The Robinhood financial application recently announced that beginning in January 2019, it will start sending invitations to its customers to open savings and current accounts. Banking services seek to offer greater profitability to users than those of traditional banking.
Regarding the new accounts, it was known that they will be exempt from the payment of maintenance fees and that they will obtain a profit margin of 3% on the balance held by the client.
Other services that will also enable Robinhood is the issuance of checks. Customers will also have a MasterCard debit card through Sutton Bank that can be used in more ATMs than those authorized by the five major banks in the United States since December 18th.
The bet of the application is to achieve an optimal positioning in the banking market thanks to the digital platform, as opposed to the traditional system that requires a high investment in physical agencies and the administrative expenses that this generates.
Robinhood promises greater profitability and profits to users of the platform, with this innovative approach that will begin in 2019. However, it is still necessary to convince the more than 300 clients of security and transaction support.
M.Pino
Source: Diario Bitcoin
Receive this and all our information directly on your cell phone through our channel on Telegram:https://t.me/BitFinanceNews