What is the coverage limit for FDIC insurance on Robinhood accounts?
Burch MadsenNov 26, 2021 · 3 years ago3 answers
Can you explain the coverage limit for FDIC insurance on Robinhood accounts in detail?
3 answers
- Nov 26, 2021 · 3 years agoThe coverage limit for FDIC insurance on Robinhood accounts is $250,000 per account. This means that if Robinhood were to go bankrupt, each account would be insured up to $250,000 by the FDIC. It's important to note that this insurance only applies to cash held in Robinhood accounts and does not cover investments in stocks, bonds, or other securities.
- Nov 26, 2021 · 3 years agoThe FDIC insurance coverage limit on Robinhood accounts is $250,000. This means that if Robinhood were to fail, the FDIC would insure each account for up to $250,000. It's important to keep in mind that this insurance only applies to cash deposits and not to investments in cryptocurrencies or other assets.
- Nov 26, 2021 · 3 years agoThe coverage limit for FDIC insurance on Robinhood accounts is $250,000 per account. This means that if Robinhood were to become insolvent, the FDIC would insure each account for up to $250,000. However, it's worth noting that Robinhood is not a member of the FDIC, so the insurance coverage is provided through a partner bank. It's always a good idea to review the specific terms and conditions of the insurance coverage before making any decisions.
Related Tags
Hot Questions
- 91
How does cryptocurrency affect my tax return?
- 91
What is the future of blockchain technology?
- 84
How can I buy Bitcoin with a credit card?
- 45
What are the tax implications of using cryptocurrency?
- 38
What are the best practices for reporting cryptocurrency on my taxes?
- 33
Are there any special tax rules for crypto investors?
- 22
How can I minimize my tax liability when dealing with cryptocurrencies?
- 19
What are the best digital currencies to invest in right now?