Are there fees?
Note
Cash Management is no longer accepting new customers at this time.
Are there fees associated with Cash Management?
At Robinhood, we aim to cut all the fees we can. This means that for Cash Management, we don't charge: No dollar minimum is required to open or maintain an individual investment account. You only need 1 cent to start earning interest. You also don’t need to worry about overdraft fees because your Robinhood debit card doesn’t charge them. We’ll generally decline transactions that make you go negative if you don’t have enough available cash, including any available margin credit, to cover it. We don’t charge you anything for getting declined for insufficient funds. If you’re making a payment to a third party, and the transaction is declined because you don’t have sufficient funds, the third party may charge you a fee.
Keep in mind
Other fees, third-party fees, or Gold fees may apply to your individual investment account. You can check out our fee schedule to learn more.
Gold accounts with margin spending enabled will incur interest if your debit card transactions are funded from margin. For example, if you have a Gold account, and spend more available cash than you have in your account with your debit card, margin will activate and you’ll be charged interest on any amount you borrow over $1,000.
Disclosures
Cash Management is an added feature to your Robinhood Financial LLC individual investment account. Neither Robinhood Financial LLC nor any of its affiliates are banks. Interest is earned on uninvested cash swept from your individual investment account to program banks. The Robinhood Debit Card is issued by Sutton Bank, Member FDIC, pursuant to license from Mastercard® International Incorporated. Robinhood Gold is an account offering premium services available for a $5 monthly fee. Not all investors will be eligible to trade on margin. Margin investing involves the risk of greater investment losses.
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