Acorns: Invest Spare Change

Acorns: Invest Spare Change Wiki

Written by Acorns Grow Incorporated

Rated 4.75021 From 691,852 Votes
$ 0.00
  • Last Updated: 2021-01-26
  • New version: 3.12.26
  • File size: 244.83 MB
  • Compatibility: Requires iOS 11.0 or later. and Android 4.4. KitKat or later

Acorns: Invest Spare Change

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Acorns: Invest Spare Change is an iPhone and Android Finance App, made by Acorns Grow Incorporated. Today, it has gone through many interations by the developers - Acorns Grow Incorporated, with the latest current version being 3.12.26 which was officially released on 2021-01-26. As a testament to the app's popularity or lack thereof, it has gathered a total of 691,852 Reviews on the Apple App Store alone, with an average user rating of 4.75021 out of a possible 5 stars.

How does it Work?

Acorns helps you grow your money. Join over 8M people and easily save & invest in the background of life. Get started in minutes. “Investing is now made for everyone.” - Forbes (1) + INVEST FOR YOUR FUTURE - with automatic Round-Ups, where we invest your spare change from everyday purchases, and easy Recurring Investments, so you can set it and forget it. + SAVE FOR RETIREMENT - with Acorns Later, the easiest way to set up an IRA. In under 2 minutes, we’ll recommend the right plan for you and your brighter future. + INVEST FOR YOUR KIDS - with our simple, straightforward kids’ investment account, Acorns Early. Multiple kids at no added cost. + SPEND SMARTER - with the only checking account and debit card that invest with every swipe, and allow you to automatically invest money from every paycheck. + EARN MORE MONEY - 350+ brands that invest in you, MILLIONS of jobs in our Job Finder, and exciting referral bonuses. The more you earn, the more you can save and invest! + GROW YOUR KNOWLEDGE - on the go with custom financial literacy content, powered by CNBC. “You think you need thousands of dollars to invest… it’s for the rich folks…not the case anymore because there’s Acorns.” - Good Morning America (2) SAVE AND INVEST RESPONSIBLY WITH A MISSION-LED PARTNER... Our mission is to look after the financial best interests of the up-and-coming, beginning with the empowering, proud step of micro-investing. We don’t lure you with quick money or fast trades. Don’t take that bait. Backed by leading investors like Blackrock, PayPal, and CNBC, we empower you with education and tools modeled after the most time-tested investing principles: diversification, compounding, dollar cost averaging, and sticking with it. Combined with bank-level security that’s strong as oak, we are here to help you grow your money. “To approach everything from a place of mission and integrity—that’s a big innovation in financial services,” Mr. Kerner said. “I don’t think there’s a better example of an industry that needs to be reimagined from the ground up.” Wall Street Journal (3) SAVE MONEY WITH PREDICTABLE MONTHLY SUBSCRIPTIONS, AND NO HIDDEN FEES… ACORNS LITE: $1/month• Basic investment account Most popularACORNS PERSONAL: $3/month• Our full financial wellness system ACORNS FAMILY: $5/month• Invest for your kids, plus our full financial wellness system From acorns, mighty oaks do grow. Download Acorns now and grow your oak!————————————— Sources:1. Investing involves risk including loss of principal. Image is for illustrative purposes only & shows hypothetical account balance growth of an account & does not represent an actual or typical client experience. For important disclosure regarding this graph, please carefully review the information found on the in-app 'potential' screen or go to This app is operated by Acorns Advisers, LLC, an SEC Registered Investment Advisor. Brokerage services are provided to clients of Acorns by Acorns Securities, an SEC registered broker-dealer & member FINRA/SIPC. Investments are not FDIC insured & may lose value. Investing involves risk & investments may lose value, including the loss of principal. Please consider your objectives & Acorns fees before investing. Past performance does not guarantee future results. "Acorns", the Acorns logo & "Invest the Change" are registered trademarks of Acorns Grow Incorporated. Copyright © 2020 Acorns &/or its affiliates.

Top Reviews

  • Great idea, great app

    By Nettle11
    Pay no attention to any negative reviews. They come from sheer ignorance. For anyone that puts $5 in and gets mad because it takes a couple days to transfer it back to your bank..THIS IS NOT A BANKING APP. For anyone who puts $5 in and gets mad because they lose’s not the apps fault, that’s called risk that comes with investing, this is designed for the long haul and you will make money long term. For anyone that gets mad because it made you overdraft your checking account..the app didn’t do that, you did. Learn how to balance and keep up with your checking account. If a handful of bucks a week causes you to overdraft, you don’t know how to manage your money. I started using this as a “supplementary retirement account” to go along with my 401k and I love it. I started putting a few bucks in here and there along with the roundups and now I’m addicted to putting as much money in as possible. It has that affect that inspires you to save more money for the future. Yes, the market is tanking as I write this and I’m actually losing money at the moment. But again, this is best used for long term investing. If you put $20 bucks in and need to pull it back out 2 weeks later, it’s not the app for you. If you can discipline yourself to putting in money and leaving it alone for at least 5-10 years, it great! Five stars.
  • Easy Saving and Investing for LONG TERM

    By aToMiCTaRDiS
    First of all, markets fluctuate and gains are usually better for 1y+ (also you pay more taxes on short term investments) I wouldn’t start up if you have less than $100 to put in because your fee of $1 with absolutely negate any earned almost 100%. But for relatively cheap your savings have the potential to earn. There’s a $1 monthly fee for their “core” account. $2 for “later”. And $3 for “spend”. I find it hard to find money to save usually. However, with Acorns I find it motivating to track the balance and unlike a traditional savings with your bank your money cannot just be transferred immediately as it takes 3-6 days to receive your money, so you can’t impulse spend it. I just made my first investment that they’re going to allocate into RTFs highlighted by portfolio. I went moderately aggressive, and I will try to update every now and then. Dividends are paid quarterly for the stocks and monthly for the bonds. If anything it’s better than the savings accounts most offer with a monthly fee of $3 with balances less than $50 or $200 as there is no minimum account balance penalty, just a minimum of $5 to start investing.
  • Acorns App is convenient!

    By Brodard1225876
    Love the app and know they are improving it regularly. Gives less educated and new investors a place to start with less risk than other investment vehicles. It is super convenient and easy to use. Wish the recurring investments could be set up on specific dates as well as bi-weekly as millions of people don’t get paid every week and don’t always have funds in their accounts. Also, it can cause overdraft fees. It would be nice if for some reason there was no funds it didn’t still pull from your checking account. This happened to me as I have recurring investments set up and for example it pulls out each Friday. I have checked my tab that says “past” where you can see pending payments. It is Wednesday now and for some reason I don’t see it on there. Therefore I don’t know when it is going to hit my account. If you have lots of money which I think the target customer Acorn is shooting towards is millennials who don’t always have a bunch of money saved! With that said...I know and see the constant improvements and as the company grows. I have confidence that updates and improvements will occur. An example is they are working on “real time” investing right now and communicate that through their app. It will get a 5 star from me in the future and I will change my rating! Hope this helps the consumer and also the company improve the app!
  • Okay-ish.

    By awsedrftgyhh
    I’ve been a member since 2019 and for the most part I’m okay with the app. One thing that truly gets under my skin is that I can’t review my statements from the app. I have to physically get on a desktop computer in order to see my statements. It’s quite annoying considering I don’t always have a desktop around when I’m doing my finances. You cant go online from your phone and do it, you have to use a desktop. I’m not sure why it’s set up that way, but it’s annoying. Also, I have used Robinhood for 2 months, and in those 2 months I gained over $70 in stocks/investing. Whereas I’ve had Acorns for almost a year and the most I ever gained in investing is $35. I have waaaay more money in Acorns than I do in Robinhood, yet I managed to make more with less. Idk what Acorns is doing with my money, but it’s not really investing the way it can. I’m thinking of canceling Acorns because it’s honestly not working for me anymore. I think the best feature is the roundup investments, it lets me save by keeping the change. However, my personal bank does the same. It seemed like a good app when I first got it, but now I’m feeling like it’s not putting my money to good use. Plus, needing me to log onto a desktop just to see my statements is, once again, very annoying. Most apps, whether it’s a bank or another investing app, provide you with your statements without having to do the extra work. Why are they being so extra? Why are they not investing my money properly? Idk..
  • No Feedback on Account Setup

    By luisjr87
    Acorns has since solved my problem, turns out they were simply experiencing a serious backlog to new accounts looking forward to the weeks ahead to see how much I can round up on my card transactions. —— old review below—- Like everyone I was very excited to start rounding up sadly I never had the opportunity to experience any of the feature sets Acorns has to offer. The account setup was pretty easy and enjoyable although finding out after signing my certificate that it still would take 1 - 3 business days to verify my account was a bit disappointing but I get it. Here is where Acorns fell short, till this day 5 days later it still says I need to wait 1 - 3 business days for my account to be setup, uh hello it’s been 5 days! Like any American on day 3 I picked up the phone and called support, I was on the phone for about an hour before I got disconnected due to interruptions in service. I also tried email support but have heard nothing, no confirmation to my email over my support ticket nothing, maybe somethings up with my email but at this point I would prefer to speak with a human being and I think any service offering to make transactions from your bank account should support quick and easy customer service. I am open to changing my review if I ever get any support to rectify this rogue issue.
  • the app that stole christmas 🗣

    By misshoward_
    I only gave it 1 star because 0 was not an option. I downloaded this app because I thought it was like the app dave that gives you a payday loan. Upon making an account and linking my bank account, I realized what this app was actually for. I opted in for the app to round up each purchase to the nearest dollar and for reoccurring $5 investment each week. After the first week, I realized I do not actually care to invest and wanted to delete the app. I couldn’t quite figure out how to unlink my bank or delete my account to prevent any withdrawals from my account from occurring. I found a setting that allowed me to turn off all investments. So it wasn’t supposed to pull from my bank account at all indefinitely, as long as I did not turn it back on. I checked my bank account today and saw that I was $35 IN THE NEGATIVES. I have over-drafted and will have fees assessed once the bank opens in the morning. I’m very upset that they continued to take my money after I opted out. And $35 is way more than change from rounding up my recent purchases to the next dollar plus $5 for the week. I also cannot figure out where these investments go nor how to withdrawal them. So I have essentially been robbed. Do not use this app if you understand the importance of money. I did not have $65+ to lose for no reason. This app will take your money without consent and claim to be investing in you but not allow you to get it back!!!!🥴🙄🤦🏻‍♀️
  • Fraudulent!

    By TheBodFather20
    I got invited by a friend to join acorns as they have a “you get 5 and they get 5 dollars” to invest promotion and so I followed the link to join. Never received the promotional money. I emailed them and a guy named “Alan” replied and said that I was not going to get it. And then sarcastically sent the promotion to me again which is just absolutely inappropriate. I’m not an idiot and I followed the steps correctly with the promotion but didn’t receive it. Clearly, this is a way to get people to join and you have to invest in order to receive it which I did! Absolute frauds. Everyone join the app “Stash” as I did the exact same promotion and received the money promotion. Better customer service as well as they did not have someone like Alan be inappropriate Update/FYI: I recently looked further into the reviews and I’m not the only one who has called out this fraudulent investment app. Scroll and see for yourself as others have had the same problem as me. Not to mention several other problems such as awful feedback and having to wait up 4-6 days to get withdrawal back... I have since proceeded to withdraw my investment and it’s going to take a while 😂. Also acorns has plummeted from being ranked #10 to now #12 and will continue to do so. If you are a beginning investor JOIN STASH!!! They have awesome customer service, legit promotions, and legit want you to succeed as they have this “coach” that helps guide you into your investments. Check it out for yourself!
  • Awful Customer Support

    By lzcnflutksyld
    I like Acorns as a concept and their investment model is sound. However, and this is the part that really ruins it for me, their customer service has been so incompetent and annoying in my case, beyond tolerance. They stand out even in the sea of deteriorated customer service in general. I was hoping that with multiple tries I will eventually run into that one great customer service representative that will make up for all the others. Never happened. Here is my case: I wanted to stop my automatic withdrawals from my checking into Acorns until the market volatility calms down a bit during the Corona threat. I stopped withdrawals in the app. In the app it clearly shows that withdrawals are NOT on. However, they kept making withdrawals from my checking account and investing every week. Then I emailed them and got a response with instructions on how to close my account, which wasn’t what I asked. Three more emails to them with the same request after that, with their responses confirming that automatic withdrawals were stopped, shortly after I would find out otherwise. This morning, two months after my initial request, I glanced at my checking, another withdrawal was taken out. What am I supposed to do to stop withdrawals for a time being? There is no number to call, support in the app clearly didn’t work...They really ruined a good thing for me. Now I will think about closing the account and sticking with the classics.
  • Can’t get glitch fixed to verify my “spendsmart” account . . . .

    By J.D. Irwin
    Absolutely love everything, thus far, except for one thing that is concerning until resolved and has my real life access to my acorn account(s) essentially stuck in one place. At least until it gets fixed by (I’m assuming) IT, New Accounts and Customer Account(s) services and security-work together in which event I’m confident it will be handled assessed diagnosed and treated/fixed EXTREMELY swiftly. Once they work as a team that is to say. And that’s just based on a few days of being a customer and having any and every other thing to come up resolved swiftly, accurately, and in full. Like I said I’m new to it relatively speaking and am currently still awaiting an answer/solution on this ONE, SINGLE, and thus far ONLY drawback I’ve had/have with Acorn. Would rate all stars and more had this been resolved by now. Anyhow, I still trust and enjoy/benefit from it enough, I’m recommending it to those I actually give a legitimate toss about! Everyone else I don’t trust or what have you, I advise all of them, to open a new account at Walmart, etc. with a greed dot or really any prepaid online type set up like that always always always has at least a super hyper high interest rate on it. Haha 🤫🤭 ssshh don’t tell!😉😁
  • Like and Don’t like

    By navbotas
    When I first heard of Acorns and the idea of an electronic piggy bank that invest your spare change from purchases I thought “what a great and cool idea.” So after awhile i decided to give it a try. I like that all my banking accounts are linkable and you dont have to do anything after they are linked. What I didn’t and don’t like is when I first put my credit card info in, the app pulled all my accounts for the option to link. I would have rather done that manually. Another thing I don’t like is, my credit card that I first put in, is the account that all the spare change comes from even when several accounts are liked. I would rather have the spare change come from the individual accounts that are linked. The last thing I don’t like is when you transfer money between your accounts like I do each transfer also invests $1.00. I hope that makes sense to you and helps on deciding to start collecting your acorns and invest them. Update: A developer has since responded to my review. The transfer of funds between your accounts that invest a whole dollar can be adjusted. Although this feature can be adjusted and has after the fact, I dont recall it being mentioned while setting up an account. Don’t get me wrong I am still using this savings/investment app.

External Links

Acorns Grow Incorporated Official Website

Download for Free on On iTunes
Download for Android

This page was last edited on 2021-01-26.
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