Last Updated on 51 mins by Anoob P
Are you wondering Why is My Withdrawable Cash $0 on Robinhood? Here is how to fix and withdraw your money in 2022.
|Why is My Withdrawable Cash $0 on Robinhood|
|What is It?||The cash amount on Robinhood which you have earned that you can withdraw from your account.|
|Why is My Withdrawable Cash $0 on Robinhood||Funds not settled, referral earnings, restricted account access, bank account withdrawal limit|
|Fixes for Withdrawable Cash $0 on Robinhood||Contact RobinHood customer support, wait for balance to clear, check referral earnnings, wait for referral earnings to be confirmed|
|Official Support Link||https://support.snapchat.com/en-US/i-need-help|
|Support Phone Number||NA|
|Support Email Addressfirstname.lastname@example.org|
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Why is My Withdrawable Cash $0 on Robinhood [Fix 2022]
What is Robinhood withdrawable cash?
Robinhood is one of the best beginner-friendly platforms for investors to buy or sell stocks.
This buying, selling or trading of stocks makes a person invest their money through the app and when the trading of stocks ends the user is required to withdraw the amount of invested money left in the Robinhood account.
This withdrawal of cash from Robinhood platform is called Robinhood withdrawable cash.
Official website of Robinhood
Robinhood withdrawable cash limit?
The Robinhood trading platform allows a user to do up to 5 transactions per business day to your bank account.
The withdrawable cash limit on Robinhood trading platform is up to $50,000 per business day.
Reasons why my withdrawable cash $0 on Robinhood?
There are certain reasons of why your withdrawable cash is $0 on Robinhood, those are as follows :
Your funds might not be settled
The most common reason of why you are unable to withdraw cash from a Robinhhod account is the funds have not been settled yet.
After finishing a trade or buying or selling your stocks you are required to wait for sometime before transferring the money to your bank account.
All the losses or gains that are incurred during the trading need to be settled for at least two trading days.
You should wait for at least three trading days to get their funds settled after trading on Robinhood and after that can transfer their amount to their bank account.
Your withdrawable funds might include referral earnings
Robinhood has a referral program that provides earnings for each referral.
When the referrals start trading or selling the stocks and incur profits on their account, the users can cash out a certain portion of those profits.
Referral funds take around 30 days in order to get withdrawn. And after the withdrawal is made your Robinhood account shows $0.
Restricted Robinhood Account
Next reason Why is My Withdrawable Cash $0 on Robinhood is restricted Robinhood account.
There are certain limits within which a user should trade on Robinhood account or if in any case a user is found violating the terms and conditions of Robinhood usage policy, then Robinhood immediately restricts the account of the person.
If your accounts get restricted, you will no longer be able to trade, buy or sell stocks or even handle your funds on your Robinhood account.
If you believe that your account was restricted by mistake, you should reach out to Robinhood support and get your full account access back before
Bank withdrawal limit :
Next reason why Why is My Withdrawable Cash $0 on Robinhood could be because there are certain limits or details regarding the withdrawal process of funds on Robinhood, such as :
- Only 5 transactions per day are allowed.
- The maximum limit of withdrawal weekly is $50,000.
- If in any case you try to exceed the limit of transactions or withdrawal limit of funds then your Robinhood account might get blocked as well.
Not transacting within the limits will not let you access your funds on the Robinhood account.
How long until cash is withdrawn from Robinhood ?
The Robinhood funds can only be withdrawn when onces they get settled in your bank account. The time between the settlement date of trade and two more additional days after trading is the settlement period. On the third day, the funds come under the buying power and then the user or the account holder is permitted to withdraw or can withdraw the funds from his bank account.
How to get withdrawable cash on Robinhood?
Once your trade process on Robinhood gets completed and the funds incurred after buying and selling of the stocks comes into your Robinhood account, then you need to wait for the funds to settle.
Robinhood platform typically takes anywhere between 1 to 2 working days to transfer funds to your bank account.
After the two days, on the third day the funds are supposedly to be transferred into your bank account.
Once the funds are settled and the funds are added to buying funds of account holder , then only you can withdraw the funds.
Robinhood funds get withdrawn from the bank account in the same way in which normal cash gets withdrawn from the bank accounts.
How to solve Robinhood withdrawable cash $0 issue?
In order to solve the Robinhood withdrawable cash $0 issue your should go through the following things :
- Check if your account is restricted. If your account is restricted then take the measures that are required to get it unrestricted and aining the access to your Robinhood account back again.
- Keep in check and follow all the withdrawal and transaction limits of Robinhood.
- Let Robinhood settle your funds for two days first and only then try to withdraw the funds from the bank account.
- Before transferring the funds check if they include any referral earnings or not.
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Why is My Withdrawable Cash $0 on Robinhood
Why is My Withdrawable Cash $0 on Robinhood Summary
RobinHood Withdrawable cash is the cash amount on Robinhood which you have earned that you can withdraw from your account. In case you are wondering Why is My Withdrawable Cash $0 on Robinhood, then there are several reasons such as Funds not settled, referral earnings, restricted account access, bank account withdrawal limit etc. In such cases, you can check if the account has been restricted or wait for few days for funds to get settled. You can also try to contact Robinhood support to solve this issue.
Why is My Withdrawable Cash $0 on Robinhood
Why is My Withdrawable Cash $0 on Robinhood is usually automatically resolved
Why is My Withdrawable Cash $0 on Robinhood cannot be solved if account is restricted