Robinhood Cash Management Vs. Spending Account | What You Need To Know

In this video we are covering the difference between a Robinhood cash management and a Robinhood spending account. We cover what the differences are and more!
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[@alexperdigon5801]

I recently opened up a Robinhood account. It won’t let me apply for the card. What can I do? Or should I just wait?

[@JP-vx2sr]

Nice

[@orangedrone]

Hate to say it but I think your TV is infected with Ophiocordyceps unilateralis

[@BaBeGhostz]

Is the transfer from spending to brokerage cash instant?

[@mlc2537]

Yes, in the app FAQs on the topic it says it is instant between the two.

[@richard1493]

Yes, transfers are instant and fee-free because both accounts are internal to Robinhood. Source: FAQs

[@famouslouis2090]

@@mlc2537 how is it done please

[@clrushing12]

No

[@famouslouis2090]

Hello I need your help, I have money on my spending account in robinhood, can I buy crypto with it?

[@Unknown-hu4gf]

Are they shutting down the old cash management accounts if you have one?

[@richard1493]

Yes. They are prompting users to upgrade before 16 May when cash management accounts are set to close. I’m currently holding off until the last minute to see if they’ll offer any incentive.

[@Unknown-hu4gf]

@@richard1493 Thanks!