Robinhood Expanded IRA Match
Through April 18, we’ve expanded the 1% Match to IRA transfers and 401(k) rollovers. There’s no limit on your deposit amount eligible for the Match. Keep in mind, you must hold the funds in your IRA for at least 5 years to keep the Match. You’ll continue to get the annual 1% Match every year for all eligible contributions from external accounts.
The Robinhood Expanded IRA Match is open to Robinhood IRA users that successfully deposit money to their IRAs through eligible contributions from external accounts, IRA transfers, or 401(k) rollovers by April 18.
For a limited time only, you’ll earn 1% extra for every dollar added to your IRA from IRA transfers and 401(k) rollovers. There’s no match limit deposit amount. Keep in mind, you must hold these eligible funds in your IRA for at least 5 years to keep the Match.
Transfers from internal accounts, such as brokerage and spending accounts, won’t be matched.
You’ll receive your expanded Match within approximately 2 weeks from when your deposits are completed.
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 FAQ for more info. For 401(k) rollovers, this process can typically take 2-4 weeks for deposits to complete.
You can add money through:
In order to be eligible, initiate your transfers before April 18. You must hold these eligible funds for at least 5 years in your IRA to avoid the potential for an early match removal fee.
Keeping the IRA Match after withdrawing money from your IRA depends on how long you've had the funds in your account and the total balance of your IRA.
As long as you’ve held your eligible funds for at least 5 years, the IRA Match is yours to keep. If you withdraw money earlier than 5 years, and your remaining IRA balance stays at or above the amount that earned the IRA Match, it’s yours to keep.
For example, if you transferred $1,000 and earned a $10 IRA Match on June 1, 2025, you can withdraw all of it on or after June 1, 2030.
If you choose to withdraw money from your IRA before June 1, 2030, you’ll keep the $10 IRA Match as long as the remaining IRA balance is at least $1,000 (which represents your eligible amount that earned the $10 IRA Match).
When withdrawing money from your IRA less than 5 years after making the transfer, we may charge an Early Match Removal Fee. The fee amount is equal to the IRA Match amount earned if your remaining IRA balance is lower than your transfer amount that earned the IRA Match.
Let’s say you transferred $1,000 and earned a $10 IRA Match on June 1, 2025 and you withdraw money from your IRA less than 5 years after making the eligible transfer. If your remaining balance is $200, you may be charged an Early IRA Match Removal Fee of $8. This is equal to the $8 IRA Match you earned for the $800 of eligible funds that you’re withdrawing.
| Transfer | IRA Match Fee | Withdraw date | Account value | Withdraw amount | Remaining balance |
| $1,000 | $10 | 5 or more years | $1,000-$800 | $200 | $0 |
| $1,000 | $10 | Less than 5 years | $1,000-$800 | $200 | $8 |
| $1,000 | $10 | Less than 5 years | $1,000-$800 | $1200 | $0 |
| $1,000 | $10 | Less than 5 years | $1,000-$800 | $50 | $9.50 |
The Early IRA Match Removal Fee may apply to required minimum distributions as well.
Other fees and taxes may apply. Check out our fee schedule for details. Robinhood does not provide tax advice. Consult a tax advisor for help.
When your IRA transfer completes, the amount of the Match is calculated based on 1% of the total of the transferred cash plus transferred securities and options, 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 Match 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 Match will be calculated based on 1% of the total rollover amount.
The IRA Match is treated as interest income in your IRA. We won’t deliver a 1099-INT due to the tax status of IRAs.
A rollover is just one of several options for your old 401(k). Learn more about 401(k) rollovers before taking action.
Have more questions on our ongoing 1% Match for annual contributions? Check out the 1% Match FAQ.
You must have earned income to contribute to an IRA. Funds being contributed into or distributed from retirement accounts may entail tax consequences. Contributions are limited and withdrawals before age 59 ½ may be subject to a penalty tax. Robinhood does not provide tax advice.
The Robinhood IRA is available to any customer with a Robinhood brokerage account in good standing.
All investments involve risk and loss of principal is possible. Robinhood Financial LLC (Member SIPC).
Robinhood Financial LLC (“Robinhood”) Robinhood Expanded IRA Deposit Match (“Robinhood Expanded Match” or “Match”) is subject to these Terms & Conditions.
Eligibility. The Robinhood Expanded IRA Deposit Match is only available to customers who have: (1) successfully opened an Individual Retirement Account (IRA) that is offered by Robinhood and custodied at Robinhood Securities, LLC, and (2) successfully deposited within the Offer Period new funds or investments to this Robinhood IRA from an external bank account outside of Robinhood, either through a contribution, or a transfer of cash or investments from a qualified account such as an IRA or employer plan.
Offer. Robinhood Expanded IRA Deposit Match. For eligible Robinhood customers who contribute within the Offer Period, Robinhood will provide 1% of the value of a customer’s deposits to their Robinhood IRA to the customer’s Robinhood IRA in any given year, subject to a five-year earn-out as discussed below. The Match will be provided within approximately two weeks from when the customer’s eligible deposits are completed. The Offer Period is between 2:00 PM ET on March 15, 2023 and 11:59 PM ET on April 18, 2023. Deposits are eligible if they are initiated during the Offer Period.
Limitations. If a customer has received a Robinhood Expanded IRA Deposit Match, and they transfer or distribute some or all of their Robinhood IRA to another financial institution prior to the earn-out period of five (5) years from receiving their Robinhood Expanded IRA Deposit Match in their Robinhood IRA, a non-taxable IRA Match Early Removal Fee will apply to the IRA as payment for services from Robinhood, separate from and above any ACATS out fee, and this IRA Match Early Removal Fee will be the amount that the customer has received via the Match for any Match received over the previous five years. The IRA Match Early Removal Fee may not apply if a customer’s IRA balance has risen by an amount greater than their net IRA deposits plus any Match that they have received. If the customer has cash available in their IRA, this IRA Match 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 Match Early Removal Fee, this fee may be debited from their outgoing financial institution.
The Robinhood Expanded IRA Deposit Match is not available with respect to IRA contributions alongside the Robinhood IRA Contribution Match for the same IRA contribution. In other words, a customer can only early earn the 1% offer once for each eligible IRA contribution across Robinhood promotions.
In the event that Robinhood determines in its sole discretion that there may have been fraudulent activity or a violation of these Terms in connection with the Match, Robinhood reserves the right to either decline to grant the Match, or to rescind or liquidate the Match, or any security or any related dollar proceeds derived from the Match. While the Match will be credited to the customer’s Robinhood IRA within approximately two weeks after the customer has fulfilled the conditions of the Offer, though this timeline may be delayed in Robinhood’s sole discretion if, for example, Robinhood determines that there are indications of fraud or a violation of these Terms.
The amount of the Match is calculated based on 1% of the total of the transferred cash plus transferred securities and options, 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 Match is only available for securities that successfully transfer and settle, and will not be granted for securities that are rejected.
If 1% of a customer’s contribution results in a Match amount that includes a fraction of a dollar smaller than $0.01, the Match will be rounded down to the nearest penny. For example, if a customer deposits $90.31, the Match will be $0.90. The Match will not be granted for deposits less than $1.
Please note that customers must contribute funds directly from an external account to be eligible for the Robinhood Expanded IRA Deposit Match, and that contributions from a customer’s Robinhood brokerage account are ineligible for the Robinhood Expanded IRA Deposit Match.
The Robinhood Expanded IRA Deposit Match is not available for inherited IRAs.
The Robinhood Expanded IRA Deposit Match is not a recommendation of any investment or investment strategy, and is not a recommendation that a customer rollover or transfer assets into a Robinhood IRA. By participating in the Robinhood Expanded IRA Deposit Match, 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 Match, 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, the Robinhood 401(k) Plan, which may include a separate employer matching contribution.
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 Match as interest earned by the IRA account for tax reporting purposes. The interest amount is based on a percentage of deposits 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 Match may be taxable income for conversions of a non-deductible IRA contribution to a Roth IRA. Robinhood does not provide tax advice. Please consult a tax advisor.