Introducing Cash Management

Invest, spend, and earn interest all through your brokerage account

We believe our financial system should work for you and do more for your money. To help get us there, we announced plans in December to launch a new product. We made mistakes with that announcement, which led us to hit the reset button and start over from scratch.

Today, we’re excited to announce Cash Management, a new feature to give you more flexibility with your money. Invest, spend, and earn interest with a competitive Annual Percentage Yield (APY)*—all through your brokerage account. Join the waitlist today, and get early access to sign up when we launch. 

Join the Waitlist for Cash Management

Keep Earning

With Cash Management, your uninvested cash is moved to program banks that pay you 2.05% APY as of October 8, 2019. Uninvested cash is money you have in your brokerage account that you plan to invest, but haven’t yet invested or spent. Interest is paid every month, on every penny. Keep in mind that like any variable rate, it may go up or down over time at the banks’ discretion, due to factors including market conditions.  

With Cash Management, we don’t charge foreign transaction fees or maintenance fees, and there are no account minimums. Other fees, Gold fees, and third party fees may apply to your brokerage account. Learn more.

FDIC Insurance

Your uninvested cash at these program banks is eligible for FDIC insurance up to a total of $1.25 million–or up to $250,000 per bank, subject to FDIC rules. You can read more about FDIC insurance here.

Customized Debit Card, 75,000+ ATMs, and More

Use your debit card anywhere Mastercard® is accepted and spend directly from your brokerage account. Choose from four card designs: Green, Black, White, and the American Flag. Don’t pay fees at more than 75,000 in-network ATMs. You can also pay bills, and use Apple Pay, Samsung Pay, or Google Pay.

Thanks for being patient as we built Cash Management. We can’t wait for you to check it out soon. 

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*Cash Management is an additional feature offered as part of your Robinhood Financial LLC brokerage account. The Annual Percentage Yield (APY) paid by program banks is 2.05% as of October 8, 2019. APY might change at any time at the program banks’ discretion. Neither Robinhood Financial LLC nor any of its affiliates are banks. The debit card is issued by Sutton Bank, member FDIC, pursuant to license by Mastercard® International Incorporated. Robinhood Financial LLC, member SIPC and FINRA.

Former SEC Commissioner, Dan Gallagher, Joins Robinhood’s Board of Directors

Appointment Marks the Company’s First Independent Board Member 

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We are pleased to announce that Dan Gallagher will be joining Robinhood’s Board of Directors. With an extensive background in financial markets and regulatory matters, including serving as a former Commissioner of the U.S. Securities and Exchange Commission (SEC), Dan will bring valuable expertise to our Board as we continue to grow and democratize our financial system.

“At Robinhood, we are focused on our responsibility to our customers as we work to make our financial system more inclusive,” said Baiju Bhatt, Co-Founder and Co-CEO of Robinhood. “To support this, we continue to add leaders that have deep regulatory and financial backgrounds and complement our customer-driven approach to building products. Dan has an incredible understanding of our industry and we are fortunate to have his perspectives as we continue to scale Robinhood.” 

“Robinhood has an impressive focus on its customers and making the financial markets more accessible,” said Dan Gallagher, Board Member, Robinhood. “I am honored to serve on the Board and look forward to contributing to the company’s work as it continues to expand the financial services it offers.”

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Dan Gallagher is currently partner and deputy chair of the securities department at the international law firm WilmerHale. He served as a SEC Commissioner from 2011 to 2015 and held several other positions on the SEC staff prior to being appointed commissioner, including deputy director and co-acting director of the division of trading and markets.

He also served as chief legal officer at Mylan NV from 2017 to 2019 and was previously president of Patomak Global Partners, a financial services consulting firm.

Dan’s addition to the Board of Directors for Robinhood Markets reflects our continued ability to bring together the best of finance and technology to help democratize our financial system. Over the past several months, an impressive group of seasoned leaders has joined our management team.

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Catch up on the day’s biggest stories—wherever you are

Access to content from The Wall Street Journal, video, & more, now with Robinhood

We believe that knowledge is power, so we’re launching a fully rebuilt newsfeed to help keep you informed wherever you are. This means a sleeker design, more trusted news sources, and ad-free video—right in the app.

And the best part? We partnered with Dow Jones to bring you The Wall Street Journal’s market news coverage—at no additional charge.

Trusted news sources

Browse stories about stocks in your portfolio and watchlist, and catch up with comprehensive finance news from trusted news sources such as The Wall Street Journal, Reuters, and Barron’s. Starting today, you’ll also be able to read our daily Snacks newsletter right in your feed.

Video, for the first time ever

Watch quick news videos from CNN Business, Cheddar, and Reuters directly in your feed. Videos are ad-free, so you can watch uninterrupted.

Breaking news alerts and top stories

To loop you in on the biggest market events, our news editors highlight the most important story of the day (check the top of your feed) and send breaking news notifications for stocks in your portfolio and watchlist.

“Our research has shown that our customers are looking for more information about what’s going on in the financial world, so we developed our product to better meet their needs.” – Josh Elman, VP of Product at Robinhood

To learn more about news on Robinhood, visit our Help Center.

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Robinhood is coming to the neighborhood, Denver!

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Robinhood has a new office! This week, we’re opening our doors in Denver as we continue to expand access to quality financial products and services and focus on delivering a world class customer experience. We are thrilled to join the city’s vibrant community that is home to so many talented individuals who can help us democratize our financial system. 

“At Robinhood, we’re fostering a dynamic culture that brings together the best of the finance and technology industries to make our financial system more inclusive,” said Gretchen Howard, Chief Operating Officer at Robinhood. “The breadth of highly-skilled and diverse talent in Denver across both of these industries make the city a natural fit for Robinhood.”

We continue to invest in the people and technology that power an incredible customer experience. Our new team members in Denver will span a range of roles across Engineering and Operations, and will be integral as we deliver even more improvements we know our customers will love. 

“Our customers are at the heart of all of our decisions and our expansion to Denver will enable us to continue delivering on our commitment to them,” said Alex Mesa, Global Head of Customer Experience at Robinhood. “We’re thrilled to build our Denver team and continue to make financial services more accessible to everyone.”

As we’ve begun working on our new office, the warm welcome from the Denver community has been incredible and humbling.

“Robinhood has a strong reputation for being a socially responsible partner to the communities they serve, and we couldn’t be prouder to welcome them to Denver,” said Denver Mayor Michael B. Hancock. “Not only will they provide further momentum and new jobs to our growing financial services and technology sectors, they also bring a commitment to providing the technology tools that can help residents improve their financial lives.”

Denver, we couldn’t be more excited to be here. 

With the opening of our Denver office, Robinhood now has three offices in the U.S. and one in the United Kingdom. Take a look at our current open roles in Denver and across our other locations where we continue to grow! 

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Trailing Stop Orders Are Here

Today, we’re adding trailing stop orders for stocks to our existing suite of order types, including limit orders, stop limit orders, and stop orders. 

Trailing stop orders keep track of stock prices, so you don’t have to. For example, if you're selling a stock, a trailing stop order tracks the stock's highest price. If the stock falls below its highest price by the amount you choose, a sell market order is placed.

We also revamped the stock ordering experience to provide you with more information and make it easier to learn about order types. To view order types, select the asset you’d like to buy or sell, tap “Order Types” on the order screen (select on Web), and choose your preferred order type. Learn more about order types.

We’re excited to roll out trailing stops to everyone in the coming weeks.

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FCA Authorizes Robinhood to Operate in the U.K.

Robinhood International, Ltd., a Robinhood subsidiary, has been authorized by the Financial Conduct Authority, which regulates U.K. financial services, to operate as a broker in the U.K. 

This authorization will enable us to bring our investing platform to customers in the U.K., and is a critical step to achieve our mission of democratizing finance for all.

Additionally, we’re happy to announce that Wander Rutgers was appointed President of Robinhood International. He will lead the U.K. business and oversee our new London office. Wander has a deep background in fintech, joining us from Plum, where he spearheaded the investing and savings product. Before that, Wander led product, compliance, and operations teams at TransferWise, and was instrumental in expanding into new markets. 

“Today marks the beginning of a new chapter for Robinhood, and we’re excited to take the first important step towards bringing our investing platform to customers in the U.K. I’m thrilled to be a part of Robinhood and our effort to expand into a new international market.” – Wander Rutgers, President, Robinhood International

Our London team is already growing, and we’re hiring across compliance, operations, user research, and marketing. Check out our open roles, and stay tuned for the U.K. launch!

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