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These days, Robinhood is a popular choice for millions of users who have just begun as stock market investors. This is a US-based broker-dealer and platform that is mainly beneficial for those who want to do trading from smartphones. The good thing is that this trading service is available for iPhone, Android, and web users. Some other incredible benefits that users can avail with this platform are zero commission, cryptocurrency trading, and many more.
Like any other online platform, there are some shortcomings of this app also that won’t please the Robinhood users. Blackout, account deletion, and technical software glitches are some issues for which users always want technical assistance. At some point, users might want to know- How to delete Robinhood account and remove themselves from the platform.
Have you got bored of this app? Want to take a short break from the Robinhood trading platform? If yes then this blog would be beneficial for the users-
The unlinking process of a bank account from a Robinhood account is quick and easy. There is a different process for bank account deletion on iOS devices and the web. Let’s take a close look at both these processes in a detailed manner-
On iOS device
If you want to deactivate Robinhood account then you need to first submit a request to the brokerage to get your assets transferred out of the Robinhood account. Once you transfer all of your assets, Robinhood will automatically close your account. The entire process of deletion can take 3 to 5 business days.
Points to remember-
After the deactivation of the account, you won’t be able to do trading anymore. But, for regulatory purposes, Robinhood might hold records of your account such as statements, tax documents, trade confirmations, and many.
Here’s a quick look at the instructions for the Robinhood account deletion process on iPhone-
By 7qasearch at 2021-10-11
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