The Offer
- Rakuten is offering $50/5,000 points for signing up for a new Robinhood account.
- You’ll also get a free stock from Robinhood worth between $3 – $150, as per the usual Robinhood signup offer.
The Fine Print
- Cash Back is only available for new customers, one per person.
- Customer must fund a minimum of $100.00 on a new Invest account to qualify.
- Cash Back will be automatically added to your Rakuten account within one week.
Our Verdict
This deal won’t work for many people who already have a Robinhood account, and should be a nice easy win for those who don’t. We’ve never seen a better signup bonus for a simple Robinhood signup. It will possibly work even for those who had a Robinhood account in the past and have closed it down.
If you’re doing this just for the bonus and want to avoid having to deal with additional tax forms, simply deposit $100 without investing it and withdraw the funds (and close the account if you wish) after the $50 Rakuten posts.
If you are new to Rakuten, you can find our referral link in this post. The current signup offer is down to $30/3,000 (down from the high of $40 in the past). We’ll add this to our list of Best Brokerage Bonuses.
Hat tip to reader Manny
Chuck
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