Robinhood · Robinhood Customer Agreement · View original document ↗

Spending account offered through licensed money transmitter

Medium severity High confidence Explicitdocumentlanguage Common · 276 of 352 platforms
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This analysis describes what Robinhood's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology

ConductAtlas Analysis

Why it matters (compliance & governance perspective)

Identifying the licensed entity behind the spending account establishes which regulated party is legally responsible for that financial product.

Consumer impact (what this means for users)

The reader's spending account is held and operated by Robinhood Money, LLC, a separate licensed entity distinct from Robinhood's brokerage entities.

How other platforms handle this

Paramount+ Medium

When creating or updating your Account or purchasing a Subscription, you must provide true, accurate and complete information, including contact details which allow us to contact you easily and quickly.

Zillow Medium

Any non-binding quotes provided by the Zillow Companies for Third-Party Providers' financial products are not intended to be official Loan Estimates as defined in the Real Estate Settlement Procedures Act or the Truth in Lending Act...

Shopify Medium

If you would like to submit a legally binding request to demand someone else's Personal Data (for example, if you have a subpoena or court order), please review our Guidelines for Legal Requests.

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▸ View Original Clause Language DOCUMENT RECORD
"
The Robinhood Money spending account is offered through Robinhood Money, LLC, a licensed money transmitter.

— Excerpt from Robinhood's Robinhood Customer Agreement

Provision details

Document information
Document
Robinhood Customer Agreement
Entity
Robinhood
Document last updated
May 5, 2026
Tracking information
First tracked
July 9, 2026
Last verified
July 9, 2026
Record ID
CA-P-048966
Document ID
CA-D-00524
Evidence Provenance
Source URL
https://robinhood.com/us/en/about/legal/
Wayback Machine
View archived versions →
Content hash (SHA-256)
5e1cff2e86b716a1140933126ae324ada82622a3f6d3f68f7639c3ef7ac2d58e
Analysis generated
July 9, 2026 04:46 UTC
Methodology
summarize_document-v8
Evidence
✓ Snapshot stored   ✓ Hash verified
Citation Record
Entity: Robinhood
Document: Robinhood Customer Agreement
Record ID: CA-P-048966
Captured: 2026-07-09 04:46:37 UTC
SHA-256: 5e1cff2e86b716a1…
URL: https://conductatlas.com/platform/robinhood/robinhood-customer-agreement/provision/CA-P-048966/spending-account-offered-through-licensed-money-transmitter/
Accessed: July 13, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
Classification
Severity
Medium
Categories
Disclosure requirements

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Frequently Asked Questions

What does Robinhood's Spending account offered through licensed money transmitter clause do?

Identifying the licensed entity behind the spending account establishes which regulated party is legally responsible for that financial product.

How does this clause affect you?

The reader's spending account is held and operated by Robinhood Money, LLC, a separate licensed entity distinct from Robinhood's brokerage entities.

How many platforms have this type of clause?

ConductAtlas has identified this type of provision across 276 platforms. See the full comparison.

Is ConductAtlas affiliated with Robinhood?

No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Robinhood.