Robinhood Debuts New Service to Deliver Cash to Your House, Because That Seems Good, Right?

Robinhood, the online financial services company, has rolled out a number of new perks for its elite members. Among them is one particular program that might give the cautious consumer pause: a delivery service that will bring wads of cash straight to your house. “Introducing cash delivery,” the company’s website says. “Your cash is delivered on-demand right to your doorstep. No need to search for an ATM.” The cash program is part of the company’s new push into banking and other financial services, which was announced this week during a special event in San Francisco. It will be available for Robinhood Gold members. Other newly announced services include professional tax advice, estate planning, and 4 percent savings APY. Despite the alleged banking services offered, the site includes a small, important disclosure, in fine print: “Robinhood is a financial technology company, not a bank. Banking services are provided by Coastal Community Bank, member FDIC.” According to its website, ... Read full article.