Open account, pick your stocks
Before you can get your first 2 gift stocks, you’ll need to sign up for a Robinhood account. Certain limitations apply.
After you’re approved and have linked your bank account or debit card, you’ll earn a specified dollar amount and can pick your reward stocks from a list of top S&P 500 companies.
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.
You’ll need to successfully sign up, get approved, and link your bank or debit card within 14 days to get the reward. Check out Link your accounts for more details.
The cash value you receive for each share could be anywhere between $3 and $100. Keep in mind, approximately 99% of participants will get fractional shares worth $3.
You’re allowed to sell your gift stocks 3 trading days after you claim it. Once you’ve sold the stock, you’re free to use the proceeds from the sale toward other investments.
If you want to withdraw the proceeds, 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.
If you receive $10 worth of stock, and then sell it, you can’t withdraw that $10 until 30 days have passed.
Robinhood Financial LLC (“Robinhood”) fractional stock reward offer is subject to the following terms and conditions.
Eligibility: The Fractional Stock Reward Offer is only valid for 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 of being approved for the Robinhood brokerage account, and are Robinhood customers in good standing (“Eligible New Customer”). 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 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 must be spent on stocks available in this program is between $3 and $100. Approximately 99% of participants will receive a cash value of $3; approximately 0.9% of participants will receive a cash value of $20; and approximately 0.1% of participants will receive a cash value of $100. 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 change the offer terms or terminate the offer at any time without notice. The offer isn’t 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 aren’t 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 isn’t a recommendation or solicitation that customers buy, hold, or sell any investment or investment strategy, and any such stock is a visual representation of what customers 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 a tax professional 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.