Can I close my account with stocks in it?

No, you must sell all stocks, ETFs, options, and cryptocurrency, and wait for trades to settle before you can close your account.

What happens to my tax documents?

Download all tax documents before closure. Robinhood must keep records for compliance, but your access to them will be limited after account closure.

Will I owe taxes when I sell everything?

Yes, selling all holdings triggers capital gains or losses. You'll receive 1099 forms for tax reporting. Consider timing and tax implications.

What about fractional shares?

You must sell all fractional shares. Robinhood will execute these sales and deposit proceeds into your account.

Can I transfer my stocks instead of selling?

Yes, you can initiate an ACATS transfer to another brokerage instead of selling. This avoids tax events but may incur transfer fees.

What's the difference between deactivation and deletion?

Deactivation makes your account inactive but preserves records. Full deletion requires additional steps and Robinhood retains some data for regulatory compliance.

Can I reopen my account after closing?

You can apply for a new account, but it's treated as a new application requiring fresh identity verification and approval.

How to Delete Your Robinhood Account - Step-by-Step Guide (2025)

Written & Verified By

Delete.Directory Content Team

Our team of privacy advocates and digital rights experts has helped over 100,000 users reclaim control of their online presence. We test every deletion process to ensure accuracy.

This guide helps you permanently delete your Robinhood account. We believe in digital autonomy: your right to leave any platform should be as easy as joining it. Follow these verified steps to ensure complete account deletion.

How We Verified This Guide

Methodology: Hands-on testing with live accounts

Quick Information

Time Required

30 minutes

Difficulty

hard

Steps

5 steps

Official Resources

Official Robinhood Support - Close Account

Official deletion guide from Robinhood

Additional Resources

[1]

Robinhood Privacy Policy

Official privacy policy

[2]

Robinhood Customer Agreement

Legal agreement terms

[3]

Robinhood Account Deactivation

Information about deactivation vs deletion

Step-by-Step Guide

Sell all holdings and close positions

Sell all stocks, ETFs, options, and cryptocurrency. Close any open positions. Wait for all trades to settle (typically 2 business days for stocks).

Tips

•Sell crypto separately
•Wait for settlement periods
•Check for fractional shares
•Consider tax implications

Warnings

•Cannot close account with holdings

Withdraw all cash

Transfer all cash from your Robinhood account to your linked bank account. Account balance must be $0.00.

Tips

•Transfers take 3-5 business days
•Ensure bank link is active
•Account for any pending dividends

Cancel Robinhood Gold and resolve subscriptions

If you have Robinhood Gold, cancel it and wait for the billing cycle to end. Resolve any margin balances or outstanding obligations.

Tips

•Cancel in Account > Robinhood Gold
•Pay off any margin used
•Wait for subscription to fully end

Download tax documents

Download all tax documents, trade confirmations, and account statements you need for record-keeping and tax purposes.

Tips

•Download 1099 forms
•Save trade history
•Keep for tax filing

Warnings

•Cannot access after account closure

Request account deactivation

In the app, go to Account > Settings > Account Information > Deactivate Account. Follow prompts to request deactivation. Robinhood will review and process, which may take several days.

Tips

•Deactivation is first step to deletion
•May need to contact support
•Confirm all requirements met
•Processing can take weeks

Warnings

•Complex process with multiple steps

Important Warnings

Complex multi-step process

Closing a Robinhood account requires selling all holdings, withdrawing funds, waiting for settlements, and can take several weeks to complete.

Financial records retention

As a regulated broker-dealer, Robinhood must retain trading records and personal information for SEC compliance, typically 6+ years.

Settlement periods

Stock trades take 2 business days to settle, and cash withdrawals take 3-5 days. Factor in this timing when planning closure.

Tax implications

Selling all holdings triggers capital gains/losses. Consider tax implications and timing before closing.

Deactivation vs deletion

Robinhood initially deactivates accounts. Full deletion may require additional steps or time periods.

Cannot reopen easily

Alternatives to Consider

Sell holdings but keep account

easy

Liquidate positions and withdraw funds while keeping account dormant.

Pros

•Can reactivate easily
•Maintains trade history
•No closure process

Cons

•Data remains on servers
•Account still active
•May receive notifications

10 min

Cancel Gold, downgrade to basic

easy

Cancel premium subscriptions but maintain basic free account.

Pros

•No monthly fees
•Preserves account access
•Can still trade

Cons

•Data remains
•Limited features
•Account exists

5 min

Transfer to another broker

medium

Transfer holdings to another brokerage via ACATS transfer before closing.

Pros

•Maintains positions without selling
•Avoids tax events
•Continues investing

Cons

•Transfer fees may apply
•Takes 5-7 business days
•Partial positions may not transfer

120 min

Frequently Asked Questions

The entire process can take 2-4 weeks or longer, factoring in trade settlements (2 days), cash withdrawals (3-5 days), and Robinhood's processing time for deactivation.

References & Citations

[1]
Robinhood Privacy Policy
Official privacy policy
https://robinhood.com/us/en/support/articles/privacy-policy/
[2]
Robinhood Customer Agreement
Legal agreement terms
https://cdn.robinhood.com/assets/robinhood/legal/Customer%20Agreement.pdf
[3]
Robinhood Account Deactivation
Information about deactivation vs deletion
https://robinhood.com/us/en/support/articles/account-deactivation/

All citations verified as of 11/8/2025. We regularly review and update all external links to ensure accuracy.

Found incorrect information?

We strive for accuracy. If something's outdated or wrong, let us know.

Report incorrect information

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Critical Warnings

Complex multi-step process
Closing a Robinhood account requires selling all holdings, withdrawing funds, waiting for settlement...
Financial records retention
As a regulated broker-dealer, Robinhood must retain trading records and personal information for SEC...
Settlement periods
Stock trades take 2 business days to settle, and cash withdrawals take 3-5 days. Factor in this timi...

Last Updated

November 8, 2025

Robinhood Account Deletion

How We Verified This Guide

Quick Information

Official Resources

Additional Resources

Step-by-Step Guide

Sell all holdings and close positions

Withdraw all cash

Cancel Robinhood Gold and resolve subscriptions

Download tax documents

Request account deactivation

Important Warnings

Complex multi-step process

Financial records retention

Settlement periods

Tax implications

Deactivation vs deletion

Cannot reopen easily

Alternatives to Consider

Sell holdings but keep account

Cancel Gold, downgrade to basic

Transfer to another broker

Frequently Asked Questions

References & Citations

Found incorrect information?

Quick Navigation

Related Guides

Critical Warnings

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