Robinhood spending account referrals ($5) | Robinhood

Robinhood spending account referrals ($5)

Send your referral link to a friend by 10.10.2023, ensure they sign up and fund their Robinhood spending account, and use your reward within 4 weeks of them funding their account.

Who's eligible?

This program is available to new customers who sign up for a Robinhood spending account through an existing customer’s referral link. Existing customers with a Robinhood spending account in good standing are eligible to send invitations through the referral program.

How do I qualify?

  • Send a friend your referral link or share it on social media
  • Your friend needs to use your referral link to open and fund their spending account
  • You’ll both unlock your reward after your friend funds their account
  • Redeem your cash back offer by making an eligible purchase with the Robinhood Cash Card

How many people can I refer?

You can send unlimited invitations—but you’ll unlock a new cash back offer for the first 5 people who sign up and fund with your referral link.

When will I get my reward?

Rewards will be unlocked after your friend funds their account. When you unlock a reward, you'll both have 4 weeks to redeem it.

Keep in mind

Your reward will expire if it isn't redeemed within 4 weeks of unlocking.

What happens if my first transaction is less than $5?

No worries! You won’t lose your referral reward if your first purchase isn’t eligible. You’ll earn $5 cash back on your next purchase that’s greater than $5.01.

What happens if I have multiple offers to redeem?

When you have multiple rewards to redeem, each reward will unlock one at a time. Once you completely redeem the first reward, your next will unlock in the order that the referral invitations were completed. You can unlock up to 5 rewards, one for each of the first 5 people who sign up and fund their account using your referral link.

Terms and Conditions

Eligibility: This offer is valid alongside, though separate from, any promotions offered by affiliates of Robinhood Money, LLC (“Robinhood Money”). This offer is valid even if other Robinhood offers have already been accepted. The offer is unavailable to referees with an existing Robinhood spending account or Cash Management account, or to residents of Puerto Rico or residents of states where Robinhood Money is not licensed as a money transmitter. Please see a list of our licenses for more information. This offer is provided on an “as-is” and “as available” basis without warranty of any kind. Robinhood reserves the right to change or restrict the offer terms, or terminate the offer, at any time without notice.

The following types of transactions aren’t eligible to receive cash back for this referral offer:

  • ATM withdrawals
  • Cash-equivalent transactions, such as cash transfers, peer-to-peer transfers, traveler checks, foreign currency, money orders, wire transfers, or gift cards
  • Lottery tickets, casino gaming chips, or similar betting transactions
  • Unauthorized or fraudulent charges

Offer Period: Your invitees must sign up by [T+28], 2023 and fund their account with at least $1 by [T+35], 2023. Cash back rewards expire if not used within 4 weeks (28 calendar days) after receipt. To find the expiration date of your cash back reward:

  1. Select Spending
  2. Select Refer friends
  3. Select the clock icon
  4. Continue to view the status of select invites
  • Completed: Reward has been granted. Select the invite to view confirmation and granted date. The reward will expire 4 weeks after the granted date.

Limitations: The offer is not transferable or saleable. This offer is valid for the first 5 new spending account users that sign up using your referral link and fund their account with at least $1, after which you will no longer be eligible to receive additional rewards. The 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. Other restrictions may apply. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business.

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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 Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Credit card products are offered by Robinhood Credit, Inc. (“RCT“) (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Securities products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. Cryptocurrencies held in RHC accounts are not covered by FDIC or SIPC protections and are not regulated by FINRA. RHY products are not subject to SIPC coverage but funds held in the Robinhood Money 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.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

© 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 Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Credit card products are offered by Robinhood Credit, Inc. (“RCT“) (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Securities products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. Cryptocurrencies held in RHC accounts are not covered by FDIC or SIPC protections and are not regulated by FINRA. RHY products are not subject to SIPC coverage but funds held in the Robinhood Money 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.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

© 2024 Robinhood. All rights reserved.