An IRA transfer or 401(k) rollover into your Robinhood self-directed, traditional or Roth individual retirement account (IRA) from an external brokerage will earn you a bonus.

To receive the transfer bonus, an IRA transfer or 401(k) rollover from an external qualified account into your self-directed Robinhood IRA (excludes managed IRAs) must be initiated during the promotion period that ends on November 13, 2026 at 11:59 PM PT.

In addition, you must keep your assets in your Robinhood IRA for at least 5 years, otherwise you may be subject to an early IRA match removal fee. Review IRA match FAQ for more details.

The bonus will only be granted on the net new transfers into your IRA.

Check out Transfers and rollovers for key differences between these transfer types and what we can accept at Robinhood.

Check out Transfers and rollovers for steps to initiate a transfer or rollover.

You can calculate your net transfers by adding up all inbound IRA transfers initiated during the promotional period shown in the offer and subtracting all IRA transfers out between the same dates.

When your IRA transfer completes, the amount of the bonus is calculated based on a percentage of the net inflow of the transferred cash plus transferred securities and options—settled inflows minus any outflows before settlement—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 bonus is only available for securities that successfully transfer and settle, and won't be granted for securities that are rejected.

When your 401(k) rollover completes, the bonus will be calculated based on the bonus percentage of the total rollover amount.

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 and rollovers for more info. For 401(k) rollovers, this process can typically take 2-4 weeks to complete.

We’ll deposit your earned bonus after the eligible transfers settle in your account. For transfers, you’ll get the bonus as soon as they settle. For rollovers, you’ll get the bonus upon settlement, which is typically within 5-7 business days of receipt. Transfers and rollovers initiated during the promotion that settle after it ends will be granted after the promotion ends.

We don’t charge a fee to transfer assets in. However, your outside retirement account 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. Note that Robinhood doesn’t reimburse fees associated with rollovers. Contact your plan provider to determine if a rollover will incur a fee.

This Robinhood Financial LLC (“Robinhood”) IRA Transfer Bonus Offer (“IRA Bonus Offer”) is subject to these Terms and Conditions (“Terms”).

Eligibility: The IRA Bonus Offer is only available to customers who: (1) are legal residents of the 50 United States and D.C., (2) have successfully opened a self-directed Individual Retirement Account (Roth IRA or Traditional IRA) that is offered by Robinhood and custodied at Robinhood Securities, LLC (Robinhood Strategies and managed IRAs are explicitly excluded), (3) have contributed new funds in the form of an ACAT-In transfer of cash or investments from an IRA at an institution other than Robinhood or an an employer-sponsored plan rollover (e.g., 401(k), 401(a), 403(b), 457(b)), and (4) maintain an account in good standing that is not permanently deactivated, subject to fraud, or other restrictions.

Offer: For eligible Robinhood customers, Robinhood will provide a cash bonus equal to the personalized rate presented to the customer in-app, applied to their eligible deposits from an IRA or employer-sponsored plan rollover (e.g., 401(k), 401(a), 403(b), 457(b)) at another financial institution that are initiated during the Offer Period to their Robinhood IRA. This is subject to a five-year earn-out as discussed below. Eligibility for both full and residual transfers is determined based on the initiated date of the original transfer, regardless of when residual pieces are split or initiated. The bonus will be earned and deposited as promptly as practicable following the successful settlement of the customer’s eligible transfers. The Offer Period begins at the time the offer is presented to the customer in-app, and ends on November 13, 2026. Robinhood may terminate this promotion at an earlier date at its discretion. Void where prohibited.

Bonus Calculation & Settlement: The amount of the offer is calculated based on the applicable rate percentage of the net inflow of the transferred cash plus transferred securities and options (defined as settled inflows minus any outflows prior to settlement), 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 within these required timeframes, and will not be granted for securities that are rejected. Bonus is rounded down to the nearest cent. Contributions under $1 do not receive a Bonus.

Limitations: If a customer has received a bonus, and they transfer or distribute for any reason some or all of their Robinhood IRA outside of the Robinhood IRA prior to the earn-out period of five (5) years from receiving their Robinhood bonus in their Robinhood IRA, a non-taxable IRA Bonus Early Removal Fee will apply to the IRA as payment for services from Robinhood, separate from and above any ACATS out fee. This IRA Bonus Early Removal Fee will be equal to the total amount of the bonus the customer received over the previous five years. The IRA Bonus Early Removal Fee will be calculated with respect to all of the customer’s Robinhood IRAs if the customer has multiple IRAs at Robinhood. Any distribution outside of the Robinhood IRA will potentially implicate the IRA Bonus Early Removal Fee, including distributions that may be required by law such as required minimum distributions. The IRA Bonus Early Removal Fee may not apply if a customer’s IRA balance has risen by an amount greater than their net IRA contributions plus any bonus that they have received. However, the IRA Bonus Early Removal Fee will apply if the customer initiates a transfer or distribution request, and the customer’s IRA balance has decreased, for any reason including investment losses, to less than their IRA deposits plus any bonus they have received. If the customer has cash available in their IRA, this IRA Bonus Early Removal Fee will be deducted from their available cash balance. If the customer has insufficient cash available in their IRA to pay the IRA Bonus Early Removal Fee, this fee may be debited from their outgoing financial institution. Via these Terms, the customer directs the removal, transfer, sale of positions, and potential liquidation from their IRA to pay the IRA Bonus Early Removal Fee or, as applicable, to cover account deficits created by the IRA Bonus Early Removal Fee.

In the event that a customer deposits to a Traditional IRA and subsequently converts to a Roth IRA, the Robinhood IRA Bonus Early Removal Fee will be charged to the account being distributed from. If there is insufficient cash in that account to cover this fee, this fee may create a deficit or be charged to the customer’s other IRA.

Net Inflow Rules: The bonus will be calculated based on the net inflow of eligible funds at the time of each transfer. If, during the Offer Period, a customer’s withdrawals or transfers out of the Robinhood IRA reduce their net eligible deposits, the IRA Bonus Offer will be proportionally adjusted, partially disqualified, or not granted at all, depending on the remaining net positive balance. The Bonus is strictly applied only to the final net positive inflow of eligible transfers.

Not a Recommendation: The IRA bonus Offer is not a recommendation of any investment or investment strategy, and is not a recommendation that a customer roll over or transfer assets into a Robinhood IRA. By participating in the IRA Bonus Offer, the customer represents that neither Robinhood nor any Robinhood affiliate has recommended any rollover or transfer to the Robinhood IRA. A rollover is one of four options, and other options include leaving the customer’s money at the old employer plan, moving it to the new employer plan, or cashing out. Please consult here for further guidance. Robinhood, through the IRA Bonus Offer, does not intend to provide the benefit of deferred compensation or to create an employee pension benefit plan under ERISA. For that purpose, Robinhood Markets, Inc. instead offers a separate employee benefit plan for Robinhood employees, the Robinhood 401(k) Plan, which may include a separate employer matching contribution.

Right to Modify or Terminate: 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 U.S. residents only. The offer is only available for personal use, and may not be used for commercial purposes.

Taxes: Robinhood processes and treats the IRA Bonus Offer as interest earned by the IRA account for tax reporting purposes. The interest amount is based on a percentage of contributions made into the IRA Account. The interest earned by the IRA account will not be subject to, or impact, the maximum annual dollar contribution limit or the maximum annual deductible amount. Please note that the IRA Bonus Offer may be taxable income for conversions of a non-deductible IRA contribution to a Roth IRA. Robinhood does not provide tax advice. You are encouraged to consult with your tax professional about appropriate tax reporting and treatment relating to this bonus award and the deposit of the bonus award in your account. Any taxes resulting from the bonus award are your responsibility.

Brokerage services are offered through Robinhood Financial LLC, ("RHF") a registered broker dealer (member SIPC) and clearing services through Robinhood Securities, LLC, ("RHS") a registered broker dealer (member SIPC).

RHF and RHS are not banks. All are separate but affiliated entities. Securities offered by RHF are not FDIC insured and involve risk, including possible loss of principal.