Robinhood Gold cash reward | Robinhood

Robinhood Gold cash reward

Who's eligible for the cash reward?

Only direct recipients of the original promotional offer from Robinhood are eligible for this limited-time offer. The offer is not available to the general public. This offer is only available in non-retirement, joint or individual investing accounts at Robinhood. Only qualified Robinhood customers who aren’t currently signed up for Robinhood Gold and have not previously participated in a cash reward Robinhood Gold promotion are eligible to participate in this offer.

How do I qualify?

In order to earn the cash reward displayed to you in the offer, you must become a Robinhood Gold subscriber ($5 a month) between October 8, 2024 at 12 AM PT and October 31, 2024 at 11:59 PM PT and make a single successful deposit of at least $2,000 into your Robinhood non-retirement investing account via ACH or Real-Time Payment within 7 days of signing up for Robinhood Gold. Additionally, you must maintain your Robinhood Gold subscription for at least 1 year following the successful, eligible deposit.

When will I get my reward?

If you're eligible for a cash reward, it will generally be delivered to your account within 24 hours of initiating the deposit.

Are there limitations?

Robinhood will charge back the cash reward from customers who don’t maintain Robinhood Gold for at least 1 year following the receipt of the cash reward. Additionally, the value of the cash reward cannot be withdrawn from your account for 1 year following receipt of the cash reward.

Taxes

The funds you receive through the cash reward promotion will be reported as miscellaneous income in your 1099-MISC form. Because of IRS minimum earnings requirements, you may not receive a 1099-MISC form if your cash reward and any other funds (e.g., stock reward funds) are valued at less than $600.

As with all tax forms, you’ll be able to download a consolidated 1099 form (which includes the 1099-MISC) starting in mid-February of every year. If you have questions about your specific tax situation, please consult with your tax professional.

Terms and conditions

The Robinhood Financial LLC (Robinhood) cash reward offer (“Offer”) is subject to these terms and conditions.

Eligibility: The Offer is valid only for customers who: (1) directly receive an email, push, or in-app communication about the offer, (2) sign up for Robinhood Gold between October 8, 2024 at 12 AM PT and October 31, 2024 at 11:59 PM PT, and (3) make a single successful deposit of at least $2,000 (the “Deposit Amount”) from an external deposit account via ACH or Real-Time Payment into their Robinhood non-retirement investing account within 7 days of signing up for Robinhood Gold, and (4) maintain a Robinhood Gold subscription for 1 year following the receipt. This offer is not available to the general public. Robinhood may decline requests to enroll in the offer at its discretion.

Offer: Customers who meet the eligibility criteria of this Offer and make a single successful deposit of at least the Deposit Amount to their Robinhood non-retirement, investing account will receive a cash reward (“Cash Reward”). The Cash Reward will be calculated based on the Robinhood communication to the customer in the customer’s Robinhood account. Customers who complete the terms of the Offer will generally receive the Cash Reward within 24 hours of initiating the deposit.

Cash reward limitations: The cash value of the Cash Reward cannot be withdrawn from the customer’s Robinhood account for one year following the customer’s receipt of the Cash Reward. Robinhood will charge back the value of the Cash Reward for customers who fail to maintain a Robinhood Gold subscription for at least one year following the receipt of the Cash Reward. 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.

Qualifying deposits: A qualifying deposit must be a single deposit from an external deposit account via ACH or Real-Time Payment in an amount equaling or exceeding the Deposit Amount. Multiple deposits cannot be combined to satisfy the terms of this Offer. Deposits into retirement, cryptocurrency, spending or any other types of Robinhood accounts not designated in this Offer are not eligible deposits for purposes of this Offer. Deposits from retirement, cryptocurrency, spending, or any other type of Robinhood account and transfers between joint and individual brokerage accounts are not eligible deposits for purposes of this Offer.

Offer limitations: Limit one offer per qualified funding of the account, with a maximum of one account per customer. Customers who close their account within one year of receiving the Cash Reward will forfeit the value of the Cash Reward. 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 US residents only. Employees, contractors, or persons similarly associated with Robinhood or a Robinhood affiliate; members of their household; registered representatives of broker-dealers, employees of any securities regulatory organization or exchange; and employees of any market maker are not eligible. Other restrictions may apply. Participation in this promotion does not constitute a solicitation of a security or a recommendation to buy, sell, or hold any given security. Robinhood does not provide investment advice and does not hereby recommend any security or transaction. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business.

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 (member SIPC), a registered broker-dealer, and a subsidiary of Robinhood Markets, Inc. Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC.

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Robinhood U.K. Ltd is a private limited company registered in England and Wales (09908051).

Robinhood does not provide investment advice. Individual investors should make their own decisions.

Commission-free trading of stocks refers to $0 commissions for Robinhood self-directed individual brokerage accounts that trade U.S. listed securities and ADRs. Keep in mind, other costs such as regulatory fees may apply to your brokerage account. Please see Robinhood UK’s Fee Schedule to learn more.

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All investing involves risk and a loss of principal is possible.

Robinhood U.K. Ltd (Robinhood UK) is authorised and regulated by the Financial Conduct Authority (FRN: 823590). Robinhood UK onboards UK customers and has the lead customer relationship with UK customers in relation to their use of the Robinhood UK app and website. Robinhood UK introduces UK customers to Robinhood Securities, LLC for order routing, execution, clearing, settlement, arranging custody services and margin lending to eligible UK customers with margin accounts. Robinhood Securities, LLC is regulated in the U.S. by the SEC and FINRA. Robinhood UK and Robinhood Securities, LLC are subsidiaries of Robinhood Markets, Inc.

Robinhood U.K. Ltd is a private limited company registered in England and Wales (09908051).

Robinhood does not provide investment advice. Individual investors should make their own decisions.

Commission-free trading of stocks refers to $0 commissions for Robinhood self-directed individual brokerage accounts that trade U.S. listed securities and ADRs. Keep in mind, other costs such as regulatory fees may apply to your brokerage account. Please see Robinhood UK’s Fee Schedule to learn more.

UK Privacy policy

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.