Close your Robinhood account through the app or website in under five minutes

To close your Robinhood account, open the app or log into the website, go to your Account settings, select "Close Account," and follow the prompts to confirm. Robinhood will walk you through any required steps—such as withdrawing remaining cash or settling open positions—before the closure is final. The entire process typically takes a few minutes, though the account may take a few business days to fully close in their system.

Before you start, make sure you have withdrawn all cash from your account and closed any open trades or options positions. Robinhood will not close your account if you have unsettled funds or active holdings. If you have a margin balance (money you borrowed from Robinhood), you must pay that back first.

Key Takeaways

  • You must withdraw all cash and close all open positions before Robinhood will let you close your account.
  • If you have a margin balance, you must pay it back in full before closure is possible.
  • The account closure request takes a few minutes to submit, but the account may take several business days to fully disappear from Robinhood's system.
  • Robinhood does not charge a fee to close your account.
  • After closure, you can download your tax documents and transaction history from your account settings before the account is fully removed.

Step-by-step: closing your account on mobile or desktop

On the Robinhood app: Tap the Account icon (usually at the bottom right), scroll down to Account Settings, and select "Close Account." Read the confirmation message, which will remind you of any unsettled cash or open positions. Tap "Close Account" again to confirm.

On the Robinhood website: Log in, click your profile icon in the top right corner, select "Account Settings," scroll to the bottom, and click "Close Account." You will see the same confirmation screen. Click the button to confirm closure.

If you see an error message saying you cannot close your account, check that you have zero cash balance, zero open stock positions, zero options contracts, and zero margin balance. Even a few cents in unsettled cash or a fractional share will block closure. Withdraw or sell everything first, then try again.

What happens to your money and holdings when you close

Any cash in your account must be withdrawn before closure. Use the "Transfer" or "Withdraw" option in your account to move money back to your linked bank account. This typically takes one to three business days to arrive, depending on your bank.

Any stocks or fractional shares you own must be sold before closure. Open the position, tap or click "Sell," enter the quantity, and confirm the sale. The cash from the sale will land in your account balance, which you then withdraw. The same applies to options contracts—you must close or sell them before the account can close.

If you have a margin balance (a negative cash balance, meaning you owe Robinhood money), you must deposit funds to bring your balance to zero or positive. You cannot close your account while you owe money.

Downloading your tax documents and trade history before closure

Before your account fully closes, download your tax documents and transaction history. Robinhood sends a 1099 form to the IRS if you had taxable activity during the year, but you should keep your own copy for your records.

To download documents: Go to Account Settings, select "Tax Documents" or "Statements," and download any 1099 forms, monthly statements, or year-end summaries. You can also request a full transaction history export from the same menu. Do this before you submit the closure request, because access may become limited once closure is in progress.

If you closed your account and did not download your documents, contact Robinhood support through the app or website. They can usually send you copies of tax forms and statements for a limited time after closure.

What to do if your account closure is stuck or delayed

If you submitted a closure request and it has been more than a week with no change, log back into your account and check whether any unsettled cash or pending transactions are blocking the process. Sometimes a deposit or withdrawal takes longer than expected, and the account will not fully close until it settles.

If everything appears settled and the account is still open, contact Robinhood support. Open the app, tap Account, scroll to the bottom, and select "Contact Support" or "Help." Describe the issue and mention the date you requested closure. Support can manually review your account and complete the closure if there is a system error.

Robinhood support is available through in-app chat and email. Response times vary, but most issues are resolved within one to three business days.

Transferring your holdings to another brokerage instead of closing

If you want to move your stocks or options to a different brokerage rather than sell them, you can request an ACAT transfer (Automated Customer Account Transfer). This moves your holdings to the new brokerage without triggering a taxable sale.

To start an ACAT transfer, open an account at your new brokerage and request an incoming transfer. Your new brokerage will contact Robinhood on your behalf. Robinhood will not charge you a transfer fee, though your new brokerage may charge a small fee (typically $0 to $50). The transfer usually takes five to ten business days.

During the transfer, your Robinhood account will be locked and you cannot trade. Once the transfer completes, your Robinhood account will close automatically. This is often faster and simpler than manually selling everything and closing the account yourself.

After your account closes: what you need to know

Once your account is fully closed, you will no longer see it in the Robinhood app or website. You cannot reopen the same account—if you want to trade again, you will need to create a new account and go through the sign-up process again.

Your tax documents and trade history remain available from Robinhood for a set period (usually several years), even after closure. If you need them later, contact support with your former account details.

If you had recurring deposits or automatic transfers set up, those will stop once the account closes. You do not need to cancel them manually, but you can do so beforehand if you want to be certain.

Frequently Asked Questions

Does Robinhood charge a fee to close my account?

No. Robinhood does not charge any fee to close your account. However, if you transfer your holdings to another brokerage instead of closing, your new brokerage may charge a transfer fee, typically between $0 and $50.

What if I have unsettled cash or pending transactions when I try to close?

Robinhood will not let you close your account until all cash is settled and all transactions are complete. Wait for pending deposits or withdrawals to finish, then try closing again. This usually takes one to three business days.

Can I reopen my Robinhood account after I close it?

No. Once you close your account, you cannot reopen it. If you want to trade again, you must create a new account from scratch and go through the sign-up process.

What happens to my tax documents after I close my account?

Robinhood keeps your tax documents and statements available for several years after closure. You can request copies by contacting support. Download them before closure if you want to be certain you have them.

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

The closure request takes a few minutes to submit, but the account may take several business days to fully disappear from Robinhood's system. If it has been more than a week and your account is still visible, contact support.