Risk Disclosure

Spending account is offered by Robinhood Money, LLC, a licensed money transmitter. Cash balances in the spending account are not deposits and will not earn interest.

Round-ups and rewards are sent from your spending account with, and are a service of, Robinhood Money. Weekly round-ups are capped at $100 and the reward is capped at $10. You authorize the transfer of round-ups from your spending account with Robinhood Money to your Affiliate accounts. You must separately place a recurring trade order with Robinhood Financial, LLC to invest in securities, or with Robinhood Crypto, LLC to invest in cryptocurrencies through this program. For round-ups and rewards to be available to you, you need to have a brokerage account with Robinhood Financial, LLC. All brokerage products and services are provided by Robinhood Financial. Robinhood Crypto, LLC provides cryptocurrency trading pursuant to applicable state money transmission and virtual currency licenses.

With paycheck recurring investments, you authorize Robinhood Money to transfer a portion of your paycheck from your spending account with Robinhood Money to your Affiliate accounts. You must place a recurring trade order with Robinhood Financial, LLC to invest in securities or with Robinhood Crypto, LLC to invest in cryptocurrencies through this program. All brokerage products and services are provided by Robinhood Financial. Robinhood Crypto, LLC provides cryptocurrency trading.

Early access to direct deposit funds is offered through your spending account with Robinhood Money and depends on timing of the payer's submission of deposits and receipt of relevant payment information by Robinhood Money. These funds are generally credited to your spending account on the day the payment file is received which may be up to two days earlier than the scheduled payment date, however, this availability is not guaranteed.

Your brokerage account is offered through Robinhood Financial LLC, ("RHF") a registered broker dealer (member SIPC) and clearing services through Robinhood Securities, LLC, ("RHS") a registered broker dealer (member SIPC). Your cryptocurrency account is offered through Robinhood Crypto, LLC ("RHC") (NMLS ID: 1702840). Your spending account is offered through Robinhood Money, LLC ("RHY") (NMLS ID: 1990968), a licensed money transmitter. RHF, RHY, RHC and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC and RHS are not banks. Securities products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. Cryptocurrencies held in RHC accounts are not covered by FDIC or SIPC protections. RHY products are not subject to SIPC coverage but funds held in the Robinhood Money spending account and Robinhood Money card account may be eligible for FDIC pass-through insurance (see Robinhood Money Spending Account Agreement and Robinhood Prepaid Card Agreement).