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Robinhood Cash Card Review for 2026
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Review of Robinhood’s Cash Card
Main discoveries:
• Robinhood customers can get a free cash card by opening a spending account.
• Robinhood’s cash card comes with several great perks, such as round ups.
• It is not possible to link a Robinhood cash card to a brokerage account.
If you thought Robinhood was just for investing, you should think again. The broker-dealer has a useful cash card that can be used for everyday spending needs. Here's the rundown:
Spending Account
Robinhood's cash card can only be obtained through a spending account. A brokerage account at Robinhood
does not come with the cash card. Thus, to get the cash card you must open a spending account.
The spending account is designed for exactly what it sounds like...spending. Thus, the card-account
combo comes with all sorts of features designed for daily cash needs.
Robinhood Cash Card
Robinhood's cash card is a Mastercard prepaid card. Technically, it is not a debit card or
credit card. The way the card works is money from the spending account is automatically loaded
onto the card. The amount moved is equal to 2 times the average daily spend during the previous calendar month.
Robinhood is not a bank and does not issue the cash card; the card is made possible through a partnership
with Sutton Bank, a member of FDIC. Within the program guidelines of the FDIC, money loaded onto
the prepaid card is eligible for FDIC insurance.
Using the Robinhood Cash Card
The Robinhood cash card can be used anywhere Mastercard is accepted, generally speaking.
ATMs, bank tellers, online transactions, and point-of-sale terminals are all fair game. Robinhood
does issue its cash card initially as a virtual card, so it can be added to Apple Pay and Google Pay.
The one caveat here, as already alluded to, is when the card won't be accepted. Robinhood does not
permit use of its card in some international locations, so be sure to check with the firm before travelling outside the U.S.
Inside the U.S., Robinhood has partnered with MoneyPass and Allpoint to create a large network of ATMs for its customers.
Robinhood Promotion
Visit Robinhood Website
Robinhood Cash Card Benefits
The cash card at Robinhood comes with a host of nice benefits, all at no additional cost. They include:
- Round ups that convert into fractional stocks and cryptocurrencies ($1 minimum purchase required)
- Cash back from participating brands
- Zero liability through protections from Mastercard
Robinhood Cash Card Fees
Robinhood's spending account and cash card have no recurring fees or minimums. There is no monthly or annual fee for either one, and there are no other fees for inactivity, activation, or low balances. There are no fees to make a purchase or to check a spending account's balance at an ATM.
There is one point at which Robinhood will charge a fee: ATM withdrawals. Each withdrawal at an
ATM costs $2.50. This fee is assessed at both network and out-of-network machines. If the withdrawal is made out of network, there will probably be an additional fee from the out-of-network machine; Robinhood does not reimburse these fees.
Robinhood will refund its own ATM fee if you have a direct deposit of at least $300 coming in every month.
Getting the Robinhood Cash Card
As already mentioned, in order to have the cash card you must have Robinhood's spending account. So
that's the first step: open the spending account. This is easy enough to do on the Robinhood site; click on the link at the top for Spending. Follow the on-screen instructions to open the spending account. Once open, you'll need to request a physical card if you want one.
Updated on 3/13/2026.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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