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 clause permits the firm to generate revenue through securities lending activities while maintaining operational flexibility to conduct such lending without advance customer notice. The authorization applies to all securities in the account unless the customer takes action to restrict it.
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 →Customers authorize Robinhood to lend their securities on an ongoing basis without notification or compensation. The customer's securities may be loaned out at any time, and the terms do not require notice before or after such lending occurs.
How other platforms handle this
If you do not timely cancel your subscription, your subscription will be renewed at the full price as indicated when the purchase was made, without any additional action by you, and you authorize us to charge your payment method for these amounts.
You also authorize us to retry any failed authorizations. We may use data provided to us by our partners to determine when to schedule such retries.
Any renewal of your AC WhatsApp Service subscription or your WhatsApp Credit Subscription will be at the then current prices listed on, or otherwise accessible via, the ActiveCampaign Pricing page without applying any prior discount.
"You authorize Robinhood to lend, either to itself or to others, any securities held in your account. Such loans may be made without notice to you and you will not receive compensation for securities lent.Excerpt from Robinhood's Customer Agreement (PDF)
Get the research letter
Companies change their terms quietly. We read every version and catch what actually changed. One email a week on the changes that matter and what they mean.
This clause permits the firm to generate revenue through securities lending activities while maintaining operational flexibility to conduct such lending without advance customer notice. The authorization applies to all securities in the account unless the customer takes action to restrict it.
Customers authorize Robinhood to lend their securities on an ongoing basis without notification or compensation. The customer's securities may be loaned out at any time, and the terms do not require notice before or after such lending occurs.
ConductAtlas has identified this type of provision across 231 platforms. See the full comparison.
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Robinhood.