Introduction

Robinhood is an online trading platform that allows users to buy and sell stocks, options, crypto, and more. One of the features of Robinhood is the buying power, which is the amount of money available for investing. However, if you have excess buying power and want to withdraw it, you may be wondering how to do so. In this article, we will show you how to withdraw from Robinhood buying power.

Step 1: Open the Robinhood App

The first step in withdrawing from Robinhood buying power is to open the Robinhood app on your smartphone or tablet. If you do not have the app, you can download it from the App Store or Google Play Store.

Step 2: Go to the Account Tab

Once you have opened the app, click on the Account tab located at the bottom of the screen. This will take you to your account page.

Step 3: Click on Cash

On your account page, you will see several options such as Stocks, Options, Crypto, and Cash. Click on the Cash option to proceed.

Step 4: Click on Withdraw Funds

After clicking on Cash, you will see your buying power amount. Below the amount, you will find the Withdraw Funds option. Click on it to proceed.

Step 5: Select the Amount to Withdraw

On the Withdraw Funds page, you can select the amount you want to withdraw from your buying power. You can either withdraw the entire amount or choose a specific amount.

Step 6: Select the Destination Account

After selecting the amount, you will need to select the destination account where you want to withdraw the funds. You can either select your linked bank account or your Robinhood debit card.

Step 7: Confirm the Withdrawal

Once you have selected the amount and destination account, you will need to confirm the withdrawal. Review the details and click on the Confirm button to proceed.

Step 8: Wait for the Funds to Reach Your Account

After confirming the withdrawal, you will need to wait for the funds to reach your account. The time it takes for the funds to reach your account depends on your bank’s processing time.

Conclusion

Withdrawing funds from Robinhood buying power is a simple process that can be done in a few clicks. By following the steps outlined in this article, you can withdraw your excess buying power and use it for other investments or expenses. Always remember to review the details before confirming the withdrawal to avoid any errors.