You will get something delivered these days, from groceries to shampoo to a new car. 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 Lost City of Gold,” Robinhood, a fintech platform for getting and promoting shares, ETFs, and cryptocurrencies, introduced a slew of recent services, with one perk standing out: banking options with money deliveries.
“With Robinhood Banking, we’re attempting to unravel lots of the challenges offered by legacy banks,” stated Deepak Rao, GM and VP of Robinhood Cash, in a statement. “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 annually) offers customers entry to the corporate’s premium options and the brand new banking program, which can provide 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 Offering a Credit Card for the First Time — and It’s Available 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 might be required, or how the corporate will guarantee the protection of its drivers.
The effective print solely provides: “Money supply service protection varies based mostly on geographic location.”
This system additionally affords on the spot transfers and wire providers.
“Our purpose is for Robinhood to offer 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.
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