Robinhood is launching bank accounts that will deliver physical cash ‘to your doorstep’

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Robinhood is getting closer to becoming a full-fledged financial service. On Wednesday, the company announced a wholly online banking platform that will offer checking and savings accounts to Robinhood Gold subscribers when it launches this fall. The platform, called Robinhood Banking, will let users access their accounts, as well as send and receive money through the Robinhood Credit Card app. It even attempts to make up for not having a physical location by having physical cash “delivered on-demand right to your doorstep.” There still aren’t many details about how this will work, but Robinhood says “coverage varies based on geographic location.” Image: Robinhood Robinhood Banking promises a 4 percent annual percentage yield (APY) and FDIC insurance of up to $2.5 million on accounts. The company notes that since it’s not an FDIC-insure ... Read full article.