If you receive an offer from us and cancel an eligible account transfer out, you can earn a 2% bonus on top of the cancelled transfer out amount from your self-directed, Robinhood taxable individual or joint investing account. Terms apply.

The bonus amount is based on the previous trading day's closing prices of the assets in your transfer request, as of the date Robinhood receives your request. For example, let’s say you started the steps to transfer securities priced at $100,000 out of your investing account, and then decided not to make the transfer by opting into the bonus. You’d earn a 2% bonus of $2,000. Note that you must accept the offer within the timeframe noted. Other terms apply.

We’ll deposit your earned bonus approximately 1 week after you cancel the asset transfer out. Note the 1-year holding requirement on the bonus. After 1 year, the bonus can be withdrawn.

Robinhood Financial LLC (“Robinhood”) ACATS Retention Bonus Offer (the “Offer”) is subject to these Terms and conditions (“Terms”). These Terms apply only to the self-directed, taxable brokerage promotion described here and not to any retirement, custodial, or managed account-related promotion. This offer is non-transferable and only available to customers who receive an invitation directly from Robinhood via email or in-app notification.

1. Eligibility and how to participate

To be eligible, you must:

• Have an individual or joint, self-directed Robinhood taxable brokerage account (“Brokerage Account”);
• Be eligible to use Robinhood’s services and have an account in good standing (as determined by Robinhood); and
• Receive the Offer from Robinhood (for example, via the app, email, or other communication) and, during the Offer Period, cancel the outgoing Automated Customer Account Transfer Service (“ACATS”) transfer request associated with this Offer before Robinhood submits the ACATS file to the receiving broker, as reflected in Robinhood’s records.

This Offer is not available for:

• Deposits into, or accounts managed by, Robinhood Asset Management, LLC (Robinhood Strategies);
• Retirement accounts;
• Custodial accounts; or
• Any account types other than self-directed, taxable individual and joint Brokerage Accounts.

2. Definitions

• ACATS: The Automated Customer Account Transfer Service.
• Bonus: A cash bonus equal to the Bonus Rate multiplied by the Requested Transfer-Out Amount, subject to these Terms.
• Bonus Credit Date: The date the Bonus is credited to the Brokerage Account, as reflected in Robinhood’s records.
• Bonus Rate: 2%.
• Brokerage Account: An individual or joint, self-directed Robinhood taxable brokerage account.
• Cancel or Canceled: The customer’s cancellation of an Outgoing ACATS Transfer Request through the Robinhood app before Submission, as reflected in Robinhood’s records. A request is not considered Canceled if the customer attempts to cancel after Submission, or if the request otherwise proceeds to Submission.
• Cancellation Time: The timestamp when the Outgoing ACATS Transfer Request is Canceled in the app, as reflected in Robinhood’s records.
• Contra-Broker: The receiving broker-dealer identified by the customer for the outgoing ACATS transfer.
• Eligible Customer: A customer who satisfies the requirements in Section 1 and is not subject to any restriction in Section 11.
• Offer Period: The period beginning when Robinhood provides the Offer to the Eligible Customer (as reflected in Robinhood’s records) and ending at the earliest of: (i) the time the Eligible Customer cancels the Outgoing ACATS Transfer Request in the app, (ii) the time the Outgoing ACATS Transfer Request is Submitted, or (iii) the time the Outgoing ACATS Transfer Request otherwise completes or proceeds through ACATS.
• Outgoing ACATS Transfer Request: A request initiated in the Robinhood app to transfer assets out of a Brokerage Account via ACATS.
• Requested Transfer-Out Amount: The value of the assets the customer requested to transfer out pursuant to the Outgoing ACATS Transfer Request, determined by Robinhood using (i) the national market system closing price of each requested position on the trading day before the Cancellation Time and (ii) any requested cash component, in each case as reflected in Robinhood’s records. If the request is for a full-account transfer, Robinhood may treat the Requested Transfer-Out Amount as the value of eligible assets in the Brokerage Account at the Cancellation Time.
• Restricted Bonus Amount: The Bonus amount that is subject to the Withdrawal Prohibition Period.
• Submission or Submitted: The time when Robinhood submits the ACATS file for the Outgoing ACATS Transfer Request to the Contra-Broker (or ACATS system, as applicable), as reflected in Robinhood’s records.
• Withdraw or Withdrawal: A transfer of cash from a Brokerage Account to an external account or destination (for example, to a bank account, debit card, or another non-Robinhood account), including via ACH or wire, as applicable. For clarity, placing trades, holding cash or securities in the Brokerage Account, and internal account activity on the Robinhood platform are not Withdrawals.
• Withdrawal Holding Period: The period beginning on the Bonus Credit Date and ending 1 year thereafter.

3. The Offer

If you participate during the Offer Period by canceling an Outgoing ACATS Transfer Request in the app before Submission, Robinhood will credit you a Bonus, subject to these Terms. The Bonus will be credited as cash to your Brokerage Account, and you may use the Bonus to place trades on the Robinhood platform or keep it in your Brokerage Account. However, the Restricted Bonus Amount is not Withdrawable during the Withdrawal Holding Period.

You are not eligible for a Bonus if:

• The Outgoing ACATS Transfer Request is Submitted before it is Canceled; or
• The transfer-out otherwise completes or proceeds through ACATS.

To qualify for the Bonus, your Outgoing ACATS Transfer Request must be Canceled in the Robinhood app before Submission and Robinhood must be able to process that Cancellation. Robinhood generally submits ACATS files to the Contra-Broker on the business day following the date the Outgoing ACATS Transfer Request was initiated. Because ACATS processing is time-sensitive and may involve cutoffs, queued processing, or system delays, a cancellation attempt may not be effective if made close in time to Submission. Robinhood’s records will control whether (and when) an Outgoing ACATS Transfer Request was Canceled and whether (and when) it was Submitted.

If an Outgoing ACATS Transfer Request is Submitted before it is Canceled (even if you attempted to cancel), you will not be eligible for the Bonus.

4. One Bonus per Eligible Customer

Each Eligible Customer may receive no more than one (1) Bonus under this Offer for one Outgoing ACATS Transfer Request, regardless of the number of Brokerage Accounts the customer has, the number of Outgoing ACATS Transfer Requests initiated, or the number of times an Outgoing ACATS Transfer Request is canceled.

If an Eligible Customer initiates and cancels multiple Outgoing ACATS Transfer Requests that would otherwise qualify, Robinhood will determine in its discretion which request is used to calculate the Bonus.

5. Crediting timing

The Bonus will be credited to your Brokerage Account approximately 1 week after the Outgoing ACATS Transfer Request is Canceled, though timing may vary. The Withdrawal Holding Period begins on the Bonus Credit Date.

Robinhood may delay crediting if Robinhood determines or is investigating whether there are indications of fraud, abuse, or violations of these Terms.

6. Calculation, rounding, and valuation

Robinhood calculates the Requested Transfer-Out Amount using the national market system closing price of each transferred position on the trading day prior to the Outgoing Transfer Request. The Bonus amount is fixed at the time you receive the Offer, based on prior-day values, and will not fluctuate with subsequent market movement.

If a Bonus amount includes a fraction of a cent, the Bonus will be rounded down. The Restricted Bonus Amount equals the Bonus amount credited (including any fraction of a cent) and is subject to the Withdrawal Holding Period.

7. Joint accounts

For Joint Accounts, an Outgoing ACATS Transfer Request is considered initiated only once both Joint Account holders have consented to the initiation of the ACATS transfer request, if applicable.

Any Bonus credited to a Joint Account will be credited to that Joint Account.

8. Restrictions; fraud and abuse

Robinhood may decline to grant, rescind, reverse, or withhold any Bonus (or any related proceeds) if Robinhood determines, in its sole discretion, that there may have been fraudulent activity, an attempt to game the Offer, or a violation of these Terms.

Robinhood may implement technical or account-level restrictions to enforce the Withdrawal Holding Period, including by preventing Withdrawals of the Restricted Bonus Amount during the Withdrawal Holding Period.

9. Not a recommendation

The Offer is not a recommendation of any investment or investment strategy, and is not a recommendation that you cancel a transfer or retain assets in a Brokerage Account.

10. Right to modify or terminate

Robinhood reserves the right to change these Terms or terminate the Offer at any time, as permitted by law. The Offer is not transferable or saleable and may not be valid in conjunction with certain other offers. Offer available to US residents only and void where prohibited.

11. Eligibility restrictions

Robinhood customers with restricted accounts, deactivated accounts, or account restrictions are not eligible to participate in the Offer. Robinhood may decline requests to enroll or participate at its discretion.

12. Taxes

Consult with your tax advisor about the appropriate tax treatment of this Offer and any tax implications associated with receipt of a cash reward. The value of offers received may be reported on applicable tax forms where required. Robinhood does not take responsibility for any tax related to this cash bonus.

Securities trading offered through Robinhood Financial LLC, member SIPC, a registered broker-dealer, and a subsidiary of Robinhood Markets, Inc.