Robinhood Customer Agreement (PDF)

Robinhood's updated Customer Agreement, detected on July 12, 2026, substantially expands governance provisions for trust and custodial accounts. The agreement adds 87 new sentences establishing fiduciary representation requirements, trustee onboarding procedures, and liability frameworks for trust accounts, while removing language about custodian authority over minor accounts. The revised terms authorize Robinhood to rely on trustee instructions without independent verification of fiduciary compliance or trust instrument validity, and establish personal liability for trustees whose actions fall outside their authority under applicable law.