How to Close Your Robinhood Account
Closing your Robinhood account in three steps
To close your Robinhood account, you log in, navigate to your Account settings, select "Close Account," and follow the prompts to confirm. Robinhood will ask you to settle any open positions, transfer or withdraw remaining cash, and confirm your identity before the closure is final. The entire process typically takes a few minutes to complete online, though it may take several business days for the closure to fully process on Robinhood's end.
Before you start, make sure you have no open trades, no margin debt, and no pending transfers. If you have fractional shares or options positions, you will need to close or sell those first — Robinhood will not let you proceed until your account is clear.
Key Takeaways
- You must close all open positions and settle any margin debt before Robinhood will let you close your account.
- Any cash remaining in your account can be withdrawn to your linked bank account as part of the closure process.
- The account closure request is submitted online through your Account settings, and you will need to confirm your identity.
- After you submit the closure request, Robinhood typically processes it within a few business days.
What you need to do before requesting closure
Robinhood requires your account to be in good standing before it will process a closure. This means selling or closing every open position you hold — stocks, fractional shares, options, and crypto all need to be gone. If you have any margin debt (money you borrowed from Robinhood to buy securities), you must pay that back in full.
Check your account for any pending transfers or deposits. If money is in transit to or from your bank, wait for those transfers to complete before you request closure. Robinhood will also check for any pending dividend payments or corporate actions tied to positions you held — these must settle first.
If you have a Robinhood Gold subscription (Robinhood's margin account tier), you may have additional requirements depending on your account balance and any outstanding margin. Contact Robinhood support if you are unsure whether your account is ready to close.
How to submit your account closure request
Log into your Robinhood account on the web or mobile app. Tap or click the Account icon (usually a profile or gear symbol in the bottom right or top left, depending on your device). Select "Account Settings" or "Settings," then look for an option labeled "Close Account," "Deactivate Account," or "Account Closure."
Robinhood will show you a summary of your account status and ask you to confirm that you have no open positions and no outstanding margin. You will be asked to state a reason for closing (this is optional but helps Robinhood improve). Review the information, then confirm your identity — Robinhood may ask you to enter your password or use two-factor authentication.
Once you submit the request, you will receive a confirmation message. Robinhood will send a confirmation email to the address on file. At this point, your account is marked for closure, though it may take a few business days for the status to change to "closed" in Robinhood's system.
What happens to your remaining cash
Any cash sitting in your Robinhood account at the time of closure will be returned to the bank account you linked when you opened your account. You do not need to request a separate withdrawal — the cash transfer happens automatically as part of the closure process.
The transfer typically takes three to five business days, depending on your bank. Some banks post transfers faster; others take the full five days. Check your bank account during this window to confirm the money arrived. If you do not see the transfer after five business days, contact Robinhood support with your closure confirmation number.
If you have a joint account or special account type
If your Robinhood account is a joint account (held with another person), both account holders must request closure or agree to it in writing. Robinhood will not close a joint account based on one person's request alone.
If you opened your account as a minor and it was later converted to an adult account, or if you have a custodial account (for a minor), different rules may apply. Custodial accounts often require the custodian to initiate closure. Contact Robinhood support to confirm the process for your account type.
What to do if your closure request is denied or stuck
Robinhood may reject your closure request if your account still has open positions, pending transfers, or unsettled trades. The system will usually tell you what needs to be resolved. Go back to your account, address the issue (sell remaining shares, wait for transfers to complete, etc.), and try again.
If your request appears to be stuck — for example, you submitted it days ago but the account still shows as active — contact Robinhood support through the app or website. Have your account number and closure confirmation number ready. Support can check the status and push the closure through if there is a processing delay on Robinhood's end.
After your account is closed
Once Robinhood confirms your account is closed, you will no longer be able to log in or trade. Your account history and tax documents (like 1099 forms) remain available for download for a period of time — usually several years. Download any documents you need before closure, though you can often request them later if necessary.
If you ever want to trade again, you can open a new Robinhood account. There is no waiting period, and you will go through the standard account opening process. Your old account and new account will be treated as separate accounts.
Frequently Asked Questions
Can I close my Robinhood account if I have unsettled trades?
No. Trades typically settle within two business days. Wait for all trades to settle, then close your account. Robinhood will not process a closure request while trades are pending.
What if I forgot my password and can't log in to close my account?
Use the "Forgot Password" option on the Robinhood login page to reset it. If you no longer have access to the email or phone number on file, contact Robinhood support — they can verify your identity and help you regain access or close the account on your behalf.
Do I lose my tax documents if I close my account?
No. Robinhood keeps your tax documents (1099 forms, trade history) available for download for several years after closure. Download them before you close if you want them on hand, but you can request them later if needed.
How long does it take for my cash to arrive after I close my account?
The cash transfer to your linked bank account typically takes three to five business days. The exact timing depends on your bank's processing speed. Check your bank account during this window.
Can I reopen a closed Robinhood account?
No. Once closed, an account cannot be reopened. You would need to open a new account if you want to trade again. The new account is treated as a separate account with a separate account number.