Money Robinhood checking and savings: What we know about its relationship with SIPC, FDIC December 14, 2018Janna Herron, USA TODAYComments Off on Robinhood checking and savings: What we know about its relationship with SIPC, FDIC Robinhood’s checking and savings features are not bank accounts, aren't FDIC-insured, or protected by the SIPC. Here's what that means.