What is the coverage limit for FDIC insurance on Robinhood accounts?

3 answers

• Apr 29, 2022 · 3 years ago
  The 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.
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• Apr 29, 2022 · 3 years ago
  The 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.
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• Apr 29, 2022 · 3 years ago
  The 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.
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