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 getting and promoting shares, ETFs, and cryptocurrencies, introduced a slew of recent services and products, with one perk standing out: banking options with money deliveries.
“With Robinhood Banking, we’re attempting to unravel most 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 attainable, 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 is able to provide conventional checking accounts, high-yield financial savings accounts, and different non-public banking companies 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 embrace 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 will likely be required, or how the corporate will guarantee the protection of its drivers.
The nice print solely provides: “Money supply service protection varies based mostly on geographic location.”
This system additionally gives on the spot transfers and wire companies.
“Our aim is for Robinhood to offer you a world-class monetary crew in your pocket, with cutting-edge instruments you may’t discover elsewhere,” stated Vlad Tenev, chairman and CEO of Robinhood, within the assertion.
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