Getting Started - Acorns Help Center (2024)

© 2021 Acorns Grow Incorporated | Disclosures | Accessibility

This website is operated by Acorns Advisers, LLC, an SEC Registered Investment Advisor. Brokerage services are provided to clients of Acorns Advisers by Acorns Securities, LLC, an SEC registered broker-dealer and member FINRA. Member of SIPC. Securities in your account protected up to $500,000. For details, please see https://www.sipc.org.

Important Disclosures: Investing involves risk, including loss of principal. Past performance does not guarantee or indicate future results. Please consider, among other important factors, your investment objectives, risk tolerance and Acorns pricing before investing. Diversification and asset allocation do not guarantee a profit, nor do they eliminate the risk of loss of principal. It is not possible to invest directly in an index. Any hypothetical performance shown is for illustrative purposes only. Such results do not represent actual results and do not take into consideration economic or market factors which can impact performance. Actual clients may achieve investment results materially different from the results portrayed. Round-Ups® investments are transferred from your linked funding source (checking account) to your Acorns Invest account, where the funds are invested into a portfolio of selected ETFs. If you do not maintain an adequate amount of funds in your funding source sufficient to cover your Round-Ups® investments, you could incur overdraft fees with your financial institution. Only purchases made with a funding source linked to your Acorns account with the feature active are eligible for the Round- Ups® feature. Please note that a properly suggested portfolio recommendation is dependent upon current and accurate financial and risk profiles. Clients who have experienced changes to their goals, financial circ*mstances or investment objectives, or who wish to modify their portfolio recommendation, should promptly update their information in the Acorns app or through the website. Actual Acorns Earn rewards investments are made by Acorns Grow, Inc. into your Acorns Invest account through a partnership Acorns Grow maintains with each Acorns Earn partner. Acorns Subscription Fees are assessed based on the tier of services in which you are enrolled. Acorns does not charge transactional fees, commissions or fees based on assets for accounts under $1 million. Acorns Checking clients are not charged overdraft fees, maintenance fees, or ATM fees for cash withdrawals from in-network ATMs. Please see your Acorns Subscription Center or Account Statements for a description of the fees you pay to Acorns for its services. Third Party Quotes shown may not be representative of the experience of Acorns customers and do not represent a guarantee of future performance or success. Please click on each testimonial to review the context from which this quote was taken. Acorns, Round-Ups, Real-Time Round-Ups, Invest the Change and the Acorns logo are registered trademarks of Acorns Grow Incorporated. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsem*nt by them. Acorns reserves the right to restrict or revoke any and all offers at any time.

Acorns does not provide access to invest directly in Bitcoin. No level of diversification or asset allocation can ensure profits or guarantee against losses. Bitcoin exposure is provided through an ETF which invests in Bitcoin futures. They are considered high-risk investments given the speculative and volatile nature. Investments in Bitcoin ETFs may not be appropriate for all investors and should only be utilized by those who understand and accept those risks. Investors seeking direct exposure to the price of bitcoin should consider a different investment.

Compounding, generally, is the growth of principal investments due to the reinvestment of dividends without withdrawing funds from the account. Acorns investment accounts do not pay interest, so the impact of compounding may be limited. It is not an investing strategy and does not assure positive performance nor does it protect against losses. It does not take into account market volatility and fluctuations that will impact the value of any investment account.

The ETFs comprising the portfolios charge fees and expenses that will reduce a client’s return. Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. Investment policies, management fees and other information can be found in the individual ETF’s prospectus. Please read the prospectus carefully before you invest.

Acorns also offers an Acorns Checking deposit account. Acorns Checking accounts are FDIC insured up to $250,000. Acorns Visa™ debit cards are issued by Lincoln Savings Bank or nbkc bank, Members FDIC for Acorns Checking account holders. "Save and Invest" claim refers to a client's ability to utilize the Acorns Checking Real-Time Round-up feature to invest small amounts of money from purchases made using an Acorns Checking account, and seamlessly investing those small amounts using an Acorns Investment account. Requires both an active Acorns Checking account and an Acorns Investment account in good standing. Real-Time Round-Ups® are accrued instantly for investment during the next trading window.

For additional important risks, disclosures and information, please visit https://www.acorns.com/terms/

Getting Started - Acorns Help Center (2024)

FAQs

Is Acorns worth it for beginners? ›

Bottom line. For those who want to invest their money but don't know where to start, Acorns is an approachable platform for beginners. It has a simple interface and a micro-investing feature that goes to work every time you make a purchase. Plus, your investments will be safe in low-cost, diversified funds.

How does Acorns work for beginners? ›

Acorns is a fintech company that is best known as a micro-investing platform that allows users to set up automated investments into a portfolio through Round-Ups: Acorns rounds up a debit or credit card purchase made on a linked card to the nearest dollar and invests the change on behalf of the member.

Has anyone made money with Acorns? ›

In fact, once you're aware of all the tricks and tips, the amount of money Acorns adds to your investments will significantly increase. So has anyone made money on Acorns? Well, Leora Wexler of Mamaroneck, New York, tells The Krazy Coupon Lady she has seen a 5.38% all-time ROI (return on investment) from using Acorns.

Does Acorns do a hard pull? ›

If you need credit, you can apply online using Acorn Finance which does a soft pull on your credit report. This will not impact your credit score at all and can pre-qualify you for multiple offers.

What is the downside to Acorns? ›

Acorns charges $35 per ETF to transfer investments. Acorns isn't alone in charging this type of fee, but theirs is on the high side. If you have, say, five ETFs, you're looking at a $175 fee. A more common scenario among providers is to charge $75 to transfer all investments out, and some don't charge a fee at all.

What are the disadvantages of Acorns? ›

Acorns Disadvantages

Foremost is the tiered-fee structure, which is too high for people starting out with low balances. Paying $36 a year when you have a few hundred invested is a bad deal. While many robo-advisors have an account minimum of $500 or $1,000, Betterment provides a no-minimum, lower-fee alternative.

What is the average return on Acorns? ›

Furthermore, the long-term average annualised return in a balanced investment of the exchange-traded funds in which Acorns invests is closer to 7.5 per cent.

What is the fastest way to make money in Acorns? ›

How to Make Money on Acorns
  1. Get Started While You're in School. “The best time to start investing was ten years ago. ...
  2. Automate – Add Small & Consistent Amount of Money Monthly. ...
  3. Boost Your Round-Ups. ...
  4. Use Acorns Earn. ...
  5. Download The Acorns Extension. ...
  6. Use Acorns Spend Smart Deposit. ...
  7. Use Credit Cards With Rewards Points.

Is Acorns worth it 2023? ›

Passive micro-investing, coupled with Acorns' portfolio of curated exchange-traded funds (ETFs), makes it a suitable option for hands-off investors looking for a low-cost robo-advisor. Meanwhile, its account options and bundled online banking provide a convenient all-in-one service for customers.

Is Robinhood or Acorns better? ›

Robinhood and Acorns each have a unique target audience, but the biggest difference between the two is that Robinhood may be better for beginners looking to choose their own individual stock and ETF investments, while Acorns may be a good choice for hands-off investors who want help building a diversified, long-term ...

Did Ashton Kutcher invest in Acorns? ›

Kutcher invested in Acorns, the now popular app that the actor called “a tip jar for your spending.” According to Kutcher, when you spend money, the app rounds up your purchase and invests it for you in a well-balanced portfolio.

How much can you sell Acorns for? ›

Prices range from $2 to $5 per pound (60 to 80 acorns per pound) plus shipping.

What are the pros and cons of using acorns? ›

The Pros and Cons of the Acorns App
  • You don't need a lot of money to start investing. ...
  • It's a hands-off way of investing. ...
  • You can learn about investing. ...
  • The app is very user-friendly and easy to navigate. ...
  • There are subscription fees for using the app. ...
  • Your investment options are limited.
Aug 19, 2022

Does acorns have a fee for withdrawal? ›

Acorns has partnered with Allpoint, which provides a network of 55,000+ ATMs globally, giving you fee-free access to cash when you need it. When you use your Acorns Visa™ debit card at an Allpoint ATM, there will be no fee.

Does acorn check your credit? ›

There will not be a credit check to open an Acorns Checking account. To sign up for Acorns Checking, you must be a verified Acorns customer. If you're new to Acorns, you'll need to set up your Acorns Invest account first. When your account is verified, you can register for Acorns Checking with just a few taps.

What is the minimum investment for Acorns? ›

Acorns Invest is an easy, automated investment account. There are no account minimums and you can get started with just a $5 initial investment. After you sign up, Acorns will recommend an expert-built, diversified portfolio based on your money goals and risk tolerance.

Is Acorns $3 worth it? ›

For example, if you have $100 in your Acorns account, your $3 monthly fee will be $36 per year, which comes out to to a whole 36% of AUM… … that's 144 times the 0.25% average for other robo-advisors. If you have $1000 in your Acorns account, the fee would be 0.36% of AUM, still way higher than 0.25%.

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