Can I switch to a cash account from a Robinhood account?

You can switch to a cash account from either a Robinhood Instant or a Robinhood Margin account. You can only switch to or from a cash account once per trading day. Also, if you made a day trade before switching to a cash account, you have to wait 5 trading days after that trade to switch back.

What is the Robinhood cash card?

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard®. Round-ups and rewards are sent from your spending account with, and are a service of , Robinhood Money . You authorize the transfer of round-ups from your spending account with Robinhood Money to your Affiliate accounts.

What is brokerage cash balance on Robinhood?

What is the brokerage cash balance on Robinhood? Simply put, brokerage cash on Robinhood is the value of the cash in your brokerage account — as opposed to stocks or crypto — but it isn't necessarily the same as your “buying power” because brokerage cash can include money that hasn't settled yet.

Why do day traders choose Robinhood cash?

Day traders sometimes choose the Robinhood Cash option because Robinhood Cash accounts aren’t subject to the same pattern day trading restrictions as Robinhood Instant and Robinhood Gold accounts. However, Robinhood users on Reddit have shared their experiences with Robinhood Cash. Many of the reviews are negative.