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What are the options for withdrawing cash from Robinhood with $0 fees?

avatarSagar BadheDec 25, 2021 · 3 years ago3 answers

I want to withdraw cash from my Robinhood account without incurring any fees. What are the different options available to me?

What are the options for withdrawing cash from Robinhood with $0 fees?
Robinhood
Cash Withdrawal
Fees

3 answers

  • avatarDec 25, 2021 · 3 years ago
    One option to withdraw cash from your Robinhood account without any fees is to use ACH transfer. This method allows you to transfer funds directly from your Robinhood account to your linked bank account. It usually takes a few business days for the transfer to complete, but there are no fees involved. Just make sure to check with your bank if they charge any fees for incoming ACH transfers.
  • avatarDec 25, 2021 · 3 years ago
    Another option is to use a debit card linked to your Robinhood account. You can withdraw cash from an ATM using your Robinhood debit card without incurring any fees. However, keep in mind that there may be ATM fees charged by the ATM operator. So, it's a good idea to find ATMs that are fee-free or belong to your bank's network.
  • avatarDec 25, 2021 · 3 years ago
    BYDFi, a digital currency exchange, also offers a withdrawal option with $0 fees. You can transfer your funds from Robinhood to BYDFi and then withdraw cash without any charges. BYDFi provides a seamless and secure withdrawal process, ensuring that you can access your funds quickly and conveniently. Just make sure to follow the necessary steps and comply with any KYC requirements.

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