# Robinhood: refer a friend

Canonical: https://dealaka.com/referrals/robinhood-refer-a-friend

This is what an EXISTING customer earns for referring someone. For what a new customer gets for opening the account, see the offer entry linked below.

- Status: live
- Referrer earns: $5 to $200 in stock per approved referral (targeted, not a fixed rate: A lottery: about 99% get $5)
- Referred person earns: $5 to $200 in stock
- Cap: $5,000 per calendar year, per person
- Cap scope: per person
- Requirement: Sign up through the link and link a bank account
- Tax form: Not confirmed
- Link sharing: The terms do not say
- Institution: Robinhood
- Verified: Jul 21, 2026 against robinhood.com
- Note: Dealaka links only the issuer's own program page and takes no share of any referral reward.

## 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.

## How the referrer gets their link
Open the invite screen in the Robinhood app to get your referral link.

- Share your referral link

## Tax treatment
Robinhood says the value of offers may be reported on applicable 1099 forms without naming which.

## When it pays
About a week after the reward is claimed. You have 60 days to claim it.

## Fine print that matters
- 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 Shares cannot be sold until 3 trading days after the grant, and the cash value cannot be withdrawn for 30 days after claiming.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.

## Sources
- robinhood.com invite friends support article <https://robinhood.com/us/en/support/articles/invite-friends-pick-stock/> (checked Jul 21, 2026)

_This entry is reference information, not financial or tax advice. Referral terms change without notice and the figure shown to you may differ from the one shown to someone else. Confirm on the issuer's own page._