How can you delete your Robinhood account?   

Rachael Davis
@Rachael.Davis · Posted 08 Oct. 2021

Peter Clark
@Peter.Clark · Updated 08 Oct. 2021

1.   If you want to know how to close robinhood account , the  account can be easily deleted through the app. The procedure takes three to five business days. Before you close robinhood account, you will need to sell the holdings or transfer them to another brokerage. There is no cost needed to deactivate Robinhood account, but shifting holdings costs one at a time fee is $75. Robinhood is told to be a favored choice for the beginning of Stock exchange stakeholders but at one point in time, you might want to deactivate your Robinhood account and separate yourself from the app. But before you delete your Robinhood account, previously before you delete your account, you will 1st have to select what to do with your holdings like selling shares and then closing all the positions, on the other hand, you need to ***** them to another account by the Automated Customer Account Transfer Service form. Then you can close your debit card if you have signed up for one and shift all money out of your account to bring your balance to $0. 

Lily Campbell
@Lily.Campbell · Updated 08 Oct. 2021

To shut down your Robinhood account, you can deactivate your Robinhood account from the app itself. You need to check out the past account and important document statements like tax documents and trade confirmations in the app itself after your account has got deleted forever.  Now the question arises how to deactivate your Robinhood account?  simply you need to follow some easy steps and get rid of it and If you want to close your location and delete all your funds then you have to send the request to deactivate your Robinhood account.

1) Then need to go to the settings

2) Then tap to  Account Information

3)And then scroll down  and tap into the deactivate account

4) If you can follow these steps to delete the account then all your positions are removed from the outstanding balance kept previously through these steps.

 And when your balance is 0 and all your outstandings are clear, you can then confirm your deactivation request.

Kelly Jackson
@Kelly.Jackson · Updated 08 Oct. 2021

If you want to transfer your account to another brokerage: Then you have to select where you would like to shift your account and then you have to submit a request to the brokerage to get your assets and transfer them out of Robinhood. If you take out all of your assets then your account will be closed for you.

·       At any point in time, you can close your Robinhood account. You can deactivate your Robinhood account in 2 ways that depends on how much you want to tackle your funds which are already there. If you feel to take back all of your funds after closing your account on Robinhood, you can send a request to delete your Robinhood account by opening the Robinhood app from your phone and then tap on the account option. 

  •      For the deactivation option, we have to go to the Settings then go to the Account Information and then select the deactivation account option on the screen. You will have to follow up with all the instructions that are presented on the screen for closing all the positions and withdrawing the outstanding balance. Once everything is done the account balance should show $0.00 and your positions on Robinhood should be deactivated and you can then confirm a request for deactivation of your account.

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