Robinhood Cash Rewards
This promotion is not available to the general public. In order to be eligible to receive a cash reward, you must be a direct recipient of the original email from Robinhood.
Your cash reward will be based on your net deposits. Net deposits are the total amount of all initiated deposits from March 15–March 28, 2021 minus canceled deposits or withdrawals from March 15–April 4, 2021. Simply: it’s the money you put in minus the money you take out through the above dates.
While your deposit match cash reward can’t be withdrawn for 60 days after the reward is granted, you can still use it to invest.
Corresponding cash rewards will be automatically deposited from April 5-April 9, 2021.
The funds you receive through the deposit match program 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 deposit-matched funds and any other funds (i.e. 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, we recommend speaking with a tax professional.
Robinhood Financial LLC (Robinhood) Deposit Reward Offer is subject to these Terms & Conditions.
Eligibility. Robinhood Deposit Reward Offer valid only for Robinhood customers who Robinhood directly emails or pushes the promotion to, who successfully fund their account between March 15 and 28, 2021, and maintain their funds in their Robinhood through at least April 4, 2021. This promotion is not available to the general public, and is only available to those receiving this email from Robinhood and the related push notifications. Robinhood may decline requests to enroll in the offer at its discretion.
Offer. Net Deposits are the total amount of all initiated deposits from March 15, 2021 at 12amPT through March 28, 2021 at 11:59pmPT subtracted by canceled deposits or withdrawals from March 15, 2021 at 12amPT through April 4, 2021 at 11:59pmPT. Corresponding cash rewards will be automatically deposited from April 5-April 9, 2021.
Withdrawals include, but are not limited to, a debit card transaction from a customer’s brokerage account, originated and non-originated ACH, and ACAT. However, a withdrawal shall not include the purchase of an investment option, such as a stock, on Robinhood’s or Robinhood’s affiliates’ platforms.
Limitations. Limit one offer per qualified funding of the account, with a maximum of one account per customer. 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. 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 U.S. residents only. Employees, contractors, or persons similarly associated with Robinhood or a Robinhood affiliate; members of their household; employees of Citadel Securities, Two Sigma Securities, Virtu Financial, G1 Execution Services LLC, Wolverine Execution Services, LLC, and Morgan Stanley & Co. LLC, and their affiliates; employees of any securities regulatory organization or exchange; and registered representatives of any broker-dealer are not eligible. Other restrictions may apply. Participation in this program 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.