Robinhood Gold cash reward | Robinhood

Robinhood Gold cash reward

Who's eligible for the cash reward?

Only direct recipients of the original promotional offer from Robinhood are eligible for this limited-time offer (not available to the general public). This offer is only available in taxable individual or joint investing brokerage accounts of qualified Robinhood customers who subscribe to Robinhood Gold ($5 per month) prior to making an eligible deposit.

How do I qualify?

To earn the $20 cash reward, you must become a Robinhood Gold subscriber. Then as a Robinhood Gold subscriber, you must make a single successful deposit of at least $50 between September 12, 2024 at 12 AM PT and September 26, 2024 at 11:59 PM PT. Additionally, you must maintain your Robinhood Gold subscription through October 26, 2024.

When will I get my reward?

If you're eligible for a cash reward, it will be delivered to your account by October 26, 2024. We'll send you a notification when you can claim your cash!

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 an additional 30 days.

Taxes

The funds you receive through the cash reward promotion will be reported as Other 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, consult with your tax professional.

Terms and conditions

The Robinhood Gold cash reward offer is subject to these terms and conditions.

Eligibility: The Robinhood Gold cash reward offer is valid only for customers who: (1) directly receive an email, push, or in-app communication about the offer; (2) enroll in Robinhood Gold and make a single successful deposit of at least $50 from an external deposit account into their Robinhood taxable individual or joint investing brokerage accounts between September 12, 2024 at 12 AM PT and September 26, 2024 at 11:59 PM PT; and (3) maintain a Robinhood Gold subscription through October 26, 2024. This offer is not available to the general public. Robinhood may decline requests to enroll in the offer at its discretion.

Offer: Customers who meet the eligibility criteria of this offer and make a single successful deposit of at least $50 to their Robinhood taxable individual or joint investing brokerage account between September 12, 2024 at 12 AM PT and September 26, 2024 at 11:59 PM PT will receive a $20 cash reward. The cash reward, calculated based on the Robinhood communication to the customer, will be available for the customer to claim on October 26, 2024.

Cash reward: The cash reward must be explicitly claimed by the customer. If the cash reward 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 account for an additional 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.

Qualifying deposits: A qualifying deposit must be a single deposit from an external account in an amount equaling or exceeding $50. Multiple deposits cannot be combined to satisfy the terms of this offer. Deposits into retirement, cryptocurrency, spending, or any other types of Robinhood accounts not designated in this offer are not eligible deposits for purposes of this offer. Deposits from retirement, cryptocurrency, spending, or any other type of Robinhood account and transfers between joint and individual brokerage accounts are not eligible deposits for purposes of this offer.

Limitations: Limit one offer per qualified funding of the account, with a maximum of one account per customer. Customers who close their account within 30 days of claiming the cash reward will forfeit the cash reward. 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 US 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 doesn’t provide investment advice and doesn’t 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 doesn’t take responsibility for any tax related to this cash reward.

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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 an account with 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. Please review a list of RHC's licenses for more information. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected.

The Robinhood spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Please review a list of our licenses for more information.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Robinhood Gold Card is subject to credit approval and underwriting. Robinhood Gold Card is offered by Robinhood Credit, Inc., and is issued by Coastal Community Bank, pursuant to a license from Visa U.S.A. Inc. Robinhood Credit, Inc. (“RCT”), is a financial technology company, not a bank.

Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC (“RHG”).

RHF, RHY, RHC, RCT, RHG, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, RHG, and RHS are not banks. Investing products offered by RHF are not FDIC insured and involve risk, including possible loss of principal.

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.

The risk of loss in trading futures can be substantial. Carefully consider if it’s appropriate for you in light of your financial circumstances. Please read the Futures Risk Disclosure Statement prior to trading futures products. Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC) and are not Federal Deposit Insurance Corporation (FDIC) insured. Prior to trading virtual currency Futures products, please review the NFA Investor Advisory & CFTC Advisory providing more information on these potentially significant risks. Futures trading and options on futures trading are offered by Robinhood Derivatives, LLC (“RHD”), a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC) and Member of National Futures Association (NFA) (NFA ID 0424278).

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Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.
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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 an account with 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. Please review a list of RHC's licenses for more information. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected.

The Robinhood spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Please review a list of our licenses for more information.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Robinhood Gold Card is subject to credit approval and underwriting. Robinhood Gold Card is offered by Robinhood Credit, Inc., and is issued by Coastal Community Bank, pursuant to a license from Visa U.S.A. Inc. Robinhood Credit, Inc. (“RCT”), is a financial technology company, not a bank.

Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC (“RHG”).

RHF, RHY, RHC, RCT, RHG, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, RHG, and RHS are not banks. Investing products offered by RHF are not FDIC insured and involve risk, including possible loss of principal.

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.

The risk of loss in trading futures can be substantial. Carefully consider if it’s appropriate for you in light of your financial circumstances. Please read the Futures Risk Disclosure Statement prior to trading futures products. Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC) and are not Federal Deposit Insurance Corporation (FDIC) insured. Prior to trading virtual currency Futures products, please review the NFA Investor Advisory & CFTC Advisory providing more information on these potentially significant risks. Futures trading and options on futures trading are offered by Robinhood Derivatives, LLC (“RHD”), a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC) and Member of National Futures Association (NFA) (NFA ID 0424278).

RO 3924940

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.