Update 8/27/25: Offer is back for HOOD month, valid 8/26-9/15. There’s also an increased offer for 3% bonus if you include a margin balance of $100,000 or more with an eligible asset transfer.
The Offer
- Robinhood is offering their Gold members a 2% unlimited bonus on brokerages funds transferred (via ACATS) from another brokerage into Robinhood. The funds then need to remain with Robinhood for 5 years in order for you to keep the bonus.
You need first signup for Robinhood Gold and then keep it for one year in order to do this bonus; that costs $50.
The Fine Print
- Valid March 14 – March 31, 2025.
- The bonus funds post to Robinhood account immediately after the transfer settles.
- Market movements don’t impact your bonus, only withdrawals or asset transfers out would cause a bonus removal.
- For any full or partial account transfer into Robinhood that’s $7,500 or more, Robinhood will reimburse the transfer fees your other brokerage may charge, up to $75 per account type, per brokerage. Contact Robinhood to request a reimbursement.
- You’ll get a form 1099-MISC for the bonus.
Our Verdict
We’ve seen a 1% brokerage transfer bonus from Robinhood with a 2 year hold period, and now they are offering Gold members a 2% bonus with a 5 year hold period. Obviously the 5 year hold period isn’t great for someone who likes chasing brokerage bonus or who isn’t comfortable with Robinhood for the long term. Personally, if I hadn’t done the 1% deal, I’d consider doing this deal and locking up the investments for 5 years.
Hat tip to reader calwatch
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Chuck
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