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How To Close & Delete Robinhood Account

Introduction

If you are an active user of Robinhood, you probably know it’s one of the most popular online brokers, boasting over 10 million users. Founded in 2013 and headquartered in Menlo Park, California, Robinhood allows users to invest in stocks, options, ETFs, and cryptocurrency without commission fees.

Robinhood’s popularity has soared, putting it in the spotlight for both positive and negative reasons. If you’re considering moving to a different broker or no longer wish to use Robinhood, you might be looking for a way to delete your account.

In this article, we’ll guide you through the steps to delete your Robinhood account and address some frequently asked questions. But first, let’s explore some reasons why someone might want to delete their Robinhood account.

Reasons for Deleting Robinhood Account

There can be many reasons for deleting a Robinhood account. Some of the most common include:

  1. No longer interested in using Robinhood.
  2. Found a better broker.
  3. Lost faith in the company after the recent GameStop short squeeze.
  4. Concerns over Robinhood’s involvement in the GameStop short squeeze.
  5. Frustration over the recent Robinhood outage.

How to Permanently Delete a Robinhood Account

If you’ve decided to delete your Robinhood account, follow these steps:

  1. Open the Robinhood app on your smartphone and log in.
  2. Tap the three lines at the top left corner of the screen.
  3. Scroll down and tap ‘Account’ at the bottom of the menu.
  4. Tap ‘Close Account’ at the bottom of the screen.
  5. Enter your password to confirm and tap ‘Close Account’.

Your account will now be permanently deleted, and you will no longer be able to use it.

How to Delete a Robinhood Account Before Approval

If you’ve applied for a Robinhood account but haven’t received approval yet, follow these steps to delete your account:

  1. Open the Robinhood website on your computer and log in.
  2. Click ‘Account’ at the top right corner of the screen.
  3. Click ‘Close Account’ at the bottom of the screen.
  4. Enter your password to confirm and click ‘Close Account’.

Your account will now be permanently deleted.

How to Delete Your Bank Account from Robinhood

To delete your bank account from Robinhood, follow these steps:

  1. Open the Robinhood app on your smartphone and log in.
  2. Tap the three lines at the top left corner of the screen.
  3. Scroll down and tap ‘Account’ at the bottom of the menu.
  4. Tap ‘Linked Accounts’ at the bottom of the screen.
  5. Tap the bank account you want to delete and then tap ‘Unlink Account’.
  6. Enter your password to confirm and tap ‘Unlink Account’.

Your bank account will now be deleted from Robinhood.

Can I Be Referred If I Delete My Robinhood Account?

If you delete your Robinhood account, you will not be eligible for the referral program, as it is only available for active accounts. Deleting your account removes all your data, including your referral code.

Can You Delete a Robinhood Account with a Negative Balance?

Yes, you can delete your Robinhood account even if it has a negative balance. Deleting your account removes all your data from Robinhood’s servers, including your account balance.

How to Delete a Robinhood Account Without a Password

If you’ve lost your password and want to delete your Robinhood account, follow these steps:

  1. Open the Robinhood website on your computer and log in.
  2. Click ‘Account’ at the top right corner of the screen.
  3. Click ‘Close Account’ at the bottom of the screen.
  4. Click ‘Forgot Password’.
  5. Enter your email address and click ‘Send Reset Link’.
  6. Check your email for the password reset link and click on it.
  7. Enter a new password and click ‘Reset Password’.
  8. Log in with the new password and click ‘Account’ at the top right corner of the screen.
  9. Click ‘Close Account’ at the bottom of the screen.
  10. Enter your password to confirm and click ‘Close Account’.

Your account will now be permanently deleted.

Can You Delete a Robinhood Account Without Closing Your Positions?

Yes, you can delete your Robinhood account without closing your positions. Deleting your account removes all your data, including your open positions.

How to Delete a Robinhood Watchlist

To delete a Robinhood watchlist, follow these steps:

  1. Open the Robinhood app on your smartphone and log in.
  2. Tap the three lines at the top left corner of the screen.
  3. Scroll down and tap ‘Watchlists’ at the bottom of the menu.
  4. Tap the watchlist you want to delete and then tap the three dots at the top right corner of the screen.
  5. Tap ‘Delete Watchlist’ at the bottom of the screen.
  6. Enter your password to confirm and tap ‘Delete Watchlist’.

Your watchlist will now be deleted from Robinhood.

Conclusion

In this article, we discussed how to delete a Robinhood account, along with steps to delete a Robinhood watchlist. We also covered whether you can be referred after deleting your account and how to delete an account with a negative balance or without a password.

For a comprehensive tool to manage and plan your digital assets, try my-legacy.ai. My-legacy.ai turns your Robinhood account into an automated trading platform, paper-trading simulator, and much more. It allows you to see your Robinhood account balance, positions, and watchlists in a sleek interface, helping you stay on track with your financial goals. Try my-legacy.ai today!