Guides & Tutorials · VIDEO
How to close Trade Republic account: complete step-by-step guide
Discover how to close your Trade Republic account securely and permanently, with a detailed guide that accompanies you through every stage of the process. Learn how to save your tax documents, empty your account, and submit the closure request from the app.
KEY TAKEAWAYS
- Download and save all tax documentation before closing the account
- Empty the account by selling or transferring securities and cryptocurrencies
- Submit the closure request from the app and know the processing times
Transcript
Closing your Trade Republic account is a definitive process that requires careful steps to ensure no funds or important documents are left behind. Before starting, gather necessary documents like account statements and tax reports for your records.
To begin, download all account documentation from the app or web version. In the app, tap your avatar, select 'Account Statements,' and save details, statements, net worth, taxes, and export operations. For tax reports, check under the 'Taxes' option. On the web version, log in with your phone number and PIN, then find tax reports under 'Taxes.'
Closing the account is free, but selling stocks, ETFs, or bonds incurs a €1 external settlement cost per order. The closure process is not immediate; it is scheduled for the last day of the following month.
To empty your account, sell or transfer all securities. In the app, go to the 'Investments' tab, select the security, tap 'Order,' choose 'Sell,' and select '100%' to empty the account. Confirm the sale and repeat for each security. Alternatively, transfer securities to another intermediary by filling out, signing, and scanning the transfer form, then sending it to customer support.
After closure, verify that the account balance is zero, you've received a confirmation email, and there are no pending transactions. If issues arise, contact Trade Republic customer support through the app's 'Get Support' option.
In summary, ensure the closure is definitive, download all necessary documents, empty the account by selling or transferring securities, and verify the closure process. Contact customer support if any problems occur.
