On December 13, a commission-free investing app Robinhood announced checking & savings accounts which earns users 3% interest, features no fees, access to over 75,000 free ATMs, 24/7 customer support, and a personalized debit card.
According to the announcement, users will earn 3% on their money in both Checking & Savings accounts, and interest compounds and is paid out daily.
Robinhood Checking & Savings has no minimum balance, no monthly fees, no overdraft fees, and no foreign transaction fees.
In addition, with Robinhood Checking & Savings users get a personalized debit card that can be used for free cash withdrawals at over 75,000 ATMs across the country. Users can also use the Robinhood app to find the closest free ATM, pay bills, deposit or mail checks, and chat with customer support 24/7.
People can sign up for early access and reserve their debit card in one of four designs. The Robinhood debit cards will be ready to ship starting January 2019.
The link to sign up and reserve the debit card is available in the Robinhood official announcement.