Transfers into your Robinhood joint investing or 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 joint investing account or Robinhood individual investing account starting at 12 AM ET on September 10, 2024 until 11:59 PM ET on October 1, 2024, you'll get a 1% bonus on top of the net transferred asset value. Only brokerage 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 and securities, on the trading day before transfers settle. 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 September 4, 2024, and then transfer $10,000 back in on September 23, 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 per account type, per brokerage. 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 fully settled.

The bonus is reported as interest income in your individual investing account or in your joint investing account under the primary owner’s SSN or TIN.

Keeping the bonus after withdrawing money from your account depends on how long you've maintained the transferred assets in your joint investing or individual investing account and the account’s net balance, as described in the following example.

As long as you keep the eligible funds for at least 2 years in your Robinhood joint investing or 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.

Example

Let’s say your current account balance is $5,000, and you transferred assets valued at $10,000 into your Robinhood account on September 5, 2024 and the funds settled on September 12th.

• You’d earn a $100 bonus, which is now available in your 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 September 12, 2026 (2 years after the settlement date of your account transfer) and keep the bonus.
  • Withdraw $500 before September 12, 2026. You can keep the $100 bonus because the remaining account balance, excluding the bonus and 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 before September 12, 2026. 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 balance is definitely affected by negative or positive market movement. Market movements don’t impact your bonus, only withdrawals or asset transfers out would cause a bonus removal.

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 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 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.

Robinhood Financial LLC (“Robinhood”) ACATS 1% Bonus Offer (“Bonus Offer”) is subject to these Terms & Conditions.

Eligibility: The Bonus Offer is only available to customers who have: (1) successfully opened a Robinhood taxable individual or joint investing brokerage account (“Brokerage Account”) and (2) within the Offer Period, successfully initiated an Automated Customer Account Transfer Service (“ACATS”) transfer of new funds or investments to their Brokerage Account from an external brokerage account. ACATS transfer must be successful to qualify for the Bonus Offer.

Offer: Robinhood ACATS Bonus. For eligible Robinhood customers who complete an ACATS transfer within the Offer Period, Robinhood will deposit 1% of the net transferred asset value to the customer’s Brokerage Account that they transferred into, subject to a 2 year earn-out as described in this article. “Net transferred asset value” is the total value of the initiated ACATS minus the value of any outflows from September 10, 2024 at 12 AM ET until the ACATS is settled, excluding outflows that led to a chargeback. The Bonus will be provided within approximately two weeks from when the customer’s eligible ACATS transfers are completed. The Offer Period begins September 10, 2024 and ends October 1, 2024. However, Robinhood may change these dates at any time without notice. Transferred assets are eligible if they are initiated during the Offer Period.

Limitations: If, during the 2 year period after receiving a Robinhood ACATS Bonus, the customer initiates a withdrawal and such withdrawal would cause the Brokerage Account value to fall below the net transferred asset value plus any Bonus they have received, Robinhood will chargeback a proportional amount of the Bonus amount, separate from and in addition to any ACATS out fee, and if the customer has cash available in their Brokerage Account, this chargeback will be deducted from their available cash balance. If the customer has insufficient cash available in their Brokerage Account to cover the chargeback, this fee may be debited from their outgoing financial institution, or added to a margin balance, if applicable. 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 in your Brokerage Account, such as a stock, or purchasing cryptocurrencies in their Robinhood Crypto account.

If the customer transfers assets between Robinhood taxable brokerage accounts (such as between a customer’s joint and individual Robinhood brokerage account), Robinhood will chargeback the Bonus from the originating Robinhood brokerage account.

In the event that Robinhood determines in its sole discretion that there may have been fraudulent activity or a violation of these Terms in connection with the Bonus, Robinhood reserves the right to either decline to grant the Bonus, or to rescind or liquidate the Bonus, or any security or any related dollar proceeds derived from the Bonus. The Bonus will be credited to the customer’s Brokerage Account within approximately two weeks after the customer has fulfilled the conditions of the Offer, though this timeline may be delayed in Robinhood’s sole discretion if, for example, Robinhood determines that there are indications of fraud or a violation of these Terms.

The amount of the Bonus is calculated based on 1% of the net transferred asset value (as defined above), using the national market system closing price of each position transferred into the account on the trading day before when the transfer settles. Settlement is deemed to occur when the securities are posted to the account and available to trade. Please note that the Bonus is only available for securities that successfully transfer and settle, and will not be granted for securities that are rejected.

The Robinhood ACATS Bonus Offer is not a recommendation of any investment or investment strategy, and is not a recommendation that a customer transfer assets into a Robinhood Brokerage Account. Robinhood reserves the right to change the offer terms or terminate the offer at any time without notice. The offer is not transferable, saleable, or valid in conjunction with certain other offers and is available to US residents only. The offer is only valid for ACATS transfers into a joint taxable brokerage or individual investing account (other account types including, but not limited to, retirement accounts, are not eligible for this offer). The offer is only available for personal use, and may not be used for commercial purposes.

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 or charged back may be reported as Interest on a Form 1099-INT where required by applicable rules and regulations. Robinhood doesn’t take responsibility for any tax related to this cash reward.

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 joint investing or individual investing account in good standing.