Robinhood Offers Cash for New Deposits as $1,400 Checks Arrive

Just as millions of Americans begin receiving $1,400 stimulus checks from the government, Robinhood Markets is offering some traders bonuses for new deposits.

Under the “Robinhood Cash Rewards” program, some of the trading platform’s users can get account credits ranging from $10 for a $200 deposit to $250 for a deposit of at least $15,000 over the next two weeks. The offer is being rolled out just weeks after Robinhood’s co-founder was grilled by lawmakers for features that critics say entice users to trade excessively.

A spokeswoman for Robinhood said the promotion isn’t connected to the government stimulus program. She added ...