You can close your Robinhood account through the app or website, but you must sell or transfer all holdings first

Robinhood does not let you close an account while you hold stocks, options, crypto, or cash. You have to move or sell everything before the account can be deleted. The process itself takes a few minutes once your account is empty, but the selling or transferring part is what takes time — sometimes days if you are waiting for trades to settle.

The steps are straightforward: empty the account, then request closure. Robinhood will send a confirmation email, and the account disappears within a few business days. You do not need to call anyone or fill out forms. Everything happens in the app or on the website.

Key Takeaways

  • You must sell all stocks, options, and crypto and withdraw all cash before Robinhood will close your account.
  • Cash withdrawals take one to three business days to reach your bank, so plan for that timing before requesting closure.
  • The closure request itself takes two minutes in the app or website, under Account Settings.
  • Once you request closure, Robinhood sends a confirmation email and the account is gone within a few business days.
  • If you have unsettled trades (waiting for the three-day settlement period), you must wait for them to settle before you can withdraw the cash.

Sell or transfer everything you own

Open the Robinhood app or go to robinhood.com and look at your portfolio. You need to sell every stock, option, and crypto holding. Stocks and options sell when ready during market hours (9:30 a.m. to 4 p.m. Eastern on weekdays), but crypto sells at any time. The cash from the sale lands in your Robinhood account when ready, but it is not available to withdraw for three business days — this is the standard settlement period for stock trades.

If you have holdings you want to keep, you can transfer them to another brokerage instead of selling. This is called an ACAT transfer (Automated Customer Account Transfer). Contact the brokerage where you want the holdings to go, and they will handle the transfer request. Robinhood does not charge a fee, but the receiving brokerage might. The transfer usually takes five to seven business days.

Withdraw all your cash

Once your holdings are sold or transferred, go to the Account tab in the Robinhood app (or Account Settings on the website) and select "Transfers." Choose "Withdraw" and enter the amount you want to send to your bank. You can withdraw all of it at once.

The withdrawal takes one to three business days to reach your bank account. If you have unsettled cash — money from trades that are still in the three-day settlement window — you cannot withdraw it yet. You have to wait for the settlement to finish. Check the "Buying Power" section in your account to see how much cash is available to withdraw right now.

Request account closure in settings

Once your account is completely empty (no holdings, no cash), go to Account Settings. On the app, tap the Account tab, then scroll down and look for "Account Statements" or "Settings." On the website, click your profile icon in the top right and select "Account Settings." Look for an option that says "Close Account" or "Deactivate Account."

Click it and confirm that you want to close the account. Robinhood will ask you why you are leaving — you can skip this or answer it. Then you will see a confirmation that your closure request has been submitted. That is it. You do not need to do anything else.

What happens after you request closure

Robinhood sends a confirmation email to the address on file. The account is deleted within a few business days. You will lose access to the app and website. Any documents or tax forms (like 1099 forms for the year you traded) should be downloaded before you close the account, because you cannot access them afterward.

If you need tax documents after the account is closed, contact Robinhood's support team through their website. They can send you copies, though it may take longer than if you downloaded them while the account was open.

If you have a margin account or outstanding transfers

If you have a margin account (one where Robinhood lent you money to buy stocks), you must pay back any borrowed amount before closing. The cash from selling your holdings goes toward the debt first. If you do not have enough cash to cover it, you cannot close the account until you deposit more money or sell additional holdings.

If you have a pending transfer — money on its way to your bank, or a transfer request to another brokerage — you have to wait for it to complete before closing. Robinhood will not let you close an account with an active transfer.

Frequently Asked Questions

Can I close my account if I have pending trades?

No. Pending trades must settle (usually three business days) before you can withdraw the cash. Once they settle, the cash is available to withdraw, and then you can close the account.

What if I forgot my password?

Use the "Forgot Password" link on the Robinhood login page to reset it. You will need access to the email address on your account. Once you reset the password, log in and follow the closure steps above.

Do I lose my tax documents when I close the account?

Yes, you cannot access them through the app or website after closure. read any 1099 forms or trade history before you request closure. If you need them later, contact Robinhood support and they can send copies, though it takes longer.

Can I reopen my account after I close it?

Robinhood does not say whether you can reopen a closed account. If you think you might want to trade again, contact Robinhood support before closing to ask about your options.

What if Robinhood will not let me close my account?

The most common reason is unsettled cash or an active transfer. Check that all trades have settled and all transfers are complete. If you still cannot close it, contact Robinhood support through the app or website — they can tell you what is blocking closure.