Once you have a certain amount of money in your Robinhood account, you’ll want to withdraw it to an external account. You can withdraw a maximum of $50,000 from Robinhood every business day. To access your funds using the iOS version of the app, take the following steps: 1. Hit the “Account” symbol in the lower-right part of the screen. 2. Choose the “Transfers” option. 3. Select the “Transfer to Your Bank” button. 4. Select a bank account where the funds will be transferred. 5. Specify the amount of money you’ll withdraw from Robinhood. 6. Press the “Submit” button, and you’re good to go. Here’s how Android users can transfer fund to their bank account: 1. Press the “Account” symbol at the bottom of the screen. 2. Choose “Transfers,” followed by “Transfer to Your Bank.” 3. Pick a bank account where your money will land and enter the amount you require. 4. Hit the “Submit” button, and you’ll receive your funds in your bank account. Finally, this is what your need to do if you’re using Robinhood in the web version: 1. Click the “Account” button in the top-right part of your display. 2. Select the “Banking” option. 3. Use the section to your right to initiate a Robinhood transfer to your account. Bear in mind that there are a few withdrawal rules that govern each transfer: · Deposit pending – Completing your deposit can take up to five business days. During this time, you can’t spend or withdraw your funds. Once the deposit has been flagged as complete, you’ll be able to get your money. · Settlement period – After each sale, your money needs some time to settle before it can be transferred to a bank account. A regular-way settlement is another term for a settlement period and refers to your trade date + two trading days. The funds will be a part of your purchasing power on day three and show up as money you can withdraw. · Withdrawing to another bank account – For 60 days after your deposit, you may be obligated to verify more information if you’re not transferring your money to the same account as the one you used to originally deposit it from. If the initial account has been closed or you can’t access it, you can consult Robinhood’s support team. However, you might need to share the following details: o A short description of the reason you can’t transfer funds to the account you originally deposited them from. o An image of your ID. o Bank statements proving you hold the two bank accounts. The PDFs or images must be easy-to-read and clear. o The amount and bank account you wish to transfer money to.