How can you delete your Robinhood account?
@Rachael.Davis · Posted 08 Oct. 2021
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.
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
1) Then need to go to
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
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
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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