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The banks involved in the Robinhood Cash Sweep program are JPMorgan Chase, Citibank, and Wells Fargo.

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5mo ago

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What is the purpose of the Robinhood Cash Sweep feature and how does it work?

The purpose of the Robinhood Cash Sweep feature is to automatically move any uninvested cash in a user's account into a network of program banks to earn interest. This helps users earn a small return on their idle cash while keeping it easily accessible for trading or withdrawals.


Can you explain how the Robinhood cash sweep feature works?

The Robinhood cash sweep feature automatically moves your uninvested cash into interest-bearing accounts at partner banks, helping you earn a small return on your idle funds. This feature ensures that your money is not sitting idle and is working for you even when you're not actively investing it.


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Can you explain how Robinhood's interest feature works?

Robinhood's interest feature allows users to earn interest on their uninvested cash in their brokerage account. The cash is swept into partner banks where it can earn interest, providing users with a way to potentially grow their money while it's not being used for investments.


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