How to Close Your Robinhood Account in 5 Steps
Close your Robinhood account by withdrawing your cash, selling your holdings, and submitting a closure request through the app or website
Robinhood does not charge a fee to close your account. The process takes a few minutes to start, but you cannot complete it until your account has a zero balance — meaning all cash is withdrawn and all stocks, options, or crypto are sold. Once your account is empty, you submit a closure request through the app or website, and Robinhood typically confirms the closure within one business day.
The steps are straightforward, but the order matters. If you try to close an account that still holds positions or cash, the request will be rejected. This guide walks you through each step in the right sequence so you do not have to resubmit.
Key Takeaways
- You must sell all stocks, options, and cryptocurrency and withdraw all cash before Robinhood will close your account.
- Selling positions and withdrawing cash can take one to three business days to settle, so plan ahead if you need the account closed by a specific date.
- You submit the closure request through the app under Account Settings or through the website under Account menu, then confirm via email.
- Robinhood will send a final statement to your email address on file within a few days of closure.
- If you have an unsettled trade or pending transfer, you cannot close the account until that transaction completes.
Step 1: Sell all stocks and other holdings
Open the Robinhood app or website and go to your portfolio. For each position you own — stocks, options, fractional shares, or cryptocurrency — tap or click the holding, then select Sell. Enter the number of shares or the dollar amount, review the order, and confirm. Robinhood executes the sale immediately during market hours, or places it as a pre-market or after-hours order if you sell outside trading hours.
Options and cryptocurrency can be sold at any time. Stocks sell during market hours (9:30 a.m. to 4 p.m. Eastern Time on weekdays). If you sell after hours, the order executes the next trading day. Check your portfolio after each sale to confirm the position is gone. Repeat until you own nothing.
Step 2: Wait for trades to settle
After you sell, Robinhood needs time to settle the transaction. Stock sales typically settle in two business days. Options and cryptocurrency settle faster, usually within one business day. During this time, the cash from your sales sits in your Robinhood account but is not yet available to withdraw — it shows as "unsettled" in your account.
You can see which trades are still settling by opening the app, going to Account, and tapping Statements or Activity. Look for any order marked "pending" or "unsettled." Do not proceed to the next step until all trades show as settled.
Step 3: Withdraw all cash
Once your trades have settled, all the cash from your sales is now available. Go to Account in the app or website, then select Transfer Funds or Withdraw. Choose the bank account you want the money sent to — this must be the same account you linked to Robinhood when you opened it. Enter the amount you want to withdraw. If you want to close the account completely, withdraw your entire balance.
Robinhood transfers the cash to your bank within one to three business days. The exact timing depends on your bank. Check your bank account to confirm the deposit arrived before you proceed to close the account. If you have a pending transfer, Robinhood will not let you close the account until it completes.
Step 4: Submit the account closure request
Once your account shows a zero balance — no holdings and no cash — you can request closure. In the app, go to Account, scroll to the bottom, and tap Close Account or Deactivate Account. On the website, go to Account menu, select Settings, and look for Close Account. Robinhood will ask you to confirm that you want to close the account and may ask why. Answer the questions and submit.
Robinhood sends a confirmation email to the address on file. Open that email and click the link to confirm the closure. This step is required — the account does not close without your confirmation in the email.
Step 5: Confirm closure and retrieve your final statement
After you confirm via email, Robinhood processes the closure. The app or website may show your account as "closed" or "deactivated" immediately, or it may take up to one business day. You will receive a final account statement by email within a few days. This statement shows all transactions for the year and is useful for tax purposes if you made trades that resulted in gains or losses.
Once the account is closed, you cannot log in or access it. If you change your mind and want to trade again, you will need to open a new account.
What to do if your closure request is rejected
Robinhood will reject a closure request if your account still has a balance. The most common reasons are unsettled trades, pending transfers, or cash you forgot to withdraw. Check your Account Activity or Statements to see what is still pending. If a transfer is in progress, wait for it to complete. If you see unsettled trades, wait two business days after the sale date. If you see cash, withdraw it.
After you resolve the issue, try submitting the closure request again. If Robinhood continues to reject it and you cannot find the reason, contact Robinhood support through the app. Go to Account, tap Help, and select Contact Us. Describe the problem and ask them to tell you what is preventing closure. Support typically responds within one business day.
Frequently Asked Questions
Can I close my account if I have a margin balance or owe Robinhood money?
No. You must pay off any margin balance or debt before you can close the account. Go to Account and check your buying power or account details to see if you owe anything. If you do, deposit cash to cover it, then proceed with the closure steps.
What happens to my tax documents after I close my account?
Robinhood keeps your tax documents available in your account for several years. Download your 1099 forms or final statement before you close the account if you want a copy. After closure, you can still log in briefly to retrieve documents, but it is easier to save them beforehand.
Do I lose my trade history after I close the account?
Your final statement includes all trades for the year. Robinhood also sends this to the IRS if you had taxable events. Once the account is closed, you cannot view individual trades in the app, so download or screenshot your activity before closure if you want to keep detailed records.
How long does it take to close my account after I submit the request?
Robinhood typically confirms closure within one business day of your email confirmation. You may see the account marked as closed in the app immediately, or it may take up to 24 hours. If it has been more than two business days and you still see the account as active, contact support.
Can I reopen my Robinhood account after I close it?
Yes. You can open a new account at any time using the same email address or a different one. Your old account data remains in Robinhood's system for tax and compliance purposes, but you will start fresh with a new account number and zero balance.