Close Your Smart Savings Account in Three Steps
To close a Smart Savings account linked through Rocket Money, you log into your Rocket Money app or website, navigate to the connected account settings, and select the option to remove or disconnect the account. Rocket Money itself does not close the underlying Smart Savings account—it only removes the link between Rocket Money and your bank. Your actual Smart Savings account remains open at the bank until you close it directly with them.
The process takes about five minutes and does not affect your money. Any balance in the Smart Savings account stays there; disconnecting from Rocket Money is purely a removal of the viewing connection.
Key Takeaways
- Disconnecting your Smart Savings account from Rocket Money does not close the account itself—it only removes the link from the app.
- You must close the actual Smart Savings account separately by contacting your bank or using their online banking portal.
- Rocket Money stores no money; it only displays accounts you have connected to it, so removing the link leaves your savings untouched.
- After you disconnect from Rocket Money, you can still access your Smart Savings account directly through your bank's website or app.
How to Disconnect Smart Savings from Rocket Money
Open the Rocket Money app or log into Rocket Money's website. Tap or click on the account settings icon, usually located in the bottom right corner or in a menu labeled "Settings" or "Profile." Look for a section called "Connected Accounts," "Linked Accounts," or "Accounts."
Find your Smart Savings account in the list. Tap or click on it, then look for an option that says "Remove," "Disconnect," "Unlink," or "Delete Connection." Confirm when prompted. Rocket Money will remove the account from your view within the app, but your money and the account itself remain at the bank.
The Difference Between Disconnecting and Closing
Disconnecting an account from Rocket Money is not the same as closing it. When you disconnect, Rocket Money stops showing you that account's balance and transactions. The account itself continues to exist at your bank, and you can still log into your bank's website or app to see it and use it.
Closing the account is a separate action you take with your bank. If you want to actually close your Smart Savings account—not just hide it from Rocket Money—you need to contact your bank directly or use their online banking tools to initiate closure.
How to Close Your Smart Savings Account With the Bank
After you disconnect from Rocket Money, log into your bank's website or mobile app directly. Navigate to your Smart Savings account settings or account details. Most banks offer an option to close the account within their online banking portal, usually labeled "Close Account" or "Close This Account."
Some banks require you to call customer service to close a savings account, especially if there are restrictions on the account or if the bank wants to confirm your identity. Check your bank's website or the back of your debit card for the customer service number. Have your account number and identification ready when you call.
Before closing, make sure your balance is zero or that you have moved any remaining money to another account. Most banks will not close an account with a balance, and some charge a fee if you close within a certain timeframe (often 90 to 180 days of opening).
What Happens to Your Money When You Disconnect
Your money does not move or disappear when you disconnect from Rocket Money. The balance stays in your Smart Savings account at the bank. Rocket Money is only a viewing tool; it holds no money itself. Removing the connection simply means Rocket Money will no longer show you that account's information.
You can still access your Smart Savings account and your money through your bank's website, app, or by visiting a branch. The disconnection from Rocket Money does not affect your ability to withdraw, transfer, or manage the account.
Why You Might Want to Disconnect
You might disconnect a Smart Savings account from Rocket Money if you no longer use Rocket Money to track your finances, if you want to reduce the number of apps with access to your bank accounts, or if you are concerned about data sharing. Some people disconnect accounts they no longer actively monitor through Rocket Money but still want to keep open at the bank.
Disconnecting is also a good step if you are switching to a different budgeting or money-tracking app and want to clean up your Rocket Money connections before you stop using the service.
Reconnecting Your Account Later
If you disconnect your Smart Savings account from Rocket Money but later want to see it in the app again, you can reconnect it. Go to the "Add Account" or "Link Account" section in Rocket Money, select your bank, and follow the login steps. Rocket Money will re-establish the connection and begin showing your account balance and transactions again.
Reconnecting does not affect your account at the bank and takes the same amount of time as the initial connection—usually a few minutes.
Frequently Asked Questions
Does disconnecting from Rocket Money close my bank account?
No. Disconnecting from Rocket Money only removes the link in the app. Your Smart Savings account remains open at the bank with all your money intact. You must close the account separately through your bank if you want to actually close it.
Will I lose access to my money if I disconnect?
No. Your money stays in your Smart Savings account at the bank. You can still access it through your bank's website, app, or by visiting a branch. Rocket Money is just a viewing tool and does not hold your money.
Can I close my Smart Savings account through Rocket Money?
No. Rocket Money can only disconnect the link to your account. To actually close your Smart Savings account, you must contact your bank directly through their website, app, or customer service phone line.
What if my bank charges a fee to close the account?
Some banks charge a fee if you close a savings account within a certain period after opening it, often 90 to 180 days. Check your bank's terms before closing. If a fee applies, your bank will deduct it from your remaining balance before closing the account.
Can I reconnect my Smart Savings account to Rocket Money after disconnecting?
Yes. You can reconnect at any time by going to the "Add Account" section in Rocket Money, selecting your bank, and logging in again. The process is the same as the initial connection.