What if you need to take some money out of Bloom to cover a bill, or you just want to cash out some of your profits? 🤔

Here’s exactly how you can collect your money 🏦

To convert a stock into cash, you first need to sell it! 💸

After all, you can't withdraw stocks, only cash.

Once you sell a stock, the funds from your sale will be in your buying power 🛏️

You can immediately use this cash to buy more stocks, or you can wait a few days and withdraw it to your bank account.

Funds from selling stocks take 2 to 5 business days to "settle", or become available to withdraw ⏰

You can withdraw settled funds at any point to your bank account -- but not your debit card 🏦

To withdraw, you can go to the "Funding" page in the Bloom app.

You’ll see funds available to withdraw as well as “unsettled” balance, or money that isn’t available yet 🤷

Transfers can take up to 2 to 3 business days to land in your bank account once you've initiated a withdrawal 😁

You can track the progress of withdrawals by going to the "Funding" page in your app!

Now you know how to collect your stock profits 💰

Happy investing 🥳