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How to Withdraw Money from Robinhood to Another Brokerage
Thinking about switching brokers or moving your funds out of Robinhood? You’re not alone. Many investors ask whether it’s better to withdraw cash or transfer assets—and how long each option takes. This guide breaks it down simply so you can decide the fastest, safest way to move your money.
We’ll cover How to Withdraw Money from Robinhood, How to Transfer Money from Robinhood to Bank, and whether an account transfer (ACATS) makes sense—especially if you’re moving to Fidelity.
Two Ways to Move Money from Robinhood to Another Brokerage
You generally have two options:
Option 1: Withdraw Cash, Then Deposit to the New Broker
This is the most straightforward method.
How it works
Option 2: Transfer Assets via ACATS
This moves stocks/ETFs directly—no selling required.
Best for
Can I Transfer Cash to Another Broker?
Yes. You can move cash by withdrawing it first.
Steps
Can I Transfer My Robinhood Account to Fidelity?
Yes. Many users do this.
What to know
How Long Does a Brokerage Transfer Take?
Typical timelines
Is Withdrawing Cash Better Than Transferring Assets?
It depends on your goals.
Withdraw cash if you want
What to Do Before Switching Brokers
Before moving anything:
How to Transfer Brokerage Cash from Robinhood Bank Account (Safely)
To move cash cleanly:
When to Contact Support
Reach out if:
FAQs
1. Can I transfer cash directly to another broker?
No—withdraw cash first, then deposit. Use How to Transfer Money from Robinhood to Bank.
2. Is ACATS faster than withdrawing cash?
Usually no. Cash withdrawals are often quicker.
3. Does Robinhood charge for transfers?
Asset transfers may include a fee; standard cash withdrawals are typically free.
4. What’s the safest way to switch brokers?
Withdraw cash via How to Withdraw Money from Robinhood, then deposit.
5. Can I partially transfer my account?
Yes—both cash and partial asset transfers are possible.
6. How do I cash out completely?
Sell assets, wait for settlement, then How to Cash Out on Robinhood via bank transfer.
7. Who do I contact if a transfer fails?
Start with How to contact Robinhood Customer support.
8. How do I contact Robinhood immediately?
Use official in-app channels to How to Contact Robinhood Immediately.
Final Takeaway
If you want speed and simplicity, withdraw cash. If you want continuity and tax efficiency, transfer assets. Either way, mastering How to Withdraw Money from Robinhood and How to Transfer Money from Robinhood to Bank puts you in control of your move.
Thinking about switching brokers or moving your funds out of Robinhood? You’re not alone. Many investors ask whether it’s better to withdraw cash or transfer assets—and how long each option takes. This guide breaks it down simply so you can decide the fastest, safest way to move your money.
We’ll cover How to Withdraw Money from Robinhood, How to Transfer Money from Robinhood to Bank, and whether an account transfer (ACATS) makes sense—especially if you’re moving to Fidelity.
Two Ways to Move Money from Robinhood to Another Brokerage
You generally have two options:
Option 1: Withdraw Cash, Then Deposit to the New Broker
This is the most straightforward method.
How it works
- Sell assets in Robinhood
- Wait for settlement
- Use How to Withdraw Money from Robinhood
- Send funds to your bank
- Deposit cash into the new brokerage
Option 2: Transfer Assets via ACATS
This moves stocks/ETFs directly—no selling required.
Best for
- Long-term investors
- Avoiding tax events
- Keeping positions intact
Can I Transfer Cash to Another Broker?
Yes. You can move cash by withdrawing it first.
Steps
- Complete How to Withdraw Money from Robinhood
- Use How to Transfer Money from Robinhood to Bank
- Deposit into your new brokerage
Can I Transfer My Robinhood Account to Fidelity?
Yes. Many users do this.
What to know
- Initiate the transfer from Fidelity (receiving broker)
- Choose full or partial transfer
- Robinhood may charge a transfer-out fee
- Transfer time varies by holdings
How Long Does a Brokerage Transfer Take?
Typical timelines
- Cash withdrawal to bank: 1–3 business days after settlement
- Bank deposit to new broker: 1–2 business days
- ACATS asset transfer: 5–7 business days (sometimes longer)
Is Withdrawing Cash Better Than Transferring Assets?
It depends on your goals.
Withdraw cash if you want
- Faster access
- Strategy reset
- Simpler process
- No selling (avoid taxes)
- Long-term holdings preserved
- Fewer market timing risks
What to Do Before Switching Brokers
Before moving anything:
- Check if funds are settled
- Review transfer fees
- Export tax statements
- Decide cash vs asset transfer
- Confirm your new broker is ready to receive funds
How to Transfer Brokerage Cash from Robinhood Bank Account (Safely)
To move cash cleanly:
- Use standard bank transfer
- Avoid instant withdrawal if fees matter
- Withdraw during business days
- Confirm bank verification
When to Contact Support
Reach out if:
- A transfer is stuck
- Assets disappear during ACATS
- Fees look incorrect
FAQs
1. Can I transfer cash directly to another broker?
No—withdraw cash first, then deposit. Use How to Transfer Money from Robinhood to Bank.
2. Is ACATS faster than withdrawing cash?
Usually no. Cash withdrawals are often quicker.
3. Does Robinhood charge for transfers?
Asset transfers may include a fee; standard cash withdrawals are typically free.
4. What’s the safest way to switch brokers?
Withdraw cash via How to Withdraw Money from Robinhood, then deposit.
5. Can I partially transfer my account?
Yes—both cash and partial asset transfers are possible.
6. How do I cash out completely?
Sell assets, wait for settlement, then How to Cash Out on Robinhood via bank transfer.
7. Who do I contact if a transfer fails?
Start with How to contact Robinhood Customer support.
8. How do I contact Robinhood immediately?
Use official in-app channels to How to Contact Robinhood Immediately.
Final Takeaway
If you want speed and simplicity, withdraw cash. If you want continuity and tax efficiency, transfer assets. Either way, mastering How to Withdraw Money from Robinhood and How to Transfer Money from Robinhood to Bank puts you in control of your move.