  5. Select the bank account you want to transfer to or add a new one if needed.
  6. Enter the amount you wish to transfer.
  7. Review the details and confirm the transfer.

Transfers typically take 2-3 business days to complete. Ensure that your bank account information is up-to-date to avoid any delays.

2. Through the Robinhood Website

If you prefer using a computer, you can also initiate a transfer from the Robinhood website:

  1. Visit the Robinhood website and log in to your account.
  2. Click on the “Account” tab in the top right corner.
  3. Select “Banking” from the dropdown menu.
  4. Under the “Transfers” section, click on “Transfer to Your Bank.”
  5. Choose your bank account or add a new one.
  6. Enter the transfer amount and confirm.

As with the app, transfers usually take 2-3 business days to complete.

3. Instant Transfers with Robinhood Gold

If you’re a Robinhood Gold subscriber, you can take advantage of instant transfers:

  1. Follow the same steps as above to initiate a transfer.
  2. If you have Robinhood Gold, you’ll see an option for an instant transfer.
  3. Select “Instant Transfer” and confirm.

Instant transfers allow you to move funds to your bank account immediately, but there may be a fee associated with this service.

4. Automated Clearing House (ACH) Transfers

For larger sums or if you prefer a more traditional method, you can set up an ACH transfer:

  1. Log in to your Robinhood account, either through the app or website.
  2. Navigate to the “Transfers” section.
  3. Select “Advanced Settings” or “Manage External Accounts.”
  4. Add your bank account details for ACH transfers.
  5. Initiate the transfer and choose ACH as the transfer method.

ACH transfers can take 3-5 business days to complete and are typically used for larger amounts.

Conclusion

Transferring money from Robinhood to your bank account is a simple process that can be done through the app, website, instant transfer for Robinhood Gold subscribers, or via ACH transfer. Always double-check your bank details and transfer amounts to ensure a smooth transaction.