Insurance

The brokerage cash sweep program is an added feature to your Robinhood Financial, LLC individual investment account.

With the brokerage cash sweep program, the eligible uninvested cash in your individual investing account (unrestricted cash intended for investing that you have not yet invested or spent) is swept to program banks, where it is eligible for FDIC insurance up to a total maximum of $2.25 million (up to $250,000 per program bank, inclusive of deposits you may already hold at the bank in the same ownership capacity) subject to FDIC insurance coverage limits and any capacity limitations at the banks. If you opt out of one or more program banks, your FDIC insurance coverage may be reduced.

Note that until funds are swept to a program bank, they are held in your investing account which is protected by SIPC. Once funds are swept to a program bank, they are no longer held in your investing account and are not protected by SIPC. Review the IntraFi Network Deposit Sweep Program Agreement for more information.

Robinhood Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.

No. Robinhood offers the Cash Management feature as part of an individual investment account and in conjunction with program banks. The Robinhood debit card is issued by Sutton Bank.

Robinhood is not responsible for monitoring the amount of your deposits in any program bank, whether these deposits are made through the brokerage cash sweep program or otherwise, to determine whether the amount on deposit exceeds the limit of available FDIC insurance. You are responsible for monitoring the total amount of your assets on deposit with each program bank (including amounts in other accounts at the program bank held in the same ownership capacity) in order to determine the extent of deposit insurance coverage available to you on those deposits.