Deleting your Robinhood account requires you to close your brokerage account first, then request account deletion through the app or website

Robinhood does not let you delete your account while it holds cash or securities. You must withdraw or sell everything, close any open positions, and settle any pending trades before the deletion option becomes available. The process takes a few steps and can take several business days from start to finish, depending on how long your withdrawals take to clear.

Once your account is fully closed, Robinhood will delete your personal information from its active systems. However, the company keeps records of your account for tax and regulatory reasons — you will still receive tax documents like 1099 forms for the year you held the account.

Key Takeaways

  • You must have a zero cash balance and no open positions before Robinhood will let you close your account.
  • Selling securities and withdrawing cash can take several business days to settle, so plan for delays.
  • Closing your account does not delete your tax records — Robinhood will still send you 1099 forms if you had taxable activity.
  • Once your account is closed, you can request deletion through the app's Account Settings menu or by contacting Robinhood support.
  • If you have a margin account with a negative balance, you must pay back the borrowed amount before closing.

Step 1: Sell all securities and close open positions

Log into your Robinhood account and go to your portfolio. Sell every stock, ETF, option, or cryptocurrency you own. If you have open orders waiting to fill, cancel them. If you hold fractional shares, sell those too — Robinhood will not let you close an account with any securities remaining.

Selling takes effect when ready, but the cash from the sale settles in your account within one to two business days. During this time, your account is still active and you cannot close it yet.

Step 2: Withdraw all cash from your account

Once your sales have settled, go to the Account menu and select "Transfers." Choose "Withdraw" and enter the amount you want to move to your linked bank account. Robinhood will ask you to confirm the bank account where the money should go — this must be the same account you used to fund your Robinhood account originally.

Withdrawals typically take three to five business days. If you withdraw to a different bank account than the one you linked, Robinhood may reject the transfer or delay it while it verifies the account. Once the withdrawal clears, your Robinhood cash balance will be zero.

Step 3: Check for pending transactions and margin balances

Before you close your account, make sure no trades are still settling. Open the Account menu and look at your transaction history to see if any recent sales or transfers show a "pending" status. Wait for all pending items to complete.

If you have a margin account (one that lets you borrow money to trade), check that your balance is not negative. A negative balance means you owe Robinhood money. You must deposit cash to bring your balance to zero or positive before you can close the account.

Step 4: Close your account through the app or website

Once your cash balance is zero and you have no open positions, open the Robinhood app or website and go to Account Settings. Look for an option labeled "Close Account" or "Deactivate Account." Robinhood will ask you to confirm that you want to close it and may ask why you are leaving.

After you confirm, your account will be marked as closed. You will no longer be able to trade, but your account information will remain visible in the app for a short period so you can read statements or tax documents if needed.

Step 5: Request account deletion (optional)

Closing your account and deleting it are two separate actions. Once your account is closed, you can request that Robinhood delete your personal data. Go back to Account Settings and look for a "Delete Account" or "Request Data Deletion" option. Some users report this option appears only after their account has been closed for a few days.

If you cannot find the deletion option in the app, contact Robinhood support through the Help menu and ask to delete your account. You may need to verify your identity by providing your email address and the phone number associated with your account.

What to do if you cannot find the close account option

If the "Close Account" button does not appear in your settings, you likely still have unsettled transactions, pending withdrawals, or open positions. Go back through steps 1 through 3 and check each one carefully. Look at your cash balance — it should show exactly $0.00 with no pending deposits or withdrawals.

If everything appears settled and the option still does not show, contact Robinhood support. Explain that you have sold all securities, withdrawn all cash, and want to close your account. Support can sometimes manually close accounts or tell you what is blocking the closure.

Frequently Asked Questions

Will I lose my tax records if I delete my account?

No. Robinhood keeps tax records separate from your account. Even after deletion, you will receive 1099 forms for any year you had taxable activity like selling securities at a gain or receiving dividends. read your tax documents before closing if you want a copy in your own files.

Can I reopen my account after closing it?

Yes. Closing your account does not prevent you from opening a new one later. You can sign up again with the same email address or a different one. However, you will start fresh — your old account history will not transfer to the new account.

What happens to my linked bank account after I close Robinhood?

Closing your Robinhood account does not affect your bank account. Your bank account remains open and unchanged. If you want to unlink it from Robinhood, you can do that in the Transfers section before you close your account, though it is not required.

How long does it take to fully delete my account?

Closing your account is when ready once you confirm in the app. Deletion of your personal data can take anywhere from a few days to several weeks, depending on Robinhood's processing time. You will not receive a confirmation email when deletion is complete.

Do I need to contact support to close my account?

No, you can close your account yourself through the app or website if your balance is zero and you have no open positions. You only need to contact support if the close option does not appear, if you have questions about unsettled transactions, or if you want to request deletion and cannot find that option.