You may get something delivered these days, from groceries to shampoo to a new car. However money? That is normally reserved for folks 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 purchasing and promoting shares, ETFs, and cryptocurrencies, introduced a slew of latest services, with one perk standing out: banking options with money deliveries.
“With Robinhood Banking, we’re making an attempt to resolve 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 straightforward 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 annually) provides customers entry to the corporate’s premium options and the brand new banking program, which is able to 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 is no phrase but on how the money deliveries will happen, what identification might be required, or how the corporate will guarantee the security of its drivers.
The nice print solely provides: “Money supply service protection varies primarily based on geographic location.”
This system additionally provides immediate transfers and wire providers.
“Our objective is for Robinhood to offer you a world-class monetary workforce 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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