Robinhood is not a traditional bank. It is an electronic trading platform that serves as a checking and savings account. The Robinhood cash management account is like a savings account but offers a much higher APY than traditional banks. It is similar to a checking account because the client is provided with a debit card that can be used for purchases and withdrawals at 75,000 ATMs worldwide.
Robinhood serves 31 million clients and has a massive waitlist for its cryptocurrency wallet. The company shows assets of $19.77 billion. Robinhood’s headquarters are located in Menlo Park, California. This cash management account offers free stock, options, ETF, and cryptocurrency trades to its clients. Robinhood allows clients to build their financial portfolio with as little as one dollar.
Robinhood Bank Statement Template
Robinhood sends monthly account statements by email. Clients can access their monthly account statements directly from the Robinhood App. Open the Robinhood App and click the Account icon found at the bottom right corner of the screen. Click Statements & History, and a list of your accounts will show up. Choose the account that you would like the monthly statement for.
Clients can also access their yearly account statements for income tax purposes in Tax Documents. You can access your current account activity by simply opening the account icon and choosing which account you would like to see. Statements can be downloaded and saved. Robinhood will also mail paper copies of statements to their clients for a fee of $5 a month.
A Robinhood bank statement will provide all of the financial transactions that have happened for the month of the statement. This included deposits, withdrawals, and trades. The statement will also include your name, contact information, and your account number. Robinhood’s monthly account statements are a snapshot of how the client is doing financially.