How to deactivate your Robinhood account

To close your Robinhood account, you log in to the app or website, go to your Account settings, select the option to close or deactivate your account, and follow the prompts to confirm. Robinhood will walk you through any final steps, such as withdrawing remaining cash or closing open positions. The process typically takes a few minutes, though it may take several business days for the account to fully close on Robinhood's end.

Before you start, make sure you have withdrawn all your cash and closed or sold all your positions (stocks, options, or crypto). Robinhood will not let you deactivate an account that still holds investments or has unsettled cash. If you have pending transfers or open orders, cancel those first.

Key Takeaways

  • You must withdraw all cash and close all positions before Robinhood will let you deactivate your account.
  • The deactivation option is in your Account settings under the profile or security section, depending on whether you use the app or website.
  • Robinhood may ask you why you are closing the account, but your answer does not affect whether the closure goes through.
  • After you confirm deactivation, it can take several business days for the account to fully close and stop appearing in your login options.

Steps to close your account in the Robinhood app

Open the Robinhood app and tap the account icon in the bottom right corner. This takes you to your profile page. Scroll down and look for a "Settings" or "Account" section — the exact label varies by app version. Tap it.

Inside Settings, look for an option labeled "Deactivate Account," "Close Account," or "Account Closure." Tap that option. Robinhood will show you a checklist of things you need to do first: withdraw cash, close positions, and cancel any pending orders. If you have already done all of those, you can proceed. If not, the app will tell you what is still blocking closure.

Once everything is cleared, Robinhood will ask you to confirm that you want to close the account. You may see a question asking why you are leaving — this is optional feedback and does not change whether your account closes. Tap the final confirmation button, and your deactivation request is submitted.

Steps to close your account on the Robinhood website

Log in to your Robinhood account on the web. Click your profile icon or initials in the top right corner and select "Account Settings" from the dropdown menu.

On the Account Settings page, look for a section labeled "Deactivate Account" or "Close Account" — it is usually near the bottom of the page. Click that link. Like the app, the website will show you a checklist of requirements: zero cash balance, no open positions, and no pending orders. If you have completed all of those, you can move forward.

Click the button to confirm deactivation. Robinhood may ask for feedback about why you are closing the account. This step is optional. After you confirm, your request is submitted and the account begins the closure process.

What happens to your data and history after closure

After your account closes, you can no longer log in or access your positions and transaction history through the app or website. However, Robinhood keeps records of your account for tax and regulatory reasons. If you need a copy of your tax documents (like a 1099 form for the year you close the account), you can request those from Robinhood even after closure.

If you closed the account partway through a calendar year, Robinhood will still send you a 1099 form for that year showing your gains, losses, and dividends. Keep any confirmation email or reference number from your closure request in case you need to contact Robinhood later about your account history.

If your account will not close

The most common reason an account will not close is unsettled cash or open positions. Robinhood requires a zero balance before closure. If you see a message saying you cannot deactivate, check the following:

  • Do you have any open stock or options positions? Sell or close them.
  • Do you have any pending buy or sell orders? Cancel them in the Orders section.
  • Do you have cash sitting in your account? Withdraw it to your linked bank account.
  • Do you have any pending transfers in or out? Wait for those to settle before trying to close.
  • Are you on a margin account with a negative balance? Pay the balance before closing.

If you have cleared all of those and the account still will not close, contact Robinhood support through the app or website. Tap the question mark icon or "Help" and describe the issue. Support can see if there is a technical hold or a regulatory reason preventing closure.

What to do with your money before closing

Before you deactivate, you need to move your cash out of Robinhood. Go to the Account or Transfers section and select "Withdraw." Choose your linked bank account and enter the amount you want to move. Robinhood will send the money to that account — this usually takes one to three business days, depending on your bank.

If you have investments you want to keep, you can transfer them to another brokerage instead of selling them. This is called an ACAT transfer (Automated Customer Account Transfer). The new brokerage handles most of the work. However, ACAT transfers can take one to two weeks, so plan ahead if you want to move positions rather than sell them.

Reactivating your account after closure

Once your account is fully closed, you cannot straightforward reopen it. If you want to use Robinhood again, you will need to create a new account from scratch. This means going through the sign-up process again, linking a new bank account, and waiting for verification. Your old account history will not carry over to the new account, though Robinhood's records of your old account remain for tax purposes.

If you are closing because of a specific problem — like trouble with a transfer, a technical issue, or a question about your account — contact Robinhood support first. They may be able to fix the issue without you having to close.

Frequently Asked Questions

Does closing my Robinhood account affect my credit score?

No. Closing a brokerage account like Robinhood does not show up on your credit report and does not affect your credit score. Credit reports track borrowing and debt, not investment accounts. Your credit is only affected if you borrowed money on margin and did not pay it back.

Can I close my account if I have unsettled trades?

No. You must wait for all trades to settle before you can close your account. Stock trades settle in two business days, and options trades settle in one business day. Robinhood will not let you deactivate until everything has settled and your positions are closed.

What if I forgot my password and cannot log in to close the account?

Use the "Forgot Password" option on the Robinhood login page to reset your password. Once you log back in, you can proceed with closing the account. If you cannot access your email or phone number linked to the account, contact Robinhood support and explain the situation — they can help you regain access.

Will I get a confirmation email after I close my account?

Yes. Robinhood sends a confirmation email after you submit your deactivation request. Save this email and any reference number it contains. If you need to contact support about your closed account later, you will have proof of when and how you closed it.

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

The deactivation request is when ready, but it can take several business days for Robinhood to fully process the closure on their end. During this time, you will not be able to log in. After a few days, the account should stop appearing in your login options entirely.