The financial services company Robinhood has unveiled awaiting listfor its new debit card, the Robinhood Cash Card.
This approach is reminiscent of the financial services companyAcorns, which automatically invests the change from rounded up transactions.
But the Robinhood Cash Card won’t require a fee to maintain the account, like Acorns does.
According to a company representative, 250,000 users are already enrolled in the crypto wallet program.
The popular stock and crypto trading app expects 500,000 users within the coming weeks.
you might add funds by transferring money from linkedsavingsorcheckingaccounts.
Alternatively, you’ve got the option to get your paychecks deposited directly to your Robinhood account.
There is no minimum balance requirement for your spending account to get or maintain the Cash Card.
And because this is a debit card, there is no credit check.
There are no ATM or overdraft fees associated with the Cash Card.
The Robinhood Brokerage Account is FDIC-insured up to $250,000, minimizing the risk associated withother crypto cards.
You’ll also be able to send checks from this account.
We’ll keep you updated with more details as we learn them.
