No matter what you're investing for, there comes a time when you need to withdraw money from a brokerage account. This may be a bit different than what you're used to. Unlike with a bank account, taking money out of this type of investment account can sometimes involve extra steps. The main reason is that your money is presumably invested and not available as cash.

Fortunately, it's not too difficult to get the hang of this process. Once you learn how to withdraw money from a brokerage account, you'll be able to access your money when you need it.

How to withdraw money from a brokerage account

When you want to withdraw money from a Robinhood brokerage account, here's how:

You can only withdraw cash from your Robinhood brokerage account. If you want to withdraw more than you have available as cash, you'll need to sell stocks or other investments first.

Keep in mind that after you sell stocks, you must wait for the trade to settle before you can withdraw money from your brokerage account. This typically takes two business days. After your trade has settled, you can follow the withdrawal process above to get your cash.

One final thing to note is that if you have a margin account, your broker might let you take cash out before your trades settle. However, you could be charged margin interest for the period between when you submit the request to withdraw money from the robinhood account and when the settled funds reach your account. Always check with your broker before doing an automated withdrawal to ensure you won't get hit with interest charges or other fees by jumping the gun.

How can I withdraw money from Robinhood?

One of the most common fears about trading online is, can I get my money back? And even if that's a given, will I face any extra costs, delays or difficulties as I try to withdraw my uninvested funds?

Robinhood is a trustworthy broker that honors all withdrawal requests, but the process is not the most convenient. Read on to learn about potential costs, waiting time or restrictions.

Withdrawal at Robinhood is fast but options are limited

Robinhood is one of many brokers I have tested throughout the years. I used my own money for trading - and then tried to get it back. Here's how it went:

• No worries - Robinhood is a reliable broker that lets you access your funds at any time.
• You can use only bank transfers to withdraw funds.
• In most cases, you can get your money back within 1 day.
• Robinhood charges $0 for basic withdrawals, but some methods may cost more.
• Read our full review of Robinhood for detailed funding and trading conditions.

You can withdraw funds from Robinhood any time

Let me start with the good news: Robinhood is considered a legit and trustworthy broker, where your money is in good hands, and you can withdraw it whenever you want to. How to tell if a broker is trustworthy? In our view, a broker is considered legit if its operations are overseen by at least one top-tier regulator.