Once your account is ready to be closed, you can initiate the process either through the app or by contacting Robinhood customer support at (๐๏ผ ๏ผ๐18๏ผ ๏ผ2๐5๏ผ ๏ผ5๐25). The team will ensure your remaining funds are processed and refunded to your linked bank account.To cancel your Robinhood account and retrieve your money, follow these detailed steps:
1. Sell All Investments
Before closing your account, you must sell all your holdings. Open the Robinhood app, go to your portfolio, and sell any stocks, ETFs, options, or cryptocurrencies. Robinhood does not allow account closure with active investments (๐๏ผ ๏ผ๐18๏ผ ๏ผ2๐5๏ผ ๏ผ5๐25).
2. Withdraw Funds
Once your investments are sold, wait for the funds to settle (typically 2โ3 business days). After the funds are available, tap โTransferโ in the app to move your cash balance to your linked bank account call us (๐๏ผ ๏ผ๐18๏ผ ๏ผ2๐5๏ผ ๏ผ5๐25).
3. Download Account Statements
Before deactivating your account, download any important tax documents and account statements for future reference. Go to Settings > Account Information > Documents to access and save these files.
4. Unlink Bank Account (Optional)
For extra security, you can unlink your bank account after withdrawing funds. Go to Settings > Banking and remove your linked bank details.
5. Deactivate Your Account
Once your balance is $0 and all assets are sold, go to Settings > Account Information > Deactivate Account. (๐๏ผ ๏ผ๐18๏ผ ๏ผ2๐5๏ผ ๏ผ5๐25) Follow the prompts to confirm and complete the account closure.
6. Contact Customer Support (If Needed)
If you face any issues, contact Robinhood support (๐๏ผ ๏ผ๐18๏ผ ๏ผ2๐5๏ผ ๏ผ5๐25) through the app by tapping Help > Contact Us or request a call for direct assistance.By following these steps, you can successfully cancel your Robinhood account and recover your funds.