How to Close Robinhood Account? <<CLose!Account>>
Closing your
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Robinhood account (also called deactivating your account) is simple,
but you must complete a few required steps before the
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option becomes available.
First, you need
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to empty your account completely. This means you must sell or
transfer all your investments, including stocks, ETFs, options, and crypto. Then, withdraw
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5520
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all your remaining cash so your balance is $0. You also need to cancel any pending orders or recurring
investments and
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resolve any negative balances, margin usage, or account
restrictions. Robinhood will not allow you to close the account until
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everything is
fully settled.
Once your account
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is cleared, open the Robinhood app and tap the Account icon in
the bottom right corner. From there, go to Menu (
☰
) → Settings. Scroll down until
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you
f
ind the option labeled “Close Account” or “Deactivate Account.” Tap it and follow the prompts to
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(435)—5520
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confirm your request.
After you submit
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the request, your account will be closed (deactivated). Even
though the term used is “deactivate,” this effectively means your account is shut
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down and cannot be used unless you contact support to reopen it.
There are a
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few important things to keep in mind. There is no fee to close your
account, but you may still receive tax documents for that year. Also, if you sold
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investments before closing, you may have tax obligations depending on any gains or losses.
In summary:
Empty your account,
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go to Settings → Close Account, and confirm. Once done, your
Robinhood account will be permanently closed.
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