Close your Robinhood account through the app or website in three steps
To close your Robinhood account, open the app or log into the website, go to your Account settings, select "Close Account," and follow the prompts to confirm. Robinhood will walk you through any required steps—such as withdrawing remaining cash or closing open positions—before the account is fully closed. The process typically takes a few minutes to complete, though it may take several business days for the account to be fully deactivated on Robinhood's end.
Before you close, make sure you have withdrawn all cash and either sold or transferred out any stocks, options, or crypto you own. Robinhood cannot close an account that still holds positions or cash. If you have pending transactions or unsettled trades, you may need to wait for those to clear first.
Key Takeaways
- You must withdraw all cash and close or transfer all positions before Robinhood will close your account.
- The close account option is in your Account settings under Profile or Account Information, depending on whether you use the app or website.
- Unsettled trades and pending transfers may delay the closure, so check your Activity tab to see if anything is still processing.
- Once closed, you cannot reopen the same account—you would need to create a new one if you return to Robinhood later.
Withdraw all cash before closing
Robinhood requires your account to have a zero cash balance before it will let you close. Go to the Account tab, select "Transfers," and choose "Withdraw." You can transfer money back to the bank account you originally linked to Robinhood. The withdrawal usually takes one to three business days to appear in your bank account.
If you have a negative cash balance—meaning you owe Robinhood money—you must deposit funds to bring it to zero before closing. Check your Account Balance or Cash Available to see your current position. If you are unsure whether you have a balance, contact Robinhood Support through the app or website before attempting to close.
Sell or transfer all stocks, options, and crypto
Any open positions in stocks, options contracts, or cryptocurrency must be closed before your account closes. Sell the positions through the app or website the same way you normally would. Once the trades settle—usually one to two business days for stocks—the cash will appear in your account balance and you can then withdraw it.
If you want to keep your investments and move them to another brokerage, you can transfer them instead of selling. Robinhood charges no fee for outgoing transfers, but the receiving brokerage may charge a fee. The transfer process typically takes five to seven business days. Once the transfer is complete, those positions will no longer appear in your Robinhood account, and you can proceed with closing.
Check for unsettled trades and pending transfers
Before you attempt to close your account, open the Activity tab and scroll through recent transactions. Look for any trades marked "Unsettled" or any transfers marked "Pending." Unsettled trades are normal—stocks settle in two business days, options in one business day—but Robinhood may not let you close your account while they are still processing.
If you see pending transfers, wait for them to complete. You can check the status of a transfer by going to Transfers and looking at the history. Once all trades have settled and all transfers are complete, your account should be ready to close.
Navigate to Account settings and confirm closure
On the Robinhood app: Tap the Account tab at the bottom right. Scroll down and tap "Account Information" or "Settings." Look for "Close Account" or "Deactivate Account." Tap it and follow the on-screen prompts to confirm.
On the Robinhood website: Click your profile icon in the top right corner. Select "Account" or "Settings." Scroll down to find "Close Account" or "Deactivate Account." Click it and follow the prompts to confirm your decision.
Robinhood will ask you to confirm that you want to close the account and may ask why you are leaving. You do not have to provide a reason, but Robinhood may use your feedback to improve the platform. Once you confirm, the closure request is submitted.
What happens after you close your account
After you submit the closure request, Robinhood will deactivate your account within a few business days. You will no longer be able to log in, place trades, or access your account information. Any data Robinhood holds about your account—including tax documents and transaction history—will be retained according to their privacy policy and legal requirements, typically for at least seven years.
If you closed your account because of a problem or dispute, keep records of all your transactions and any communications with Robinhood. If you later need to reference your account history for tax purposes or to resolve a dispute, you can contact Robinhood Support and request your records.
Frequently Asked Questions
Can I reopen my Robinhood account after closing it?
No. Once you close your account, you cannot reopen it. If you want to use Robinhood again in the future, you will need to create a new account from scratch. This means a new account number, new linked bank account, and a fresh start with the platform.
What if I have a margin balance or money I owe Robinhood?
You must pay off any negative balance before Robinhood will close your account. Deposit funds through a bank transfer to bring your cash balance to zero. If you are unsure of your balance, check your Account Balance in the app or contact Robinhood Support for clarification.
Will closing my account affect my credit score?
Closing a brokerage account does not affect your credit score. Robinhood is not a credit provider, so closing your account will not show up on your credit report or impact your credit history in any way.
How long does it take for my account to fully close?
The closure request is usually processed within a few business days, but Robinhood may take up to two weeks to fully deactivate your account. You will not be able to log in once the closure is complete. If your account is still active after two weeks, contact Robinhood Support.
What should I do with my tax documents after closing?
Download or save any tax documents—such as 1099 forms or transaction statements—before you close your account. Once closed, you can still request these documents from Robinhood, but it is easier to save them beforehand. Keep them for at least seven years for tax purposes.