Robinhood will bring cash to your doorstep. Here's when cash still comes in handy.

Robinhood (HOOD) is partnering with Gopuff — a nutrient and portion transportation app — to let customers to retreat wealth from their Robinhood slope accounts and person it delivered for a fee, according to a study successful the Wall Street Journal.

The transportation interest ranges from $2.99 to $6.99, depending connected your relationship balance.

Robinhood Banking’s currency transportation work has already rolled retired successful New York and volition motorboat successful a fewer different large cities successful the coming months, including San Francisco, Philadelphia, and Washington, D.C. Customers indispensable beryllium members of Robinhood Gold and indispensable person nonstop deposits of astatine slightest $1,000 a period acceptable up to their Robinhood slope accounts.

The currency transportation work volition beryllium available, astatine slightest initially, from 9 a.m. to 7 p.m. each day, according to Gopuff co-CEO Yakir Gola.

“Everything gets delivered to their location from burritos to medicine,” said Robinhood Money vice president and wide manager Deepak Rao successful an interrogation with the Wall Street Journal. “Why not cash? Now ideate immoderate crushed you could ever deliberation of for going to the bank.”

Read more: How to prevention cash: 7 ways to support and turn your liquid savings

Cash whitethorn person been king successful the past, but it’s not truly each astir the benjamins anymore. In fact, according to an investigation by Capital One, 47.8% of American adults marque nary currency purchases successful a emblematic week. In the U.S., an estimated 87.4% of each transactions are present cashless.

Still, experts accidental determination are instances erstwhile utilizing currency could marque consciousness — and adjacent assistance you save.

“It makes consciousness to usage currency alternatively of integer payments erstwhile you privation tighter spending control, erstwhile tiny merchants complaint paper fees, erstwhile you privation privacy, oregon erstwhile you request reliability during outages,” said Andrew Latham, a certified fiscal planner with SuperMoney.com, noting that probe supports the thought that consumers thin to walk much erstwhile utilizing integer outgo methods due to the fact that it removes the “pain of paying” oregon that feeling of carnal currency leaving your wallet each clip you marque a purchase.

On the upside, utilizing currency to screen definite purchases tin assistance you debar merchant recognition paper fees and support your privateness due to the fact that determination is nary insubstantial way erstwhile you wage for a acquisition successful cash. It tin besides enactment arsenic a information nett successful the lawsuit of a powerfulness outage oregon paper web failure.

Read more: Best cash-back recognition cards for 2025

Should you determine to hop connected the bandwagon, it’s important to cognize however to negociate your currency responsibly and however to support it safe.

First off, deliberation astir however overmuch currency you program to carry. Ultimately, carrying astir a immense sum of currency successful your wallet is risky due to the fact that if idiosyncratic gets their hands connected it, there’s nary mode of recovering that money. However, immoderate merchants lone judge cash, truthful determination whitethorn beryllium situations wherever it’s indispensable to person immoderate carnal currency successful your wallet.

“Most radical bash good keeping betwixt $40 and $100 successful their wallet, depending connected wherever they unrecorded and however often they tally into cash-only situations,” said Latham. “This magnitude typically covers tipping, parking, section vendors, and emergencies. If you are going to a market, festival, oregon traveling, it makes consciousness to transportation betwixt $100 and $200 successful smaller bills.”

Ultimately, you don’t privation to overdo it. Carrying astir excessively overmuch currency not lone poses a imaginable hazard of losing it, but it besides means your currency isn’t generating immoderate involvement conscionable sitting successful your wallet. By putting your wealth successful a high-yield savings account, you could springiness it a accidental to gain involvement implicit time.

Still, if you bash request currency successful a pinch, you whitethorn beryllium capable to skip a travel to the ATM and bid it from the comfortableness of your home.

Read more: 5 communal mistakes radical marque erstwhile 'cash stuffing'

There are instances, however, erstwhile paying successful currency could outgo you, and it could marque consciousness to swipe your debit paper instead. Some of those instances include:

1. Sporting venues: Many stadiums lone judge integer outgo methods due to the fact that determination are truthful galore radical successful attendance and currency payments would dilatory things down, starring to longer lines and less transactions. In immoderate cases, your currency whitethorn not beryllium accepted.

2. Entertainment venues: Many amusement venues whitethorn not judge currency oregon mightiness complaint a interest for utilizing it (think: zoos, amusement parks, and arcades). These places privation to support transactions speedy and elemental and whitethorn inquire you to load a prepaid paper with your currency alternatively of paying with carnal cash.

3. Utility companies: It is inactive imaginable to wage for definite bills with cash, but it whitethorn not beryllium worthy your while. Covering your bills successful currency whitethorn incur an further charge, and there’s the added travel to the convenience oregon cause store to marque your payment.

4. Parking tickets: Getting deed with a parking summons tin beryllium a existent fiscal drag, but it could enactment an adjacent bigger dent successful your fund if you determine to wage for that summons successful currency — doing truthful could adhd an further interest connected apical of the penalty.

5. Toll charges: Many tolls person gone cashless and volition nonstop you a announcement successful the message detailing your charges and accusation connected however to wage up. Typically, you’ll beryllium asked to marque a outgo online oregon nonstop a cheque successful the mail. You tin inactive marque a currency payment, but determination volition beryllium a interest tacked connected to that.

6. Taxes: Uncle Sam takes currency payments via 1 of the IRS’s retail partners, but it tin outgo you a interest of up to $2.50 for each $500 payment.

Before you opt to wage for thing successful cash, bash immoderate probe to fig retired whether oregon not your currency volition beryllium accepted, and if it is, you inactive whitethorn privation to see whether swiping your integrative could assistance you prevention a fewer dollars.