Robinhood is launching bank accounts that will deliver physical cash ‘to your doorstep' [Verge, The]
Coastal Financial Corporation (CCB)
Last coastal financial corporation earnings: 4/27 09:25 am
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Source: Verge, The
Robinhood is getting closer to becoming a full-fledged financial service. On Wednesday, the company announced a wholly online banking platform that will offer checking and savings accounts to Robinhood Gold subscribers when it launches this fall. The platform, called Robinhood Banking, will let users access their accounts, as well as send and receive money through the Robinhood Credit Card app. It even attempts to make up for not having a physical location by having physical cash “delivered on-demand right to your doorstep.” There still aren't many details about how this will work, but Robinhood says “coverage varies based on geographic location.” Robinhood Banking promises a 4 percent annual percentage yield (APY) and FDIC insurance of up to $2.5 million on accounts. The company notes that since it's not an FDIC-insured bank, it's offering “pass-through” insurance provided by FDIC member Coastal Community Bank. Pass-through insurance involves insuring people's funds by holding t
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- Coastal Financial (NASDAQ:CCB) had its price target raised by analysts at TD Cowen from $140.00 to $155.00. They now have a "buy" rating on the stock.MarketBeat
CCB
Earnings
- 10/30/25 - Miss
CCB
Sec Filings
- 12/11/25 - Form 4
- 12/9/25 - Form 4
- 12/8/25 - Form 4
- CCB's page on the SEC website