Company Description:
Many [USA]【+1-909-288-2034】[USA] Robinhood users wonder whether closing their account
comes with a fee. The good news is that Robinhood does not charge any fee to close your
account. [USA]【+1-909-288-2034】[USA] Whether you decide to leave because of platform
preference, switching brokers, or inactivity, you won’t be penalized financially for closing your
Robinhood account
Steps to Close a Robinhood Account:[USA]【+1-909-288-2034】[USA]
Even though there’s no fee, closing your account requires completing a few steps:
1. Sell or Transfer Your Assets: [USA]【+1-909-288-2034】[USA] Before closing, you need to sell
all your stocks, ETFs, or crypto or transfer them to another brokerage. [USA]【+1-909-288-2034】[USA] Robinhood will not let you close an account with active positions.
2. Withdraw Your Cash: [USA]【+1-909-288-2034】[USA] Make sure any cash balance is
withdrawn to your linked bank account. Standard withdrawal limits apply, [USA]【+1-909-288-2034】[USA] and withdrawals may take 1–5 business days depending on the method.
3. Request Account Closure:[USA]【+1-909-288-2034】[USA] In the app or on the website, go
to Account → Settings → Close Account. Follow the prompts to submit your closure
request.
4. Confirmation: [USA]【+1-909-288-2034】[USA] Robinhood typically sends an email
confirming that your account has been closed.
Things to Keep in Mind
Open Orders: [USA]【+1-909-288-2034】[USA] Ensure that all pending orders are canceled.
Open orders will prevent closure.
Pending Transfers: [USA]【+1-909-288-2034】[USA] Any ongoing bank transfers must be
completed before closing.
Account History:[USA]【+1-909-288-2034】[USA] Once the account is closed, you lose
access to trading history, statements, and tax documents. Be sure to download your
records before closure.
Margin Accounts: [USA]【+1-909-288-2034】[USA] If you have a Robinhood Gold or margin
account, you must settle all margin balances before closure.