Deposit money, get a welcome back bonus | Robinhood

Deposit money, get a welcome back bonus

We'd like to welcome you back to Robinhood with a cash reward when you make a deposit.

Here’s the breakdown of what you can earn:

  • $25 when you deposit $1,000+
  • $250 when you deposit $10,000+
  • $1,000 when you deposit $50,000+

FAQ

When do I get my reward?

You can earn cash by April 25, 2023, as long as you hold or invest your deposit in your Robinhood account through April 18, 2023. Withdrawing money throughout the offer period could lower your cash reward, or make you ineligible for one.

Example
  • If you deposit $1,000 and withdraw $500 before April 18, 2023, you won’t be eligible for your $25 reward.
  • If you deposit $15,000 and withdraw $10,000 before April 18, 2023, your reward will be reduced from $250 to $25.
How do I calculate my net deposits?

Take the total of your initiated deposits and subtract any initiated withdrawals (or canceled deposits) between January 12, 2023 and April 18, 2023.

What’s considered a deposit?

You can make a one-time deposit from your bank account, multiple deposits, or transfer your cash from another brokerage account into your Robinhood brokerage account.

What’s considered a withdrawal?

A one-time withdrawal, multiple withdrawals, or a transfer of your cash from your Robinhood brokerage account to another brokerage or a bank.

Can I break up my deposit into smaller amounts?

Yes, you can make a one-time deposit of $1,000+ or multiple smaller ones.

What if I invest $1,000+ and the asset value drops below $1,000?

You would still qualify for the reward as long as you deposited at least $1,000 in cash during the promo period and didn’t withdraw it before April 18, 2023.

Robinhood Deposit Reward Offer Terms and Conditions

The Robinhood Financial LLC (Robinhood) cash reward promotion is subject to the following terms and conditions.

Eligibility: The Robinhood cash reward promotion is valid only for Robinhood customers who Robinhood directly contacts about the offer, who successfully funded their Robinhood brokerage account with at least $1,000 between January 12 through February 21, 2023, and maintained their funds in their Robinhood account through at least April 18, 2023. This offer is not available to the general public. Robinhood may decline requests to enroll in the offer at its discretion.

Offer: The Offer Period is January 12 - February 21, 2023.

Eligible Recipients will receive the corresponding cash reward listed below based on their Net Deposits during the Offer Period. Net Deposits are the total amount of all initiated deposits to the customer’s taxable brokerage account (i.e., non-retirement) from January 12 through February 21, 2023, subtracted by any withdrawals or canceled deposits through April 18, 2023.

  • $25 for net deposit of $1,000 - $9,999.99
  • $250 for $10,000 - $49,999.99
  • $1,000 for $50,000+

Withdrawals include, but are not limited to, a debit card transaction from a customer’s 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.

Corresponding cash rewards will be available to claim by April 25, 2023.

Limitations: Limit one offer per qualified funding of the account, with a maximum of one account per customer. The cash value must be explicitly claimed by the user. If the 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 Financial account for 30 days after the reward is claimed. 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. 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 promotion does not constitute a solicitation of a security or a recommendation to buy, sell, or hold any given security, or engage in any investment strategy. 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 does not take responsibility for any tax related to this cash reward.

Brokerage products and services are offered through Robinhood Financial LLC (Member SIPC), a registered broker-dealer, and a subsidiary of Robinhood Markets, Inc.

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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.