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Robinhood News for December 2018
Robinhood has announced that they will now offer a savings account with an industry leading 3% interest rate.
Last Updated: December 14, 2018
What’s Robinhood?Robinhood is a mobile trading application that makes it easier than ever for mainstream users to buy and sell the hottest stocks and virtual currencies. Ready to make traders of us all, Robinhood puts the power of Wall Street at your fingertips—and its profits in your pockets.
There’s money to be made with the right tools at hand. Robinhood is that tool
What’s the scoop on Robinhood?So Robinhood’s all about giving the little guy a helping hand.
That’s why Robinhood’s ditched trading commissions. They won’t be taking $10 off the top of your trades like traditional outlets do.
The high-tech nature of the company gives it less overhead, meaning they don’t need to impose costly fees on their customer base. They just want to keep their traders happy and trading.
The Robinhood app is also super intuitive and streamlined, making it incredibly easy to manage your portfolio on the go, anywhere and anytime.
What’s this Robinhood free stock referral bonus I’ve heard about?Robinhood’s got a sweet deal you won’t want to miss out on.
If you use the company’s latest free stock referral bonus, you’ll be entered into a pool of users where free shares will be randomly assigned—these shares could be worth anywhere between $2.50 and $200!
Which share you get is up to the luck of the draw, as shares are distributed throughout the pool randomly and based on what’s popular on that given day.
To use this referral bonus, you’ll want to click here and then head over to Robinhood’s site where you’ll sign up and claim your bonus.
After that, invite friends to the app to earn more shares!
You can win shares from companies like Apple, Ford, Sprint, and many more.
If I want to reach Robinhood, how can I reach them?To begin, try calling them. They’ve got a helpful support team on standby ready to help you with anything you need—basic questions or technical problems and anything in between.
Robinhood’s phone number is 1 (650) 940 2700.
What are the account opening requirements?Per Robinhood’s terms of service, you must meet the following requirements to open an account through their app:
- You have to be 18 years or older.
- You have a valid Social Security Number
- You have have a legal U.S. residential address within the 50 states or Puerto Rico
- And you have to be a U.S. citizen, U.S. permanent resident, or have a valid U.S. visa
How do I link my bank account?If you have a major bank, you’ll want to take the following steps:
- Find your account menu on the Robinhood app
- Click on the Banking tab
- Click on the Linked Accounts tab
- Click on the Add New Account tab
- Select your bank from the list of provided banks
- Input banking username and password
- Select the account you'd like to have linked
You’ll be asked to receive two small microtransactions that you’ll use to verify your account.
Additional Financial Codes: Coinbase Referral Link