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Is cash in Robinhood FDIC insured?

avatarSoftware GeekNov 24, 2021 · 3 years ago3 answers

I heard that Robinhood offers cash management services. I want to know if the cash in Robinhood is FDIC insured. Can I trust Robinhood with my cash?

Is cash in Robinhood FDIC insured?
Robinhood
FDIC Insured
Cash Management

3 answers

  • avatarNov 24, 2021 · 3 years ago
    Yes, the cash in Robinhood is FDIC insured. Robinhood partners with a number of banks to provide cash management services, and the funds are insured up to $250,000 per account by the Federal Deposit Insurance Corporation (FDIC). So you can trust Robinhood with your cash.
  • avatarNov 24, 2021 · 3 years ago
    Absolutely! The cash in Robinhood is FDIC insured. Robinhood works with partner banks to provide cash management services, and the FDIC insurance ensures that your funds are protected in case of bank failure. So you can have peace of mind when keeping your cash in Robinhood.
  • avatarNov 24, 2021 · 3 years ago
    Yes, the cash in Robinhood is FDIC insured. Robinhood partners with various banks to offer cash management services, and the FDIC insurance provides protection for your funds. It's important to note that FDIC insurance covers up to $250,000 per depositor, per insured bank, so make sure to keep that in mind.

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