How to Close Your Robinhood Account: A Complete Step-by-Step Guide

Closing a Robinhood account isn't complicated, but it does require a specific sequence of steps — and skipping any one of them will block you from completing the process. Whether you're moving to a different brokerage, simplifying your finances, or stepping back from investing entirely, here's exactly what you need to know before you submit that closure request.

What You Need to Do Before You Can Close Your Account

Robinhood will not let you close an account that still holds assets or has outstanding activity. Before you can submit a closure request, you need to clear the account completely.

Here's what must be resolved first:

• Sell or transfer all securities — Any stocks, ETFs, or options positions need to be closed or transferred out. You can sell everything within the app, or initiate an ACATS transfer to move holdings to another brokerage.
• Withdraw your cash balance — After selling positions, your proceeds sit as a cash balance. You'll need to transfer that cash to your linked bank account. Note that funds from recent sales may have a settlement period (typically two business days for stocks) before they're available to withdraw.
• Close any Robinhood Gold subscription — If you're subscribed to Robinhood Gold, cancel it first. An active subscription can prevent account closure.
• Resolve any outstanding margin balance — If you've used margin trading, pay off the balance before attempting to close.
• Cancel any pending orders — Any open or queued trades need to be canceled.

If your account holds cryptocurrency, that's treated separately. You'll need to sell your crypto positions or transfer them to an external wallet before closure.

How to Actually Close Your Robinhood Account 🔒

Once your account is empty and all the above conditions are met, the closure process itself is handled through Robinhood's support — not a simple in-app button.

Through the mobile app:

1. Tap the Account icon (person silhouette) in the bottom right
2. Go to Settings
3. Scroll to Help
4. Search for "close account" or navigate to Account Information
5. Select Deactivate Account and follow the prompts

Through the website:

1. Log in at robinhood.com
2. Go to Account → Settings
3. Select Account Information
4. Look for the Deactivate Account option

If you don't see the deactivation option, it usually means the account still has a remaining balance, unsettled funds, or an unresolved issue. Robinhood may also prompt you to contact support directly at that stage.

What Happens to Your Robinhood Card If You Have One

This is where credit card users need to pay close attention. Robinhood launched its own cash-back credit card, and closing your Robinhood brokerage account is not the same as closing your Robinhood credit card account.

These are two separate products with separate closure processes.

If you hold the Robinhood Gold Card or any Robinhood-branded credit product, closing your investment account won't automatically cancel it. You'll need to contact Robinhood's card support directly — typically through the app under the card section, or by calling the number on the back of your card.

Closing a Credit Card Account: The Variables That Matter 💳

If you're also planning to close the Robinhood credit card alongside your brokerage account, understand that closing any credit card account has potential effects on your credit profile — and those effects aren't uniform. They depend on your specific situation.

The factors that shape the impact:

• Credit utilization ratio — Closing a card reduces your total available credit. If you carry balances on other cards, that reduction raises your utilization percentage, which can affect your credit score.
• Length of credit history — Closed accounts don't immediately disappear from your credit report. They typically remain for up to 10 years if the account was in good standing. But once removed, it can shorten your average account age.
• Number of open accounts — Your overall credit mix and the number of active revolving accounts factor into how lenders assess your profile.
• Current balance — You cannot close a credit card with an outstanding balance without paying it off first (or transferring it).

Profiles where the impact varies:

Someone with a long credit history, multiple open cards, and low overall utilization will generally feel less impact from closing one card. Someone with only one or two cards, a shorter history, or high utilization on remaining accounts may see a more noticeable shift in their credit score after closing.

There's no single answer because the math is different for every credit file.

What to Do After Closing

Once Robinhood confirms your brokerage account is closed, keep a few things in mind:

• Save your tax documents — Robinhood generates 1099 forms for taxable events. You'll still need access to these for past tax years. Download them before or shortly after closing.
• Confirm the closure in writing — Request a confirmation email and keep it for your records.
• Check your credit report — If you also closed a Robinhood credit card, monitor your credit report in the following 30–60 days to verify the account status is reported correctly.

The mechanics of closing the account are straightforward once you know the sequence. What's harder to predict is how closing any associated credit card fits into your broader credit picture — and that depends entirely on what the rest of your credit file looks like.