How To Get Robinhood Debit Card?

Robinhood debit card

The demand for a Robinhood Debit Card in the US is at its top. With the amazing features it has, people are taking more interest in getting a Robinhood Debit Card.

But before getting a Robinhood Debit Card, people must have a clear knowledge about it and how it works? 

What Is Robinhood Debit Card?

The Robinhood debit card can be said to any other Debit Card which easily converts the online allowance/brokerage account into your offline wallet.

Meaning, it makes you able to spend the money ( that you have earned from the investments) easily. It too provides you with a specific interest in case the funds are available in your account. 

People can easily start their investment journey with the help of Robinhood; especially the Robinhood Debit Card ( that acts as a wallet). The specialty of the Robinhood debit card is it offers a lot of services. 

How To Get Robinhood Debit Card?

You can get your Robinhood Debit Card by customizing your Robinhood brokerage account to a Cash Management account. By upgrading the Robinhood account to a banking account. 

This is how you can use your Virtual & in-person Debit Card. While applying for your Robinhood Debit card, you have an option to choose the colors and design of the card. The colors are – Green, White, Black & American flags.

Once you get your physical Card after the completion of the entire procedure, you have to activate it, and then you’ll be conveniently using it and spending according to you. 

How To Get Robinhood Debit Card Faster? 

You can get a Robinhood Debit Card Faster by soon upgrading your brokerage account to a cash management account.

As soon as you are done with upgrading your account after the Account set-up procedure, you can apply for a Robinhood Debit Card.

In case you fail to customize your Robinhood Account to the Cash Management Account, the procedure to get Robinhood Debit Card Faster will be delayed.

Also Read: How to Activate Robinhood Debit Card?

How Long Does It Take To Get A Robinhood Debit Card?

You won’t have to wait long after you apply for the Robinhood Debit Card. Although you’ll get access to your virtual Robinhood Debit Card right after you apply for it.

With the physical Card, you’ll get at least to five-seven days of your application.

Robinhood Debit Card Customer Service

Robinhood Debit Card Customer Service is very active at handling customers’ queries and providing them with the right information.

To connect with Robinhood Debit Card Customer Service, you can schedule a meeting over the call with them, once you schedule it, one of their representatives will get back to you.

you can share all the details or queries with them over the call. After listening to your call, they will provide a solution for that.

Robinhood ATM Locations

Robinhood ATM Locations are the present wide world. Meaning, you can use your physical Robinhood Debit Card to withdraw the Cash at any in-network ATM.

To find which ATM network is for you to get the cash, you can use your Robinhood app. Your Robinhood app will show you your Robinhood ATM Location.

Robinhood Debit Card Fees 

Robinhood Debit Card, in general, does charge a fee when you are internationally using the Debit Card. But, if you’re using the Robinhood Debit Card for transactions other than USD, you’ll have to pay a fee ( conversion fee) for it.

Meaning, if you are using your Robinhood Debit Card to pay a fee that is of the other currency, you’ll be charged a fee.

Robinhood Debit Card Waitlist

If you’re applying for a physical Robinhood Debit Card, the application procedure is a bit longer. You have a wait for 6-7 days after the application for a Robinhood Debit Card.

This is the fixed time. And according to this waitlist, you’ll get it as per your serial number.

Also Read: Robinhood Business Model | How Robinhood Make Money?

Is Robinhood Debit Card Safe?

Yes, the Robinhood Debit card is safe. We can say that Robinhood Debit Card is safe as it has specific protection ( MasterCard zero liability ) on it. To uphold the customers’ privacy, it provided you with SIPC and FDIC- insured Debit Cards.

Is Robinhood Debit Card Free?

Yes, Robinhood Debit Card is free for you if you’re in the frequent use of Robinhood for different purposes like – trading & investments.

Even if you have lost your existing Robinhood Debit Card, you won’t have to pay a fee for the new Card; the New Card will be given to you without any fee.

Robinhood Debit Card Interest Rate

Against your uninvested amount present in your Robinhood Debit Card, you’ll be paid an interest of 0.30%. This shows, you only won’t have to make any purchase to get the interest.

How To Put Money On A Robinhood Debit Card?

You can easily add money to your Robinhood Debit Card by using platforms like – Skrill or PayPal. You have transferred the money to your Robinhood Debit Card from your account by enabling these applications as the channel of transfer. 

What Bank Does Robinhood Debit Card Use?

Robinhood Debit Card has an exclusive partnership with Sutton Bank. Robinhood Debit Card partners with Sutton Bank for the transactions.

Also Read: How To Turn Off Instant Settlement In Robinhood?

Does Robinhood Debit Card Affect Credit Score?

Absolutely no. Having a Robinhood Debit Card with you will in no way affect your Credit Score. If some sources are spreading such information, then don’t believe it. This is baseless.

Why Is My Robinhood Debit Card Restricted?

Your Robinhood Debit Card will be restricted in case you don’t have enough funds in your Robinhood Account for your use. Or if you have exceeded the transaction or withdrawal limit.

Summing Up

Now that you have known about the queries which you must be facing related to the Robinhood Debit Card, you better go further.

Robinhood Debit Card isn’t a scam or worthless. Therefore, don’t believe in the blind articles; if you feel like getting it, go and get it.