Do you have a Robinhood account? Can you purchase a Robinhood gift card for your loved ones? Let’s find out!
1. At the moment, it is not possible to purchase Robinhood gift card.
2.You can not fund your Robinhood account using prepaid cards.
3. You can get your hands on Amazon Gift Card via Robinhood by taking a simple survey.
…and Much More!
Is It Possible To Buy a Robinhood Gift Card Online?
One of the most frequently asked questions from a new Robinhood accountholder is whether he can buy a gift card.
Gift cards are more attractive because they are easier to use than cash. They can also be gifted to others on special occasions.
- Robinhood gift cards would be a dream come true as they allow for easy stock purchases, but the company has yet to offer any cards.
Attention! If you wished to help a friend purchase stocks by giving him the gift card, an alternative is to offer cash instead or have it transferred via bank account.
Can You Fund Robinhood Account Using a Gift Card?
It is a commendable service that lets you invest in the stock market with Robinhood. Users looking for a good investment opportunity often think about using the money in their bank account to buy stocks here.
- However, you can not use a gift card to add money to Robinhood or purchase here.
Don’t be disappointed! Gift cards you purchased or got can be utilized in many other ways.
- You can exchange the gift cards for cash at different walk-in stores or websites.
- You can also cash from the gift card at the relevant kiosk.
- Gift cards can also be used for online or in-store purchases as an alternative to paying at different stores with a checking account.
Is It Possible To Fund The Account Using App Store Gift Card?
Long story short: No!
You can not fund a Robinhood account using your App Store gift card. However, we do understand where the confusion stems from.
Since Robinhood is an application, most users believe the account can be topped up through an app card.
- Not True!
You can download the app for free and use it as needed, but it can not be refunded in this manner. If you need to purchase via app, the only hope is to link a bank account and transfer money through the routing/account number.
Alternative: Robinhood Amazon Gift Card
The company gave out Amazon gift cards to its users several years back.
Robinhood customers cost money when they could not trade, so the company offered $75 Amazon gift cards to comfort the users against lack of service.
- Robinhood customers can also get their hands on Amazon gift cards by responding to a 10-minute survey online.
The survey is a questionnaire that could help Robinhood improve its service. In return, the participants can win a $5 Amazon gift card. However, you must complete the survey to be eligible for the card.
Robinhood Crypto Gifts
Robinhood launched crypto gifts in December 2021, allowing buyers to purchase and customize crypto gift cards for family and friends. The gifts are sold at 0% commission. Some basics about crypto gift cards from Robinhood are listed below.
- Robinhood lets you send as little as $1 worth of one of its seven cryptocurrencies (bitcoin, ethereum, dogecoin, etc).
- Crypto gifts can be shared with the recipient via email or text link.
- You can also customize the gift cards from various designs that the website offers. There is an option to add personalized messages as well.
- The recipient must accept the gift within 14 days, or they will be charged.
- The recipient also has to sign up with a Robinhood account if they already do not have one. If they are Robinhood customers, they will be redirected to the app window where they can easily claim the gift.
The Bottom Line
You can not purchase the card or fund the account using any other gift card. However, users can obtain Amazon gift cards that Robinhood offers. Moreover, they can gift a friend the power of cash purchasing stock.
Considering how quickly gift card use is growing, we hope Robinhood will soon introduce the feature. The article will then be updated accordingly, so stay tuned!
Frequently Asked Questions About Robinhood Gift Card
Can I gift stocks on Robinhood to a friend?
Although buying a card for friends on this platform is impossible, you can refer to the account and receive $500 in tocks of Robinhood account.
Does Robinhood allow you to share funds or stocks with others?
You can completely or partially share your Robinhood stocks with other accounts via the Automated Customer Account Transfer Service. Then if you transfer all the supplies, your report will be closed automatically.
What is a Stockpile gift card?
Stock gift card/Stockpile gift card has a fixed value which can be redeemed for stock or cryptocurrency (not cash). Moreover, the gift cards are typically available in the range of $ to $200.
Does Webull offer gift cards or e-gift cards?
Webull does not offer gift cards, and no change in policy has been updated so far.
Does Robinhood offer gift card discounts?
Robinhood does not sell physical or digital gift cards. However, occasionally, you may find special offers that get you $10 cash back towards Amazon or a PayPal gift card.
