You will get something delivered these days, from groceries to shampoo to a brand new automobile. However money? That is often reserved for folks with particular wants or particularly excessive financial institution accounts.
However on Wednesday, at its second annual keynote occasion, “The Misplaced Metropolis of Gold,” Robinhood, a fintech platform for purchasing and promoting shares, ETFs, and cryptocurrencies, introduced a slew of recent services and products, with one perk standing out: banking choices with money deliveries.
“With Robinhood Banking, we’re making an attempt to resolve most of the challenges introduced by legacy banks,” stated Deepak Rao, GM and VP of Robinhood Cash, in a press release. “Robinhood Banking is thoughtfully designed to be as simple to make use of as potential, whereas nonetheless delivering cutting-edge options traditionally reserved for the ultra-wealthy.”
Robinhood’s Gold membership program ($5 month-to-month or $50 yearly) provides customers entry to the corporate’s premium options and the brand new banking program, which is able to supply conventional checking accounts, high-yield financial savings accounts, and different non-public banking providers for people and households.
Members will get unique tickets to occasions just like the Met Gala, Oscars, F1 Monaco Grand Prix, and The Masters, plus reductions on non-public jet journey and members-only trip golf equipment.
Associated: Robinhood Is Providing a Credit score Card for the First Time — and It is Accessible in 10-Karat Gold
Different perks embody getting “money delivered on-demand proper to the doorstep, eliminating the necessity for an ATM,” the assertion reads.
There isn’t any phrase but on how the money deliveries will happen, what identification can be required, or how the corporate will guarantee the security of its drivers.
The superb print solely provides: “Money supply service protection varies primarily based on geographic location.”
This system additionally gives immediate transfers and wire providers.
“Our aim is for Robinhood to present you a world-class monetary crew in your pocket, with cutting-edge instruments you’ll be able to’t discover elsewhere,” stated Vlad Tenev, chairman and CEO of Robinhood, within the assertion.
Associated: Robinhood CEO Says Huge Banks Are Taking Benefit of Individuals. Now His Firm Needs to Put Extra Cash Into Your Pockets — No Investing Required.
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