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Robinhood developing early direct deposit access, app code shows

September 2, 2021

Trading app Robinhood is developing the capability for users to receive their paychecks by direct deposit up to two days early, Bloomberg reported Wednesday.

The upcoming functionality was found within a beta version of a soon-to-be-published update to Robinhood’s iPhone app. The feature, to be called Early Direct Deposit, won’t have fees and will be accessed within the company’s existing direct-deposit option, according to app code seen by a developer.

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