Invite Friends, Get Stock

Our Referral Program

Robinhood Referrals header image

We think investing is better with friends, so for everyone you invite to join, you’ll both earn a reward stock. As soon as your friend signs up and links their bank account, we’ll credit each of your accounts with a reward stock. Keep in mind: You can receive up to $500 in reward stocks each calendar year, so feel free to spread the word.

How to Claim Your Reward Stock

To claim your stock, open your app and tap the account (person) icon in the bottom right corner, then tap “Get Free Stock”. From there, tap “Invite contacts” and choose the friends you want to invite. Once the conditions of your promotion are satisfied, you’ll receive your reward stock.

Keep in mind

You need to claim your reward stocks within 60 days, and we can’t provide information about someone else’s account or application status.

How to Invite Friends

Follow these steps to refer your friends directly from the app.

  1. Tap the account (person) icon in the bottom right corner
  2. Tap Get Free Stock
  3. Tap Invite Contacts
  4. Tap Invite next to the friends you want to refer

How We Choose Your Reward Stock

Each stock is chosen randomly from our inventory of settled shares. The value of the share you receive could be anywhere between $3 and $225, and fluctuates based on market movements. Each stock is selected from our inventory based on the total value and price of each share. Keep in mind that approximately 98% of the participants will receive a reward stock having a value from $2.50 to $10.

Keep in mind

We can’t credit your account for invites you sent before you began participating in the stock reward program, and you can’t open a second account to get a stock through this program.

Your invites will need to successfully sign up and link their bank account in order to be credited.

Stock Reward Limit

You can receive up to $500 in stocks per year through this program, and the price of each stock you receive will be listed in your Statements & History.

If the total value of stocks you receive through the program is approaching $500, you'll stop receiving reward stocks once the lowest-priced stock in our inventory brings you over the $500 limit. For example, if you have $497 in stocks and the lowest-priced stock in our inventory is $3.75, you won't be able to receive more reward stocks. However, your friends will still receive a stock if they sign up with your invite link and satisfy the conditions of the promotion.

Taxes

Make sure you consult with your tax advisor on how the receipt and sale of stock will impact your own tax situation. The cash value of the stock at the time you claim it may be reported as “Other Income” on a 1099-Misc form, if applicable. Any gains or losses on the sale of the stock are reported as capital gains or losses. You can check the original value of each stock you receive in your Statements & History.

Example

You win a $10 stock and later sell it for $15 dollars:

  • The $10 stock gift will be reported as “Other Income” on a 1099-MISC form, if required.
  • The $5 gain will be reported as capital gains.

Terms and Conditions

Robinhood stock reward offer valid for existing qualifying brokerage clients of Robinhood Financial LLC (“Robinhood”) who successfully refer a customer that is not a current or past client of Robinhood, and that customer fulfills the conditions stated in their promotion. Rewards will be credited only if the referred Robinhood account is approved and the reward is claimed within 60 days through the Robinhood platform.

Robinhood reserves the right to either decline to grant the stock reward, or to claw back the stock or any related dollar proceeds if the customer sells their stock reward, 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 stock referral or the referred customer’s Robinhood account. Limit one offer per qualified referral with a maximum of one account per referred client. Stock reward will be credited to the enrolled account within approximately one week after the reward is claimed, though this timeline may be delayed in Robinhood’s sole discretion if, for example, Robinhood determines that there is indicia of fraud or a violation of these Terms. Stock rewards that are not claimed within 60 days may expire. Shares from stock rewards cannot be sold until 2 trading days after the reward is granted. The cash value of the stock reward may not be withdrawn for 30 days after the reward is claimed. Robinhood cannot provide information about someone else’s account or application status.

Robinhood reserves the right to change the offer terms or terminate the offer at any time without notice. The offer is limited to one per account, with no more than one account enrolled per customer. The stock reward, when combined with the value received from all other offers in the current calendar year, may not exceed $500 per household per year. 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; and employees of any securities regulatory organization or exchange are not eligible. Robinhood may decline requests to enroll in the offer at its discretion. The offer is only available for personal use, and may not be used for commercial purposes. Robinhood cannot provide information about someone else’s account or application status. Other restrictions may apply.

The stock reward is one share selected randomly, when the reward criteria are met, from Robinhood’s inventory of settled shares held for this program. When shares are purchased into this inventory, Robinhood purchases shares from the three to four companies representing the highest market capitalization in various ranges of share prices between approximately $3 and $225, limited to those companies that are widely held among Robinhood accounts. Approximately 98% of participants will receive a stock reward having a value of $3-$10, approximately 1% of participants will receive a stock reward having a value of $10-$50, and approximately 1% of participants will receive a stock reward having a value of $50-$225, based on the price of shares at the time of purchase.

Neither receipt of a share of stock through this program nor identification of a particular security in communications related to this program constitutes a solicitation of the security, or recommendation to buy, sell, or hold the security, or investment advice.

Consult with your tax advisor about the appropriate tax treatment for this offer and any tax implications associated with receipt of a stock 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 stock reward.

Reference No. 20201204-1433287-4351010
Still have questions? Contact Robinhood Support
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