The Offer
- Robinhood is offering a transfer bonus of up to $800. The bonus you receive depends on the amount you transfer by July 11, 2022 and maintain (minus any losses) until August 1, 2022. Tiers are as follows:
- $50 cash for transferring $3,000 – $9,999 worth of assets
- $100 for $10,000 – $49,999
- $200 for $50,000 – $99,999
- $300 for $100,000 – $199,999
- $800 for $200,000+
The Fine Print
- To earn this reward you need to transfer a minimum of $3,000 from eligible accounts into Robinhood between June 21, 2022 – July 11, 2022.
- Then, by August 1, 2022, your net deposits (including your qualifying transfer amount), must be at least equal to the qualifying transfer amount—exclusive of losses due to trading or market volatility
Our Verdict
They will also cover up to $75 in transfer fees if you contact them. In terms of brokerage bonuses this is a good option as the holding period is very short and existing assets work fine.
Hat tip to Maybe Frugal
