How can I withdraw more than 8 cents from Robinhood?
JIMS RohiniDec 28, 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?
3 answers
- Dec 28, 2021 · 3 years agoTo 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.
- Dec 28, 2021 · 3 years agoIf 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.
- Dec 28, 2021 · 3 years agoWithdrawing 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.
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