You can close your Robinhood account by going to the Account menu, selecting Settings, and requesting closure through the app or website
Robinhood lets you close your brokerage account at any time. The process takes a few minutes to start, but the actual closure depends on whether you have cash or open positions in your account. If your account is empty, closure is when ready. If you hold stocks, options, or cash, you'll need to sell or withdraw those first, or Robinhood will hold the account open until you do.
The steps are the same whether you use the Robinhood app on your phone or the website on a computer. You don't need to call anyone or email support unless something goes wrong.
Key Takeaways
- You must sell all stocks and options positions and withdraw all cash before Robinhood will close your account.
- The closure request itself takes two minutes through the app or website Settings menu, but the actual closure waits until your account is empty.
- If you have a margin balance or owe money, you must pay it back before closure can complete.
- Robinhood will send a confirmation email once your account is fully closed, which usually happens within a few business days after your account is empty.
Sell or withdraw everything in your account first
Before you can close your Robinhood account, you need to remove all money and investments. This means selling every stock and options contract you own, and withdrawing any cash sitting in the account. Robinhood will not close an account that still holds positions or cash.
Log into your Robinhood account and go to your Portfolio tab. Look at every holding listed there. For each one, tap or click on it, select Sell, enter the number of shares or contracts, and confirm the sale. Do this for every position until your Portfolio shows zero holdings.
Once all positions are sold, go to your Account menu and select Transfers. Choose Withdraw and enter the amount of cash you want to move out. You can withdraw to the bank account you linked when you opened Robinhood. Wait for the withdrawal to complete — this usually takes one to three business days.
Check for margin balances or money owed
If you have a Robinhood Gold account or used margin to buy stocks, you may owe money to Robinhood. Before you can close your account, this balance must be zero. Go to your Account menu and look at your Buying Power or Account Balance section. If you see a negative number or a balance owed, you need to deposit cash to cover it.
Deposit money through the Transfers menu by selecting Deposit. Add enough to bring your balance to zero or positive. Once the deposit clears, you can proceed with closure.
Request closure through Settings
After your account is completely empty and you owe nothing, open Robinhood and tap or click on your Account icon (usually in the bottom right on the app, or top right on the website). Select Settings.
Scroll down to find Account Information or Account Details. Look for an option that says Close Account, Deactivate Account, or Delete Account — the exact wording varies slightly between the app and website. Tap or click it.
Robinhood will ask you to confirm that you want to close the account and may ask why you're leaving. You can skip the survey or fill it out. Then confirm the closure request. You should see a message saying your closure request has been submitted.
What happens after you request closure
Robinhood sends a confirmation email to the address on file. The email will say your account closure is in progress. From this point, closure usually completes within a few business days, though it can take up to two weeks depending on Robinhood's processing time.
During this period, you won't be able to log in or trade. Your account is locked. Once closure is final, you'll receive another email confirming that your Robinhood account no longer exists. At that point, you can no longer access any account information or history through Robinhood.
If you have a linked bank account or pending transfers
If you requested a withdrawal but it hasn't cleared yet, wait for it to complete before requesting closure. Robinhood may delay account closure if money is still in transit. Check your bank account to confirm the deposit arrived, then request closure.
If you linked a bank account to Robinhood but never used it, you don't need to unlink it before closure. Robinhood will handle that automatically when your account closes.
What you lose when you close your account
Once your Robinhood account is closed, you lose access to your transaction history, tax documents, and any records stored in the app. Before you close, read or screenshot anything you need for your taxes or personal records. Robinhood keeps tax documents like 1099 forms for a limited time after closure, but it's safer to save them yourself.
You can read your tax documents by going to Account > Documents before you close. Look for 1099-B (investment sales), 1099-DIV (dividends), or 1099-INT (interest). Save these as PDFs to your computer.
Frequently Asked Questions
Can I reopen my Robinhood account after I close it?
Yes. You can create a new Robinhood account at any time after closure. You'll go through the normal signup process again, including identity verification. Your old account data won't transfer, so you'll start fresh.
What if I have a pending deposit when I try to close?
Wait for the deposit to clear and show up in your account balance. Then sell any positions, withdraw the cash, and request closure. Robinhood won't close your account while money is in transit.
Do I need to contact Robinhood support to close my account?
No. The Settings menu closure request is the standard way to close. You only need to contact support if the closure option doesn't appear, if your account won't empty, or if you encounter an error during the process.
Will closing my Robinhood account affect my credit?
No. Closing a brokerage account does not show up on your credit report or affect your credit score. Credit reports track debt and payment history, not investment accounts.
What if I have fractional shares I can't sell?
Robinhood lets you sell fractional shares through the same Sell menu. Tap the position, select Sell, and enter the exact number of shares including the decimal. Robinhood will sell the fractional amount at the current market price.