Why do I have to wait 3 -5 days to withdraw funds from Robinhood?

Asked 4 years ago

I want to withdraw funds, but they're telling me that I need to wait 3 - 5 days for it to reflect in my account. Why can't they process withdrawals immediately?

Withrawing funds Robinhood

Andia Rispah Igobwa

Tuesday, April 13, 2021

Get the Robinhood Robinhood Instant account if you want instant access to your money, but it is limited to $1000, or otherwise, see how other trading platforms compare.﻿
Any deposits of more than $1000 will take 3-5 business days to reflect on your account. It also depends on when your cash settles, plus it takes a couple of days to reflect on your bank account. 
However, Robinhood Crypto, EFT, funds from stocks, and options sales become available for buying within three business days. But limited cash deposits and all proceeds from cryptocurrency sales are usually available to instant accounts immediately. 
Also, note that Robinhood Crypto may limit access to instant deposits at any time. But Robinhood will communicate to the affected customers if and when they make updates to instant deposit availability.

Filip Dimkovski

Saturday, May 15, 2021

In my experience, a transaction with Robinhood usually takes two business days to complete. As a result, on the third day of a trade, funds from a selling agreement will be available for withdrawal. If you sell the free referral stock that Robinhood offers new members, you must wait 30 days before withdrawing your funds.