{"slug":"robinhood-refer-a-friend","institutionSlug":"robinhood","category":"brokerage","product":"Refer a Friend","title":"Robinhood: refer a friend","referrer":{"amount":5,"amountMax":200,"unit":"cash","display":"$5 to $200 in stock","targeted":true,"variesNote":"A lottery: about 99% get $5"},"referee":{"amount":5,"amountMax":200,"unit":"cash","display":"$5 to $200 in stock","targeted":true},"cap":{"valuePerYear":5000,"window":"calendar year","scope":"person"},"taxForm":"unknown","taxNote":"Robinhood says the value of offers may be reported on applicable 1099 forms without naming which.","linkSource":"Open the invite screen in the Robinhood app to get your referral link.","channels":["Share your referral link"],"requirement":"Sign up through the link and link a bank account","posts":"About a week after the reward is claimed. You have 60 days to claim it.","status":"live","expiresOn":null,"verifiedOn":"2026-07-21","summary":"Robinhood's referral reward is a lottery, not a rate. Robinhood publishes the odds itself: roughly 99% of rewards are $5 of stock, about 0.9% are $10, and about 0.1% are $200. The expected value is barely above $5, so the $200 figure that headlines most coverage is the outcome for one referral in a thousand.","finePrint":["This is a random draw with published odds, not a range you might land anywhere in. Around 99 in 100 rewards are the $5 floor.","The reward is stock, not cash. Shares cannot be sold until 3 trading days after the grant, and the cash value cannot be withdrawn for 30 days after claiming.","The cap is $5,000 of stock per year through the program. Comparison sites citing $1,500 disagree with Robinhood's own page, and we follow the official figure.","You must claim the reward within 60 days or lose it.","Robinhood asks you not to text your referral link to contacts in Washington state, and requires consent before texting or emailing anyone.","There is no US crypto referral program. The crypto referral pages exist only for the UK and EU."],"ruleIds":[],"programDomain":"robinhood.com","programUrl":"https://robinhood.com/us/en/support/articles/invite-friends-pick-stock/","sources":[{"label":"robinhood.com invite friends support article","url":"https://robinhood.com/us/en/support/articles/invite-friends-pick-stock/","checkedOn":"2026-07-21"}],"needsVerification":false}