Robinhood New Account Deposit Bonus (Up to $600)

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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.

My Money Blog has partnered with CardRatings and Credit-Land for selected credit cards, and may receive a commission from card issuers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned. MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.

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Comments

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

    • 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.

  2. 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.

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

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