Why Does Robinhood Need My SSN?
Robinhood needs your SSN to comply with federal regulations, verify your identity, and ensure you're eligible to trade stocks. It's like needing a library card, but for stocks!
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It鈥檚 standard practice to ask for your SSN when opening any brokerage account. They need it to report your earnings to the IRS.
Without your SSN, Robinhood can鈥檛 legally verify your identity or allow you to make trades. Simple as that!
Yup, they need it for tax reporting and to prevent money laundering. Keeps things legit!
Totally normal! All brokerage accounts require your SSN for identity verification and to comply with U.S. laws and regulations.
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