Robinhood deposit reward | Robinhood

Robinhood deposit reward

When you deposit money in your Robinhood brokerage account, you can earn up to a $12,000 cash reward.

FAQ

Who's eligible?

Only direct recipients of this offer from Robinhood through an email, in-app card, or in-app notification, and meet all the qualifications are eligible to receive this reward. This reward isn’t available to the general public.

How to qualify?

To get this cash reward, you must make eligible deposits in your non-retirement brokerage account starting September 28, 2023 through October 28, 2023 for them to count toward your reward.

How to calculate net deposits?

You can calculate your net deposits by adding up all the deposits initiated into your non-retirement brokerage account between September 28, 2023 and October 28, 2023, and subtracting all withdrawals and canceled deposits between September 28, 2023 and April 29, 2024. Check out Terms and conditions for more details about this offer.

When will I get the reward?

Rewards will be delivered by April 30, 2024. If you receive a reward, you'll have 30 days to claim it. Certain limitations apply. Review the Terms and conditions for details.

Keep in mind

Your cash reward will expire if you don’t claim it within 30 days. Also, if you haven’t verified your tax status with us, go to Tax certification to confirm it before claiming the reward. For more details, review the following Taxes section.

Terms and conditions

The Robinhood Financial LLC (Robinhood) reward is subject to these terms and conditions.

Eligibility: The Robinhood deposit reward is valid only for Robinhood customers who successfully fund their Robinhood non-retirement brokerage account and keep qualifying funds in their Robinhood account through at least April 30, 2024. To be eligible for this reward, you must’ve received the offer communications from Robinhood directly. This offer isn’t available to the general public. Robinhood may decline requests to participate in the offer at its discretion.

Offer: The net total is the total amount of all initiated deposits from 12 AM ET on September 28, 2023 through 11:59 PM ET on October 28, 2023 minus all withdrawals or canceled deposits from September 28 , 2023 through April 29, 2024. A cash reward based on your net total that’s calculated based on the Robinhood communication you received, will automatically be deposited to your Robinhood account after you claim it.

Withdrawals include, but aren’t limited to a debit card transaction from your brokerage account, originated and non-originated ACH transfers and Automated Customer Account Transfer Service (ACATS) transfers. However, a withdrawal doesn’t include the purchase of an investment option, such as a stock, on Robinhood’s or Robinhood’s affiliates’ platforms.

Net deposits meeting this eligibility criteria will be rewarded based on the following:

  • $35 for deposits of $5,000–$19,999
  • $130 for deposits of $20,000–$49,999
  • $325 for deposits of $50,000–$99,999
  • $720 for deposits of $100,000–$199,999
  • $1,500 for deposits of $200,000–$499,999
  • $3,500 for deposits of $500,000–$999,999
  • $8,000 for deposits of $1,000,000–$1,499,999
  • $12,000 for deposits of $1,500,000+

Limitations: Limit 1 offer per qualified funding of the account, with a maximum of 1 account per customer. The cash value must explicitly be claimed by the customer. If the cash value isn’t claimed within 30 days of the date it was received, the reward will expire. 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 and conditions. 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 isn’t transferable, saleable, or valid in conjunction with certain other offers, and is only available to U.S. residents. Employees, contractors, or persons similarly associated with Robinhood or a Robinhood affiliate; members of their household; registered representatives of broker-dealers, employees of any securities regulatory organization or exchange; and employees of any market maker aren’t eligible. Other restrictions may apply. Participation in this promotion doesn’t constitute a solicitation of a security or a recommendation to buy, sell, or hold any given security. Robinhood doesn’t provide investment advice and doesn’t hereby recommend any security or transaction. This isn’t an offer or solicitation in any jurisdiction where we aren’t 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. Cash rewards may also be subject to withholding based on your tax status. Robinhood isn’t responsible for any tax related to this cash reward. Before you can get the reward, you must have your US tax status verified with Robinhood. If you haven’t yet, go to Tax certification to confirm yours.

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

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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). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). Review a list of RHC licenses for more information.The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information. Credit card products are offered by Robinhood Credit, Inc. ("RCT") (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

RHF, RHY, RHC, RCT, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC isn’t a member of FINRA and accounts are not FDIC insured or protected by SIPC.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

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All investing involves risk.

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). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). Review a list of RHC licenses for more information.The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information. Credit card products are offered by Robinhood Credit, Inc. ("RCT") (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

RHF, RHY, RHC, RCT, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC isn’t a member of FINRA and accounts are not FDIC insured or protected by SIPC.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.