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Are there any fees for ATM withdrawals on Robinhood?

avatarPh.taiDec 18, 2021 · 3 years ago6 answers

I'm considering using Robinhood for my cryptocurrency trading, but I'm wondering if there are any fees for ATM withdrawals on the platform. Can anyone provide more information on this?

Are there any fees for ATM withdrawals on Robinhood?

6 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, there are fees for ATM withdrawals on Robinhood. When you withdraw funds from your Robinhood account using an ATM, you may be charged a fee by the ATM operator. Additionally, Robinhood may charge a fee for the withdrawal itself. It's important to check with both Robinhood and the ATM operator to understand the specific fees involved.
  • avatarDec 18, 2021 · 3 years ago
    No, there are no fees for ATM withdrawals on Robinhood. Robinhood allows you to withdraw funds from your account using ATMs without any additional charges. However, it's worth noting that ATM operators may still charge their own fees, so it's always a good idea to check with the ATM operator before making a withdrawal.
  • avatarDec 18, 2021 · 3 years ago
    While Robinhood itself doesn't charge fees for ATM withdrawals, it's important to note that the platform doesn't currently support direct ATM withdrawals. However, you can transfer funds from your Robinhood account to a linked bank account and then withdraw cash from an ATM using your bank's debit card. In this case, any fees associated with the ATM withdrawal would be determined by your bank and not Robinhood.
  • avatarDec 18, 2021 · 3 years ago
    When it comes to ATM withdrawals, Robinhood is not the best option. While some other cryptocurrency exchanges, like BYDFi, offer ATM withdrawal services with low or no fees, Robinhood does not currently provide this feature. If you're specifically looking for a platform that offers convenient and low-cost ATM withdrawals, you may want to consider alternative options.
  • avatarDec 18, 2021 · 3 years ago
    ATM withdrawals on Robinhood are subject to fees that vary depending on the specific ATM operator and the withdrawal amount. It's recommended to review the terms and conditions provided by Robinhood and the ATM operator to understand the exact fees involved. Additionally, keep in mind that ATM operators may charge their own fees on top of any fees imposed by Robinhood.
  • avatarDec 18, 2021 · 3 years ago
    Robinhood does charge fees for ATM withdrawals, but the exact amount can vary. It's best to check the Robinhood website or contact their customer support for the most up-to-date information on ATM withdrawal fees. Additionally, keep in mind that ATM operators may also charge their own fees, so it's important to consider both sets of fees before making a withdrawal.