Round-up Rewards
With Round-up Rewards, you can round up your Robinhood Cash card transactions to the next dollar, and set aside the spare change to invest in your choice of stock, ETF, crypto, or brokerage cash balance to earn interest.
If you do, we’ll celebrate your investing journey by chipping in with a bonus at the end of each week. The bonus will be based on your weekly round-up amount that also gets invested alongside your round-ups. Weekly bonuses are randomized and will vary each week based on the distribution table in How much reward will I get.
After you’ve turned on round-ups and selected an investment, we’ll automatically round up completed eligible transactions to the nearest dollar, and set aside the rounded-up change in your spending account.
This amount will temporarily not be reflected in your spending balance.
The set aside round-ups will automatically be transferred to your brokerage account on Monday along with your weekly bonus and scheduled to invest on Tuesday.
Your weekly round-ups are capped at $100 per week.
If you are not yet ready to invest in a stock, ETF or crypto, you can select brokerage cash as your round-up reward option. Your weekly round-ups total will go into your brokerage cash balance and earn interest via the brokerage cash sweep program. Check out our Brokerage sweep program to learn more.
When the weekly round-ups are transferred to your brokerage account for investment, you’ll receive a bonus of 10-100% of the total value of your weekly round-ups.
However, bonuses are capped at $10 per week. You’ll be notified of your bonus amount each week and can view the bonus amount on the transaction detail page of the weekly round-up order.
The bonus percentage is randomized and varies each week per customer with an average of around 40% based on the following distribution.
| Bonus % (max $10) | 10% | 20% | 25% | 30% | 40% | 50% | 60% | 70% | 75% | 80% | 90% | 100% |
| Distribution | 10% | 15% | 16% | 17% | 18% | 3% | 3% | 2% | 2% | 2% | 2% | 10% |
NOTE: The amount and distribution of bonuses may change in the future.
The following is an example of how it works.
Make a purchase: You spend $5.25 on a cup of coffee, your purchase will be rounded up to the next dollar, resulting in an additional 75 cents being set aside in your spending account.
Earn a bonus: Let's say your rounded up change from one week of spending totaled $5. You’d earn a 10-100% bonus on your weekly round-ups, which could mean anything between 50 cents and $5. For the sake of this example, let’s say your bonus percentage was 50%— meaning you’ll be rewarded with a $2.50 bonus to add to your investment.
Invest: That week your rounded up amount of $5 plus the bonus of $2.50 totaling $7.50 would be transferred to and invested in your brokerage account.
Round-ups will be set aside in your spending account after your Robinhood Cash Card transaction is complete, typically 1-3 days after the transaction.
You’ll receive your weekly bonus when your set aside round-ups are transferred to your brokerage account from your spending account on Mondays.
Round-up orders will be scheduled to execute on Tuesdays. If your order is for a stock or ETF and the market is closed, the order will be scheduled for the next trading day.
To automatically invest your round-ups, you must also have a Robinhood Brokerage account. If you don't have one already, you’ll be prompted to open one when turning on Round-up rewards.
NOTE: When you pause, your set aside round-ups will be available in your spending account. Those round-ups will not be automatically invested and will not be included in the next bonus calculation.
You can choose to skip your scheduled round-up order after your set aside round-ups have been transferred to your brokerage account on Monday and before Tuesday 6AM ET. The round-up and bonus amount will be returned to your brokerage buying power.
No, you will not receive a bonus. When you pause, your set aside round-ups will be available in your spending account, will not be automatically invested, and will not be included in the next bonus calculation.
We’ll set aside your round-ups for your eligible transactions when they are completed and no longer pending.
Transactions that complete as a whole dollar will not be rounded up. For example, if you spend a total of $3 to buy a cup of coffee, because $3 is a whole dollar amount, there isn’t any change to round up and set aside and so the transaction won’t be rounded up.
The following types of transactions are not eligible for round-ups:
Your eligible debit card transaction might not have rounded up for a number of reasons, including:
Your round-up amount for a transaction is based on the amount when it completes. If the amount changes when the transaction completes, the round-up amount can change as well.
Your weekly round-up order may have been canceled for a number of reasons, such as:
Your weekly round-up order may have failed for a number of reasons, including:
When you receive the weekly bonus, you’ll get a notification from us, such as an email about where to view the weekly bonus amount.
Alternatively, you can:
Please consult your tax advisor for information on how participation in Round-up Rewards will impact your own tax situation. The fair market value of the bonus you receive may be reported as “Other Income” on a 1099-MISC Form, if applicable. Automatically investing your round-ups and bonus will be treated as a new purchase in the asset you choose. Any sales of the investments are reported as capital gains or losses on a 1099-B Form.
Your spending account is offered through Robinhood Money, LLC ("RHY") (NMLS ID: 1990968), a licensed money transmitter. Please see a list of our licenses for more information. Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard®. Your brokerage account is 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). Your crypto account is offered through Robinhood Crypto, LLC ("RHC") (NMLS ID: 1702840). RHF, RHY, RHC and RHS are affiliated entities and wholly-owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. Crypto held in RHC accounts are not covered by FDIC or SIPC protections and RHC is not regulated by FINRA. RHY products are not subject to SIPC coverage but funds held in the Robinhood Money spending account and Robinhood Money card account may be eligible for FDIC pass-through insurance (see the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).
Round-ups and rewards are sent from your spending account with, and are a service of, Robinhood Money. You authorize the transfer of round-ups from your spending account with Robinhood Money to your Affiliate accounts. You must separately place a recurring trade order with Robinhood Financial, LLC to invest in securities, or with Robinhood Crypto, LLC to invest in crypto through this program. For round-ups and rewards to be available to you, you need to have a brokerage account with Robinhood Financial, LLC or a Crypto Account with Robinhood Crypto LLC. All brokerage products and services are provided by Robinhood Financial. Robinhood Crypto, LLC provides crypto trading pursuant to applicable state money transmission and virtual currency licenses.