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Robinhood is moving into banking services with luxury perks and same-day cash delivery
A private wealth management service and AI-powered investment advice are on the way as Robinhood expands its finance offerings.
Robinhood might have broken into the zeitgeist as a platform for trading meme stocks and cryptocurrencies, but now it’s following through on long-held ambitions in the hope of becoming a one-stop shop for all your finance needs. There will be the option to send money to others in more than 100+ countries and, handily for those who are tired of traipsing to an ATM, you can have cash delivered to your door the same day you request it (depending on your location). Features include access to estate planning and tax advisors, round-the-clock support, instant transfers between Robinhood accounts and up to $2.5 million in FDIC insurance through partner institutions.
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