Are there any fees associated with cash withdrawals from Robinhood?
Jeffrey RufusMay 27, 2023 · 2 years ago3 answers
I would like to know if there are any fees that I need to pay when I withdraw cash from Robinhood. Can you provide more information about the fees associated with cash withdrawals from Robinhood?
3 answers
- Joseph VargheseJun 13, 2024 · a year agoYes, there are fees associated with cash withdrawals from Robinhood. When you withdraw cash from your Robinhood account, you may be subject to a fee imposed by your bank or financial institution. Additionally, Robinhood may charge a fee for certain types of withdrawals, such as wire transfers or expedited withdrawals. It's important to review the terms and conditions of your Robinhood account and consult with your bank to understand the specific fees that may apply to your cash withdrawals.
- Raju SahJan 09, 2023 · 3 years agoAbsolutely! When you withdraw cash from Robinhood, there might be fees involved. These fees can vary depending on your bank or financial institution. It's always a good idea to check with your bank to understand any potential fees they may charge for cash withdrawals. Additionally, Robinhood may have its own fees for certain types of withdrawals, so make sure to review their terms and conditions to get a clear understanding of the fees associated with cash withdrawals.
- deepak suryavanshiJan 13, 2022 · 4 years agoYes, there are fees associated with cash withdrawals from Robinhood. As an expert from BYDFi, I can confirm that Robinhood charges a fee of $75 for wire transfers and $35 for expedited withdrawals. However, standard ACH transfers are free of charge. It's important to note that your bank or financial institution may also impose fees for cash withdrawals, so it's recommended to check with them as well. Make sure to review Robinhood's fee schedule and consult with your bank to understand the complete picture of fees associated with cash withdrawals.
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