What is Acorns?

Acorns is an automated savings tool and investing app that rounds up your purchases on linked credit or debit cards and invests the amount in an automated investment portfolio.

How does it work?

Built as mobile first, Acorns investing app helps you invest your spare change after a purchase using a system called “Round-Ups.” The app monitors your credit and debit card usage and automatically rounds up purchases and invests the change. For example, if you bought a coffee for $3.25, Acorns will round up the purchase to $4.00 and move $0.75 into your Acorns account. Once your “Round-Ups” equal $5.00, it will be invested.  You can make one-time investments into your account at any time.

When you create your profile, Acorns will suggest a portfolio based on your answers, but you have the option to change them. Your portfolio determines how much gets invested. Acorns invest your money in six different Exchange Traded Funds (ETFs). These funds include stocks, bonds, and other securities.

What are the fees?

Acorns have two fee structures:

  • $1 per month for account balances under $5,000, or
  • 0.25% of your account balance on accounts over $5,000 (for example, $25 on a $10,000 account balance).

Other than those account management fees, there are no other costs associated with your account. You can withdraw money from your account anytime you want, and there are no fees or penalties. There are also no fees for commissions on trades or a rebalancing.

How to get started with Acorns?

There are no account minimum balance requirements, nor will they charge a fee for an account with a zero balance. In fact, you can start an account with as little as $5!

  1. Download the app, get started with Acorns.
  2. Connect your bank
  3. Answer a few basic questions about yourself
  4. Become an investor

Extra Acorns Feature

Acorns Found Money program helps you earn money from purchases you’re making. It’s an additional way of beefing up your portfolio from your purchases with rebates. With some retailers, you just have to link a credit or debit card to your active Acorns account and make a purchase. Found Money will deposit your rewards into your account within 30-60 days.

1 review for Acorns Invest Your Spare Change

  1. phroogal

    I’ve been using Acorns a few months since it launched and find it quite useful. If you’re a spender like me, it’s great to see how spending can lead to putting money aside for investing. Surely, you won’t become rich off investing small change but it’s a first step in shifting your mindset from a spender into an investor.

    Acorns is a good app to get you thinking about investing. I think you’ll actually become excited about learning more about how the markets work. This app is recommended for the beginner investor or someone looking to try something new.

Add a review

Your email address will not be published. Required fields are marked

Related Products

Join newsletter
& be up to date!

Powerful, sleek template that is easy to configure and focused on presenting all your product in best way.


*Don’t worry, we won’t spam our customers mailboxes