IRA match FAQ
The IRA match is an extra 3% match on annual contributions with Robinhood Gold or 1% without.
Previously, you got matched on every external dollar you contributed. Now, you get matched on any amount from contributions, IRA transfers, or old 401(k)s. We’ll add 1%. No cap.
KEEP IN MIND The match isn’t counted toward your annual contribution limits, and there’s no limit on the match amount you can earn.
The IRA contribution limits set by the IRS for 2024 are:
For IRA contributions, you can earn the 3% match with Robinhood Gold or 1% without for all new IRA contributions (up to the contribution limit) from any linked account.
When your IRA transfer completes, the amount of the match is calculated based on 1% of the total of the transferred cash plus transferred securities and options, using the National Market System closing price of each position transferred into the account on the trading day before when the transfer settles. Settlement occurs when the securities are posted to the account and available to trade. Note that the match is only available for securities that successfully transfer and settle, and won’t be granted for securities that are rejected.
When your old 401(k) rollover completes, the match will be calculated based on 1% of the total rollover amount. No cap.
You can earn the IRA match on all new IRA contributions, IRA transfers, and 401(k) rollovers.
You’ll earn an extra 3% match on contributions with Robinhood Gold or 1% without. All IRA and old 401(k) transfers earn 1%. There’s no limit on what you can earn in match dollars. Keep in mind, you must:
No. The IRA match counts as interest income in your IRA and doesn’t count toward your annual IRA contribution limit.
You’ll usually get the IRA match right away after your deposits settle. The exact amount of time depends on the type of contribution you’re making.
An uncapped 1%. For example, if you transfer $1,000 from an outside IRA account, you’ll earn a $10 match.
For IRA transfers, after we receive an account transfer request, it typically takes 5-7 business days for the transfer to be completed in your Robinhood account. Check out Transfers FAQ for more info.
For old 401(k) rollovers, this process can typically take 2-4 weeks for deposits to complete.
After the federal tax deadline for the previous tax year (typically April 15th), you can no longer make prior-year contributions in the Robinhood app.
No, they're not the same. The Robinhood IRA match and employer 401(k) match both offer matches on contributions. They have the following differences:
Keep in mind that limitations apply to both types of retirement accounts. Please refer to the IRS IRA Deduction Limits for more information.
Yes! The match is calculated to 4 decimal points. We’ll add the match to your account after it reaches the next whole cent increment.
For example, if you make 4 individual contributions of $0.25, we’ll add a match into your account when it accrues up to $0.01.
Keeping the IRA match after withdrawing funds from your IRA depends on how long you've had the contribution and the match amount in your account and the total balance of your IRA.
As long as you’ve held your eligible funds for at least 5 years, the IRA match is yours to keep. If you withdraw money earlier than 5 years, and your remaining IRA balance stays at or above your contribution amount that earned the IRA match plus the match amount, it’s yours to keep.
For example, if you're a Gold member and you transferred $1,000 and earned a $30 IRA match on June 1, 2025, you can withdraw all of it on or after June 1, 2030.
If you choose to withdraw money from your IRA before June 1, 2030, you’ll keep the $30 IRA match as long as the remaining IRA balance is at least $1,030 (which represents your eligible contribution amount plus the $30 IRA match).
When withdrawing money from your IRA less than 5 years after making the transfer, we may charge an early IRA match removal fee equal to the IRA match amount earned if your remaining IRA balance is lower than your transfer amount that earned the IRA match plus the match amount.
Let's say you aren't a Gold member and you transferred $1,000 and earned a $10 IRA match on June 1, 2025 and you withdraw money from your IRA less than 5 years after making the eligible transfer, and the remaining balance is $210, you may be charged an early IRA match removal fee of $8. This is equal to the $8 IRA match you earned for the $800 of eligible contributions that you’re withdrawing.
The following shows some more examples of the early IRA match removal fee:
| Contribution | IRA match | Withdraw date | Account value | Withdraw amount | Remaining balance | Fee |
| $1,000 | $10 | 5 or more years | $1,010 | -$800 | $210 | $0 |
| $1,000 | $10 | Less than 5 years | $1,010 | -$800 | $210 | $8 |
| $1,000 | $10 | Less than 5 years | $2,010 | -$800 | $1,210 | $0 |
| $1,000 | $10 | Less than 5 years | $860 | -$800 | $60 | $9.50 |
Note, that the early IRA match removal fee may also apply to required minimum distributions.
Other fees and taxes may apply. See our fee schedule for details. Robinhood does not provide tax advice. Consult a tax advisor for help.
Keeping the additional 2% IRA match after canceling your Gold membership depends on how long you've been a Gold member after earning your first additional match.
As long as you remain a Gold member for at least 1 year from the date of your first 3% match, you can keep the additional 2% match.
For example, if you’re a Gold member who contributed $1,000 and earned a $30 IRA match on June 1, 2025, you can keep all of it if you cancel your Gold membership on or after June 1, 2026.
If you cancel your Gold membership before June 1, 2026, you’ll lose the additional 2% of $20 in this example as the Robinhood Gold cancellation IRA match removal fee.
KEEP IN MIND
If you elect to downgrade from Robinhood Gold early, or are downgraded for any reason (ex. Failure to pay the monthly Gold subscription fee in your individual investing account), you’ll need to have enough uninvested cash in your IRA to cover what you owe. Otherwise, the fee charge may create a cash deficit and we may sell off some of your positions to cover the IRA match removal fee. We will notify you if this scenario occurs. To add cash, you can either transfer money from another account or liquidate assets in your IRA.
The following are some more examples of when the Robinhood Gold cancellation IRA match removal fee may apply:
Other fees and taxes may apply. Review the following section about early transfer fees and our fee schedule for details. Robinhood doesn’t provide tax advice. Consult a tax advisor for help.
You can add money through one of the following.
Generally, you’ll be charged an early IRA match removal fee if a transfer from your IRA:
Is less than 5 years after making the contribution that earned the IRA match
And your remaining IRA balance is less than the contribution amount that earned the IRA match plus the IRA match amount
Otherwise, you’ll get to keep the IRA match.
If you don't have any cash in your IRA, then the early IRA match removal fee will show up as a debit at the other firm. If you have cash available in your IRA, the early IRA match removal fee will be deducted from your cash balance.
Also, the fee for an outgoing transfer with the Automated Customer Account Transfer Service (ACATS) is $100.
For details, review our fee schedule.
The IRA match generally would be taxable during a conversion because it’s counted as interest income for tax reporting purposes. Everyone has a different tax situation and should consult a tax advisor.
The IRA match is treated as interest income in your IRA. We won’t deliver a 1099-INT due to the tax status of IRAs.
A rollover is not your only option for an old 401(k). You generally have 4 options for what you can do with a 401(k) from a former employer. There are pros and cons to each that you should consider. This isn’t tax advice. Consult a tax professional to understand your unique situation. For more information, review Transfers and rollovers and visit FINRA.
You must have compensation (wage) income in order to contribute to an IRA. Funds being contributed into or distributed from retirement accounts may entail tax consequences. Contributions are limited and withdrawals before age 59 1/2 may be subject to a penalty tax. Robinhood doesn't provide tax advice. Consult with a tax adviser if you have questions.
The Robinhood IRA is available to any of our US customers with a Robinhood investing account in good standing. Note, if you have a B-Notice, you won’t be able to open an IRA until your account restrictions are lifted.