Invite Friends, Pick Stock | Robinhood

Invite Friends, Pick Stock

We think investing is better with friends. So for each friend you invite to join, you’ll both earn gift stock. You and your friend both get to pick your own stock of America’s leading companies if you have the correlated promotional screen in your Robinhood account.

As soon as your friend signs up, gets approved, and links their bank or debit card, then you’ll both receive gift stock.

Am I eligible?

To check if you're eligible for this promotion:

  1. Check your reward eligibility
  2. If you see the correlated promotional screen, you're eligible

Upgrades to the referral program

You may notice things look a little different with our referral program. Before, you wouldn’t have a chance to pick the stock. Now you're able to pick the stock yourself from a list of our top traded companies.

You will earn a specified dollar amount for your gift stock. You can use the cash value toward fractional shares of the companies offered. Fractional shares are pieces, or fractions, of whole shares of a company.

The list of companies you can choose from are selected by market cap for their respective sectors.

How to claim it

Once your gift stock is ready, we’ll send you a notification prompting you to claim your reward. If you don’t use the notification, you can claim your gift stock in Earn stock in the app or in Rewards on the web.

Keep in mind

You have 60 days to claim your gift stock before it expires.

How to invite friends

App

  1. Select Earn stock
  2. Select Invite contacts or Share link to invite your friends

Web

  1. Select Rewards
  2. Select Share link to invite your friends
Keep in mind

Your invitees will need to successfully sign up, get approved, and link their bank or debit card to get the reward.

Reward value

The cash value you receive could be anywhere between $5 and $200. Keep in mind, approximately 99% of customers will get stock worth $5. You can use this reward to claim a fractional share of a stock!

When can I sell it?

You’re allowed to sell your gift stock 3 trading days after you claim it. Once you’ve sold it, you're free to use the proceeds from the sale towards other stocks that you want to invest in.

If you want to withdraw the proceeds, however, you must keep the cash value of that stock in your account for at least 30 days after claiming it. After that 30-day window, there are no restrictions on withdrawing the proceeds.

Stock reward limit

You can receive up to $1,500 in stocks per year through this program, and the price of the stock you receive will be listed in Statements & History. You'll stop receiving gift stock after you meet your $1,500 limit.

However, your friends will still receive a stock if they sign up with your invite link and satisfy the conditions of the promotion.

Example

You receive $10 of stock and later sell it for $15 dollars:

  • The $10 stock gift will be reported as “Other Income” on a Form 1099-MISC, if required.

  • The $5 gain will be reported as capital gains.

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 Form 1099-Misc, 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 Statements & History.

Other questions

For more information, check out Robinhood Referrals Program.

Fractional Stock Referral Offer Terms and Conditions

Robinhood Financial LLC (“Robinhood”) fractional stock reward offer is subject to these Terms & Conditions.

Eligibility: The Fractional Stock Reward Offer is only valid for the following 2 groups,

  • New customers of Robinhood who have never previously had a Robinhood brokerage account, apply for and are approved for a Robinhood brokerage account, link their bank or debit card to their Robinhood brokerage account, and are Robinhood customers in good standing (“Eligible New Customer”).
  • Existing qualifying brokerage clients of Robinhood who successfully refer an Eligible New Customers. Referrers who are already customers in good standing of Robinhood will become eligible when they share their Robinhood-provided referral code with a personal friend who is an Eligible New Customer. You may choose to share your referral code with your contacts by accessing the Robinhood app, and you can send a text message to your contacts that contains this referral code and a brief message that your contact can join Robinhood and get a reward stock. Anyone who doesn't meet the conditions in this paragraph isn't eligible for this Offer. Robinhood may decline requests to enroll in the offer without notice and at its sole discretion.

Offer: For eligible customers, Robinhood will provide a certain dollar amount of rewards, and the eligible customer must use that dollar amount entirely on purchases of whole or fractional shares of stocks that Robinhood makes available through this program. The 22 stocks that are available to choose from are selected by choosing the 2 largest S&P 500 companies within the top 11 sectors based on market cap, per September 13, 2023 data shown by TradingView, an unaffiliated entity. Occasionally, Robinhood’s inventory of settled shares may not include any given stock among this group for various reasons, including if Robinhood is out of inventory for any given stock or fractional stock. Neither receipt of a share or a fractional share of stock through this program nor identification of a particular security in communications related to this program constitutes a solicitation of the security, investment advice or recommendation of any security, transaction, account type, investment strategy involving securities, or order. The cash value that an eligible customer receives that must be spent on stocks available in this program is between $5 and $200. Approximately 99% of participants will receive a cash value of $5, approximately 0.9% of participants will receive a cash value of $10, and approximately 0.1% of participants will receive a cash value of $200. All eligible customers who fulfill the conditions of this program will receive a cash value that they can only use to purchase whole or fractional shares pursuant to this program.

For the pricing of fractional shares, Robinhood will endeavor to price fractional shares at the last trade price. While Robinhood endeavors to price fractional shares as of the time that the reward is claimed, there may be a small lag time, such as a minute, between when the reward is claimed and the fractional shares are priced.

Limitations: Rewards will be credited only if the referred Robinhood brokerage account is approved and the reward is claimed within 60 days through the Robinhood platform. Rewards that aren't claimed within 60 days will expire. The reward, when combined with the value received from all other offers in the current calendar year, may not exceed $1,500 per household per year. 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 brokerage account, Robinhood reserves the right to either decline to grant the whole or fractional share stock reward, or to rescind or liquidate the stock or any related dollar proceeds if the customer sells their stock reward. Limit one offer per qualified referral with a maximum of one brokerage account per referred client. Stock reward will be credited to the enrolled brokerage 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. Shares or fractional shares from stock rewards cannot be sold until 3 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 decline to grant or rescind a stock reward if Robinhood determines in its sole discretion that there are images or speech in connection with the referrer's referral link that are inaccurate, misleading, offensive, or violates community standards; or infringes on Robinhood's intellectual property rights, constitutes a domain name, creates the potential for confusion as to whether the page or content in question is Robinhood’s, or is otherwise improper. 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. Employees, contractors, or persons similarly associated with Robinhood or a Robinhood affiliate; members of their household; employees of any securities regulatory organization or exchange, employees of market makers, and registered representatives or any broker-dealer are not eligible. The offer is only available for personal use, and may not be used for commercial purposes. You represent that you have the necessary consent from your invitee to send them any text or email relating to this offer.

Any individual stock shown in any marketing communications is not a recommendation or solicitation that a customer buys, holds, or sells any investment or investment strategy, and any such stock is a visual representation of what a customer can receive in connection with this Offer. Stocks that are shown are available as part of this Offer, and any individual or group of stocks that are shown reflect the frequency of stocks that are chosen as part of this Offer by Robinhood customers.

Fractional shares are illiquid outside of Robinhood and not transferable. For a complete explanation of conditions, restrictions and limitations associated with fractional shares, see the Fractional Shares section of Robinhood Customer Agreement. Other restrictions may apply.

Taxes: Taxes related to this offer are solely your responsibility. 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.

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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). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. The Robinhood spending account is offered through Robinhood Money, LLC (RHY) (NMLS ID: 1990968), a licensed money transmitter. A list of our licenses has more information. The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard®. Mastercard and the circles design are registered trademarks of 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. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC is not 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. Check out Robinhood Financial’s Fee Schedule for details.

© 2024 Robinhood. All rights reserved.