It is a common query by new Robinhood users on activating the debit card. This guide is for you if you are also new users who recently set up a Robinhood account. Here we will share the step-by-step guide to activating a Robinhood debit card.
Robinhood debit cards will ensure cashless payments without any hassle. For example, if you are on an outing or shopping, then a Robinhood debit card is a perfect companion for you. The debit card comes with a cash management feature and allows you to turn your brokerage account into an offline wallet.
Now everyone can make an account on Robinhood and invest according to choice. Robinhood makes the whole process easy, along with debit card options.
Robinhood Debit Card
By setting your cash management feature on Robinhood accounts, you can get physical and virtual debit cards. If you want a physical debit card, you can choose a color like black, white, green, or white. It will allow you to make in-person transactions through online and smartphone apps. Moreover, the virtual debit card enables you to perform online payments through the Robinhood app at the play store or apple pay.
Activate your Robinhood Debit Card
To use the Robinhood card, you need to activate it first. Now here is the step-by-step guide to activating the Robinhood debit card.
Sign Up For Cash Management
If you want a virtual and physical debit card, you must set up your cash management at Robinhood account. You need to pass through the process like payment platforms, identification verification, and getting a social security number. Moreover, the Robinhood platform also asks for additional information your age must be above 18 years and citizenship documents or visa cardholder. You can get all the information on the official website.
Apply For the Card
Once you upgrade your cash management setting, you can apply for a debit card. The application for a debit card takes time for approval, and you will get an email along with your registered email ID. Email can also ask you for additional information if you need more information. The final approval takes around five to seven days.
Add a Payment Method
Now, after approval, you have the brokerage account. You can utilize the brokerage account either through direct or transfer deposit. But remember that Robinhood cards will fail to support your check deposits. You need to add the payment method to your account. Therefore, if your card has no balance, you cannot use your Robinhood debit card.
Navigate to Cash Tab
Once your application for a Robinhood card gets approved, it takes only a few days to deliver it home. After receiving your Robinhood card, you must launch the application on your device and visit the official site. Log in at robin hood and navigate to the cash tab.
In the end, go to “Have You Received Your Card?” and it displays your balance, history, and other information.
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