How to get rid of brokerage cash on robinhood

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r/RobinHood

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r/RobinHood

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Posted by2 years ago

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level 1

· 2 yr. ago

Do you have margin turned on? Brokerage cash may be margin used, and if you have buying power through margin that would be why you can't withdraw it

Edit:spelling

2

level 2

Op · 2 yr. ago

I realized why I couldn't withdraw all of it was because of my options

2

Continue this thread 

level 1

· 2 yr. ago

I have the same problem.. what can I do about this

1

level 2

Op · 2 yr. ago

Cash needs to settle. It takes 5 days.

2

level 1

· 2 yr. ago

Wow that sucks.. it’s a good thing that it’s Monday

1

level 2

Op · 2 yr. ago

Big fax

1

level 1

· 2 yr. ago

Is Robinhood Gold worth it? Will it spend things up?

1

level 2

Op · 2 yr. ago

I dont think its worth it personally. I inly used it because I wanted to deposit more than 1k and not have to wait. I dont think it will speed anything up

1

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r/RobinHood

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Why do I have brokerage cash on Robinhood?

Brokerage cash is a top-line cash total in your investing account. It's the cash amount before stripping out items like unsettled trades and collateral. Not all of your brokerage cash is immediately available for trading or withdrawing.

How do I get rid of brokerage cash?

Once your cash has settled, you can transfer it back to your bank account to address other needs you may have. Leave it alone. If there's a chance you'll need to access the cash and you don't want to take on additional risk, you can leave it as brokerage cash.

Can I withdraw margin cash from Robinhood?

If you've enabled Margin Investing, you can also turn on Margin Withdrawl to use margin for day-to-day spending and withdrawals.

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