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Robinhood Examined Sep 14, 2026 Read from the live terms 60-day claim window

You did the steps and no stock arrived. Here is why.

Most often, a missing link or a missing deposit. A new user’s gift stock needs approval plus a linked bank or debit card; since September 1, 2026, a referral only counts once the friend funds the account.

Linking a bank is the trigger60 days to claim9 documented causesExamined Sep 14
No bank linked is the single biggest reason. The reward triggers when you link a bank or debit card, not when you sign up.

Second most common: issued and sitting unclaimed. Both are fixable today.

Which cause caught you

1. No bank linked, or referred friend hasn’t fundedFixable today
2. Issued, sitting unclaimedFixable today
3. Claimed, hasn't landed yetWait a week
4. Past the 60-day claim windowHard loss
5. Not your first taxable brokerage accountHard loss
6. Account not approved or not in good standingSometimes fixable
7. Friend didn't sign up through your linkHard loss
8. Between milestones, or at the $15,000 capWorking as designed
9. Outside the eligible group from the startNever eligible

The nine causes, in Robinhood's own words

Fixable today 1. No bank or debit card is linked, or your friend hasn’t funded

Opening the account was never the qualifying act. For the new user’s own gift stock, “Once you are approved and link your bank account or debit card, you’ll earn a specified dollar amount”, and blunter elsewhere: “Make sure to link your bank account or debit card in order to earn your gift stock.” No deposit, no trade required.

The person who sent the invite needs one more step since September 1, 2026: “Simply linking a bank account or debit card, without funding the account, does not make a new customer an Eligible New Customer.” A first deposit of any amount above $0 fixes it, and it only counts once that deposit settles.

Fixable today 2. It was issued and is sitting unclaimed

Robinhood sends a notification, then waits. Check Rewards: in the app it sits under Account (the person icon), then the menu; on the web, select Rewards after logging in. Update the app first.

Not a problem, wait 3. You claimed it and it hasn't landed yet

Credited “within approximately one week after the reward is claimed, though this timeline may be delayed in Robinhood’s sole discretion.” A ticket on day two won't speed it up.

Hard loss, no fix 4. The 60-day claim window closed

Stated twice: “You have 60 days to claim your stock reward before it expires”, and “Rewards that aren’t claimed within 60 days will expire.” No extension, anywhere.

Hard loss, no fix 5. It isn't your first individual taxable brokerage account

Eligibility covers “new customers of Robinhood who have never previously had a Robinhood individual taxable brokerage account”. A retirement or joint account isn't it, and an account you closed years ago still counts.

Sometimes fixable 6. The account isn't approved, or isn't in good standing

Must be “approved for a Robinhood individual taxable brokerage account” and “in good standing.” An application stuck in review has nothing for the reward to attach to yet, and Robinhood never defines “good standing” anywhere in the document.

Hard loss, no fix 7. Your friend didn't sign up through your link

A referral only exists if your friend used your code: “Referrers will become eligible when they share their Robinhood-provided referral code with a personal friend who is an Eligible New Customer.” In the app, the clock icon at the top right of Rewards shows your progress toward the next milestone; a friend who never appears there used something else. Support won't fill in the rest: “Robinhood cannot provide information about someone else's account or application status.”

Working as designed 8. You're between milestones, or at the annual ceiling

Two things look like a missing reward and are not. Milestones are not prorated: “You won’t earn rewards for individual referrals between milestones”, so a second referral pays nothing until a third one lands. And there is a ceiling: “You can earn up to $15,000 in bonus stock rewards per year.” Your friend’s own sign-up reward is separate, and neither rule touches it.

Never eligible 9. You were outside the eligible group from the start

The offer “is available to US residents only”, excluding Robinhood employees, their households, and anyone employed by a securities regulator, exchange, market maker or broker-dealer. The check: “If you’re eligible, you’ll see the referral offer in Rewards.”

The two timelines that decide whether you have anything to chase

Within 60 days of issue Claim it, or the reward expires. No appeal.
~1 week after you claim Reward stock is credited. Can be delayed at Robinhood’s discretion.
3 trading days after granted Shares can be sold.
30 days after claimed The cash value can be withdrawn.

The new user’s gift stock clocks, from Robinhood’s own offer terms read live September 14, 2026. A referrer’s milestone bonus follows the first three, but its cash value stays locked for 60 days rather than 30. Not being able to sell or withdraw yet isn’t the same as the stock being missing.

When the honest answer is that Robinhood decided

Three clauses hand Robinhood the final word, and none requires it to say which one it used.

  • Fraud or violation. Robinhood may “decline to grant the whole or fractional share stock reward, or to rescind or liquidate the stock or any related dollar proceeds” on suspicion alone. It reaches backward, even after you've sold.
  • Content connected to your referral link. Robinhood can decline or rescind a reward if it decides images or speech tied to your link are “inaccurate, misleading, offensive, violate community standards”.
  • Enrolment and termination. “Robinhood may decline requests to enroll in the offer without notice and at its sole discretion”, and may terminate the offer at any time without notice.

Where one applies, there's no argument to win.

The cap moved, and Robinhood did not date it. On July 27, 2026 the referral article said “may not exceed $5,000 per person, per year” and the open-an-account article said “may not exceed $1,500 per person, per year”. Read again on September 14, 2026, both are $15,000. Quote the version in force when you signed up, and screenshot it.
Read the full Robinhood guideThe real odds, the three clocks, and what the reward is actually worth.
Open Robinhood’s own termsEvery quote above, in the original.

Get a real answer, not a template

Support can fix a fact. It can't bend a rule, and it won't discuss another person's account.

  1. Send facts, in one message: the date you opened the account, the date you linked a bank or debit card, and a screenshot of Rewards showing nothing claimable.
  2. If you sent the invite yourself, add a screenshot of your referral progress (the clock icon in Rewards) and the date your friend made their first deposit.
  3. Ask a specific question, not an open one. “Was a reward ever issued on this account, and on what date?” is answerable. “Where is my free stock?” gets a template.

Related reading

Also: stock lock-ups and clawbacks across seven brokers, and whether a sign-up bonus is taxable.

Other things that did not arrive

Every one of these is read from the company’s own document and dated. See all 66 questions we have answered.

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