You will get something delivered these days, from groceries to shampoo to a brand new automobile. However money? That is often reserved for individuals 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 unravel most of the challenges introduced by legacy banks,” mentioned 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 doable, 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 Obtainable 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 is not any phrase but on how the money deliveries will happen, what identification will probably be required, or how the corporate will guarantee the protection of its drivers.
The high quality print solely provides: “Money supply service protection varies primarily based on geographic location.”
This system additionally presents instantaneous transfers and wire providers.
“Our purpose is for Robinhood to provide you a world-class monetary crew in your pocket, with cutting-edge instruments you may’t discover elsewhere,” mentioned Vlad Tenev, chairman and CEO of Robinhood, within the assertion.
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