Updated on August 14, 2022
What if you have a Robinhood account and are wondering if you can purchase a Robinhood gift card for a friend or family member? To discover out, let’s get started.
What Topics Will We Discuss?
1. Robinhood gift cards are currently unavailable.
2. You cannot use prepaid cards to finance your Robinhood account.
By completing a brief survey, you can get an Amazon Gift Card from Robinhood.
…And More!
Is It Possible To Buy a Robinhood Gift Card?
The most common question new Robinhood customers ask is whether or not they can purchase a gift card.
Gift cards are a lot more appealing and convenient than lugging around a wallet full of cash at all times. On exceptional occasions, they can be given to someone else.
To have a Robinhood gift card would be a dream come true because it would make stock purchases much more convenient, but the company does not offer such a card just yet.
Attention! An alternative to sending a gift card to a buddy who wants to invest in stocks is to give him cash or arrange for the money to be transferred from your bank account.
Is It Possible to Use a Prepaid Card to Fund Your Robinhood Account?
The ability to invest in the stock market through Robinhood is a nice perk. Some users consider using the funds in their bank accounts in order to purchase shares on this exchange.
Prepaid cards cannot be used to fund Robinhood or to make any purchases on this site.
Don’t let yourself get let down! You can use the gift cards you’ve purchased or received in a variety of ways.
The gift cards can be exchanged for cash at various walk-in locations or online.
It is possible to use the gift card to withdraw cash from a kiosk.
When shopping online or in a store, gift cards can be used to pay instead of using a bank account.
Is It Possible To Fund The Account Using App Store Gift Card?
The short version of the storey is: No!
Your gift card from the App store will not be accepted as payment for your Robinhood account. While we understand the misunderstanding, we’re not sure how to fix it.
Because Robinhood is an app, many people assume that app cards can be used to top up their accounts.
Not at all.
In order to utilise the app, you’ll need to download it for free, but you can’t return it. There is no other option but to link a bank account and transfer money through it in order to make purchases using an app.
Alternative: Amazon Gift Card
Amazon gift cards were first offered to customers by the corporation several years ago.
Due to the high cost of lost trading opportunities, Robinhood decided to provide $75 Amazon gift cards to its consumers instead.
Customers of Robinhood who complete a 10-minute online survey are also eligible to get Amazon gift cards.
Robinhood’s customer service could use some feedback from the results of this survey. Participants are given a chance to win a $5 Amazon gift card in exchange for their participation. To be eligible for the card, you must, however, complete the survey.
The Verdict
You can not purchase the card neither can you 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 purchasing stock using cash.
Considering how quickly gift card use is growing, we are hopeful that Robinhood would soon introduce the feature. The article would then be updated accordingly so stay tuned!
Frequently Asked Questions About Robinhood Gift
Is it possible to give shares of Robinhood stock as a gift to someone else?
While you can’t buy a card for a friend on this site, you can refer the account and get $500 in Robinhood account tokens.
Is it possible to share stocks or money on Robinhood?
Automated Customer Account Transfer Service allows you to transfer all or part of your Robinhood shares to another account. Your account will be automatically cancelled if all of your stocks are transferred.
