How to Close Your Robinhood Account in 5 Steps
Close your Robinhood account by withdrawing your cash, selling your holdings, and submitting a deactivation request through the app or website
Robinhood does not charge a fee to close your account. The process takes about five minutes to start, though your money may take several business days to leave the platform. You must have a zero balance — no cash sitting in the account and no open positions — before Robinhood will process the closure.
The steps are straightforward, but the order matters. If you try to deactivate before your money is out, the request will be rejected. This guide walks you through each step in the right sequence so your account closes without delay.
Key Takeaways
- You must sell all stocks, options, and crypto holdings and withdraw all cash before Robinhood will close your account.
- The deactivation request is submitted through the app under Account Settings or through the website under Account menu, then Deactivate Account.
- After you submit the deactivation request, Robinhood sends a confirmation email; you have a window to cancel if you change your mind.
- Cash withdrawals typically arrive in your linked bank account within 1 to 3 business days, but the account closure itself is final once confirmed.
- If you have a margin balance or unsettled trades, you cannot close the account until those are resolved.
Sell all your holdings before you withdraw
Open the Robinhood app or website and go to your portfolio. Look at the Stocks, Options, and Crypto tabs — anything with a balance must be sold. Robinhood will not let you close an account with open positions.
Sell during market hours for the fastest execution. If you hold fractional shares, they will sell as a unit. Once the sale settles — usually the next business day for stocks — the proceeds appear as cash in your account. Options and crypto settle faster, often the same day.
Do not leave a small balance hoping it will not matter. Robinhood's system checks for any holding, no matter the size. A single share or $0.01 in cash will block the closure.
Withdraw all your cash to your bank account
After your sales settle, go to the Account menu and select Transfer. Choose Withdraw and enter the amount you want to move. Robinhood will show you the linked bank account where the money will go — usually the same account you used to fund the platform.
If you have multiple bank accounts linked, you can choose which one receives the withdrawal. Enter the full amount in your Robinhood cash balance. Robinhood does not charge a withdrawal fee.
The money typically arrives in 1 to 3 business days. Do not submit the deactivation request until the withdrawal is complete and you see the funds in your bank account. If you close the account before the transfer finishes, the withdrawal may be cancelled.
Check for margin balances or unsettled trades
If you have a margin account, check whether you owe Robinhood any money. Go to Account Settings and look for Margin Balance. If the number is negative (meaning you owe money), you must deposit funds to bring it to zero before you can close the account.
Also check for unsettled trades — sales that have not yet settled. These appear in your Activity tab with a settlement date. Wait for the settlement date to pass before you proceed. Robinhood will not process a closure while trades are pending.
If you are unsure whether your account is ready, go to Account Settings and scroll to the bottom. Robinhood sometimes displays a message if there is a reason you cannot close the account yet.
Submit the deactivation request through your account settings
Once your balance is zero and all trades have settled, open the Robinhood app. Tap Account (the person icon at the bottom right), then scroll down and tap Account Settings. Look for Deactivate Account near the bottom of the menu.
On the website, click your name or profile icon in the top right, select Account, and then Deactivate Account. Robinhood will ask you to confirm that you want to close the account and may ask why you are leaving. Answer or skip the survey — it does not affect the closure.
Read the final confirmation screen carefully. It will tell you that the account will be permanently closed and that you will lose access to your transaction history and any pending transfers. Click Deactivate to proceed.
Confirm the closure through your email
Robinhood sends a confirmation email to the address on file. Open that email and click the link to verify the closure. This step is required — the account will not close without your confirmation.
The email usually arrives within a few minutes. If you do not see it, check your spam folder. The confirmation link is valid for 24 hours. If you change your mind during this window, you can click a link in the email to cancel the closure request.
After you confirm, Robinhood processes the closure. Your login credentials stop working immediately, though it may take a few hours for the account to fully disappear from the system.
What happens to your data after closure
Robinhood keeps your tax documents and transaction history for seven years, as required by law. You can request these records after your account closes by contacting Robinhood support through the website. You will need to verify your identity.
Your login credentials become inactive right away. If you ever want to rejoin Robinhood, you can open a new account using the same email address, but it will be treated as a fresh account with no connection to the old one.
If you have pending transfers that have not yet arrived in your bank account when you close the account, contact Robinhood support immediately. Transfers that are already in progress should complete, but it is safer to confirm before you close.
Frequently Asked Questions
Can I close my Robinhood account if I have unsettled cash?
No. Unsettled cash — money from a recent sale that has not yet cleared — counts as a balance. Wait for the settlement date to pass, then withdraw the cash to your bank account before you submit the deactivation request.
What if I forgot which bank account I linked to Robinhood?
Go to Account Settings and look for Linked Bank Accounts. Robinhood shows the last four digits of each linked account. If you are not sure which one to use, withdraw to the account that appears there, or contact Robinhood support to confirm before you withdraw.
Can I reopen my Robinhood account after I close it?
Yes. You can open a new account using the same email address or a different one. The new account will be separate from the old one, and you will not have access to the old account's history or settings.
How long does it take for Robinhood to close my account after I confirm the email?
Your login stops working immediately after you confirm the email. The account may take a few hours to fully disappear from Robinhood's system, but you cannot access it right away.
Will closing my Robinhood account affect my credit score?
No. Closing a brokerage account does not appear on your credit report and does not affect your credit score. Only credit accounts — credit cards, loans, lines of credit — show up on your credit history.