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Are there any fees or limitations when withdrawing money from Robinhood?

avatarPing-HuangZhengDec 27, 2021 · 3 years ago1 answers

Can you tell me if there are any fees or limitations when withdrawing money from Robinhood? I'm considering using their platform for trading digital currencies and I want to make sure I understand all the potential costs and restrictions involved.

Are there any fees or limitations when withdrawing money from Robinhood?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    When it comes to withdrawing money from Robinhood, you'll be happy to know that there are no fees for standard ACH transfers. However, if you choose to withdraw your funds via wire transfer, there may be a fee associated with that. As for limitations, Robinhood may have certain restrictions on the amount you can withdraw in a single transaction or within a specific time period. These limitations are in place to protect your account and prevent unauthorized access. It's important to note that these fees and limitations can vary depending on your account type and activity level. For the most accurate and detailed information, I recommend checking Robinhood's official website or contacting their customer support team.