A list of our licenses has more information. The Robinhood spending account is offered through Robinhood Money, LLC (RHY) (NMLS ID: 1990968), a licensed money transmitter. Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency services are offered through Robinhood Crypto, LLC (RHC) (NMLS ID: 1702840). Robinhood Crypto, LLC provides crypto trading pursuant to applicable state money transmission and virtual currency licenses.īrokerage services are offered through Robinhood Financial LLC, (RHF) a registered broker dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (RHS) a registered broker dealer (member SIPC). You need a brokerage account with Robinhood Financial to be eligible for round-ups.Īll brokerage products and services are provided by Robinhood Financial. You must separately place a recurring trade order with Robinhood Financial LLC to invest in securities, or with Robinhood Crypto, LLC for crypto trades. You authorize the transfer of round-ups from your spending account with Robinhood Money to your Affiliate accounts. Sutton Bank is not involved in the stock or crypto-related transactions. ![]() The Robinhood Cash Card is not used for stock or crypto-related transactions. Round-ups, recurring paycheck deposits, and other products and services made available within your spending account are provided by Robinhood Money. ![]() The Robinhood debit card is issued by Sutton Bank, member FDIC, pursuant to license by Mastercard® International Incorporated. ![]() Cash Management is an added feature to your Robinhood Financial LLC brokerage account.
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