Stash helps users invest and save money easily. If you’ve tried the service and it didn’t work for you, don’t worry! We are here to help. In this article, you will find a complete guide on how to cancel Stash account.
Stash offers flexible investment options. However, your need to change your investment platform, create financial simplification, or halt investments could prompt you to close your account. No matter the reason, you should cancel your subscription in a proper manner to prevent any future complications.
The following article covers how to cancel Stash account and how to handle investments when closing Stash account. You have two options to manage your account cancellation either online or through contacting customer support staff.
How to Cancel Stash Account?
You can easily cancel Stash account through their app or website. Both of these methods have been discussed in detail below:
How to Cancel Stash Account Through the App?
If you want to cancel Stash account through the app, follow the steps given below:
- Open the Stash app and login.
- Now, go to the Canceling Your Plan screen by clicking here.
- Tap “Cancel my plan.”
- You must follow the on-screen prompts to finish the cancellation task.
How to Cancel Stash Account Through the Website?
If you want to cancel Stash account through the website, follow the steps given below:
- Access the Stash website and log in.
- Go to the Canceling Your Plan screen by clicking here.
- Click “Cancel my plan.”
- Continue following the prompts on-screen to complete the cancellation procedure.
You must wait at least ten business days for your account to close. Your account closure will be confirmed through an automated email after the complete termination of your account.
Also, read How To Cancel Rocket Money Subscription
Important Considerations Before You Cancel Stash Account
It is advised that you should withdraw your funds and close certain accounts before cancelling Stash account. Proceed with the cancellation only after you have taken care of all preparations to avoid complications.
1. Withdraw Your Funds
- Link an External Bank Account: All users must establish a connection between their external bank account and their Stash account. The link to your external bank account makes it possible to move money out of Stash.
- Turn off Auto-Stash: The Auto-Stash feature should be disabled to block additional automatic investments from taking place.
- Sell Your Investments: All investments should be sold before initiating the cancellation process. The settlement of sales requires two business days after the execution.
- Wait for Recent Deposits to Clear: All recent deposits must wait to clear through the withdrawal processes that might require up to six business days to complete.
Proceed to move your money between your linked bank accounts when you complete the earlier instructions.
2. Close Specific Accounts
- Retirement Accounts (IRA): Before canceling your subscription, you should close any Retirement Accounts (IRA) that you have with Stash. Governing authorities will impose penalties if you close your IRA before reaching 59½ years old. Ensure you prevent penalties on IRA withdrawals by completing an Automated Customer Account Transfer to transfer your IRA account to another brokerage.
- Banking Accounts: Transfer all remaining money in your Stash banking account to your linked bank according to your preference. Inform your employer about your new account information whenever you set direct deposit as your payment method.
Also, read How to Cancel Brigit Subscription
Conclusion
I hope this article helped you to understand the process to cancel Stash account. You can cancel your Stash account through their website or app. You should properly handle your account funds before cancellation to prevent problems. Before making investment account closures, seek professional advice to comprehend taxation implications and fee regulations. Check the account closure status during the billing period to eliminate unnecessary expenses. Please reach out to Stash customer support whenever you encounter problems.
If you want us to write about canceling other subscriptions or have any questions, feel free to comment below.
Frequently Asked Questions
Does Stash allow customers to cancel their account subscriptions at any time?
You can cancel your Stash account instantaneously through both the website and the mobile application.
What expenses do I need to pay for ending my Stash account?
The Stash service does not require customers to pay fees when they decide to stop using their account. You need to watch for possible penalties from the IRS when you finish your retirement account before the defined period.
Does it require time to make my Stash account dismissal happen?
The account closure operation needs ten business days for completion. The confirmation email will come after your account completion.
When I close my account, what happens to my investments?
The cancellation process cannot begin until all investments have been sold. The money will be deposited into the external bank account you have linked.
Divya Jyoti is an experienced content writer with a passion for creating impactful content. With over five years of experience, she focuses on keyword research, content strategy, and delivering high-quality writing across diverse platforms.