Alright guys bear with me as I'm very new to BTC and Electrum. I have what I'm hoping will be a very simple question that you'll be able to help me with. How do I transfer BTC out of electrum and in turn into a bank account?
Ok, so you have never send any transaction? Just check few tube vids to see how BTC works. Sending/receiving ... then you are ready for next step.
the simple answer is: Sell them (detailed answer depends on on your location and also how much you want to trade)
eg. Localbitcoins - good service where you can find traders with same bank and make it really quick .. but buyers usually have min. amount to trade.
otherwise you need to use exchanges like Coinbase, Kraken etc.
