How do I withdraw money from Robinhood?

By | April 5, 2022

If you are looking for on How do I withdraw money from Robinhood? Then, you are in the right place. Before we go deeper, take look about bit on robinhood. Robinhood is a very popular commission-free stock trading. At the same time it is an investing financial services company.

Interestingly, they help you to trade stocks, exchange-traded funds, exchange cryptocurrencies, etc. without any fees. Robinhood also allows investors to withdraw money using their Android and iOS apps. And last but not least, the headline made you read this article.

Without further ado, let’s get back to the basics.

How to make money online from Robinhood website

You must use Robinhood from your computer if you want to easily withdraw money from Robinhood website. If you want to know the process now, follow the steps shown by us. Moreover the process is very simple.

1. You need to turn on your computer and enter a browser
2. Then go to their official Robinhood website
3. After entering, you have to provide an email ID and password. And you need to log in to your Robinhood account
4. Once the login is complete, select the “Account” option from the top right corner of the website.
5. At this stage click on Account Options. Then a drop-down menu appears
6. From there, click on “Banking” option from the available options
7. After clicking it, the final interface will appear, and here you have to enter the amount you want to withdraw. Then you have to confirm the transaction

Let’s take a look at how to withdraw money from Robinhood using the iOS app at this stage.

Since Robinhood lets you withdraw money from Robinhood using the iOS app. In this case, there is no need to worry about withdrawing money through iOS app. Because it is a very simple process. Here are the details-

1. You need to turn on your iOS device and enter a browser. And open the Robinhood app
2. There you will need to provide an email and password of your own. Then you need to login to your Robinhood account
3. Once logged in, you need to click on the “Accounts” icon at the bottom-right of the application.
4. And again click on the “Transfer” button
5 .. Then select the “Transfer to your bank” option
6. Notice the list available there. And select your bank account from there
7. Then your account will be ready. Then you need to type the amount you want to withdraw from your Robinhood account. (Simple)
8. After entering with the amount of money for the first time, the amount has to be checked again. Then click “Confirm” button to complete the process

At present, Android devices are being used more and more in the footsteps of iOS devices. So if you are an Android device user, you need to know the rules to withdraw money from Robinhood from Android device. Let’s go deeper without exaggerating,

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How do I withdraw money from Robinhood using Android app

First of all, be happy to know that Robinhood also has an Android app. We also believe that you are an Android user. However, we have discussed below how you can easily withdraw money from Robinhood. You’ll be glad to know that you don’t need to be a professional to make money using the Android app. Just follow these step-by-step instructions.

1. You need to turn on your Android device and enter a browser. And open the Robinhood app
2. There you will need to provide an email and password of your own. Then you need to login to your Robinhood account
3. Once logged in, you need to click on the “Accounts” icon at the bottom-right of the application.
4. And again click on the “Transfer” button
5 .. Then select the “Transfer to your bank” option
6. Notice the list available there. And select your bank account from there
7. Then your account will be ready. Then you need to type the amount you want to withdraw from your Robinhood account. (Simple)
8. After entering with the amount of money for the first time, the amount has to be checked again. Then click “Confirm” button to complete the process

How to cancel a withdrawal in Robinhood

Sadly, there are many reasons behind the cancellation of your withdrawal at Robinhood. You’ll be happy to know that Robinhood allows users to cancel a withdrawal and it’s very easy. Below are the steps-

1. Login to your Robinhood account with your own device and login
2. Now click on the account icon
3. Go to History from the available options
4. Now select the pending revocation of whatever you want to cancel
5. Finally, click “Cancel Transfer” to complete the process

You know the process of getting it done. However, the same process will follow if you want to cancel a withdrawal in Robinhood again later. Once you are able to cancel a withdrawal in Robinhood, check out this table for more information.

Once your transfer process is complete. Then you need to cancel your Robinhood withdrawal

  • 2 AM to 3 PM to 3 PM (business day)
  • 3 PM to 7 PM to 3 PM (on business days)
  • 7 PM next trading day until 2 AM

At this stage let’s take a look at how to add a bank account to Robinhood using Android and iOS app,

You have to watch our steps carefully. Let me share with you my experience,

You opened the Robinhood app on my device. Going there, I now clicked on the account icon in the lower right corner. Then came the available options and from there clicked transfer. At this Stage go to “Linked Accounts” and click there to add a new account now.

Then find your bank from the available options and add what I wanted to add.

On the other hand, if you fail to find the bank of your choice, you can use the search option. Now you need to enter your online banking username and password. And finally you have to click the Continue button to complete the process.

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Let’s take a look at how to add a bank account to Robinhood from the website

1. You need to turn on your computer and enter a browser
2. Then go to their official Robinhood website
3. After entering, you have to provide an email ID and password. And you need to log in to your Robinhood account
4. Once the login is complete, select the “Account” option from the top right corner of the website.
6. Then click “Add New Account” under the linked account
7. Then find your bank from the available options that you want to add
8. If you fail to find the bank of your choice, you can use the search option.
9. In this step you need to carefully choose the right bank name. In this case you have to provide your online banking username and password
10. Finally, click the Continue button to complete the process

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