Robinhood partners with Gopuff to offer cash delivery service

Robinhood Markets, Inc. has teamed up with delivery startup Gopuff to enable users to withdraw cash from their brokerage accounts and have it delivered to their doorstep. The service charges delivery fees of $6.99 for retail customers and $2.99 for users holding $100,000 or more in assets across their Robinhood accounts. This development marks a significant expansion of Robinhood’s financial services for greater user convenience.

Source Yahoo Finance

This partnership offers Robinhood’s clients a new option to receive cash conveniently at home, which suits today’s fast-paced lifestyle. The fee structure encourages active investors with substantial assets to take advantage of discounted delivery rates.

Looking ahead, this service could broaden Robinhood’s financial product offerings and enhance customer loyalty by providing a more integrated and convenient financial experience.