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How to Delete a Robinhood Account Download Article Co-authored by Andrew Lokenauth and Nicole Levine, MFA
Last Updated: May 12, 2025 Fact Checked
Download Article
Things You Should Know
|
Closing Your Account
|
Transferring to Another Brokerage
|
Video
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Tips
|Show more|Show less X
This article was co-authored by Andrew Lokenauth and by wikiHow staff writer, Nicole Levine, MFA. Andrew Lokenauth is a Finance Expert who has over 15 years of experience working on Wall St. and in Tech & Start-ups. Andrew helps management teams translate their financials into actionable business decisions. He has held positions at Goldman Sachs, Citi, and JPMorgan Asset Management. He is the founder of Fluent in Finance, a firm that provides resources to help others learn to build wealth, understand the importance of investing, create a healthy budget, strategize debt pay-off, develop a retirement roadmap, and create a personalized investing plan. His insights have been quoted in Forbes, TIME, Business Insider, Nasdaq, Yahoo Finance, BankRate, and U.S. News. Andrew has a Bachelor of Business Administration Degree (BBA), Accounting and Finance from Pace University. This article has been fact-checked, ensuring the accuracy of any cited facts and confirming the authority of its sources. This article has been viewed 47,193 times.
Are you ready to close your Robinhood account? Whether you're no longer excited about trading stocks and cryptocurrencies or just want to transfer your positions to another brokerage, closing your Robinhood account is incredibly easy. Before you close your account, you'll just need to sell or transfer your stocks and cryptocurrencies and withdraw any remaining funds to your bank account. This wikiHow article will walk you through the simple process of closing your Robinhood account.
Steps
Section 1 of 3:
Things You Should Know
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1 You'll need to close all open positions. If you hold any stocks or cryptocurrencies, you'll need to sell them before closing your account. If you don't want to sell your positions but no longer want to use Robinhood, you can transfer your positions to another brokerage, or your crypto to another blockchain.[1]XResearch source
2 Your balance must be $0.00. If you have any funds in your account after closing your positions, you'll need to withdraw them to your bank account before closing.[2]XResearch source Advertisement
3 You can still access your account information after closing your account. Should you need to download your tax statements and trade confirmations, you'll be able to do so at any time.
4 Closing your account is free. If you choose to transfer your stocks to another brokerage, there's a fee. But otherwise, you will not be charged to close your Robinhood account.
5 If you have a Robinhood debit card, your card will no longer work. Closing your Robinhood account also closes your Cash Management account, which will deactivate your debit card.[3]XResearch source
Advertisement Section 2 of 3:
Closing Your Account
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1 Open the Robinhood app. You can launch the app on your Android, iPhone, or iPad to easily close your account. During the closing process, you'll be prompted to take care of any loose ends (such as closing your positions) along the way.
2 Close any open stock positions. If you have any remaining stock shares, you'll need to sell those first. Go to the stock's page, choose Trade, tap Sell, and choose your selling preferences.
If you want to transfer your stocks to another brokerage instead, you can do so. Once your new brokerage initiates and completes the transfer, Robinhood will instantly close your account.
3 Sell or transfer your cryptocurrency. You'll also need to sell or transfer any crypto you own. To sell crypto, just go to the cryptocurrency's details page, tap Trade, tap Sell, select an order type, and confirm your order.
If you've enabled the cryptocurrency wallet in Robinhood, you can opt to transfer your crypto to another blockchain instead.[4]XResearch source To enable the cryptocurrency wallet, tap the Account icon (the person), tap the menu, choose Crypto, then follow the on-screen instructions to activate your wallet. This can take up to 5 days.
To transfer crypto to another location after activating the wallet, go to the currency's details page, tap Send, enter the amount and wallet address, and go to Review > Submit. Make sure you enter the wallet address carefully, as an incorrectly-typed wallet address will result in lost funds.
Any on-chain transfer fees will be deducted from your balance during the transfer.
4 Withdraw your cash balance. After selling stocks and currencies, you'll need to transfer your cash balance over to your bank account. It's super easy:[5]XResearch source
Tap the account icon at the bottom-right.
Tap the three-line menu.
Tap Transfers.
Select your Robinhood account in the "From" field.
Select your bank account in the "To" field.
Enter the entirety of your balance.
Tap Review.
5 Tap the Account icon. It's the outline of a person at the bottom-right corner.
6 Tap the Menu icon ☰. It's the three horizontal lines at the top-left or top-right corner, depending on your platform.
7 Tap Settings. You'll see this on the menu.
8 Tap Deactivate your account. If you don't see this red button, tap Account Information first.
9 Complete your final tasks. If you still have open positions or there's a balance on your account, you'll see that information under "Deactivate your brokerage account." It can take a few days for sales and transfers to complete—if the "Deactivate account" button is grayed out, there's still more to do.
10 Tap Deactivate account and follow the on-screen instructions. Once you've fulfilled all obligations, your Robinhood account will be closed.[6]XResearch source
It can take anywhere from 3 days to a week to close your account.
Advertisement Section 3 of 3:
Transferring to Another Brokerage
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1 Tap the Menu icon ☰ in Robinhood. It's the three horizontal lines at the top-left or top-right corner, depending on your platform. If you need to transfer your stocks, ETFs, or options, to another brokerage before canceling, it's easy to do.
There is a fee for brokerage transfers.
If you have fractional shares, they'll be sold before the transfer. The cash balance from the sale(s) will be transferred as cash to the new brokerage.
If you're using margin trading on Robinhood, reach out to your new brokerage before transferring. Your brokerage may accept leveraged accounts.
2 Tap Investing. It's at the top of the screen.
3 Write down your account number. It's the number at the top of the screen below "Account no." You'll need to give this number to your new brokerage.
4 Request a transfer from your new brokerage. The new brokerage will need to start the transfer from their end. Provide the brokerage with the following information:[7]XResearch source
Your Robinhood account number.
Robinhood's DTC number, which is 6769.
Request an ACATS (Automated Customer Account Transfer Service) transfer of your entire portfolio. This is the only type of transfer that will work with Robinhood.
5 Wait for the transfer to complete. Once the transfer is complete, all your settled shares, options, and cash from fractional share sales will move to the new brokerage. If you do not have a remaining cash balance, Robinhood will automatically close your account once the transfer completes.[8]XResearch source
If you have a balance, you'll need to withdraw your funds and then close your account.
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Video
Tips
If you've fulfilled all of your obligations and are still unable to close your account, contact Robinhood support at [email protected]. Thanks Helpful 0 Not Helpful 0
To retrieve your tax documents and other information from Robinhood after closing your account, tap the Account icon (the person), tap Statements, and then choose a document. Thanks Helpful 0 Not Helpful 0
When transferring cryptocurrency to another wallet, it's important that you get the cryptocurrency wallet address correct. If you enter the address incorrectly, you will not receive your funds. Thanks Helpful 0 Not Helpful 0
Show More Tips Submit a Tip All tip submissions are carefully reviewed before being published Name Please provide your name and last initial Submit Thanks for submitting a tip for review! Advertisement
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Co-authored by: Andrew Lokenauth Financial Literacy Expert This article was co-authored by Andrew Lokenauth and by wikiHow staff writer, Nicole Levine, MFA. Andrew Lokenauth is a Finance Expert who has over 15 years of experience working on Wall St. and in Tech & Start-ups. Andrew helps management teams translate their financials into actionable business decisions. He has held positions at Goldman Sachs, Citi, and JPMorgan Asset Management. He is the founder of Fluent in Finance, a firm that provides resources to help others learn to build wealth, understand the importance of investing, create a healthy budget, strategize debt pay-off, develop a retirement roadmap, and create a personalized investing plan. His insights have been quoted in Forbes, TIME, Business Insider, Nasdaq, Yahoo Finance, BankRate, and U.S. News. Andrew has a Bachelor of Business Administration Degree (BBA), Accounting and Finance from Pace University. This article has been viewed 47,193 times. 12 votes - 25% Co-authors: 3Updated: May 12, 2025 Views: 47,193 Categories: Investments and Trading In other languagesSpanish
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Yes No Advertisement Cookies make wikiHow better. By continuing to use our site, you agree to our cookie policy. Co-authored by: Andrew Lokenauth Financial Literacy Expert 12 votes - 25% Click a star to vote 25% of people told us that this article helped them. Co-authors: 3Updated: May 12, 2025 Views: 47,193
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Download Article Co-authored by Andrew Lokenauth and Nicole Levine, MFA 
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Co-authored by: Andrew Lokenauth Financial Literacy Expert This article was co-authored by Andrew Lokenauth and by wikiHow staff writer, Nicole Levine, MFA. Andrew Lokenauth is a Finance Expert who has over 15 years of experience working on Wall St. and in Tech & Start-ups. Andrew helps management teams translate their financials into actionable business decisions. He has held positions at Goldman Sachs, Citi, and JPMorgan Asset Management. He is the founder of Fluent in Finance, a firm that provides resources to help others learn to build wealth, understand the importance of investing, create a healthy budget, strategize debt pay-off, develop a retirement roadmap, and create a personalized investing plan. His insights have been quoted in Forbes, TIME, Business Insider, Nasdaq, Yahoo Finance, BankRate, and U.S. News. Andrew has a Bachelor of Business Administration Degree (BBA), Accounting and Finance from Pace University. This article has been viewed 47,193 times. 12 votes - 25% Co-authors: 3 Updated: May 12, 2025 Views: 47,193 Categories: Investments and Trading In other languagesSpanish 
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1 You'll need to close all open positions. If you hold any stocks or cryptocurrencies, you'll need to sell them before closing your account. If you don't want to sell your positions but no longer want to use Robinhood, you can transfer your positions to another brokerage, or your crypto to another blockchain.[1] 
2 Your balance must be $0.00. If you have any funds in your account after closing your positions, you'll need to withdraw them to your bank account before closing.[2] Advertisement 
3 You can still access your account information after closing your account. Should you need to download your tax statements and trade confirmations, you'll be able to do so at any time. 
4 Closing your account is free. If you choose to transfer your stocks to another brokerage, there's a fee. But otherwise, you will not be charged to close your Robinhood account. 
5 If you have a Robinhood debit card, your card will no longer work. Closing your Robinhood account also closes your Cash Management account, which will deactivate your debit card.[3] Advertisement 
1 Open the Robinhood app. You can launch the app on your Android, iPhone, or iPad to easily close your account. During the closing process, you'll be prompted to take care of any loose ends (such as closing your positions) along the way. 
2 Close any open stock positions. If you have any remaining stock shares, you'll need to sell those first. Go to the stock's page, choose Trade, tap Sell, and choose your selling preferences. 
3 Sell or transfer your cryptocurrency. You'll also need to sell or transfer any crypto you own. To sell crypto, just go to the cryptocurrency's details page, tap Trade, tap Sell, select an order type, and confirm your order. 
4 Withdraw your cash balance. After selling stocks and currencies, you'll need to transfer your cash balance over to your bank account. It's super easy:[5] 
5 Tap the Account icon. It's the outline of a person at the bottom-right corner. 
6 Tap the Menu icon ☰. It's the three horizontal lines at the top-left or top-right corner, depending on your platform. 
7 Tap Settings. You'll see this on the menu. 
8 Tap Deactivate your account. If you don't see this red button, tap Account Information first. 
9 Complete your final tasks. If you still have open positions or there's a balance on your account, you'll see that information under "Deactivate your brokerage account." It can take a few days for sales and transfers to complete—if the "Deactivate account" button is grayed out, there's still more to do. 
10 Tap Deactivate account and follow the on-screen instructions. Once you've fulfilled all obligations, your Robinhood account will be closed.[6] 
1 Tap the Menu icon ☰ in Robinhood. It's the three horizontal lines at the top-left or top-right corner, depending on your platform. If you need to transfer your stocks, ETFs, or options, to another brokerage before canceling, it's easy to do. 
2 Tap Investing. It's at the top of the screen. 
3 Write down your account number. It's the number at the top of the screen below "Account no." You'll need to give this number to your new brokerage. 
4 Request a transfer from your new brokerage. The new brokerage will need to start the transfer from their end. Provide the brokerage with the following information:[7] 
5 Wait for the transfer to complete. Once the transfer is complete, all your settled shares, options, and cash from fractional share sales will move to the new brokerage. If you do not have a remaining cash balance, Robinhood will automatically close your account once the transfer completes.[8]