Robinhood Gold Rewards | Robinhood

Robinhood Gold Rewards

Frequently asked questions

Who's eligible for the cash reward?

Only direct recipients of the incentive offer who click an eligible rewards link, subscribe to Robinhood Gold in that session, and meet all of the qualifications, are eligible to receive a cash reward. The promotion is not available to the general public.

How do I qualify?

In order to receive your cash reward, you have to sign up for Robinhood Gold ($5/month, first 30 days free for new subscribers) and must remain a Gold subscriber through April 6, 2024. As a Robinhood Gold subscriber, you must make deposits into your non-retirement brokerage account between September 20, 2023 and October 6, 2023 to count towards your reward.

How much can I get?
  • $10 for net deposits of $1000-$4,999
  • $50 for net deposits of $5,000–$14,999
  • $100 for net deposits of $15,000-$49,999
  • $500 for net deposits of $50,000-$99,999
  • $1000 for net deposits of $100k+
How do I calculate my net deposits?

You can calculate your net deposits by adding up all deposits initiated between September 20, 2023 and October 6, 2023 and subtracting all initiated withdrawals or canceled deposits between September 20, 2023 and April 6, 2024.

When will I get my reward?

If you're eligible for a cash reward, it will be delivered to your account by April 13, 2024. We'll notify you by email and push notification when you can claim your cash!

Keep in mind

Your cash reward will expire if it isn’t claimed 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 funds you receive through the cash reward promotion 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 cash reward and any other funds (e.g., 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, please consult with your tax professional.

Terms and conditions

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 click an eligible rewards link directly sent to them by Robinhood, successfully fund their Robinhood brokerage account as described in the offer communication, enroll in Robinhood Gold between September 20, 2023 and October 6, 2023 and maintain enrollment through April 6, 2024, and keep qualifying funds in their Robinhood account through at least April 6, 2024. To be eligible for this reward, you cannot be a current Robinhood Gold subscriber and you must have received the offer communications from Robinhood directly. This offer is not 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 September 20, 2023 at 8:00:00 AM PT through October 6, 2023 at 11:59:59 PM PT minus all initiated withdrawals or canceled deposits from September 20, 2023 at 8:00:00 AM PT through April 6, 2024 at 11:59:59 PM PT. A cash reward based on the customer’s net total, calculated based on the Robinhood communication to the customer, will be automatically deposited to the customer's Robinhood account by April 13, 2024.

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 value must be explicitly claimed by the user. If the cash value is not 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 Financial account for 30 days after the reward is claimed. 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; registered representatives of broker-dealers, employees of any securities regulatory organization or exchange; and employees of any market maker are not eligible. Other restrictions may apply. Participation in this promotion 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.

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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.