Closing your Robinhood account takes about five minutes if your account has a zero balance
To close your Robinhood account, you log in, go to your Account settings, select "Close Account," and confirm. Robinhood will email you a confirmation. The entire process happens in the app or on the website — you do not need to call anyone or mail anything. The one requirement: your account must have zero cash and zero open positions (stocks, options, or crypto you own). If you have money or holdings sitting there, you have to sell or withdraw them first.
The steps differ slightly depending on whether you use the Robinhood app on your phone or the website, but the menu path is the same. This guide walks you through both, plus what to do if you run into a problem.
Key Takeaways
- Your account balance must be exactly zero — no cash and no open stock, options, or crypto positions — before Robinhood will let you close the account.
- You close the account through Account settings in the app or website; there is no phone number to call or form to mail.
- Robinhood sends a confirmation email after you close, but the account is closed when ready once you confirm in the app.
- If you have unsettled trades (buys or sells still processing), you must wait for them to settle before closing.
- Closing your account does not affect your Social Security number, tax records, or any 1099 forms Robinhood has already sent you.
How to close your account on the Robinhood app
Open the Robinhood app and tap the Account icon at the bottom right of the screen. Scroll down and tap "Account Settings." Look for the option labeled "Close Account" — it is usually near the bottom of the settings menu. Tap it.
Robinhood will show you a summary of your account and ask you to confirm that your balance is zero. Read the confirmation message carefully. It will say something like "I understand that my account will be closed and I will no longer have access to my positions or cash." Tap the button to confirm. You will see a final confirmation screen. Tap "Close Account" one more time. The app will show you a message saying your account is closed, and you will receive an email confirmation within a few minutes.
How to close your account on the Robinhood website
Go to robinhood.com and log in. Click your profile icon or initials in the top right corner, then select "Account Settings." Scroll down to find "Close Account" and click it. Robinhood will display the same confirmation message you see in the app.
Check the box next to "I understand that my account will be closed" and any other checkboxes Robinhood requires. Click "Close Account." You will see a confirmation page, and an email will arrive shortly after. Once you close the account, you lose access to your Robinhood login — you cannot log back in to view old statements or trade history through the app or website.
What to do if you have cash or positions in your account
If Robinhood will not let you close your account, the reason is almost always that you have money or holdings still in it. Sell any stocks, options, or crypto you own. This usually takes seconds — just tap the holding, select "Sell," and confirm. The sale settles when ready for stocks (same day) or within one business day for crypto.
If you have cash sitting in your account, transfer it to your linked bank account. In the app, tap Account, then "Transfers," then "Withdraw." Enter the amount and select your bank account. Most transfers take one to three business days. Wait for the transfer to complete before you try to close the account again.
If you have an open order (a buy or sell you placed but has not executed yet), cancel it. Find the order in your Activity or Orders section, tap it, and select "Cancel." Once the order is gone and your balance is zero, you can close the account.
What happens to your tax documents after you close
Closing your account does not erase your tax history with Robinhood. If you bought or sold anything during the year, Robinhood will still send you a 1099 form (usually 1099-B for stocks and options, or 1099-MISC for certain crypto transactions) by January 31 of the following year. You will receive this form even though your account is closed.
Robinhood keeps records of your trades for seven years. If you need to look up old transactions after closing, you can contact Robinhood support with your account details, and they can provide a statement. You do not need to keep your account open to receive tax documents or to file your taxes.
What to do if you cannot close your account
If the "Close Account" button does not appear or Robinhood shows an error message, the most common reasons are: you have unsettled trades, you have a pending transfer, or you have a margin balance (money you borrowed from Robinhood). Check your Activity tab to see if any trades are still processing. Wait for them to settle, then try again.
If you have a margin balance, you must pay it back before closing. Go to Account Settings and look for "Margin Balance" or "Buying Power." If it shows a negative number, you owe Robinhood money. Transfer cash from your bank to cover it, then try closing again.
If you still cannot close the account after checking these things, contact Robinhood support through the app (tap Account, then "Help," then "Contact Us") or through the website at support.robinhood.com. Robinhood support can see what is blocking your account and walk you through the next step.
What happens after you close your account
Once your account is closed, you cannot log in to Robinhood anymore. You lose access to your trade history, statements, and any saved watchlists. Your email address is tied to that closed account, so if you want to open a new Robinhood account later, you will need to use a different email address.
Robinhood will not charge you a fee to close your account. Your Social Security number and personal information remain in Robinhood's records for tax and regulatory reasons, even after the account is closed. This is standard practice for all brokerages.
Frequently Asked Questions
Can I reopen my Robinhood account after I close it?
No, you cannot reopen the same account. If you want to trade again, you must open a new account with a different email address. Your old account stays closed permanently.
Will closing my account affect my credit score?
No. Robinhood is a brokerage, not a lender, so closing your account has no impact on your credit. Credit scores are affected by loans, credit cards, and payment history — not by investment accounts.
Do I need to close my account before I move to a different brokerage?
No. You can open an account at another brokerage while your Robinhood account is still open. You do not have to close Robinhood first. Close it whenever you are ready, or leave it closed if you do not plan to trade there again.
What if I have a pending deposit or withdrawal when I try to close?
Wait for the deposit or withdrawal to complete before closing. Robinhood will not let you close your account while a transfer is in progress. Check your Transfers section to see the status, and try closing again once it shows "Complete."
Can I close my account through customer support instead of doing it myself?
Robinhood does not close accounts over the phone or email. You must close it yourself through the app or website. If you are having trouble accessing your account, contact support and they can help you regain access so you can close it.