The cash in your Robinhood spending account that’s held at or transferred to JP Morgan Chase Bank, N.A., which is an FDIC-insured institution. While there, your cash is insured up to $250,000 by the FDIC.

No. Your spending account is a stored value account. Robinhood Money isn't a bank. The Robinhood Cash Card is a prepaid card issued by Sutton Bank.