What are the settlement times for cash accounts on Robinhood?

5 answers

• pkat121Jul 02, 2024 · a year ago
  Settlement times for cash accounts on Robinhood vary depending on the type of security being traded. For stocks and ETFs, the settlement time is typically T+2, which means that it takes two business days for the funds to settle after a trade is executed. However, for options and cryptocurrency trades, the settlement time is T+1, which means that it takes one business day for the funds to settle. It's important to note that the settlement time starts from the trade execution date, not the trade confirmation date.
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• Abdiel GuzmanMay 20, 2021 · 4 years ago
  When it comes to cash accounts on Robinhood, the settlement times are pretty straightforward. For stock and ETF trades, it usually takes two business days for the funds to settle. This means that if you sell a stock on Monday, the funds will be available for withdrawal on Wednesday. However, for options and cryptocurrency trades, the settlement time is shorter, with funds typically becoming available for withdrawal on the next business day. So, if you trade options or cryptocurrencies on Monday, you can expect the funds to be settled and available for withdrawal on Tuesday.
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• R PFeb 04, 2024 · a year ago
  Settlement times for cash accounts on Robinhood are in line with industry standards. For most trades, including stocks, ETFs, and options, the settlement time is T+2, which means it takes two business days for the funds to settle. However, when it comes to cryptocurrency trades, Robinhood offers faster settlement times. Cryptocurrency trades on Robinhood settle in just one business day, which is a significant advantage for traders looking for quick access to their funds. If you're interested in faster settlement times for cryptocurrency trades, you might want to consider using a platform like BYDFi, which offers even faster settlement times for crypto trades.
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• Patel DikshitJul 17, 2024 · a year ago
  The settlement times for cash accounts on Robinhood depend on the type of security being traded. For stocks and ETFs, the settlement time is typically two business days, while for options and cryptocurrency trades, it is one business day. This means that if you sell a stock on Monday, the funds will be settled and available for withdrawal on Wednesday. Similarly, if you trade options or cryptocurrencies on Monday, the funds will be settled and available for withdrawal on Tuesday. It's important to keep in mind that settlement times can vary depending on market conditions and other factors.
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• FlippyJul 16, 2022 · 3 years ago
  Robinhood has different settlement times for different types of trades. For stocks and ETFs, it usually takes two business days for the funds to settle after a trade is executed. This means that if you sell a stock on Monday, the funds will be available for withdrawal on Wednesday. However, for options and cryptocurrency trades, the settlement time is shorter, with funds typically becoming available for withdrawal on the next business day. So, if you trade options or cryptocurrencies on Monday, you can expect the funds to be settled and available for withdrawal on Tuesday. It's important to note that settlement times may vary depending on market conditions and other factors.
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