Invite friends to deposit, get a $25 bonus | Robinhood

Invite friends to deposit, get a $25 bonus

Earn a cash reward when you invite eligible friends to deposit money into their Robinhood account.

FAQ

How do I earn the reward?

You’ll earn a reward for every friend on your Choose friends list who accepts your invite, deposits $1,000+, and holds or invests their deposits through February 21, 2023.

How much can I earn?

You can earn $25 for every friend who completes the previous steps.

What will my friend earn?
  • $25 when they deposit $1,000+
  • $250 when they deposit $10,000+
  • $1,000 when they deposit $50,000+
When do I get my reward?

You’ll earn cash by February 28, 2023 as long as your friend holds or invests their deposit in their Robinhood account through that date.

Why am I only seeing certain contacts on my Choose friends list?

Eligibility for this offer is determined by a few different things, including if your friend is a current Robinhood customer and how often they use Robinhood.

Can I invite a friend who's not on my Choose friends list?

At this time, you can only invite eligible contacts found in your Choose friends list.

Can I deposit money to earn cash?

Sorry, no. Only the friends you invite can get rewarded for making a deposit.

Robinhood Friend Deposit Reward Offer Terms and Conditions

Robinhood Financial LLC (Robinhood) Friend Deposit Reward Offer is subject to the following terms and conditions.

Eligibility: Robinhood Friend Deposit Reward Offer valid only for (1) Robinhood customers who Robinhood directly contacts to inform them that they are eligible for the Robinhood Friend Deposit Reward Offer (Eligible Notifiers), and (2) Robinhood customers who receive a notification from an Eligible Notifier that they are an eligible recipient for t Robinhood Friend Deposit Offer (Eligible Recipient). This promotion is not available to the general public, and is only available to Eligible Notifiers and Eligible Recipients. Robinhood may decline requests to enroll in the offer at its discretion.

Offer: The Offer Period is January 10 - February 21, 2023.

Eligible Notifiers will receive a cash reward if (1) they share the notification link with an Eligible Recipient that is listed in Robinhood’s direct communication to the Eligible Notifier, and the corresponding Eligible Recipient selects the notifier link and makes qualifying Net Deposits that are above $0 during the Offer Period.

Eligible Recipients will receive the corresponding cash reward listed below based on their Net Deposits during the Offer Period. Net Deposits are the total amount of all initiated deposits into the customer’s taxable brokerage account (i.e., non-retirement) from January 10 through February 21, 2023, subtracted by canceled deposits or withdrawals through February 21, 2023.

  • $25 for net deposit of $1,000 - $9,999.99
  • $250 for $10,000 - $49,999.99
  • $1,000 for $50,000+

Withdrawals include, but are not limited to, a debit card transaction from a customer’s brokerage account, originated and non-originated ACH, and ACATS. However, a withdrawal shall not include the purchase of an investment option, such as a stock, on Robinhood’s or Robinhood’s affiliates’ platforms.

Corresponding cash rewards will be available to claim by April 25, 2023.

Limitations: Limit one offer per qualified funding of the account, with a maximum of one account per customer. The cash reward may be delayed, declined, or rescinded in Robinhood’s sole discretion if, for example, Robinhood determines that there may be circumstances indicating fraud or a violation of these Terms. Robinhood reserves the right to change or restrict the offer terms, or terminate the offer, at any time without notice. This offer is valid even if other Robinhood offers have already been accepted.

The offer is not transferable, saleable, or valid in conjunction with certain other offers, and is available to U.S. residents only. Employees, contractors, or persons similarly associated with Robinhood or a Robinhood affiliate; members of their household; employees of any securities regulatory organization or exchange, employees of market makers, and registered representatives or any broker-dealer are not eligible. Other restrictions may apply. Participation in this program does not constitute a solicitation of a security or a recommendation to buy, sell, or hold any given security or engage in any investment strategy. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. The offer is only available for personal use, and may not be used for commercial purposes.

Only one Eligible Notifier will receive a cash reward for this offer for each Eligible Recipient that makes qualifying net deposits during the Offer Period. Contributions to the customer’s retirement account do not qualify as net deposits for the purposes of this promotion.

Robinhood reserves the right to decline to grant or rescind a cash reward if Robinhood determines in its sole discretion that there are images or speech in connection with the notifer's link that are inaccurate, misleading, offensive, or violates community standards; or infringes on Robinhood's intellectual property rights, constitutes a domain name, creates the potential for confusion as to whether the page or content in question is Robinhood’s, or is otherwise improper.

You may not text or email a Washington resident in connection with this offer unless they have clearly and affirmatively consented in advance to receive the text or email.

Taxes: Consult with your tax advisor about the appropriate tax treatment for this offer and any tax implications associated with receipt of a cash reward before enrolling. For taxable accounts, the value of all Robinhood offers received may be reported as Other Income on a Form 1099-MISC where required by applicable rules and regulations. Robinhood does not take responsibility for any tax related to this cash reward. Securities trading offered through Robinhood Financial LLC, a registered broker-dealer and Member SIPC, and a subsidiary of Robinhood Markets, Inc.

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Crypto markets are highly volatile, and trading or holding crypto can lead to loss of your assets. Crypto is not legal tender, and is not backed by any government or covered by any government compensation scheme.

Cryptocurrency services are offered for eligible EU customers through an account with Robinhood Europe, UAB (company number 306377915), with its registered address at Mėsinių 5, LT-01133 Vilnius, Lithuania (“RHEC”). RHEC is registered according to the regulatory requirements of the Republic of Lithuania as a virtual currency exchange and virtual currency depository wallet operator. RHEC is supervised by the Lithuanian Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania. RHEC is registered under the applicable Polish law as a virtual assets service provider (VASP) in the Register of Virtual Currency Activities maintained by the Director of the Tax Administration Chamber.

© 2024 Robinhood. All rights reserved.
Follow us on

Crypto markets are highly volatile, and trading or holding crypto can lead to loss of your assets. Crypto is not legal tender, and is not backed by any government or covered by any government compensation scheme.

Cryptocurrency services are offered for eligible EU customers through an account with Robinhood Europe, UAB (company number 306377915), with its registered address at Mėsinių 5, LT-01133 Vilnius, Lithuania (“RHEC”). RHEC is registered according to the regulatory requirements of the Republic of Lithuania as a virtual currency exchange and virtual currency depository wallet operator. RHEC is supervised by the Lithuanian Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania. RHEC is registered under the applicable Polish law as a virtual assets service provider (VASP) in the Register of Virtual Currency Activities maintained by the Director of the Tax Administration Chamber.

© 2024 Robinhood. All rights reserved.