Answer
Yes, Robinhood is SIPC-insured, but checking and savings accounts must be FDIC-insured.
Can We Trust Robinhood with Our Money? | Robinhood’s Cash Management
A warning about Robinhood’s 3% Checking Account…
Can I trust Robinhood with my bank account?Yes, Robinhood is SIPC-insured, but checking and savings accounts must be FDIC-insured.
