New Customer Cash Reward
Sign up and get approved by August 17, 2022, make qualifying deposits by September 16, 2022, and hold deposits in your account through October 16, 2022 to earn your reward.
This promotion is only available to new customers who sign up for Robinhood through the promotion page.
If eligible and qualified, you can earn up to $600 depending on your net deposits in your Robinhood account through October 16, 2022. You can earn:
Take the total of your settled deposits between July 19, 2022 and September 16, 2022 , and subtract any settled withdrawals or canceled deposits between July 19, 2022 and October 16, 2022.
Deposits include, but are not limited to, debit card transactions into a your brokerage account, originated and non-originated ACH and ACATS.
Withdrawals include, but are not limited to, debit card transactions from your brokerage account, originated and non-originated ACH, and ACATS. However, a withdrawal shall not include the purchase of an investment option, such as a stock, on Robinhood’s or Robinhood’s affiliates’ platforms.
Rewards will be delivered by October 21, 2022. If you receive a reward, you'll have 30 days to claim it. Once claimed, you can use it to invest right away, but you can't withdraw the cash value for 30 days.
Your cash reward will expire if it isn’t claimed within 30 days.
The funds you receive through the deposit match program will be reported as miscellaneous income in your 1099-MISC form. Because of IRS minimum earnings requirements, you may not receive a 1099-MISC form if your deposit-matched funds and any other funds (i.e., 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, we recommend speaking with a tax professional.
The Robinhood Financial LLC (Robinhood) New Customer Cash Reward promotion is subject to these terms and conditions.
Eligibility. This promotion is only available to those who sign up for Robinhood using the promotion page and get approved between July 19, 2022 and August 17, 2022, fund their account with a qualifying amount by September 16, 2022, and hold the qualifying deposit amount in their account through October 16, 2022. The offer is only valid for selected individuals who have not completed their Robinhood Financial LLC or Robinhood account application and who fulfill the conditions in the promotion. Individuals must sign up through the promotion page, get approved for a Robinhood Financial LLC brokerage account and link their bank account within the Offer Period to be eligible. Robinhood may decline requests to enroll in the offer at its discretion.
Offer Period. This Offer is available starting on July 19, 2022 at 11:00:00 AM PT and ends on August 17, 2022 at 11:59:59 PM PT (“Offer Period”).
Offer. Net deposits are the total amount of all settled deposits from July 19, 2022 at 11:00:00 AM AM PT through September 16, 2022 at 11:59:59 PM PT minus all settled withdrawals or canceled deposits from July 19, 2022 at 11:00:00 AM PT through October 16, 2022 at 11:59:59 PM PT. This means that a customer must deposit any qualifying funds before September 16, 2022 and keep the qualifying deposit amount in their account through October 16, 2022 to be eligible for this promotion. A cash reward will be automatically deposited to the customer's Robinhood account by October 21, 2022 if they meet the eligibility criteria.
Deposits meeting this eligibility criteria will be rewarded based on the following table:
Limitations. Limit one offer per qualified funding of the account. The reward must be explicitly claimed by the user. If the reward is not claimed within 30 days of the reward being received, the reward will expire. Robinhood reserves the right to liquidate or rescind the cash proceeds if it’s determined in its sole discretion that there is fraud or a violation of these Terms and Conditions in connection with the Deposit Reward Offer or the customer’s activity related to the 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 U.S. 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 program does not constitute a solicitation of a security or a recommendation to buy, sell, or hold any given security. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. The Offer is only available for personal use, and may not be used for commercial purposes.
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 does not take responsibility for any tax related to this cash reward.