Update 8/17/22: Last day
The Offer
- Get $600 when you sign up with Robinhood, get approved, and make a qualifying deposit (see deposit tiers, below). Qualifying deposits must be made by September 16, 2022 and kept through October 16th.
- You’ll also get a free stock worth between $5 – $200 (most are like $5 or $10).
- Get additional $45-$52 bonus with Swagbucks or MyPoints.
Deposit tiers:
- $25 for depositing $1,000 – $9,999
- $100 for depositing $10,000 – $49,999
- $300 for depositing $50,000 – $99,999
- $600 for depositing $100,000+
The Fine Print
- 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.
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Your cash reward will expire if it isn’t claimed within 30 days.
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This promotion is only available to new customers who sign up for Robinhood through the promotion page.
- 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.
Our Verdict
Seems to be a public offer. The standard offer is a free stock worth $5-$200 upon signup or a little better when you signup via Swagbucks. This new offer adds the additional deposit component of up to $600. I don’t recall ever seeing a Robinhood deposit bonus before.
Overall the tiers are pretty good when compared to other brokerage bonuses. More importantly, you just need to keep the funds with Robinhood for just over a month to qualify; most brokerage bonuses require 6 months or a year. This might make sense just as a straight-up bonus play, even using cash funds, though given the current high interest environment it gets tougher to justify if leaving the funds literally in cash.
We’ll add this to our list of Best Brokerage Bonuses.
Hat tip to reader Jonny
New bonus up to $1000. I think it is not public.
You can earn cash when you make a deposit by February 21.
You’ll earn:
$25 when you deposit $1,000+
$250 when you deposit $10,000+
$1,000 when you deposit $50,000+
To get rewarded, you need to deposit $1,000+ into your account. You’ll earn cash by April 25 when you hold or invest your deposit through April 18. See full terms and conditions.
https://robinhood.com/us/en/support/articles/welcome-back-bonus-2/
Nice deal. I wonder how widely it was sent out.
I was just paid out on this. It was a reward I had to claim after meeting the time requirement. $1k.
For most ppl who got their bonus, have you withdrawn the money? Where do you stash it next? TIA!
This is fraud! Before opening the account and transferring money, Robinhood confirmed I was eligible for the $600 bonus, and said they had attached the promo to my account. I called them on Nov 21 because no bonus yet, and they now said I didnt qualify for the bonus and the previous reps had given me wrong information which they can view in their notes. As a goodwill gesture, they offered $100?! What a scam?! I had followed terms and conditions to the T and confirmed with multiple reps before going thru this mess! I declined the $100 and asked them to escalate or I would complain to financial bureaus
Is anyone else still going through Support trying to get this bonus paid out? It’s so frustrating, the reps are useless. Are there any magic words to get this escalated? They keep saying the “internal team” is reviewing and there is no time frame for the issue to be fixed. Wish I could have my time and effort back and skipped this headache.
Yeah, they are a big mess
Got the bonus. But, tried to withdrawal the bonus money and it says $0 funds to withdrawl, even though they bonus money is sitting in cash the cash deposits. I already withdrew my initial deposit. Maybe it takes a few days to withdrawl new money in the deposit account?
“Once claimed, you can use it to invest right away, but you can’t withdraw the cash value for 30 days.”
I read this too…went over my head. Thank you
P2 but not P1 got the bonus even though we did everything identically.
I contacted RH and all they could do was to try to escalate…
p.s. I have received a lot of conflicting info from RH and every time I respond to a previous E-mail it starts all over from the beginning again… They have extremely poor support. Worse than most. I would never use them for investing.
I am in the same boat with you… P2 got automatically, nothing for me. Just spent ~35min in the support chat, they agreed to open a ticket and promised I would hear more in 1-2 business days via email. Not loving the Robinhood experience but the $600 + 3% while i wait isn’t too shabby assuming they make good on their end. Probably be moving it all out and onto the next adventure soon.
update: the $600 bonus showed up today after messaging support team yesterday.
Can we withdraw the 100k deposit now?
Got my reward.
Please check your apps carefully m.
It can get buried under the many cards they display within the app.
Thanks! Got mine too. Didn’t receive any notifications.
For those who have double-dipped using Swagbucks link, were you able to receive the bonus both on Robinhood and Swagbucks?
Yes
EK
Mine posted
Mine posted a few minutes ago. I received a notification from the app on my phone when it came in. Opening the notification and signing in to the app were all I needed to do to claim the bonus.
Nothing for me 🙁