Robinhood Banking makes it simple to manage your money, track your net worth, and grow your savings—all in one app. Below you’ll find everything you need to get started, including details on account types, limits, fees, and helpful comparisons.

Your banking benefit tier is determined by your Assets Under Custody (AUC) and direct deposit activity.

• AUC (Assets Under Custody) = equities, cryptocurrencies, and cash held in Robinhood (excluding margin).
• Excluded: Crypto wallets (self-custodied) and margin balances.

Direct deposit requirements

• You’ll have a limited preview for 60 days from when your account is opened to explore and enjoy your direct deposit benefits. To keep those benefits long-term, just maintain your Robinhood Gold subscription and make sure to set up a direct deposit of at least $1,000 per month into your checking account within that timeframe.
• Not meeting the direct deposit requirement before the limited preview ends, or in any subsequent calendar month, may result in a downgrade.
• Recurring transfers from other banks aren’t considered direct deposits. Direct deposits must come from an employer or indicate that it's a payroll transaction.

Checkout Banking tiers, limits, and fees for more details.

Your daily transfer limits and fees may vary depending on your tier. Review Banking tiers, limits, and fees for more information.

Fees (with qualifying direct deposit)

Review Banking tiers, limits, and fees for more information.

Robinhood Banking automatically tracks your assets and liabilities to give you a full picture of your net worth.

• Link external bank accounts, real estate, loans, and credit cards for a complete view.
• See trends over time with charts and breakdowns by category.
• Use insights to manage debt, savings goals, and investments.
• Personalize your views by hiding accounts or excluding certain account balances from your total net worth.
• Refresh data with a click of a button (refresh icon in the top right corner).

Key features included with a checking account:

• Cash delivery (in select regions as we continue to expand)
• A Robinhood debit card for everyday purchases
• Free ATM withdrawals at in-network ATMs (when you have direct deposit enabled)
• FDIC insured up to applicable limits
• Order a physical checkbook
• Mail a check
• Mobile check deposit

Key features included with a savings account:

• Earns APY on deposits when qualifying direct deposit is enabled in your checking account
• FDIC insured up to applicable limits
• Create savings goals in the app and track progress

*Monthly/annual Gold subscription fee still applies. Fees for other features may also apply depending on your benefits tier.

You can share checking and savings accounts (and the benefits) with others while managing their access. Check out Child and joint accounts for more information.

Once you receive your invite, you can select Get started in the email, or follow these steps:

1. Open the Credit Card app and go to the Banking tab
2. Select Get started
3. Follow the prompts and enter your information

Next, you can explore your tier benefits, set up direct deposit, and start tracking your net worth.