Robinhood Gold rewards | Robinhood

Robinhood Gold rewards

FAQ

Who's eligible for the cash reward?

Only direct recipients of the incentive offer either through an email, a push notification, an in-app card, or a reward center offer from Robinhood who meet all of the qualifications are eligible to receive a cash reward. The promotion isn’t available to the general public.

How do I qualify?

To receive a cash reward, you must sign up for Robinhood Gold ($5 per month; the first 30 days are free for new subscribers) and must remain a Gold subscriber through October 24, 2023. As a Gold subscriber, you’ll need to make deposits into your brokerage account between July 13, 2023 and July 25, 2023 for them to count toward your reward.

How do I calculate my net deposits?

You can calculate your net deposits by adding up all the deposits initiated between July 13, 2023 and July 25, 2023 and subtracting all the initiated withdrawals or canceled deposits between July 13, 2023 and October 24, 2023. You can find the Offer details in the communications you received from us.

When will I get my reward?

If you're eligible for a cash reward, it’ll be delivered to your account by October 31, 2023. We'll send you an email and a push notification for when you can claim your cash!

Keep in mind

Your cash reward will expire if you don’t claim it within 30 days. After you claim it, you can use it to invest right away, but you can't withdraw it from your account for 30 days.

Taxes

The money you receive through the cash reward promotion will be reported as miscellaneous income on your Form 1099-MISC. Because of IRS minimum earnings requirements, you may not receive a Form 1099-MISC if your total miscellaneous income (e.g. stock rewards) is valued at less than $600.

As with all tax forms, you’ll be able to download a Consolidated 1099 PDF (which includes the 1099-MISC) starting in mid-February each year. If you have questions about your specific tax situation, consult with a tax professional.

Terms and conditions

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

Eligibility: The Robinhood Gold reward is valid only for Robinhood customers who successfully fund their Robinhood brokerage account, enroll in Robinhood Gold between July 13, 2023 and July 25, 2023 and maintain enrollment through October 24, 2023, and keep qualifying funds in their Robinhood account through at least October 24, 2023. To be eligible for this reward, you cannot be a current Robinhood Gold subscriber and you must’ve received the offer communications from Robinhood directly. This offer isn’t available to the general public. Robinhood may decline requests to enroll in the offer at its discretion.

Offer: The net total is the total amount of all initiated deposits from July 13, 2023 at 8:00:00 AM PT through July 25, 2023 at 11:59:59 PM PT minus all initiated withdrawals or canceled deposits from July 13, 2023 at 8:00:00 AM PT through October 24, 2023 at 11:59:59 PM PT. 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 by October 31, 2023.

Withdrawals include, but aren’t limited to a debit card transaction from your 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 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 value of the reward cannot be withdrawn from the customer’s Robinhood account for 30 days after claiming the reward. 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 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. Robinhood isn’t responsible for any tax related to this cash reward.

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). The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. 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. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Securities products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. Cryptocurrencies held in RHC accounts are not covered by FDIC or SIPC protections and are not regulated by FINRA. RHY products are not subject to SIPC coverage but funds held in the Robinhood Money 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). The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. 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. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Securities products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. Cryptocurrencies held in RHC accounts are not covered by FDIC or SIPC protections and are not regulated by FINRA. RHY products are not subject to SIPC coverage but funds held in the Robinhood Money 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.

© 2024 Robinhood. All rights reserved.