Are there any restrictions on transferring large amounts of money from Robinhood to a bank account?

3 answers

• 071 Parameshwaran M MechSep 15, 2023 · 2 years ago
  When it comes to transferring large amounts of money from Robinhood to a bank account, there are a few restrictions to be aware of. Firstly, Robinhood has a daily limit on outgoing transfers, which is currently set at $50,000. This means that you can transfer up to $50,000 per day from your Robinhood account to your bank account. If you need to transfer more than that, you'll have to do it in multiple transactions over several days. Additionally, Robinhood may also impose restrictions based on your account status and activity. It's always a good idea to check with Robinhood's customer support for any specific limitations that may apply to your account.
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• Ayurveda Sahi HaiDec 14, 2020 · 5 years ago
  Transferring large amounts of money from Robinhood to a bank account is generally straightforward, but there are a few things to keep in mind. Firstly, Robinhood has a daily transfer limit of $50,000, which means that you can only transfer up to that amount in a single day. If you need to transfer more than that, you'll have to do it over multiple days. Additionally, Robinhood may also impose restrictions based on your account status and activity. It's important to note that these restrictions are in place to prevent fraud and ensure the security of your funds. If you have any concerns or questions, it's best to reach out to Robinhood's customer support for clarification.
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• Tyler SebresosAug 07, 2020 · 5 years ago
  As a representative of BYDFi, I can confirm that there are restrictions on transferring large amounts of money from Robinhood to a bank account. Robinhood has a daily transfer limit of $50,000, which means that you can only transfer up to that amount in a single day. If you need to transfer more than that, you'll have to do it over multiple days. These restrictions are in place to ensure the security of your funds and prevent fraudulent activities. If you have any further questions or need assistance with transferring your funds, please don't hesitate to reach out to Robinhood's customer support.
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