If you have a Robinhood account that you haven’t used in a while, it’s important to know how to reactivate it.
In this article, we will guide you through the process of reactivating your Robinhood account. Keep in mind that there may be some differences depending on when you opened your account. Let’s get started!
What Is Robinhood?
Robinhood is a mobile finance app for both Android and IOS. The app allows users to buy and sell stocks, ETF’s, options, and cryptos without any commission fees.
Robinhood was founded in 2013 with a total of $56 million in funding from top investors, including Google Ventures.
So what is the process of reactivating a Robinhood account? Before we begin, it’s important to note that there are 2 types of locked accounts:
Types Of Locked Account In Robinhood
Type 1: User-Initiated Account Lock
User-Initiated Account Lock occurs when the user enables the account security features or the account is compromised. The user will need to remove 2FA and change their password before reactivating this type of account.
Type 2: Developer Initiated Account Lock
Developer Initiated Account Lock happens when there are violations of “Terms of Use” and “Privacy Policy” or due to suspicious activity detected on your account. For this type of account, the user needs to submit a request for reactivation and provide additional documents.
Here we help users that have had their Robinhood accounts locked due to suspicious activity (Type 2) and require further review from developers before they can reaccess it.
If you fall under Type 1(User-Initiated Account Lock): Clear your browser cookies, and change your password before proceeding.
If you were unable to do so, continue reading this article for step-by-step instructions on how to submit a request with all required documents for Type 2 accounts.
How To Reactivate Robinhood Account?
Steps to Reactivate Robinhood Account:
Step 1: To begin, sign in to your account on the Robinhood website using the email address and password associated with your account.
Step 2: Once you’re logged in, click on your username at the top right corner and select “Help.”
Step 3: There are 6 different categories with different types of help topics. Click on the one that says “Account Locked” to begin.
Step 4: On this page, there will be an option to “Reactivate Account” if you believe that your account was locked due to suspicious activity. This option will only appear if the account falls under Type 2 (Developer Initiated).
Step 5: If you’re not sure why your account is on hold, select the option “I don’t know.“Next, click on the “Reactivate Account” button.
Step 6: This is the first step of submitting a request for your account. The form will ask you to select the type of help topic you are submitting on behalf of your account, as well as if it is an emergency or not. Select “Account Locked” and click next.
Step 7: Even though we stated that this guide is only for accounts that were locked due to suspicious activity, you will still need to select one of the options. If you’re not sure which one applies to your situation, choose “I don’t know” and proceed with the next step.
Step 8: This page asks what happened to your account. All of the options listed are true, so it doesn’t matter which one you choose. Hover over each option to read more about what happened with your account.
Step 9: This section asks how often you use Robinhood. Select “I don’t know” and click next.
Step 10: This is the final step before we submit a request. This section will ask for your personal information such as name, date of birth, and social security number to help them further review your account.
Step 11: Fill out each field to submit a request for your Type 2 Robinhood account.
Also Read: Is Robinhood Legal and Safe?
How Long Does It Take To ReOpen A Robinhood Account?
In most cases, the process to get your account back should take about 4 weeks. However, in certain cases, it can take a bit longer. Once it is returned, be sure to immediately set up 2FA on your account before doing anything else.
What Happens When Your Robinhood Account Is Deactivated?
When your Robinhood account is deactivated, you will no longer be able to log in and access the account. All pending orders and funds will remain intact until you are able to access your account again.
Does Deactivating The Robinhood Account Delete It?
No, it will become dormant, and another person can still use your username. It doesn’t delete the account and puts it on hold until you can get 2FA attached to it.
Final Thoughts
The process to reactivate a deactivated Robinhood account is fairly simple. Usually, it takes about 4 weeks for your account to be reviewed and returned.
Once it’s back, be sure to immediately secure the account with 2FA if you haven’t already. Hopefully, this guide helped you to understand the process of reactivating a deactivated Robinhood account.
Also Read: Why Stocks And Crypto Are The Hottest Holiday Gift This Year?
