“Robinhood Markets Inc. plans to launch a spending account feature alongside a new cash card with rewards, its latest push to grow beyond its core brokerage business…The spending account will be operated under a subsidiary. An accompanying upcoming Robinhood Cash Card will allow spending with cashback and offer the ability to automatically invest spare change from spending. It will also provide weekly bonuses between 10% and 100% for invested spare change.”
Robinhood Plans Spending Account Service Alongside New Cash Card
Bloomberg
