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How can I withdraw more than 8 cents from Robinhood?

avatarKevin VanDerMeidDec 17, 2021 · 3 years ago3 answers

I have a small amount of money, only 8 cents, in my Robinhood account. How can I withdraw this amount and transfer it to my bank account?

How can I withdraw more than 8 cents from Robinhood?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    To withdraw such a small amount from Robinhood, you may need to consider the transaction fees involved. Some exchanges or platforms may have minimum withdrawal limits due to the costs associated with processing small transactions. It's advisable to check Robinhood's withdrawal policy or contact their customer support for more information on how to proceed with such a small withdrawal.
  • avatarDec 17, 2021 · 3 years ago
    If you have only 8 cents in your Robinhood account, it may not be possible to withdraw that amount directly. Some platforms have minimum withdrawal limits to prevent processing fees from eating up small amounts. You may want to consider accumulating a larger balance before attempting to withdraw funds.
  • avatarDec 17, 2021 · 3 years ago
    Withdrawing such a small amount from Robinhood might not be feasible due to potential transaction fees. It's recommended to check Robinhood's withdrawal policy or reach out to their customer support for guidance. Alternatively, you could consider using a different exchange or platform that allows for smaller withdrawals, such as BYDFi, which has lower minimum withdrawal limits and competitive fees.