Earn rewards when you learn about the benefits of long-term investing, open, or fund an IRA (individual retirement account) at Robinhood. Learn more about traditional and Roth IRAs at Robinhood in IRA overview.

There are 2 types of Robinhood retirement Learn and Earn lessons—both of which cover IRAs and long-term investing. To receive your IRA Learn and Earn reward, first read a quick lesson about IRAs and long-term investing. After completing the lesson, successfully open an IRA account, or make your first contribution to the IRA you already have at Robinhood and the reward will automatically be deposited into your individual investing account.

Am I eligible?

The IRA Learn and Earn feature isn't available to all customers.

You may not be eligible for rewards if:

• You have any restrictions on your accounts
• The reward is no longer available
• You have not completed your tax certification, or certified with a W-8

How much can I earn?

For a limited time only, (and while rewards are available) you may earn $1 or $5 when you make your first contribution to your IRA. The reward amount will vary.

When will I receive my reward, and in which account?

You’ll typically see the reward deposited within 5 business days. The reward will be deposited into your individual investing account, not your IRA.

How is the reward money treated for tax reporting purposes?

The reward money is deposited into your individual investing account, and may be reported on applicable 1099 forms where required by rules and regulations.

You must have compensation (wage income) in order to contribute to an IRA. Funds being contributed into or distributed from retirement accounts may entail tax consequences. Contributions are limited and withdrawals before age 59 1/2 may be subject to a penalty tax. Robinhood does not provide tax advice; please consult with a tax adviser if you have questions.

The Robinhood IRA is available to any of our U.S. customers with a Robinhood investing account in good standing. Note, if you have a B-Notice, you won’t be able to open an IRA until your account restrictions are lifted.

Robinhood Financial LLC (“Robinhood”) Learn and Earn IRA offer is subject to these Terms & Conditions.

Eligibility. The Learn and Earn IRA Offer is only valid for Robinhood customers in good standing who Robinhood specifically contacts to notify them about this Offer. This Offer is not available to the general public, and anyone who does not meet the conditions in this paragraph is not eligible for this Offer. Eligible customers must have no restrictions on their Robinhood account(s), and are required to certify that the customer can legally contribute to a US IRA and is a US resident. Robinhood may decline requests to enroll in the Offer without notice and at its sole discretion.

Offer. For eligible customers, Robinhood will provide the amount of dollars specifically communicated to the customer, which may be up to $5, to the customer’s individual investing account if the customer, within 14 days of receiving this communication from Robinhood, both (1) successfully completes the Learn and Earn educational module, and (2) either successfully opens a Robinhood IRA or funds their existing Robinhood IRA within 14 days of completing the Learn and Earn educational module.

Limitations. Rewards will be credited only if customers satisfy all eligibility criteria. 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 Offer, Robinhood reserves the right to either decline to grant the reward, or to rescind or liquidate the stock or any related dollar proceeds derived from the reward. Limit 1 offer per qualified customer. Cash reward will be credited to the customer’s individual investing account within approximately 1 week after the reward is claimed, though this timeline may be delayed in Robinhood’s sole discretion. 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 US 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. 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 cash before enrolling. The reward may be subject to 1099-MISC reporting as other income.