Long-term investing

Robinhood Close Account guide

Closing a brokerage account involves more than pressing a button. Positions must be sold or transferred, cash must be withdrawn, and tax records must be kept. This page does not describe Robinhood's current closure process, fees or timelines, because those can change. Instead, it gives long-term investors a checklist of what to confirm directly with Robinhood's current help documentation and support before starting a closure.

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Decide what happens to your holdings first

Before closing any brokerage account, decide whether you will sell positions or transfer them to another broker. Selling may create taxable events, while transfers keep positions intact but depend on both brokers supporting the transfer and on whether specific holdings, such as fractional shares, are transferable. Confirm with Robinhood's current documents which of your holdings can be transferred, what happens to any that cannot, and whether outbound transfer fees apply.

Selling before closure can trigger taxable gains or losses; consider timing carefully.
Ask whether fractional shares and all asset types in your account are transferable.
Confirm any outbound transfer or closure fees in the current fee schedule.
Check whether the receiving broker accepts every asset you hold.

Checklist: what to verify before requesting closure

Work through the practical details with Robinhood's own help pages and, where needed, written support responses. Verify how long closure takes, whether pending trades, dividends or corporate actions delay it, and how residual cash, such as a late dividend arriving after closure, is handled. Also confirm what account activity blocks closure, for example open orders, negative balances or unsettled funds.

Confirm the closure process, expected timeline and any fees in current documents.
Ask how post-closure dividends, interest or residual cash are paid to you.
Resolve open orders, unsettled trades and any negative balance beforehand.
Confirm what happens to linked products or subscriptions tied to the account.

Records, taxes and choosing what comes next

Download statements, trade confirmations and tax documents before you lose easy access, and confirm with Robinhood how long you can retrieve documents after closure. Keep cost basis records for anything you transfer, since accurate basis matters for future tax reporting; consult a qualified tax professional for your situation. If you are moving to another broker, use the Find my broker checklist to define your requirements, browse the Long-term investing hub for planning guides, and run expected costs through the Brokerage fee calculator before committing.

Download all statements and tax forms before and after the closure completes.
Confirm how long post-closure document access lasts.
Keep cost basis records for transferred positions.
Compare replacement brokers with the Find my broker checklist and fee calculator.

Continue researching

Open related InvestorTrip pages before treating this topic as a final decision.

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FAQ

Should I sell my investments or transfer them before closing a Robinhood account?

It depends on your tax situation and whether your holdings are transferable. Selling can create taxable gains or losses, while transfers keep positions intact but depend on both brokers' rules and possible fees. Confirm transferability and costs with Robinhood and the receiving broker, and consider speaking to a tax professional.

Are there fees for closing or transferring out of a Robinhood account?

This page does not confirm current fees. Check Robinhood's current fee schedule and help documentation for account closure and outbound transfer charges, and ask support in writing if anything is unclear, before you start the process.

Will I still be able to access my tax documents after closing the account?

Access policies vary and can change. Download all statements, confirmations and tax documents before closing, and confirm with Robinhood how long documents remain retrievable afterwards and how you would request them if access ends.