Get Started with Cash Management
Cash Management is no longer accepting new customers at this time. Existing users from Cash Management can sign up to apply for a migration to the Robinhood spending account.
We have discontinued new sign ups for Cash Management. If you are still interested in our spending products, join the waitlist for the Robinhood spending account and Cash Card.
Yes. Cash Management gives customers more ways to add money to their brokerage account:
We work with partner banks to process transactions. ACH account and routing numbers may be issued by Sutton Bank or JPMorgan Chase Bank, and the Robinhood debit card is issued by Sutton Bank. This means that transfers to and from your Cash Management account may appear as transfers to and from Sutton Bank or JPMorgan Chase Bank in your transaction history at other institutions.
To link your Robinhood debit card with other accounts, you’ll need your debit card number. You can find your card number, expiration date, and CVC by tapping the card in the Cash tab.
Yes. Once you’ve activated your card in the app, you can do all of the following:
To activate your debit card:
To find out if your card is still on its way or to request a new card:
If you decide to downgrade from Cash Management or close your brokerage account entirely, you’ll receive the prorated interest earned that you've earned intra-month leading to your downgrade or brokerage account closure. Starting the day you downgrade or close your account, you’ll no longer earn interest on your uninvested brokerage cash. At this time, you will not be able to re-upgrade to Cash Management after downgrading.
If your brokerage account has been downgraded because you signed up for the Robinhood spending account, you’ll continue to have access to the brokerage cash sweep program for cash held in the brokerage account.
You can downgrade from Cash Management as long as you do not have pending card transactions. Any pending card transactions will either settle or expire, depending on the type of transaction. While most pending authorizations will settle within a few days, some pre-authorization transactions (such as a hold in advance of a hotel stay) may result in an extended hold. Transactions that settle will go from Pending to Complete and will appear in your transaction history. If a hold on a charge in your account expires before the charge settles, we’ll release the money. When this happens, the charge will disappear from the Recent History section in your app.
Keep in mind, once you downgrade from Cash Management or close your brokerage account, your debit card will no longer work and any new transactions will be declined.