Robinhood’s new banking service delivers cash to your door with wild perks

Think you’ve seen it all when it comes to delivery services? Think again. Robinhood, the company known for letting you buy stocks and crypto, just announced something totally unexpected.

They’re getting into banking. And get this: they’ll deliver cash right to your door.

Banking for the “Ultra-Wealthy”. .. Now for You?

That’s the idea, anyway. Deepak Rao, a big shot at Robinhood, says they’re trying to fix the problems with old-school banks. Their goal? To make fancy banking features available to everyone.

But there’s a catch. You have to be a Robinhood Gold member. That’ll cost you $5 a month, or $50 a year.

What Do You Get for That Price?

Besides the warm fuzzy feeling of being a “Gold” member? A few things:

• Regular checking accounts.
• Savings accounts with potentially higher interest.
• And, of course, on-demand cash delivery.

Wait. .. Cash Delivered? How Does That Work?

Good question! Robinhood isn’t exactly spilling the beans. They say it eliminates the need for an ATM. But things like:

• How the cash gets there.
• What ID you need.
• How they keep the drivers safe.

All of those questions? Unanswered. The fine print says only that cash delivery “varies based on geographic location. ” Hmm.

More Than Just Cash

The new banking program also includes instant transfers and wire services. Robinhood’s CEO, Vlad Tenev, wants you to have a “world-class financial team in your pocket. ” A team that apparently includes a cash courier?

We’ll see how it all plays out. For now, it’s definitely an intriguing move in the ever-changing world of finance.