How to Cancel Robinhood Account (And Withdraw Your Funds)

Ready to leave Robinhood? Whether you're switching brokers or just cashing out, closing your Robinhood account requires a few important steps to protect your funds and personal information. This 2025 step-by-step guide shows exactly how to cancel your Robinhood account the right way.

🔍 Quick Summary

💸 Step 1: Sell or Transfer Your Assets

• Sell your stocks and crypto, or transfer them to another brokerage using Robinhood’s ACATS Transfer Out system.
• Note: Crypto assets must be sold—they cannot be transferred out.
• Wait for trades to settle (typically 2 trading days) before withdrawing the funds.

🏦 Step 2: Withdraw All Cash

1. Open the Robinhood app.
2. Tap the Account icon (bottom right).
3. Select Transfer > Transfer to Your Bank.
4. Enter the amount and confirm.

Important: You must wait for any recent deposits or trades to fully settle before withdrawing.

⚙️ Step 3: Close Your Robinhood Account

1. Once your account balance is $0, go to the Account Settings in the Robinhood app.
2. Select Account Information.
3. Scroll down and tap Deactivate Account.
4. Follow the instructions and confirm closure.

You can also email support@robinhood.com to request closure, especially if you're having app issues.

🔁 Want to Transfer Instead of Canceling?

If you're switching to another broker:

• Initiate a full or partial ACATS transfer from the new brokerage's platform.
• Use Robinhood’s DTC number: 6769.
• Robinhood will automatically close your account after a full transfer is completed.

🧾 Tax and Statement Access After Closure

• You can still access tax documents and account statements by logging in via robinhood.com.
• Be sure to download any documents before closing if you want offline access.

❓ FAQs

No. Deleting the Robinhood app does not cancel your account.

No. But transferring your account to another broker may cost $75.

No. Tax and statement records are still accessible via the website.