If you’re a Robinhood user, you may have noticed that your account balance says “0” under the “Withdrawable Cash” section. Don’t worry – your money is still there!
This post will explain what’s happening and how to access your funds. Keep reading to learn more.
Reason Of Your Withdrawal Cash Is Zero
Here are all the reasons why Robinhood shows zero withdrawable money.
1. Funds Are Not Settled
All things considered, the issue where the user doesn’t see any money in their account is due to their funds not being settled.
These funds are only the amount that can be made accessible for you to withdraw subsequent to selling stocks, ETFs, and choices.
It doesn’t make any difference assuming you had the option to acquire benefits on your selling. The funds are first labeled as ‘Withdrawable’ by the application. This is likewise called – ‘Settling of the funds.’
2. The Account Is Restricted
Robinhood has a computerized security framework that watches out for the movement of each record. And it also does a manual check of records.
On the off chance that assuming any account is viewed as associated with any unethical action, Robinhood limits the account and its features, including the withdrawal of cash.
Along these lines, regardless of whether funds are settled, you will not have the option to cash out your funds, and you will continue to see withdrawable money $0 on Robinhood.
Why Does My Cash Say 0 On Robinhood?
There could be a few reasons why your cash balance says 0 on Robinhood. One possibility is that you have not deposited any cash into your account yet.
When you sell a security, the proceeds from the sale are deposited into your cash balance. If you have no other securities in your account, the cash balance will show as 0.
Another possibility is that you may have sold security but have not yet withdrawn the proceeds from the sale. The cash balance will show as 0 until you withdraw the funds.
Also Read: Why Can’t I Withdraw Money From Robinhood?
Robinhood Withdrawable Cash
You can make up to 5 withdrawals per business day into your bank account from Robinhood. Also, you can withdraw up to $50,000 per business day from Robinhood.
A deposit into your bank account can take up to 5 trading days to complete and you will not be able to withdraw or spend the funds while it is in flight. Once it’s marked completed, that amount will be ready for withdrawal into the bank account.
How Long Until Cash Is Withdrawable From Robinhood?
Your cash is withdrawable when it will settle in the bank account. The period of settlement is the date of trade, adding to which two more trading days.
When the third day comes, the funds will come under the buying power, and then you can withdraw them easily.
If you’re a Robinhood user, you may have noticed that your account balance says “0” under the “Withdrawable Cash” section.
Don’t worry – your money is still there! We’ve explained what’s happening and how to access your funds in this post.
Also Read: How to Reactivate Robinhood Account?