How to Reactivate Robinhood Account? Are you wondering if there was some money in your Robinhood account before it was deactivated? This is one of the most frustrating things ever – we get it. It is crucial that users don’t have to go through the experience of their Robinhood accounts being deactivated without further notice, which leads to the need to find an efficient solution once and for all to prevent this from happening.
The following blog post is for you if you have tried to use the Robinhood app or website, but your account has been deactivated by Robinhood as a result of you trying to use them. # How to Reactivate Robinhood Account?
There is an app called Robinhood which can be downloaded for both Android and iOS devices. In this application, users are able to purchase and sell stocks, ETFs, options, and cryptocurrencies without having to pay any commission fees.
There have been millions of dollars invested in Robinhood over the years, including $56 million from Google Ventures, which launched Robinhood back in 2013.
I was wondering if anyone could tell me how to reactivate a Robinhood account if it has been inactive for some time? It is important to note that there are two types of locked accounts, and we are going to discuss them in this section:
# How to Reactivate Robinhood Account?
Types of Locked Accounts in Robinhood
We offer help to users who have been locked out of their Robinhood accounts due to suspicious activity (Type 2) and require further review from our developers before they can gain access to their accounts again.
It is recommended that you clear your browser cookies if you fall under Type 1 (User-Initiated Account Lock) and change your password before continuing. # How to Reactivate Robinhood Account?
Please read on if you have not been able to reach out to us or if you have not been able to do so. This article will guide you through the steps required to submit a request for Type 2 accounts including all the required documents.
Type 1: User-Initiated Account Lock
The User-Initiated Account Lock is triggered by the user enabling the security features on the account or when the account is compromised as a result of a security breach. In order to reactivate this type of account, the user will need to remove 2FA from their account and change their password.
Type 2: Developer Initiated Account Lock
There are instances when a developer initiates the locking process of their account when there are violations of a user’s “Terms of Use” and “Privacy Policy” or when suspicious activity is detected on the account. It is necessary for this type of account to be reactivated and for additional documents to be provided to the user in order to reactivate it.
How to Reactivate Robinhood Account?
Here are the steps you need to follow in order to reactivate your Robinhood account:
Step 1: Using your email address and password, sign into your Robinhood account on the website.
Step 2: Once you have logged in, click on the icon that appears next to your username at the top right corner of the screen and select “Help”.
Step 3: You will find that there are six different categories where you will find a wide range of help topics to choose from. In order to get started, click on the button that says “Account Locked” at the top of the page.
Step 4: On the next page, you will find an option for “Reactivate Account” if you believe your account has been locked due to suspicious activity. If this is the case, you will be directed to this page. In order to see this option, the account must fall under Type 2 (Developer Initiated) in order to appear.
Step 5: Select the option “I don’t know” if you’re not sure why your account is on hold. Click “Reactivate Account” to reactivate your account.
In Step 6 , you are going to submit a request for a new account. This is the first step of creating a new account. On the form, you will be asked to select what type of help topic you are submitting on behalf of your account, as well as whether it is an emergency request or not. Click on the “Account Locked” option and then click on the “Next” button.
Step 7: You will still have to select one of the options even if we noted this guide was only for accounts that had been locked due to suspicious activity. Then proceed to the next step if you’re unclear which option applies to you.
Step 8: You will be asked what happened to your account on this page. You can choose any of the options listed, since they are all true. You can read more about what happened to your account by hovering over each option.
Step 9: Your Robinhood usage frequency is asked here. Select “I don’t know” and click next.
Step 10: Before submitting the request, we need to complete this step. For this section of the application, you will be asked to enter your personal information, such as your name, date of birth, and social security number in order to assist them in reviewing your account further.
Step 11: Activate your Type 2 Robinhood account by filling out each field.
Can Robinhood lock your account?
There is a possibility of your Robinhood account being locked. A company may conduct this kind of activity if it suspects that you have engaged in fraudulent activity or if you have violated any of their policies. Until you contact Robinhood and explain the situation that happened, you won’t be able to gain access to your account if it has been locked. # How to Reactivate Robinhood Account?
Why is Your Robinhood Brokerage Account Deactivated?
It is possible that Robinhood may deactivate your account right away if your account does not meet its financial criteria. # How to Reactivate Robinhood Account?
There have been numerous reports of users experiencing this issue, and not even redownloading the Robinhood mobile application has been able to resolve the issue. # How to Reactivate Robinhood Account?
This broker’s account will not function to enable you to trade other securities, withdraw funds, or buy stocks inside it if you try to do any of said things – as simple as that.
As a result, by understanding why this issue occurred in the first place, we will be able to simplify the process that users and investors will need to go through in order to resolve this issue.
1. Outdated or Incorrect Information
The same is true of your linked accounts (such as your bank account) and for any general information about any user within the platform.
The Robinhood app might not be able to access certain features if, for whatever reason, Robinhood considers your bank account or credit card information to be out of date. If this is the case, you might as well not be able to use certain features.
2. Fraud Inquiries
Account restrictions are imposed as soon as suspicious activity is detected.
You may need to submit a request if you are trying to withdraw cash from Robinhood or to do fee-free trading, but the platform considers that your Robinhood account does not comply with Anti-Money Laundering measures, so you have to submit a request.
3. Transfer Reversals or Trading Permissions issues
There are certain rules that Robinhood requires its users and investors to follow.
In order to trade inside the app, there is a process that needs to be followed in order to make it work. # How to Reactivate Robinhood Account?
For example, you may get a PDT flag, which will require you to reactivate your account by improving your fund status to the certain level required by the company in order to reactivate the account.
4. Robinhood’s System Failure
Neither Robinhood nor anything else in this world is perfect.
Several market data subscription errors have already been experienced on the platform, with users being flagged without a definitive reason why they were flagged.
Can I sue Robinhood for locking me out of my account?
If Robinhood locked you out of your account, you would be able to sue the company for locking you out of your account. In the event that you can show that your account was used in accordance with Robinhood’s terms of service, and that Robinhood arbitrarily decided to lock you out of your account without any reasonable explanation, you may have grounds for a claim against Robinhood. In order to get specific legal advice, it is always a good idea to consult with an attorney before making any decisions.
Can I sue Robinhood for holding my money?
Robinhood can be sued if they hold your money without your consent. There is, however, a good chance that you won’t be successful in your attempt. It is possible that Robinhood could argue that they are not a bank and therefore are not obliged to hold your money and are therefore not required to do so. Furthermore, they may claim to be not responsible for any losses that may occur due to the fact that they held your money on their behalf.
Can You Reopen a Deactivated Robinhood Account?
Unfortunately, no. If you closed your account manually, then you will not be able to come back to Robinhood with the same account if you did so manually.
There is a clear statement on the Robinhood platform that says that all funds must be withdrawn before the account is closed. You can do this via a written request or by requesting it via the platform itself when you delete your Robinhood account.
Therefore, if you have deactivated your account while there are still funds inside it, then yes, you are able to reactivate it. # How to Reactivate Robinhood Account?
If you haven’t voluntarily closed your account, then you will have to create a new account with a new username, password, and all that stuff if you have voluntarily closed it.
