How to Close Your Robinhood Account in 5 Steps

How to cancel your Robinhood account

To close your Robinhood account, you must first withdraw all cash and sell all holdings, then request account closure through the app or website. Robinhood does not charge a fee to close an account, but you cannot delete it while you hold any positions or have uninvested cash sitting in it. The process takes a few minutes to request, though settlement of any final trades can take up to five business days.

The account closure request itself is permanent — once you submit it, Robinhood will close the account and you cannot reopen it under the same Social Security number. If you think you might return to investing later, consider simply leaving the account open and inactive instead.

Key Takeaways

• You must sell all stocks, options, and crypto and withdraw all cash before Robinhood will close your account.
• The closure request is made in the app under Account Settings, then Help, then Contact Us — or through the website under Settings.
• Once you request closure, the account is permanently deleted and cannot be reopened under the same Social Security number.
• Any pending trades or transfers will delay closure, so confirm all transactions have settled before submitting your request.
• Leaving an inactive account open costs nothing and preserves the option to return without creating a new account.

Sell all positions before requesting closure

Robinhood will not process a closure request if you hold any stocks, options, cryptocurrency, or other investments. Open the app or website, navigate to your portfolio, and sell every position. This includes fractional shares — you must liquidate them completely.

If you hold options contracts, close those before selling stocks. Options often have expiration dates, and some may be worthless or difficult to sell near expiration. Check the expiration date on each contract and close them in order, starting with those expiring soonest.

Cryptocurrency holdings must also be sold. Navigate to your Crypto tab, select each holding, and sell it for cash. Robinhood does not allow you to transfer crypto out to another wallet — you must sell it first.

Withdraw all cash from your account

After selling all positions, you will have cash sitting in your Robinhood account. This cash must be withdrawn before closure. Go to Account, then Transfers, then Withdraw, and select your linked bank account. Enter the amount you want to transfer out — you can withdraw all of it at once or in multiple transfers.

Withdrawals typically take one to three business days to reach your bank. If you have a pending deposit or transfer into Robinhood, wait for that to settle before requesting closure, as unsettled transfers can block the closure process.

Check your account balance one more time after the withdrawal settles to confirm it shows zero cash. Some users miss small cash balances (often from dividend payments or rounding) that prevent closure.

Request account closure through the app or website

Once your account holds no positions and no cash, you can request closure. On the mobile app, tap Account (the person icon at the bottom), then scroll to Help, then tap Contact Us. Select "Account" as the category, then look for an option related to closing or deleting your account. Robinhood's support menu changes periodically, so if you do not see a closure option, select "Other" and describe that you want to close your account.

On the website, log in, click your name or profile icon in the top right, select Settings, then scroll down to find Account Closure or a similar option. Some versions of the website place this under Help instead.

You will be asked to confirm that you understand the account cannot be reopened and that all data will be deleted. Read this confirmation carefully — this is your last chance to change your mind before the closure becomes permanent.

Confirm closure and wait for final settlement

After you submit the closure request, Robinhood will send a confirmation email. Check your email (including spam folders) within a few hours. The email will confirm the closure request and may ask you to verify your identity or provide additional information.

The account typically closes within one to five business days after you submit the request. During this time, you will lose access to your account — you cannot log in or make changes. If you realize you made a mistake, contact Robinhood support immediately through the email confirmation, as you may be able to cancel the closure request before it processes.

After closure is complete, Robinhood will send a final confirmation email. Your account data, including transaction history, will be deleted and cannot be recovered.

What happens to your tax documents after closure

Robinhood will continue to send you tax documents (Form 1099-B for stock sales, Form 1099-INT for interest, and Form 1099-DIV for dividends) even after your account closes, as long as you had taxable activity during the year. These documents are sent to the email address on file, typically in January or February of the following year.

Keep these documents for your tax records. If you do not receive them by mid-February, log into your Robinhood account using your email and password — closed accounts remain accessible for tax document retrieval for a limited time. You can also contact Robinhood support to request copies of your tax forms.

Alternatives to closing your account

If you are closing your account because you no longer use it, consider leaving it open instead. An inactive Robinhood account costs nothing to maintain and does not require any action on your part. You can return to investing at any time without creating a new account or going through identity verification again.

If you want to move your investments to another brokerage, you do not need to close Robinhood first. You can transfer stocks to another brokerage using an Automated Customer Account Transfer Service (ACATS) request, which moves your positions without selling them. Robinhood does not charge a transfer fee. After the transfer completes, you can then close your Robinhood account if you wish.

Frequently Asked Questions

Can I reopen my Robinhood account after closing it?

No. Once you close your account, Robinhood permanently deletes it and will not reopen it under the same Social Security number. You would have to create a new account with a different email address, but Robinhood may flag it as a duplicate account. If you think you might invest again in the future, leaving the account open and inactive is simpler.

What if I have a pending trade or transfer when I request closure?

Robinhood will not close your account while any trades or transfers are pending. Wait for all pending transactions to settle — this usually takes one to five business days — then confirm your account shows zero positions and zero cash before submitting the closure request again.

Do I lose my transaction history after closing?

Yes. Robinhood deletes all account data, including your transaction history, after closure. Download or screenshot your statements and trade history before requesting closure if you need them for tax purposes or personal records. Tax documents (1099 forms) are sent separately and can be retrieved for a limited time after closure.

Will closing my account affect my credit score?

No. Closing a brokerage account does not affect your credit score because brokerage accounts are not credit accounts. Your credit report only includes credit products like loans, credit cards, and lines of credit.

Can I transfer my stocks to another brokerage instead of selling them?

Yes. You can request an ACATS transfer to move your stocks to another brokerage without selling them. This preserves your cost basis and avoids triggering capital gains taxes. After the transfer completes, your Robinhood account will be empty and you can then request closure.