You’ll need to contact your existing brokerage and have them begin the transaction. They’ll send the transfer instructions to our clearing partner, who will then move your assets and cash over. We’ll close your account if you move all of your assets to a different firm.
Select the option to “Link a card” from the drop-down menu. Select your bank account, then follow the on-screen instructions. From the Account window’s lower right corner, tap the Account icon. Tap Transfers, then Linked Accounts. Add a new account by selecting it from this list.
Robinhood offers a web app for PCs that is called “Robinhood for Web.” To use this service, you’ll need to log in using the official website of Robinhood. You will be greeted with a simple but attractive interface once you have logged in, which is simple to use and cruise through.
Robinhood is quite safe. Because they are a member of the SIPC, your assets on Robinhood are protected up to $500,000 for securities and $250,000 for cash claims. Furthermore, Robinhood is a securities brokerage firm, so the Securities and Exchange Commission (SEC) regulates securities brokerages.
The Robinhood Cash Management Account is a hybrid savings and checking account. It offers a healthy return like a high-yield savings account, but it also includes the convenience of a debit card that resembles a checking account. A Robinhood brokerage account is required to establish a Robinhood Cash Management Account.
