Member Exclusive, New banks

Cheese, a digital bank for immigrants, rolls out rewards geared towards Asian-owned businesses

  • Digital bank Cheese signed up with Dosh to launch its cash back rewards program for its Asian American and immigrant customer base.
  • The program lets customers earn 10 percent cash back on purchases at over 10,000 retailers including Asian American businesses.
Rimal Farrukh | May 20, 2021
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Cheese, a digital bank for immigrants, rolls out rewards geared towards Asian-owned businesses

Cheese, a digital bank for immigrants and Asian Americans, recently inked a deal with cashback platform Dosh. The partnership enables Cheese customers the chance to earn money back during check out at more than 10,000 retailers and restaurants. 

Consumers get 10 percent cash back on popular brands such as Costco, Dunkin’, Adidas and Shake Shack. The partnership is also geared towards Asian-owned businesses that have been harshly impacted by the pandemic. 

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Robinhood is an online stock brokerage that offers its customers commission free trading and investing. Robinhood users can invest and trade in stocks, exchange traded funds, options, and cryptocurrency. Customers can invest in over 5,000 stocks with Robinhood, including most U.S. equities and ETFs listed on U.S. exchanges.

Robinhood Financial, LLC and Robinhood Crypto, LLC are wholly-owned subsidiaries of Robinhood Markets, Inc. All cryptocurrency holdings are held in Robinhood Crypto as opposed to Robinhood Financial.

The company was founded in 2013 by Stanford roommates Baiju Bhatt and Vladimir Tenev. It has its headquarters in Menlo Park California and offices in the U.S and the UK.

Account Types

Robinhood’s products are accessible through its three different accounts: Robinhood Instant, Robinhood Gold and Robinhood Cash.

Robinhood Instant

Robinhood Instant is the default Robinhood account which is a margin account that has access to extended hours trading and instant deposits. Robinhood Instant account users do not have to wait for funds to process while selling stocks or depositing up to $1000.

Robinhood Gold

Robinhood Gold comprises a range of investing tools and premium products such as greater instant deposits starting at $5000 to a max of $50k, research from Morningstar on 1700 stocks, Level II Market Data from Nasdaq and more access to trading on margin. It has greater buying power and larger instant deposits as compared to the Robinhood Instant account.

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