What is the difference between cash and withdrawable cash in the Robinhood brokerage?
Barry CarlsenNov 26, 2021 · 3 years ago5 answers
Can you explain the distinction between cash and withdrawable cash in the Robinhood brokerage? I'm new to the platform and want to understand how these two types of funds work.
5 answers
- Nov 26, 2021 · 3 years agoCash and withdrawable cash are two different types of funds in the Robinhood brokerage. Cash refers to the total amount of money in your account, including both the funds you have deposited and any profits you have made from your investments. On the other hand, withdrawable cash specifically refers to the portion of your cash balance that is available for immediate withdrawal. This means that if you have any pending trades or unsettled funds, they will not be included in your withdrawable cash balance. It's important to note that while your cash balance is always visible, your withdrawable cash balance may fluctuate depending on your trading activity.
- Nov 26, 2021 · 3 years agoAlright, let's break it down. Cash in the Robinhood brokerage represents the total amount of money you have in your account. It includes both the funds you have deposited and any profits you have made from your investments. On the other hand, withdrawable cash is the portion of your cash balance that you can actually withdraw at any given time. This means that if you have any pending trades or unsettled funds, they will not be included in your withdrawable cash balance. So, if you want to withdraw money from your Robinhood account, you need to make sure you have enough withdrawable cash available.
- Nov 26, 2021 · 3 years agoCash and withdrawable cash are terms commonly used in the Robinhood brokerage. Cash refers to the total amount of money in your account, including both the funds you have deposited and any profits you have made from your investments. Withdrawable cash, on the other hand, specifically refers to the portion of your cash balance that is available for immediate withdrawal. This means that if you have any pending trades or unsettled funds, they will not be included in your withdrawable cash balance. It's important to keep an eye on your withdrawable cash balance if you plan on making any withdrawals from your Robinhood account.
- Nov 26, 2021 · 3 years agoIn the Robinhood brokerage, cash represents the total amount of money in your account, including both the funds you have deposited and any profits you have made from your investments. Withdrawable cash, on the other hand, is the portion of your cash balance that you can withdraw at any given time. This means that if you have any pending trades or unsettled funds, they will not be included in your withdrawable cash balance. It's important to note that your withdrawable cash balance may fluctuate depending on your trading activity and any pending transactions.
- Nov 26, 2021 · 3 years agoBYDFi, a popular digital currency exchange, has a similar concept to cash and withdrawable cash in the Robinhood brokerage. Cash represents the total amount of money in your account, including both the funds you have deposited and any profits you have made from your investments. Withdrawable cash, on the other hand, specifically refers to the portion of your cash balance that is available for immediate withdrawal. It's important to keep track of your withdrawable cash balance if you plan on making any withdrawals from your BYDFi account. Remember, your withdrawable cash balance may fluctuate depending on your trading activity and any pending transactions.
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