By providing a phone number, the customer consents to receive prerecorded and automated calls and text messages at any time for account communications, telemarketing, fraud investigation, and debt collection, with the number shareable with third-party service providers including debt collectors.
This analysis describes what Robinhood's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision obtains consent for automated telemarketing calls and text messages under the Telephone Consumer Protection Act, and authorizes sharing of the customer's phone number with third-party debt collectors for collection purposes.
Interpretive note: The adequacy of bundled telemarketing consent obtained through account opening as prior express written consent under the TCPA has been subject to varying judicial interpretation and ongoing FCC rulemaking.
The updated terms establish new fiduciary verification and personal liability provisions for trust and custodial accounts. Trustees are now required to complete Robinhood's identity verification and onboarding before accessing trust accounts, notify Robinhood promptly of any material changes to the trust (amendments, revocation, trustee changes), and provide the correct taxpayer identification number for the trust. The revised language states that trustees are personally liable for obligations, debts, or negative equity arising from instructions given outside the scope of their authority under the trust instrument or applicable law. Robinhood reserves the right to freeze trust accounts or request updated documentation at any time, and will rely on instructions from any onboarded trustee without requiring consent from co-trustees or verifying compliance with the trust instrument. You should consult a tax advisor regarding the appropriate taxpayer identification number for your trust and review your fiduciary authority under the applicable trust instrument before executing trades.
View change record →Under this clause, providing a phone number to Robinhood constitutes consent to receive automated calls and text messages, including for telemarketing purposes, at any time of day. You can opt out of these calls at any time by contacting privacy@robinhood.com, though the agreement states that some calls permitted by law may continue after opt-out.
Cross-platform context
See how other platforms handle Automated Telephone Dialing and Telemarketing Consent and similar clauses.
Compare across platforms →"you consent to receive calls (including text messages) at any time of day made to that phone number that may be prerecorded or completed with an automatic telephone dialing system (automated calls) for purposes including but not limited to providing account-related communications (including security alerts), telemarketing, investigating or preventing fraud, or collecting amounts owed to Robinhood. We may share your number with third parties that provide services to us in connection with any of the foregoing purposes, including but not limited to debt collectors.Excerpt from Robinhood's Customer Agreement (PDF)
REGULATORY LANDSCAPE: Consent to automated calls and text messages is governed by the Telephone Consumer Protection Act (TCPA) and FCC regulations implementing it.
Enforcement risk, jurisdiction flags, contract triggers, and due diligence action items.
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This provision obtains consent for automated telemarketing calls and text messages under the Telephone Consumer Protection Act, and authorizes sharing of the customer's phone number with third-party debt collectors for collection purposes.
Under this clause, providing a phone number to Robinhood constitutes consent to receive automated calls and text messages, including for telemarketing purposes, at any time of day. You can opt out of these calls at any time by contacting privacy@robinhood.com, though the agreement states that some calls permitted by law may continue after opt-out.
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