The news: Robinhood is launching traditional banking services later this year to better compete with major US banks. And it has innovated a way to get its users cash whenever they need it, per Yahoo Finance—aiming to replace ATMs.

The details: Robinhood’s checking and savings accounts offer its Gold Service platform members 4% APY—and while the trading platform itself isn’t FDIC-insured, its customers’ banking accounts are insured through its partner Coastal Community Bank.

But what could really differentiate Robinhood from competitors is its cash-delivery service. It wants to deliver cash to customers via an Uber-like app.