Close Delete Your Robinhood Account Comprehensive Guide

If you want to transfer your stocks to another brokerage instead, you can do so. Once your new brokerage initiates and completes the transfer, Robinhood will instantly close your account.

If you’ve enabled the cryptocurrency wallet in Robinhood, you can opt to transfer your crypto to another blockchain instead. [3] X Research source To enable the cryptocurrency wallet, tap the Account icon (the person), tap the menu, choose Crypto, then follow the on-screen instructions to activate your wallet. This can take up to 5 days. To transfer crypto to another location after activating the wallet, go to the currency’s details page, tap Send, enter the amount and wallet address, and go to Review > Submit. Make sure you enter the wallet address carefully, as an incorrectly-typed wallet address will result in lost funds. Any on-chain transfer fees will be deducted from your balance during the transfer.

Tap the account icon at the bottom-right. Tap the three-line menu. Tap Transfers. Select your Robinhood account in the “From” field. Select your bank account in the “To” field. Enter the entirety of your balance. Tap Review.

It can take anywhere from 3 days to a week to close your account.

There is a fee for brokerage transfers. If you have fractional shares, they’ll be sold before the transfer. The cash balance from the sale(s) will be transferred as cash to the new brokerage. If you’re using margin trading on Robinhood, reach out to your new brokerage before transferring. Your brokerage may accept leveraged accounts.

Your Robinhood account number. Robinhood’s DTC number, which is 6769. Request an ACATS (Automated Customer Account Transfer Service) transfer of your entire portfolio. This is the only type of transfer that will work with Robinhood.

If you have a balance, you’ll need to withdraw your funds and then close your account.