How to Close Your Robinhood Account and Withdraw Your Money

The steps to close your Robinhood account

To close your Robinhood account, you must first withdraw or transfer all your money out, then request account closure through the app or website. Robinhood does not let you delete an account that still holds cash or securities. The process takes a few minutes to request, but the actual closure can take several business days.

Start by opening the Robinhood app or going to robinhood.com and signing in. Tap or click the account icon (usually in the bottom right on mobile, top right on desktop). Look for "Account" or "Settings" and scroll to find "Close Account" or "Deactivate Account" — the exact wording varies by app version. Before you can proceed, the system will show you your current cash balance and any open positions.

If you have cash sitting in your account, you must move it out first. You can transfer it back to your linked bank account through the "Transfer" or "Withdraw" option in the app. If you own stocks, ETFs, or other securities, you must sell them or transfer them to another brokerage. Robinhood will not close your account while you hold any positions.

Key Takeaways

• Your account must have zero cash and zero open positions before Robinhood will close it.
• Withdrawing cash to your bank account typically takes one to three business days; selling securities settles in two business days.
• The account closure request itself is instant, but Robinhood may take up to 30 days to fully deactivate the account.
• After closure, you can no longer trade, but your account history and tax documents remain available for download for several years.

Withdrawing cash from your Robinhood account

To withdraw cash, go to the Account menu and select "Transfer" or "Withdraw Funds." Choose the bank account you linked when you opened your Robinhood account. Enter the amount you want to move out — you can withdraw all of it or leave some behind if you plan to keep the account open longer.

Robinhood processes withdrawals during business hours (Monday through Friday, 9 a.m. to 5 p.m. Eastern). A withdrawal requested on a Friday afternoon may not process until Monday. Once Robinhood sends the money to your bank, your bank typically takes one to three business days to deposit it. During market hours, you may see the withdrawal show as "pending" in your account.

If you have a Robinhood Gold subscription (margin account), you may have a negative cash balance — meaning you owe Robinhood money. You must deposit funds to bring your balance to zero or positive before you can close the account. Pay this balance through the same transfer menu.

Selling or transferring your securities

Any stocks, ETFs, options, or cryptocurrency in your account must be gone before closure. The fastest way is to sell everything. Open each position, tap "Sell," enter the number of shares or the dollar amount, and confirm the order during market hours. Cryptocurrency trades 24/7, but stocks and ETFs trade only during market hours (9:30 a.m. to 4 p.m. Eastern on weekdays).

Alternatively, you can transfer your securities to another brokerage. This process is called an ACAT transfer (Automated Customer Account Transfer). Contact the new brokerage and ask them to initiate the transfer — they will handle most of the paperwork. Robinhood charges a $75 transfer fee, which the receiving brokerage may reimburse. ACAT transfers typically take five to seven business days.

If you own fractional shares (common in Robinhood), you must sell them — you cannot transfer fractional shares to most other brokerages. Robinhood will sell fractional shares at market price when you request it.

Requesting account closure in the app or website

Once your account shows zero cash and zero positions, return to the Account menu and select "Close Account" or "Deactivate Account." Robinhood will ask you to confirm and may ask why you are closing the account — this is optional feedback. Tap or click the final confirmation button.

You will see a message confirming that your closure request has been submitted. At this point, your account is locked — you cannot trade or transfer money. Robinhood will send a confirmation email to the address on file. The company typically completes the closure within 30 days, though it may happen faster.

If you change your mind before the closure is final, contact Robinhood support through the app or website and ask them to cancel the request. Once the account is fully closed, you cannot reopen it under the same email address — you would need to create a new account.

What happens to your account history and tax documents

Closing your account does not delete your history. You can download your tax documents (Form 1099-B for securities sales, Form 1099-INT for interest, Form 1099-DIV for dividends) from Robinhood for several years after closure. These documents are important for filing your taxes if you sold securities or earned income in the account.

Before you close the account, download or screenshot any trade confirmations, statements, or records you want to keep. After closure, you can still request these through Robinhood's support, but it is easier to save them beforehand. Your cost basis information (the price you paid for each security) is especially important if you sold at a gain or loss.

Troubleshooting common closure problems

If the "Close Account" button is grayed out or missing, you likely still have cash or positions in the account. Check your account summary for any holdings you may have forgotten about. Robinhood sometimes shows small cash balances due to rounding or pending transactions — if you see a balance under $1, contact support to clear it.

If you cannot find the closure option, make sure you are using the current version of the Robinhood app. Older versions may not display the feature. Update the app through your phone's app store, then try again. On the website, try a different browser or clear your cache if the option does not appear.

If you have an open support case or dispute with Robinhood, the company may not allow closure until it is resolved. Check your email for any messages from Robinhood support and respond to any pending requests.

Frequently Asked Questions

Can I close my account if I have pending transactions?

No. Wait for all pending trades, transfers, and deposits to settle before requesting closure. Pending transactions typically settle within two to three business days. Once everything shows as complete, you can proceed with the closure request.

What if I forgot which bank account I linked to Robinhood?

Go to Account Settings and look for "Linked Banks" or "Payment Methods." You will see the last four digits of the account number. If you need to change it before withdrawing, add a new bank account in the same menu, then withdraw to the new account. You must wait for the new bank to verify before you can use it.

Do I lose my trade history after I close the account?

No. Your trade history and tax documents stay in your Robinhood account for several years after closure. You can download them anytime by logging back in with your email and password, even after the account is closed.

How long does it take for Robinhood to fully close my account?

Robinhood typically completes closure within 30 days of your request. You will receive an email confirmation when it is done. During this time, your account is locked and you cannot trade, but you can still view your history and download documents.

Can I reopen my Robinhood account after closing it?

You cannot reopen the same account. However, you can create a new Robinhood account using the same email address after 30 days have passed. You will go through the full signup process again, including identity verification.