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 attempting to resolve most of the challenges offered by legacy banks,” stated Deepak Rao, GM and VP of Robinhood Cash, in a press release. “Robinhood Banking is thoughtfully designed to be as straightforward to make use of as attainable, whereas nonetheless delivering cutting-edge options traditionally reserved for the ultra-wealthy.”
Robinhood’s Gold membership program ($5 month-to-month or $50 yearly) offers 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 personal 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 personal 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 no 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 positive print solely provides: “Money supply service protection varies based mostly on geographic location.”
This system additionally gives immediate transfers and wire providers.
“Our objective is for Robinhood to present you a world-class monetary group in your pocket, with cutting-edge instruments you may’t discover elsewhere,” stated Vlad Tenev, chairman and CEO of Robinhood, within the assertion.
Associated: Robinhood CEO Says Massive Banks Are Taking Benefit of Individuals. Now His Firm Needs to Put Extra Cash Into Your Pockets — No Investing Required.
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