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 app.
As soon as your friend signs up, gets approved, and links their bank account, you’ll both receive gift stock. Keep in mind: You can receive up to $500 in gift stocks each calendar year, so feel free to spread the word.
To check if you are eligible for this promotion, follow these steps directly from the app on your mobile device:
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 are able to pick the stock yourself from a list of 18 of America’s leading 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.
Once your gift stock is ready, we’ll send you a notification prompting you to claim your reward. If you don’t tap on the notification, you can claim your gift stock by navigating to the Rewards tab or icon on the home page and clicking on “Past” to see previously-granted rewards. If you don’t pick your gift stock within 7 days, we will randomly assign your reward amount to one of the 18 companies on the list to you.
You have 7 days to select your stock before one is credited to you.
Follow these steps to refer your friends directly from the app.
The cash value you receive could be anywhere between $5 and $200. Keep in mind that approximately 98% of the participants will receive a gift stock having a value from $5 to $10. You can use this reward to claim a fractional share of a stock!
Your invitees will need to successfully sign up, get approved, and link their bank account in order to be credited.
You’re allowed to sell your gift stock three trading days after you claim it. Once you’ve sold it, you are 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. For example, if you receive $10 worth of stock and proceed to sell the share you pick, you won’t be able to withdraw that $10 until 30 days have passed.
You can receive up to $500 in stocks per year through this program, and the price of the stock you receive will be listed in your Statements & History. You will stop receiving gift stock after you meet your $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.
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.
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.
Check out other commonly-asked questions on the Robinhood Referrals Program here.
Robinhood Financial LLC (“Robinhood”) fractional stock reward offer is subject to these Terms & Conditions.
Eligibility. The Fractional Stock Reward Offer is only valid for two groups: (1) 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 to their Robinhood brokerage account, and are Robinhood customers in good standing, and (2) existing qualifying brokerage clients of Robinhood who successfully refer a new customer that is not a current or past client of Robinhood or its affiliates, and that customer applies for and is approved for a Robinhood brokerage account, links their bank to their Robinhood brokerage account, and is a Robinhood customer in good standing. Anyone who does not meet the conditions in this paragraph is not eligible for this Offer. Robinhood may decline requests to enroll in the offer at its 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 stocks that Robinhood makes available through this program. The 18 stocks that are available to choose from are selected by choosing the two largest S&P 500 companies within the top 9 sectors based on market cap per 08/05/2021 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 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 98% of participants will receive a cash value of $5-$10; approximately 1% of participants will receive a cash value of $10-$20; and approximately 1% of participants will receive a cash value of $20-$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 a price between the National Best Bid and Offer (“NBBO”) at the time of the reward being claimed for claims made during market hours, or, for such claims made during extended hours trading (9:00-9:30 a.m. and 4:00-6:00 p.m. Eastern), Robinhood will endeavor to price such claims between the best bid and offer at the time of the claim, as reported by an external vendor. For prices of shares outside of market or extended hours, Robinhood will price these between the best bid and offer as of the last extended hours time prior to the reward being claimed.
Limitations. Rewards will be credited only if the referred Robinhood account is approved and the reward is claimed within 7 days through the Robinhood platform. Customers have 7 days to select their stock or Robinhood will assign a stock for them. The selection of stock is random and is not individually tailored to the customer’s circumstances. 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. Robinhood reserves the right to either decline to grant the fractional stock reward, or to rescind or liquidate 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. 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.
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 Robinhood Customer Agreement related to fractional shares. 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.