Recurring Deposit Reward
You can earn a cash reward after setting up a qualifying recurring deposit through the promotional offer in the app. You’ll need to keep the recurring deposit set up for at least 12 months to keep the cash reward.
Only direct recipients of this promotion from Robinhood Financial LLC who have the correlated promotional screen in their Robinhood account are eligible for this offer. The offer is not available to the general public and only in self-directed, taxable individual and joint investing accounts at Robinhood.
To earn the cash reward, you must set up a recurring deposit during the promotional period through the offer in the app. Only recurring deposits set up for self-directed, taxable investing accounts through an automated clearing house (ACH) bank transfer are eligible.
Not eligible:
If you're eligible for a cash reward, it will be deposited shortly after the first qualifying recurring deposit settles in your account.
After your cash reward lands in your account, you can trade with it but you can’t withdraw the cash value from your account for 90 days. If you withdraw the cash equivalent from your account before 90 days, you’ll be charged for the early withdrawal of the cash reward.
Let’s say you get a $5 cash reward, which will be marked on hold for 90 days. Within those days, your withdrawable cash will be reduced by $5, so if you have $100 of cash available in your account, you’ll have $95 available to withdraw after accounting for the $5 hold. After the 90 days, the withdrawal limitation would no longer apply but the recurring deposit must still be maintained for the full 12 months or the reward may be rescinded.
Keep in mind that you must keep the qualifying recurring deposit that earned the cash reward active for at least 12 months after receiving the reward or setting up the deposit.
The Robinhood Financial LLC Recurring Deposit Cash Reward Offer (“Offer”) is subject to these terms and conditions.
Eligibility: The Offer is valid only for customers who are U.S. residents, have a self-directed, taxable individual or joint Robinhood Financial LLC brokerage account in good standing (“Brokerage Account”), directly receive a communication about the Offer from Robinhood, and enter the recurring deposit flow through the specific entry points for this promotion. This Offer is not available to the general public, managed (advisory) account holders, or customers with certain account restrictions. Robinhood may decline requests to enroll in the Offer at its discretion.
Offer: To qualify for the cash reward (“Cash Reward”), eligible customers must enable a “Qualifying Recurring Deposit” through the promotional offer flow that meets the minimum amount and frequency requirements displayed to them in the Robinhood app at the time of the Offer within 7 days of receipt of the Offer. A Qualifying Recurring Deposit is defined as a weekly, recurring ACH from an external source to a Brokerage Account. The amount of the Cash Reward is the specific value displayed to the customer in the app at the time of enrollment.
Reward Payout: The Cash Reward will not be paid out until the initial Qualifying Recurring Deposit successfully settles in the customer's account. Once settled, Robinhood will deposit the Cash Reward into the customer's individual or joint investing account.
Retention and Chargebacks
Limitations: Limit one Offer per qualified customer every 365 days. Customers who close their account within 12 months of receiving the Cash Reward will forfeit the 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. It is available to US residents only.
Robinhood reserves the right to determine, in its sole discretion, whether an account is in good standing and eligible for this Offer. This Offer is non-transferable and cannot be combined with other recurring deposit promotions unless otherwise stated. Only self-directed, taxable individual and joint investment accounts are eligible; managed, retirement, and custodial accounts are excluded from this Offer.
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 on applicable 1099 forms where required by rules and regulations. 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.