How To

How to Reactivate Robinhood Account | Complete Guide 2022

If you’re looking for information on how to reactivate Robinhood account, then you’ve come to the correct place.

Robinhood, a fee-free stock trading platform created in 2013, makes trading in the stock market simple – too simple, according to some professionals and authorities.

It also lacks the tax-advantaged brokerage accounts necessary for long-term wealth accumulation. This guide may assist you in reactivating the Robinhood account.

Reactivate Robinhood Account
reactivate Robinhood account

How to Reactivate Robinhood Account?

If you closed your Account, you might be able to reopen it via the Account Reopen page. You may still access the Account Management area using your password and username even if your Account is closed.

You may, for example, reset your password, check the status of your funds, and view your statements.

You may reopen your account by going to Manage Account, navigating to Settings, and selecting Reopen Account.

The reopening account page will appear. Before you start submitting the request, make sure to amend the market data subscriptions and trading authorization sections.

It’s important to note that reinstalling the app will not reactivate your Robinhood account. This statement means that you must change your information and make a request.

The platform is required by law to keep specific records and books. The information gathered is extremely valuable to the firm. In any event, they have no intention of using the information for anything other than meeting their needs.

Who can Reactivate Robinhood Account?

The Reopen Account page may usually be accessed by anybody who has a Robinhood account and knows their password and logs in.

Reactivate Robinhood Account
reactivate Robinhood account

However, in order to make a request to reopen an account, the user must complete a set of criteria. They are as follows:

  • If you want to appeal to reactivate a sub or client account, you must maintain the Master account opens.
  • To put it another way, the Robinhood account must adhere to the company’s Anti-Money Laundering requirements. The majority of Robinhood accounts that the firm shuts follow these rules, but it’s best to double-check.
  • Another important criterion for reopening a Robinhood account is that the Account must have been opened after January 1, 2002.
  • Users who created their accounts before January 1, 2002, are unable to use the Reopen Account option on the Account Management tab. They can, however, investigate other possibilities.

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How Long Will It Take to Reactivate Your Robinhood Account?

Reopening an account is not given a certain deadline by the firm. However, the time it takes to reopen a closed account varies from one broker BackOffice Employee to the next.

The process, according to most brokers, might take up to 72 business working hours after the request is submitted.

It’s advisable to state that they will only accept your request if you supply all of the required items.

Another option for completing the procedure in a short amount of time is to speak with a representative from the broker firm directly.

Is it possible to reactivate your Robinhood account if it has been deactivated?

If Robinhood cancels your Account, you can revive it. Here is a step-by-step approach to submitting an appeal to reactivate your Robinhood account:

Reactivate Robinhood Account
reactivate Robinhood account
  • Logging into the Account is the first step. Users who have the login and password for a closed account can access it, according to the business.
  • You must go to the Account Management tab after logging into the Account. It’s probably advisable to point out that with closed accounts, the Account Management page frequently displays a shortened menu.
  • You may browse to Settings and pick the Reopen Account option after accessing the Manage Account tab. As a result, the Reopen Account page will appear.
  • The trading authorization must specify which nations you wish to deal with and what items you intend to sell. This step may be completed by clicking the Update Trading Permissions option on the page.
  • The Update Trading Permissions page will walk you through the process of choosing which countries to deal with and which items to sell. Fortunately, if your Account does not meet the financial parameters, trading skills, or experience that the items you choose to demand, the platform will issue a particular error notice.
  • Then, select Update Market Data Subscriptions from the drop-down menu.
  • The next step is to pick your appropriate market data subscriptions by following the instructions on the website. If your Account has a W-8 form that has expired, an Update W-8 link will display. The term “expired W-8 document” refers to W-8 forms submitted by Robinhood more than four years before filing the Reopen Account request.
  • You can submit a new W-8 form by clicking the link. Then, to finish the request, go to Reopen Account.
  • To reach the Reopen Account page again, click on Manage Account, visit Account settings, pick Close Account, and then click on Reopen.
  • After that, you’ll click back.
  • You will get the confirmation numbers through email once you have successfully completed these procedures. As a result, you must insert the confirmation digits into the box provided by the platform on the Reopen Account page.
reactivate Robinhood account

FAQs

What exactly is Robinhood?

Robinhood is a commission-free actual trading platform offered by an online discount brokerage. Transaction-based revenues, such as compensation for order flow, account for the vast bulk of the company’s revenue.

Is the Robinhood platform safe to use?

Yes, Robinhood is a risk-free platform. Your assets are covered up to $500,000 for stocks as well as $250,000 for cash claims thanks to Robin Hood’s membership in the SIPC.

The Securities & Exchange Commission supervises securities brokerage firms, and Robinhood is one of them.

Final Words

That’s all we have to say about how to reactivate the Robinhood account. In general, reactivating a deactivated Robinhood account is straightforward because the firm gives instructions.

Despite this, system failures have caused consumers to lose money on the platform.

FINRA, fortunately, provides a secure mechanism for individuals who have lost money due to erroneous Robinhood account cancellations, outages, or system problems.

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