To cancel your Grifin subscription, open the app, tap the menu icon in the top-left corner of the home screen, and tap “Close My Account” under the Other section.1Grifin. How Do I Close My Grifin Account That starts a six-step flow that sells your fractional shares, returns the cash to your linked bank, and disconnects your payment methods. Stopping the monthly fee is only part of the job, so work through every step before you confirm.
Cancel Inside the Grifin App
The in-app path is the one Grifin’s help center points you to: menu icon, then Close My Account under Other. Follow each of the six prompts. Skipping one can leave holdings unsold or cash stranded in the brokerage account.
If the in-app flow gives you trouble, email support@grifin.com with your full name and a clear request to cancel your subscription and close your account.2Grifin. Contact Us Grifin also publishes hello@grifin.com as a general address, but support@ is the right one for account-specific requests.3Grifin. Grifin 101 – Start Here
Check Whether You’re Billed Through Apple or Google
This is where most cancellations fail. If you originally signed up through the Apple App Store or Google Play, canceling inside the Grifin app will not stop the charge on your card. Apple and Google run their own billing, and the subscription has to be canceled with whichever one processes the payment.
On iPhone: Settings, tap your name, Subscriptions, find Grifin, Cancel Subscription. On Android: open Google Play, tap your profile icon, Payments & Subscriptions, Subscriptions, select Grifin, cancel. If you’re on a free trial, cancel at least 24 hours before it ends to avoid the next cycle’s charge.4Apple. If You Want to Cancel a Subscription From Apple
Refund Window
Grifin’s fee schedule lists the membership at $5 per month or $60 per year, cancel-anytime.5Grifin. Grifin Fee Schedule Grifin’s pricing page separately says “complete access starts at just $9 per month,” which may reflect a different tier or a later change.6Grifin. How Much Does Grifin Cost – What Benefits Are Included in My Membership Check the app’s billing history or your bank statement so you know what you’re actually paying.
Grifin’s cancellation policy mentions a full refund window during the first 30 days of membership. Inside that window, you may recover your initial payment. After 30 days, canceling stops future charges but doesn’t entitle you to a prorated refund for the current period.
Sell Your Holdings and Withdraw the Cash
Grifin holds fractional shares of the companies where you’ve spent money, and those shares need to be sold before you can pull the proceeds out. The closure flow prompts the sales, but confirm no trades are still pending before you request the cash withdrawal.
Grifin’s brokerage services run through Alpaca Securities and Apex Clearing Corporation, both FINRA/SIPC members.7Grifin. Grifin – Stock Where You Shop Sales settle under the current T+1 standard, so proceeds land in your brokerage cash balance the next business day after the trade. The SEC shortened settlement from T+2 to T+1 on May 28, 2024.8Financial Industry Regulatory Authority. Understanding Settlement Cycles – What Does T+1 Mean for You After settlement, start the bank transfer. That leg usually takes another one to three business days.
Transfer Shares Instead of Selling?
You can request an ACAT to move your investments to another brokerage, but the math rarely works. Apex Clearing charges $75 per outbound transfer and Alpaca Securities charges $100.5Grifin. Grifin Fee Schedule For a small micro-investing balance, that fee can exceed the account value.
Fractional shares complicate it further. They exist inside Grifin’s internal system rather than as standalone shares on an exchange, so only whole shares transfer through ACAT. Any fractional remainder gets liquidated, which creates a taxable event whether you wanted one or not. Selling everything and withdrawing the cash is usually simpler and cheaper.
Taxes When You Close the Account
Every sale of stock, including fractional shares, is a taxable event. Liquidating your Grifin holdings triggers capital gains tax on any profit above what you paid. Shares held more than a year get long-term rates; a year or less gets short-term rates. Losses can offset other gains on your return.
Cost basis on Grifin gets messy. Each automated purchase created a separate tax lot at a different price, so a single stock can have dozens of tiny lots. Grifin’s clearing brokers report these sales to the IRS on Form 1099-B.9Internal Revenue Service. About Form 1099-B – Proceeds From Broker and Barter Exchange Transactions Grifin makes tax documents available in the app between mid-February and mid-March and sends an email and push notification when they’re ready.10Grifin. When Will I Get My Tax Documents Keep the app installed until you’ve downloaded them. If you delete it first, you may have to reinstall or contact support for copies.
Watch your linked bank account in the weeks after closure too. If dividends were declared before you sold but paid after, the clearing broker may send a small payment or check that still needs to be reported.
If Charges Keep Coming
If you’ve canceled with Grifin and with the app store and still see debits, you can revoke the company’s authorization to pull from your account. Tell your bank you’ve withdrawn permission for Grifin to take automatic payments, and follow up in writing. After you revoke authorization, further debits are treated as errors, and the bank should reverse them.11Consumer Financial Protection Bureau. How Do I Stop Automatic Payments From My Bank Account
Revoking payment authorization does not close the underlying account, so make sure Grifin has fully processed the closure on its side. A dormant brokerage account left open can eventually be turned over to the state as unclaimed property.