Stash Review 2023 (2024)

FAQs

Is Stash really worth it? ›

If you're looking for access to both a managed portfolio and an individual brokerage account where you can dabble in picking your own investments, Stash may be a good fit. Stash also provides access to fractional shares, allowing you to diversify with very little money.

Yes. You'll earn money as your investments gain value over time. Customers with a Stash Mastercard debit card can also earn 0.125% stock on everyday purchases and up to 5% in stock at certain retailers. Finally, Stash also offers referral bonuses to users who get their friends and family to sign up for the app.

When you transfer money out of Stash, it will be removed from your Stash account almost immediately, but it may take up to five business days for the money to appear in your external bank account. The exact length of time depends on how quickly your external bank processes ACH transfers.

You can earn 1% in stock rewards on spending up to $1,000 a month. If you spend more than $1,000, your purchases stop earning the “stock back” reward unless you spend over $4,000. Purchases above this limit earn 0.125% in stock back. The Stash Growth account only earns 0.125% in stock rewards on all purchases.

Acorns may be better if you need more fee-free ATM access, though Stash may be better if you like its “Stock Back” card, though you might be better off with a traditional rewards card and investing the cash rewards yourself.

Both Stash's app and Robinhood's app allow you to easily research stocks and purchase investments. Stash also allows you to track your Stock-Back rewards and manage your bank account, while Robinhood offers more in-depth trading and research tools on its platform than Stash does.

What happens to my account if Stash goes out of business? We have every intention of sticking around for the long term. However, if anything happens to Stash that required us to close up shop, you would maintain control of your account. No matter what, your investments are always yours.

If you still have investments, you'll need to sell those before withdrawing your money. The money from the sale will be held for two business days (in accordance with SEC regulation) before you can move it to your bank account.

Most financial experts end up suggesting you need a cash stash equal to six months of expenses: If you need $5,000 to survive every month, save $30,000. Personal finance guru Suze Orman advises an eight-month emergency fund because that's about how long it takes the average person to find a job.

Why does Stash keep taking my money? ›

It sounds like you either have Auto-Stash or Smart-Save turned on. Auto-Stash is Stash's automatic investment tool. It runs on a set schedule, so head to the app and adjust the timing or turn off Auto-Stash if you'd like to stop automatic deposits/investments.

We've switched banking partners to Stride Bank, N.A.—a move which unlocks more benefits for you. Find out what's changing and what's staying the same. All banking accounts with our old banking partner have now been closed.

Fidelity emphasizes low fees with a great deal in return. Stash Investments offers even lower fees with much less in return. This article will try to determine which broker is the better deal.

Tax-Advantaged Investing

Wealthfront has a clear edge here as Stash doesn't offer tax-loss harvesting. At Wealthfront, tax-loss harvesting is available for all taxable accounts; an ETF showing a loss may be swapped out for a similar ETF in order to reduce your tax bill.

Is Stash legit? Stash is a legitimate way to invest. Unlike many other investment apps, Stash is more of a long-term investment tool, so it's important that you understand what type of investing you want.

The company operates both a web platform and mobile apps, allowing users to incrementally invest small amounts. It also provides robo advice. By summer 2017, it had approximately 1 million users. As of July 2020, the number has grown to over 5 million.

You can transfer stocks, cash, and other eligible assets from your outside brokerages into Robinhood through ACATS. You can transfer full or part of an outside account. Full account transfer: We'll ask that all assets from the other brokerage account be sent over to your Robinhood brokerage account.

Stash is not a day trading platform—we believe investing is a habit, not a hobby. The majority of Americans aren't going to trade their way out of debt. Stash was built to help anyone build a diversified portfolio over time and invest for the long haul.

Your money is removed immediately from a Stash account when transferred from Stash to an external bank account. However, it may take funds up to 5 business days to appear in that external account. The exact length of time depends on how quickly your bank processes ACH transfers.

What gives the highest return on investment? ›

Key Takeaways. The U.S. stock market is considered to offer the highest investment returns over time. Higher returns, however, come with higher risk. Stock prices typically are more volatile than bond prices.

If your account balance is negative, this could mean an unfunded investment was sold at a loss. An unfunded investment occurs when a transfer is made into your Stash Account to purchase an investment, but that cash transfer is returned by your bank due to insufficient funds.

Minimum and Maximum Transfer Amounts. The minimum amount of any single Inbound or Outbound Transfer is $1, and the maximum amount of any single Outbound Transfer is $3,000. You can use the bank transfer service to transfer up to an aggregate of $100 of Inbound Transfers every 24 hours, and up to $500 every 30 days.

Scroll down to the Investing section and tap or click on the portfolio you'd like to make the sale from. Scroll down to the Top Holdings section and tap or click on the holding you'd like to sell. You may need to tap View all Investments to see all of your holdings. Tap or click the Sell button.

Is $20,000 a Good Amount of Savings? Having $20,000 in a savings account is a good starting point if you want to create a sizable emergency fund. When the occasional rainy day comes along, you'll be financially prepared for it. Of course, $20,000 may only go so far if you find yourself in an extreme situation.

The rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must-have or must-do. The remaining half should be split up between 20% savings and debt repayment and 30% to everything else that you might want.

It automatically takes small amounts of money from your linked checking account each day when you have the cash to spare. It keeps track of your spending patterns so we'll never initiate a transfer when your balance is low.

If you're noticing money being transferred from your bank account to Stash, you likely have one of the recurring transactions features turned on (auto add cash, auto invest, or Round-Ups). Recurring transactions are a collection of features that help you save and invest automatically.

Why can't I close my Stash Account? There is no option to cancel your Stash account on the app at the moment. You can close your Stash account at any time from your account on the Stash website. If you are still experiencing problems, reach out to the Stash support team.

What happens to my money if Stash goes out of business? ›

However, if anything happens to Stash that required us to close up shop, you would maintain control of your account. No matter what, your investments are always yours. All Stash accounts are held by our trusted partner and custodian Apex Clearing, a registered broker-dealer regulated by FINRA.

You will be defaulted to the $3/month Growth subscription plan on August 1st, with the option of upgrading to the $9/month Stash+ plan.