Why Can’t I Withdraw Money from Robinhood After Selling?
Hello! Today, I want to delve into a topic that has baffled many Robinhood users: why can’t I withdraw money from Robinhood after selling stocks ? As someone who has navigated the complexities of this popular trading app, I’ll break down the process and provide insights into why your funds might be temporarily inaccessible. Understanding Settlement Times When you sell stocks on Robinhood , the transaction isn’t instantaneous. This process involves a mandatory waiting period known as the settlement period. This delay is standard across all brokerage platforms, not just Robinhood. T+2 Rule The settlement period follows the T+2 rule, where “T” stands for the transaction date and “2” represents the number of business days required for the settlement. During this time, the brokerage ensures that the buyer receives the securities, and the seller receives the payment. Understanding Pending Withdrawals (Why Can’t I Withdraw Money from Robinhood After Selling) Pending Bank Transfers Another rea