You will get something delivered these days, from groceries to shampoo to a brand new automotive. 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 getting 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 unravel lots 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 straightforward 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 can 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 embrace 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 shall be required, or how the corporate will guarantee the security of its drivers.
The high-quality print solely provides: “Money supply service protection varies based mostly on geographic location.”
This system additionally affords immediate transfers and wire providers.
“Our objective is for Robinhood to provide you a world-class monetary crew in your pocket, with cutting-edge instruments you possibly can’t discover elsewhere,” mentioned Vlad Tenev, chairman and CEO of Robinhood, within the assertion.
Associated: Robinhood CEO Says Massive Banks Are Taking Benefit of Individuals. Now His Firm Desires to Put Extra Cash Into Your Pockets — No Investing Required.
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