Account transfer bonus FAQ

Transfers into your Robinhood individual investing account from an external brokerage will earn you a 1% bonus. No matter how much you transfer, we’ll give you an extra 1%.

When you transfer eligible assets from outside brokerage accounts into your Robinhood non-retirement individual investing account starting at 12 AM ET on April 30, 2024 until 11:59 PM ET on June 28, 2024, you'll get a 1% bonus on top of the net transferred asset value. Only account transfers earn the bonus and not other transfers, like ACH transfers. You must initiate the account transfer during the offer period, although the account transfer may settle outside this period.

You’ll earn a 1% bonus on the net transferred asset value, including transferred cash, securities, and options, on the trading day before transfers settle. Transferred options are valued by using the national market system closing price of each position. Settlement occurs when the securities are posted to the account and available to trade. Note that the bonus is only available for assets that successfully transfer and settle, and won’t be granted for those that are rejected.

Example

Let’s say you transfer $4,000 out of your investing account on May 2, 2024, and then transfer $10,000 back in on June 28, 2024. Only the net new $6,000 will be eligible for the bonus.

We don’t charge a fee to transfer assets in. However, your outside brokerage may charge you a transfer fee to transfer your assets. For any full or partial account transfer into Robinhood that's $7,500 or more, we’ll reimburse the transfer fees your other brokerage may charge, up to $75. Contact us to request a reimbursement.

It typically takes 5-7 business days for transferred assets to fully settle into your Robinhood account.

Generally, the bonus will be available in your account and ready to invest after your account transfer is complete.

The bonus is reported as interest income in your individual investing account.

Keeping the bonus after withdrawing money from your account depends on how long you've had the transferred assets in your individual investing account and the account’s net balance.

As long as you keep the eligible funds for at least 2 years in your Robinhood individual investing account, the bonus is yours to keep. If you withdraw money earlier than 2 years from when it’s settled in your account, and your remaining account balance stays at or more than the bonus plus the net transferred value that earned the bonus, it’s yours to keep. This includes transfers to other Robinhood accounts, such as a Robinhood IRA or spending account.

Example

Let’s say your current account balance is $5,000, and you transferred assets valued at $10,000 into your Robinhood account on June 24, 2024 and the funds settled on July 1.

• You’d earn a $100 bonus, which is now available in your individual investing account as buying power. Your new account balance is $5,000 (current balance) + $10,000 (transfer amount) + $100 (bonus) = $15,100
• Here are some withdrawal examples that can affect your account depending on the timing and your account balance afterwards. For all these examples, we’re assuming that your account balance starts at $15,100:
  • Withdraw any amount of money on or after July 1, 2026 (2 years after the settlement date of your account transfer) and keep the bonus.
  • Withdraw $500 before July 1, 2026. You can keep the $100 bonus because the remaining account balance, excluding the bonus, after the withdrawal remains greater than the transfer amount.
    • $15,100 (current balance) - $100 (bonus) - $500 (withdrawal amount) = $14,500 > $10,000 (transfer amount)
  • Withdraw $6,000 in June of 2025. We’d remove $10 of your account transfer bonus because the remaining account balance, excluding the bonus and after the withdrawal, drops below the transfer amount.
    • $15,100 (current balance) - $100 (bonus) - $6,000 (withdrawal amount) = $9,000 < $10,000 (transfer amount)
    • 1% x ($10,000 - $9,000) = $10

Your individual investing account balance is definitely affected by negative or positive market movement.

Examples

• Negative market movement can decrease your account balance. For example, let’s say you start with an account balance of $0 and transfer $10,000 into your account.

  • You’d earn a $100 bonus, which is now available in your individual investing account as buying power.
  • You invest the $10,100 in a stock that decreases in value to $9,000. Even if your portfolio value drops below the $10,100, you can keep the $100 bonus.
  • However, if you decide to withdraw $1 to your bank account, we’d remove $11.01. Your remaining balance after the withdrawal and excluding the bonus is $9,000 - $1 - $100 = $8,899. 1% * ($10,000 - $8,899) = $11.01

• Positive market movement can increase your account balance. For example, let’s say you start with an account balance of $0 and transfer $10,000 into your account and get a $100 bonus.

  • You’d earn a $100 bonus, which is now available in your individual investing account as buying power.
  • You then invest the $10,100 in a stock that increases your account balance to $20,000.
  • Then you withdraw $9,900 to your bank account. You’ll keep your $100 bonus because your remaining balance, excluding the bonus, is $10,000, which is equal to what you transferred in to get the bonus.

Funds being contributed into or distributed from your Robinhood accounts may entail tax consequences. Robinhood doesn’t provide tax advice. For specific questions, you should consult a tax professional. The bonus is available to our US customers with a Robinhood individual investing account in good standing.

Options trading entails significant risk and is not appropriate for all investors. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Customers should consider their investment objectives and risks carefully before investing in options. Supporting documentation for any claims, if applicable, will be furnished upon request.

Review our Robinhood Bonus Terms and Conditions for details.