How To Reactivate Robinhood Account? Get Your Trading Account Back

How To Reactivate Robinhood Account

What the heck?? Robinhood Deactivated my account!!! Ever happened to you? If not then you have to be cautious because many users have been complaining about the Robinhood deactivating their account. If you ever come across a situation like this then read the article “How To Reactivate Robinhood Account” given below.

Robinhood is an American financial service company that was founded in the year 2013. The application is widely used all over the globe for trading commission-free stocks and cryptocurrencies. The mobile application for the crypto trade was introduced in the year 2015. As per the latest reports released by the company it has a total of 31 million users and 1.6 million pending requests for starting the trade.

Some of the features of the Robinhood application are 

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  1. You can invest any amount of money without any limitation
  2. You can make your own portfolio and trade with different companies on the platform.
  3. One of the most important features is that you can trade in Real-time using this application.

The features mentioned above are enough to tell the popularity of the application. But, the Robinhood company is quite strict when it comes to the Terms and conditions. It deactivates the user’s account whenever it sees any violation. So, given below is the post that will tell you how to reactivate Robinhood account. 

How To Reactivate Robinhood Account If Robinhood Deactivated IT?

Yes, it is possible to reactivate Robinhood account if it has been deactivated by the Robinhood company itself. All you have to do is submit the request for the reactivation of the account.

Although the company may have deactivated your account, it still allows the user to access the Account management section. But, for this, you need to remember your Login credentials.

To submit your appeal to Robinhood follow the steps given below.

  1. Start by logging into your account. As we told you that the company will allow you to access the account management settings provided you have the login credentials.
  2. As you get logged into the account navigate to the “Account Management” option. You will find it on the truncated menu.
  3. After that on the new screen, go to the “Settings” and click on it.
  4. Inside settings, you will find the option that says “Reopen account”, click on it.
  5. This will open a popup menu in front of you. Remember to update the trading permissions and market data subscription before you click on it, to submit a request.
  6. This will submit your request appeal to the company. 

The trading permissions on the platform need you to select the country you wish to trade in and the type of product you want to trade. The trading permissions will be updated after you click on the “Update Trading Permission”.

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There are chances that the Robinhood algorithm displays you the error and this happens because your experience or the financial criteria does not match with the country of the goods that you wish to deal in.

Well, we are not done here, there are still more steps that you need to follow in order to reactivate the Robinhood account.

  1. Now, select the “Manage Account” option again.
  2. Next, select the “Account settings”.
  3. From the list of options that appears on the screen. Select “Close Account”.
  4. And, then click on the option that says “Reopen Account”. This will give you access to the Account Repon page again.
  5. Now, you have to choose the correct Market Data Subscription.
  6. This will display an updated W-8 link if the W-8 form on your account has expired.
  7. Click on the link and the new W-8 form will be submitted. 
  8. Now, again navigate to the “Reopen Account” option and click on it.
  9. Now, navigate back and you will see a box asking for the confirmation digits.
  10. You will receive these digits in the email that you have submitted on the platform.
  11. You will receive a notification telling you that the request has been submitted and your account is under review.

How Long Does It Take To Reactivate Robinhood’s Account?

How To Reactivate Robinhood Account
Image Credits: Tech Crawlr

We know that it’s quite frustrating when your account has been blocked for no reason. The process of the request submission and the account reviewing may take upto 72 business hours to reactivate Robinhood account. But, it also depends on the broker. 

You have to provide all the necessary information asked by the company in order to reactivate Robinhood account.

What Happens When All The Assets Are Transferred From The Robinhood Account?

When all your assets are transferred from the Robinhood account then your account is closed permanently. However, you will still have access to the documents on the platform.

You can also apply for creating a new account on the platform. But, remember to not use the same email associated with the older account. To do so follow the steps of instructions given below.

  1. Log out of the Robinhood application or the website from your device.
  2. Next, navigate to the “Sign Up” option on the home screen.
  3. Now, go to the “Apply For an Account” with a different email address.
  4. The Robinhood team will review the application and you will receive the confirmation mail. Once the account is created.

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Wrapping Up

We hope that all your doubts about reactivating the Robinhood account have been sorted in the post above. There is one more thing that we want to bring to your notice. If your account has been deactivated by the Robinhood company itself then the methods provided above will help you out. But, if you have intentionally deleted your account then reactivating it is next to impossible.

If you still have any doubt in your head or are stuck in any step then feel free to ask us in the comments section below.

Don’t forget to share this article with your friends and tell them how to reactivate Robinhood account.

Frequently Asked questions

Q. How Do I Open My Robinhood Account?

To reopen your Robinhood account, just follow the steps given below

  1. Log out of the Robinhood application or the website from your device.
  2. Next, navigate to the “Sign Up” option on the home screen.
  3. Now, go to the “Apply For an Account” with a different email address.
  4. The Robinhood team will review the application and you will receive the confirmation mail. Once the account is created.

Q. How Long Does It Take To Reopen a Robinhood Account?

The process of the request submission and the account reviewing may take upto 72 business hours to reactivate Robinhood account. This makes it 5 to 7 days.

Q. Does Deactivating Robinhood Account Delete It?

No, don’t confuse deactivating the account with deleting it. If you have deleted your account then you won’t be able to access it at all. But, if the company has deactivated your account, it still allows the user to access the Account management section. But, for this, you need to remember your Login credentials.

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