![]() Fidelity® Rewards Visa Signature® Credit Card * vs. Acorns will process direct deposits up to two days early, just like Robinhood. Customers have access to more than 55,000 fee-free ATMs. The Acorns checking account has no monthly maintenance fees and no minimum balance requirements. Unlike Robinhood, Acorns will not offer an extra bonus on round-up transactions. If you open a checking account with Acorns, you can round up your transactions and invest the difference. The Acorns Visa debit card is offered by robo-advisor Acorns and is similar to the Robinhood Cash Card. Here’s how the card compares to similar products. While it doesn’t offer cash back on all purchases like some traditional cash-back debit cards, its round-up rewards program can help you boost your investment account balance. The Robinhood Cash Card is a unique product. If you need to deposit cash or checks regularly, you should have another debit card or bank account that accepts cash and check deposits. Customers cannot deposit cash or checks with the Robinhood Cash Card. You can fund your account via direct deposit or an ACH transfer from a linked bank account. Customers have access to a vast ATM network with more than 75,000 ATMs. ![]() There is an ATM withdrawal limit of $510 per day and $5,000 per month. The Robinhood Cash Card has a daily spending limit of $3,000 and a monthly spending limit of $10,000. Before taking the card on vacation, make sure to review the list to see if your card will be accepted. ![]() However, if you travel abroad, know that you cannot use the Robinhood Cash Card in more than 80 countries, including popular destinations like Brazil, Belize, the Czech Republic and Thailand. The Robinhood Cash Card is accepted by most retailers that accept Mastercard. This only applies to money in your Spending account and not your Robinhood brokerage account. Money in the Robinhood Spending account is insured by the Federal Deposit Insurance Corporation (FDIC). You can also opt to automatically invest a portion of your paycheck. However, the Cash Card makes investing easy by letting you automatically transfer your rewards to a linked brokerage account. The Robinhood Spending account doesn’t earn interest. The Robinhood Cash Card functions like a rewards debit card, and it’s funded by the Robinhood Spending account, which replaced the brokerage’s previous cash management account. The virtual card can be added to a Google Wallet, Samsung Pay or Apple Pay account. Common offers include:Ĭardholders can choose between a virtual or physical debit card. These cash-back offers will be activated automatically. The bonus can then be invested via your Robinhood brokerage account.Ĭardholders can also earn cash back with the card when shopping at specific merchants. Robinhood can match your Round-up Rewards, earning you between $1 and $10 in extra rewards. Let’s say you have $10 in total Round-up Rewards for the week. ![]() Robinhood will reward customers who sign up for Round-up Rewards by applying an extra bonus to their account, worth between 10% and 100% of the weekly round-up total. Only transactions that cost more than $1 will be eligible for round-ups. You must have a Robinhood brokerage or cryptocurrency account to qualify for Round-up Rewards.Ĭardholders can then use the spare change to buy shares of ETFs, stocks, crypto and more. Cardholders can enroll in Round-up Rewards to have Robinhood round up their transactions to the nearest dollar and transfer the spare change to a linked brokerage account. The Robinhood Cash Card is a debit card that incentivizes customers to invest extra money in their Robinhood brokerage account.
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