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Robinhood doesn't have customer service. If you need any kind of service that isn't accessible through the app, you're pretty much out of luck. That's why I onl
by brianpgordon 7y ago
Robinhood doesn't have customer service. If you need any kind of service that isn't accessible through the app, you're pretty much out of luck. That's why I only use it for stock picking as a hobby, and not for retirement savings.
Also, you don't get paid interest on uninvested cash balances. Cash in my Schwab checking and brokerage accounts automatically earns interest. Vanguard sweeps cash balances into one of their money market funds. But Robinhood pays nothing, and pockets the money instead.
- jldugger 7y ago> But Robinhood pays nothing, and pockets the money instead. Obviously nothing stops them from paying interest, but they did try that whole Federally insured deposits with interest stunt a while back before the commissioner stepped in to say 'na bro.'