Robinhood New Account Deposit Bonus (Up to $600)

August 15, 2022 By Jonathan Ping 6 Comments
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Robinhood brokerage app has up to a $600 bonus for new customers that deposit a certain amount of money. Here are the highlights:

  • New customers must sign up for Robinhood using the promotion page and get approved by August 17, 2022.
  • Link your bank account to your Robinhood brokerage account. (ACAT transfers also count.)
  • Deposit money into your account by September 16, 2022 and keep deposits in your account through October 16, 2022 to earn up to $600. You can earn $25 for depositing $1,000 – $9,999, $100 for $10,000 – $49,999, $300 for $50,000 – $99,999, or $600 for $100,000+.
  • 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.

See full terms.

This is a pretty good reward (if you have the cash) due to the short required holding period of just one month, plus the bonus is supposed to post within 5 days after the month is over.

Filed Under: Deals & Offers, Investing
Last updated: August 15, 2022
My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

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Comments

  1. Ken says
    August 16, 2022 at 6:14 am

    Are you seriously promoting this garbage company? Screwing your readers for some commission?

    Reply
    • Jonathan Ping says
      August 16, 2022 at 5:08 pm

      I receive zero commission for this offer 🙄, I just found it to be a good deal for parking your money for a month. I never said to make them your primary broker.

      What makes Robinhood worse than other brokerage firms beyond the poor customer service? Lots of brokers accept payment for order flow.

      Reply
  2. John says
    August 16, 2022 at 7:03 am

    In the current 2022, Rising Interest Rate Environment, Analysis of Liquid Rate/Term vs CD Rate/Term. What analytical tools are available to choose best yield given a liquid/MM/savings/rate/term versus CD rate/term.

    Reply
  3. Vinay says
    August 16, 2022 at 12:24 pm

    Thank you for this post. Any suggestions for keeping this money for a couple of months, besides Ultra short term bond ETF?

    Reply
  4. Steve says
    October 28, 2022 at 2:40 pm

    I followed their terms and deposited enough for the full amount of bonus. They have not paid it out and their support sucks – each email is like starting over again with a new, useless rep. I don’t have high hopes of getting the $600 and wish, in hindsight, I would have avoided this deal. I won’t use them in the future for anything.

    If you got the bonus, consider yourself lucky!

    Reply

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