Robinhood shares user personal information with banks, payment processors, business partners, lawyers, and auditors, as well as service providers who process data on Robinhood's behalf.
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
Sharing with financial partners and business partners who jointly offer products or services may involve disclosure of financial account data, transaction history, and identity information to entities outside the Robinhood corporate family.
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 →The policy authorizes disclosure of personal information to banks, payment processors, financial institutions, and business partners offering joint products, meaning personal and financial data may be shared with a range of external entities depending on which Robinhood products a user has.
How other platforms handle this
We may share your personal information with third parties in the following circumstances: With service providers who perform services on our behalf, such as data analytics, marketing, customer service, and technology services. With financial partners, including banks, brokerage firms, and payment pr...
We may share your information with third parties that perform services on our behalf, such as payment processing, data analysis, email delivery, hosting services, customer service, and marketing assistance. We may also share your information with business partners who offer products or services that...
Our Service Providers: We share your Personal Information with third-party service providers that provide services on our behalf; for example, we use Stripe (a third party payment provider) to receive and process your credit card transactions for us. Such third parties further include, but are not l...
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"We may share your personal information with: Service providers who perform services on our behalf. Financial partners, such as banks, payment processors, and financial institutions. Professional advisors, such as lawyers, auditors, and insurers. Business partners with whom we jointly offer products or services.— Excerpt from Robinhood's Robinhood Privacy Policy
1) REGULATORY LANDSCAPE: Sharing with financial partners and service providers engages GLBA joint marketing and service provider disclosure rules, CCPA service provider and contractor definitions, and FCRA permissible purpose requirements for credit-related data. The FTC and CFPB have authority over these sharing practices. 2) GOVERNANCE EXPOSURE: Medium. The policy's reference to sharing with business partners for jointly offered products or services requires careful contract structuring to ensure those partners are bound by appropriate use restrictions and do not receive data beyond what is permitted for the stated purpose. 3) JURISDICTION FLAGS: All US jurisdictions are affected given the federal GLBA framework. California heightens exposure due to CPRA service provider and contractor classification requirements; if business partners are not properly classified, the sharing may constitute a sale requiring opt-out. 4) CONTRACT AND VENDOR IMPLICATIONS: Each financial partner and business partner receiving personal information should have a written contract defining permissible uses, data security requirements, and obligations to support consumer rights requests. CPRA requires that service provider and contractor contracts include specific provisions prohibiting certain uses. 5) COMPLIANCE CONSIDERATIONS: Legal teams should audit all financial partner and business partner data sharing agreements to confirm GLBA notice requirements are satisfied and CCPA contractor or service provider obligations are contractually secured. Joint marketing arrangements require specific GLBA notice disclosures.
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Sharing with financial partners and business partners who jointly offer products or services may involve disclosure of financial account data, transaction history, and identity information to entities outside the Robinhood corporate family.
The policy authorizes disclosure of personal information to banks, payment processors, financial institutions, and business partners offering joint products, meaning personal and financial data may be shared with a range of external entities depending on which Robinhood products a user has.
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Robinhood.