Robinhood collects highly sensitive identity and financial data including your Social Security number, passport number, driver's license number, bank account numbers, and credit card numbers as part of its standard account and service operations.
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
Collection of Social Security numbers and government-issued ID numbers alongside financial account numbers represents a concentration of data that, if improperly disclosed, could enable identity theft or financial fraud; users should understand the breadth of sensitive identifiers collected.
The updated privacy policy reorganizes how Robinhood discloses its handling of financial information, now grouping GLBA-regulated disclosures by individual service entity with updated reference links rather than listing all entities in a single section. The policy also removed coverage of Robinhood Social, meaning privacy practices for that social media product are no longer described in this statement. The revised policy clarifies that it applies when you are logged into services or interact through online customer service channels, and directs users to a separate Robinhood Markets US Online Privacy Statement for information about non-financial data collection practices.
View change record →Removal of explicit enumeration of sensitive financial and identity data collection may reduce transparency about what specific personal information is gathered.
View full change record →The policy states Robinhood collects Social Security numbers, passport numbers, driver's license numbers, bank account numbers, and credit card numbers, meaning a broad set of identity and financial credentials is held on file in connection with Robinhood accounts.
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to request that your data be transferred to a third party (data portability)
Your organization may allow you to access and export your data in order to back it up or transfer it to a service outside of Google.
To stop us collecting your location information, you can update your device settings, stop using the Service, or uninstall our mobile apps.
"Identifiers, such as name, alias, postal address, unique personal identifier, online identifier, Internet Protocol address, email address, account name, Social Security number, driver's license number, passport number, or other similar identifiers. Personal information described in the California Customer Records statute, such as name, signature, Social Security number, physical characteristics or description, address, telephone number, passport number, driver's license or state identification card number, insurance policy number, education, employment, employment history, bank account number, credit card number, debit card number, or any other financial information.Excerpt from Robinhood's Privacy Policy
1) REGULATORY LANDSCAPE: Collection of Social Security numbers and government-issued ID data implicates the GLBA Safeguards Rule (enforced by the FTC and CFPB for non-bank financial institutions), the FCRA for credit-related data, and state data …
Enforcement risk, jurisdiction flags, contract triggers, and due diligence action items.
Ad personalization controls removed. Contact scanning added. Advertiser data partnerships quietly dropped. A timeline of every change.
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Collection of Social Security numbers and government-issued ID numbers alongside financial account numbers represents a concentration of data that, if improperly disclosed, could enable identity theft or financial fraud; users should understand the breadth of sensitive identifiers collected.
The policy states Robinhood collects Social Security numbers, passport numbers, driver's license numbers, bank account numbers, and credit card numbers, meaning a broad set of identity and financial credentials is held on file in connection with Robinhood accounts.
ConductAtlas has identified this type of provision across 290 platforms. See the full comparison.
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