Robinhood, the investment app that has probably changed the trading industry some, thanks to no fee transactions and a super easy-to-use app, announced checking and savings services today. It sure sounds like a pretty big deal too.
Within the Robinhood app, you now have access to checking and savings (early access for now), both of which earn 3% interest yearly. There are no monthly fees, no overdraft fees, no replacement card fees, and no minimum balance requirements. And yes, they will hand you a MasterCard debit card and give you free cash withdrawals at 75,000 ATMs.
They are taking sign-ups for checking and savings now, with cards starting to arrive in January 2019.
If you have questions about how it all works, a good FAQ is here.
// Robinhood
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