Robinhood 1% Bonus For IRA Transfers & 401k Rollovers (Unlimited Bonus)

Update 1/21/24: They now offer this IRA/401k transfer bonus at a higher 3% for Robinhood Gold.

The Offer

Direct Link to offer

• Robinhood is offering a 1% bonus on all IRA transfers and 401(k) rollovers. Unlimited bonus. Must hold investment with Robinhood for five years.

Our Verdict

This offer is separate from the Robinhood offer for a 1% match on IRA contributions – that offer maxes out with the federal max on contributions which is currently $6,500/$7,500. That offer also offers a increased bonus of 3% for Robinhood Gold members.

The subject of this post is separate 1% match which is unlimited for IRA transfers and 401(k) rollovers. For example, if you have $1M in IRA/401k, you can transfer it to Robinhood and get a $10,000 bonus. (This offer is the same 1% for all Robinhood members, with or without Gold status.)

There’s also another Robinhood deal which offers a 1% bonus for brokerage transfers.

To recap, there are three separate Robinhood deals currently:

1. 1% bonus for IRA/401(k) transfers and rollovers with no limit; this has a five-year hold period. Robinhood Gold members get 3%, currently.
2. 1% bonus for  IRA contributions, or 3% for Robinhood Gold members; this has a five-year hold period.
3. 1% bonus for brokerage transfers with no limit; this has a two-year hold period

We’ll add these to our List of Best Brokerage Bonuses.

Hat tip to reader Andy