Update 8/26/26: Available again. Hat tip to reader calwatch
Update 1/9/25: Offer is back from 1/8/25 through 4/30/25 for 2% instead of the standard 1%. (Note: In the past we’ve seen this go as high as 3%) New contributions are still 3%; transfers are 2%.
The Offer
- Robinhood is offering a 3% IRA and 401(k) rollover bonus. Valid until April 30, 2024.
The Fine Print
- 3% match requires Robinhood Gold (subscription fee applies).
- Keep Gold for 1 year and the IRA for 5 years
Our Verdict
This is different to the 3% contribution match available for Robinhood gold members. This offer also requires Robinhood gold. IRA must be kept for five years. We’ll add these to our List of Best Brokerage Bonuses.
Anyone rolled over an old 401k that has pretax and aftertax contributions to robinhood?
Need to be split to ira and roth so does the bonus count both accounts?
Contemplating jumping on this or waiting for 3% to possibly come back.
I think this may be as good as it gets for a while.
They’ve run the 3% match only twice: Jan-Apr 2024, and 1 week in Oct 2024 for “Hood week”.
They’re calling the current promo “Hood month” and promised 3 “drops” leading up to a live event.
Aug 19: 5k Gold Bars giveaway
Aug 26: 2% match promo
Sep 2: ???
Very doubtful that the last drop is a 3% match. I’m gonna guess it’s something to do with crypto or their credit card.
Lack of mutual funds at RH makes this a no go for me
Why mutual funds over etf?
Could someone explain the flow? So, to use round numbers, If I transfer a one million dollar IRA to Robinhood (and sign up for $50/yr Gold), they give you a $30,000 transfer bonus? Really? Does the bonus post as interest within the newly transferred IRA, or is it deposited into a non-retirement account? And how long after the transfer does the bonus post?
The 3% offer involves a margin balance which I’m not interest in–so the 2% offer, with a $20,000 bonus in the scenario above, is what I’d like to know about.
It is posted straight in the account like interest and is tradable immediately. I had transferred from Merrill in January 2024 and had the bonus post in five days.
Yes, you receive the % match upfront in the same account. Can do this in both Roth & Traditional. Be aware they charge a $100 partial ACATS when you want to move money back out.
Strongly advise against dealing with Rh.
To login, it requires giving away your external bank info.to get money out, requires you to load your Dl.
None of the competition requires going through these step to gain access to your account/ money.
It is also a major pita to get phone support.
Opening an account w them was a major mistake!
Every broker has the right to request your ID under KYC, and many of them do. If you signed up at a new broker (or bank, or credit union) recently, this is typical.
Huh? Many financial institutions require ID such as drivers license or passport. It’s how they comply with Federal Know Your Customer requirements https://en.m.wikipedia.org/wiki/Know_your_customer
As for your bank information, how are they supposed to transfer money in or out without it?
I can’t speak about phone support since I’ve never needed it.
I transferred in an IRA last year and REGRET it. Uninvested cash receive no interest at RH, while my other IRA, like at Fidelity (4.03%) do. I tend to keep 30% uninvested to be able to take advantage of opportunities as they arise.
buy a short dated treasury ETF like SGOV for your overnight interest instead of holding cash. Robinhood offers margining such that even SGOV same day sales can be traded when opportunities arise.
Yes, Fidelity is seamless, but it’s not much more difficult to by a ST Treasury fund like SGOV, especially if you tend to keep cash for extended time. Would not work very well if you flip this money frequently, but then uninvested cash would probably not be a big deal.
Fidelity is exceptional in their auto sweep being solid return relative to tbills and Fed rate. The norm is to NOT have good sweep options.
For those wondering, you get phone support via chat: asking the bot to talk to a human>request call back (or chat support).
Robinhood tries to automate as much as it can. No surprise.
This bonus is back. https://robinhood.com/us/en/support/articles/account-transfer-aug-2025-bonus/
Cheers, thanks
calwatch
5 year hold is a bit long, but I do like that they credit the bonus immediately
I did the 3% new contribution (2023+2024) match in Jan 2024 and stopped paying Robinhood Gold membership after 1 year. It doesn’t look like the 3% match has an expiration date, so it’ll make more sense if I wait again until Jan 2026 to contribute 2025+2026 with the 3% match, assuming they still offer this deal which I think is safe.
I am wondering a few things:
1) Even though I did this offer previously and discontinued RH Gold, there doesn’t seem to be any issues of me signing back for RH Gold and getting the 3% match again for the same IRA account?
2) I will have two separate 5-year holds for my first contribution (Jan 2024) and second cotribution (Jan 2026) right? Or does my 5-year clock completely restart?
> “so it’ll make more sense if I wait again until Jan 2026 to contribute 2025+2026 with the 3% match”
To avoid paying for an extra year of gold, this makes sense. However, you should also do the math to see whether it makes sense to miss out on a year of tax-free compounding gains. You’re also betting that the bonus will still exist in the future (which seems reasonable at this point, but I can’t imagine RH will continue it indefinitely).
1) I don’t see any issues. You just need to maintain gold for at least one year following the deposit.
2) Holds for different deposits are separate and additive. If you make one deposit in Jan 2024, the hold expires in Jan 2029. If you make a deposit in Jan 2026, that hold expires in Jan 2031. Your minimum account balance after any withdrawals must be the sum of all active holds.
I have a notification and offer today-
“get up to a 2% Bonus when you transfer in an account by July 7
-1% boost on any brokerage transfer
Transfer any individual or joint account to a self-directed account, and earn an unlimited 1% boost.
-2% match on retirement account transfers
Transfer an IRA or roll over an old 401(k) to a self-directed
IRA, and we’ll add an unlimited 2% boost when you sign up for a Robinhood Gold subscription ($5.00/month).
-Get reimbursed for your transfer
We’ll reimburse up to $75 in fees with a minimum $7,500
account transfer.”
I guess I wonder if this is somehow a 1% + 2% for IRA transfer/rollover?
No. It is 2% for IRA OR 1% for non-IRA.
Transferred my $2.5 million P1 and P2 IRAs over. Almost $45k bonus.
My review so far: transfer process was the easiest most seamless ever after having done a dozen or so of these to various places. Transfer was quick without any further actions from me. After a week or so, RH even swept some lingering proceeds from sale of fractional shares of 1 ETF that wouldn’t transfer the fractional shares.
Robinhood interface is okay. Kind of like a kiddie version of a real brokerage firm but perfectly fine for long term buy and hold investors (which you should be!). Placing trades often would be annoying. Several features are only available in the app which is great if you’re a 19 yr old managing your $500 invested from your min wage paycheck. Not as much fun if you are trying to do actual real trades. For example you cannot edit and replace an order on the web interface, gotta do it in the app.
Very happy overall ($45k free money lol) but the dumbed down web functionality makes me scratch my head and leaves me with the impression that Robinhood is an unserious brokerage platform for “real” investors.
Hey Justin, RH offers RH-Legend. This is on par with ThinkOrSwim and offer Tradingview type looks. Find the button on the webbrowser and thank me later.
I keep seeing an “up to $1,700 in stock” offer for RH in Yahoo! Mail. But, the link just takes you to a page where you enter your info. Any idea what’s required to get the bonus?