Are there any fees associated with the cash sweep program for cryptocurrency holdings on Robinhood?

5 answers

• SherryMar 21, 2024 · 2 years ago
  Yes, there are fees associated with the cash sweep program for cryptocurrency holdings on Robinhood. When you participate in the program, your uninvested cash is swept into a network of program banks, and Robinhood earns interest on the deposits. However, Robinhood does not charge any fees directly to the customers for participating in the program. It's important to note that the program banks may charge fees for certain services, such as wire transfers or stop payments. So, while Robinhood itself doesn't charge any fees, you may still encounter fees from the program banks.
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• Sheng QinSep 14, 2023 · 3 years ago
  No worries! There are no fees directly charged by Robinhood for participating in the cash sweep program for cryptocurrency holdings. However, keep in mind that the program banks may have their own fee structures for certain services. So, it's a good idea to review the terms and conditions of the program banks to understand any potential fees that may apply.
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• bxm0718Nov 06, 2022 · 3 years ago
  Absolutely! The cash sweep program for cryptocurrency holdings on Robinhood does have associated fees. However, these fees are not charged by Robinhood itself. Instead, they are charged by the program banks where your uninvested cash is swept. Robinhood doesn't earn any fees directly from customers for participating in the program. It's always a good idea to review the terms and conditions of the program banks to understand the specific fees that may apply.
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• latest infomation blogMay 30, 2024 · 2 years ago
  Yes, there are fees associated with the cash sweep program for cryptocurrency holdings on Robinhood. However, these fees are not charged by Robinhood directly. Instead, they are charged by the program banks where your uninvested cash is held. Robinhood earns interest on the deposits made in these program banks, but they don't charge any fees to customers for participating in the program. It's important to review the terms and conditions of the program banks to understand the fees that may be applicable.
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• Apisit PakdeemekhanonOct 24, 2024 · a year ago
  When it comes to the cash sweep program for cryptocurrency holdings on Robinhood, there are fees involved. However, these fees are not charged by Robinhood itself. Instead, they are charged by the program banks where your uninvested cash is held. Robinhood earns interest on the deposits made in these program banks, but they don't charge any fees to customers for participating in the program. Just keep in mind that the program banks may have their own fee structures for certain services, so it's always a good idea to review their terms and conditions.
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