Acorns Reviews
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About Acorns
Acorns is a financial wellness app that helps people at all income levels save and invest. More than 14 million people have used Acorns to invest over $25 billion, starting with as little as their spare change. The app provides tools to manage finances through features like Round-Ups®, which automatically invests leftover change from everyday transactions, and portfolios built to match individual goals. In addition to investing, Acorns offers checking accounts, retirement planning tools, educational resources and perks like bonus investments and complimentary life insurance.
Visit www.acorns.com- Automatically invests spare change
- Earn bonus investments for shopping
- Sustainable portfolios available
- Bitcoin-linked ETF available
- Can only invest in ETFs
- $50 ETF transfer fee
What is Acorns?
Acorns is built to make investing simple and approachable. It offers diversified ETF portfolios tailored to your personal goals and financial situation, which you can fund with recurring investments or spare change from linked accounts. Users can open IRAs or custodial investment accounts for kids. New features include contribution matches—up to 3% for retirement accounts and 1% for child accounts during the first year. The platform also includes educational content and a user-friendly interface for growing financial knowledge.
How does Acorns work?
Acorns functions as a robo-advisor, helping you grow your savings automatically through prebuilt investment portfolios. After a short onboarding process, the platform recommends a customized ETF portfolio. You can fund it by setting up one-time or recurring investments or by investing leftover change in real time. Portfolios are rebalanced to stay aligned with your goals, and tools like the Potential Screen show projections based on your inputs. The app also offers banking and emergency savings features with competitive interest rates.
Acorns products
Acorns offers a variety of features that cover investing, banking, earning and education.
Investing
Banking
Retirement
Money tools for families
Acorns plans
Acorns offers three membership tiers: Bronze, Silver and Gold.
- Bronze ($3/month): Access to basic investing tools including spare change investing, online banking with no hidden fees and educational content.
- Silver ($6/month): Includes everything from Bronze, plus IRA accounts with a 1% match on contributions in the first year, real-time investing features, emergency fund tools and enhanced interest rates.
- Gold ($12/month): Adds access to Acorns Early with investment accounts for multiple children, smart money tools for kids, and a 3% retirement contribution match. You also get enhanced rewards matching, life insurance and a complimentary will.
Acorns fees
Acorns charges flat monthly fees: $3 for Bronze, $6 for Silver and $12 for Gold. These fees cover access to automated investment accounts, retirement tools, banking services and educational resources.
Acorns also charges relatively steep fees to transfer investments when closing your account — $50 per ETF. If you have four ETFs, that’s a $200 fee. Other platforms may charge lower flat rates to transfer out all your investments.
Acorns FAQ
What does Acorns invest in?
Acorns lets you invest in diversified ETF portfolios it puts together. You can choose from various portfolio types based on your risk tolerance and see breakdowns of each portfolio type on Acorns’ website.
Has anyone made money on Acorns?
Acorns doesn’t specify any dollar amounts or averages its members have made by investing through its platform. However, the company has been around since 2012 and claims it has had over 14 million people sign up. So, while no investment platform can guarantee you’ll make money, Acorns’ growth and popularity signal that there are likely some users who have benefited financially.
Does Acorns cost money?
Acorns’ monthly membership fees range from $3 to $12 per month, depending on your chosen tier. There’s no minimum to open an Acorns account, but you need at least $5 to start investing.
Is Acorns FDIC-insured?
Acorns’ checking accounts and debit cards are FDIC-insured for at least $250,000 since they’re issued by Lincoln Savings Bank, but this doesn’t apply to investment accounts.
Is Acorns investing safe?
It depends on what you mean. Acorns has several features that make its products safer from unauthorized access, including FDIC-insured bank accounts, SIPC-protected investment accounts, SSL encryption, account alerts, bank-level physical security and account safeguards. However, all investments have some risk, depending on the market.
Still have questions?
Is Acorns worth it?
Acorns’ robo-advising platform makes automatic investing simpler, even if you don't have large sums of money, advanced investment knowledge or a personal broker to act as a go-between. However, its monthly fees can be pricey for smaller account balances, and its ETF transfer fee is pretty high. Regardless, Acorns can still be a worthwhile option if you want hands-off investing for yourself or your family.
Acorns Reviews
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- We use intelligent software that helps us maintain the integrity of reviews.
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Reviewed July 22, 2026
I don't even know how many years I've been using Acorns - at least 6-7. I recommend them to everyone who wants to try and save a little extra money here and there but struggles, because it just happens in the background.
Reviewed July 22, 2026
Acorns has helped me save for retirement and also taught me how to invest. The platform is easy to use and has options which provide value.
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Reviewed July 22, 2026
Very user-friendly, and this account has not only helped me save more easily by using another path of retirement, but it has also bailed me out of a few jams over the years.
Reviewed June 26, 2026
By far the worst bank/investment platform ever. They hold your money as long as they can. Their transfer times take the longest compared to any other platform. Their fees are the highest. Their direct deposits aren’t early. Biggest joke of a institution ever.
Reviewed June 19, 2026
Acorns is so ** backwards. It is a completely online service, so one would expect expedited services. I attempted to deposit a check through the app. I accidently wrote "Only for mobile deposit at Acorns," instead of "For mobile deposit only at Acorns." I waited the 1-3 business days for this to process, only to discover that the check was rejected. I called and the customer service representative said that they would need to escalate this to the "team" that processes the checks and have them reach back out to me with the reason for the rejection ... in 1-3 business days. This call occurred on a Thursday or Friday ...
Another situation: On a Tuesday, I was attempting to Wire Transfer funds from my Fidelity into Acorns. When searching for a bank on Fidelity, it allowed me to select Acorns and had me log into my account. I submitted the request for the wire transfer, which Fidelity showed "successful," and should reflect in the Acorn account by 4pm. I followed up next day and the money was not wired -- I thought I did something wrong, so I attempted again. Checked again the following day and still did not process. There was no warning that Acorns could not be selected for a Wire Transfer.
By Thursday, I decide to transfer the Fidelity funds into my joint account at Commerce Bank, immediate success with the deposit! So, I go back to my Acorns account and request to deposit/transfer in the money at Commerce Bank. On the Acorns app, I added the Commerce Bank, logged into the account as prompted. Requested to transfer the money. Later that same day, I attempt to log into my Acorns account and found that my account had been suspended and Acorns is requesting my ID, selfi with ID, a Screenshot of the source money, and a copy of Commerce Bank statement with my name on the account to re-open the account. So, I submit all the required documentation by 4pm on Thursday.
I call Acorns on Friday and speak with a representative. They give me the same bull ** "I will have to escalate this to another team, and they will process/contact me in 1-3 business days." A completely awful experience. My account is frozen; I cannot move funds. I cannot use my only source to my own money. I have a large bill that I scheduled to process on Thursday that will probably be rejected. I am so done with Acorns after this.
Reviewed June 11, 2026
I would not recommend this company to anyone. I have a substantial Roth IRA with them and decided to transfer my account to another brokerage that offers better investment options and a stronger long-term track record. Instead of helping facilitate the transfer, they have made the process extremely difficult and frustrating.
I was informed that I would need to liquidate my investments into cash before the transfer could occur. When I asked for clarification about the implications of this requirement, I was repeatedly told that they could not provide tax advice rather than receiving a clear explanation of my options. As someone in my 30s who intends to keep these retirement funds invested for decades, being forced out of my investments is a serious concern.
Throughout this process, I felt like the company was more interested in retaining my assets and collecting ongoing fees than helping me move my retirement savings where I believe they will be better managed. The lack of transparency, poor communication, and unwillingness to provide straightforward answers has left me with very little confidence in this firm. If you value customer service, transparency, and the ability to move your money without unnecessary obstacles, I would strongly consider other options before choosing this company.
Reviewed May 27, 2026
The app, and website will not allow you to report fraud. The links don’t work and you have to call. Calling is a waste of 20+ minutes for them to send you a form to fill out. The form doesn’t have fraud listed as a reason for the dispute. At all. Someone stole $38.50 from my account. The amount of time I have had to put into this IS NOT WORTH $38.50. I will be canceling the account and I would HIGHLY recommend ANY other financial institution. They also would not give any reason as to why the amount of interest they deposited into the account was inaccurate. At my APR, I have received more money deposited into my account than they gave. Fighting that with them went nowhere as well. So the fraud is the last straw. DO NOT USE ACORNS unless you have time to deal with their garbage.
Reviewed Dec. 22, 2025
Their platform is flawed, transactions are painfully slow if they go through at all. Their customer service is trained to sincerely apologize yet they do nothing to help. Their rewards for signing up and new referrals is a scam that they never pay and unless you specify that you want to cancel your account and cancel monthly subscription as well you will continue being billed. How Acorns can be allowed to take money out of your bank after you close your account is the shadiest business practice and still going on.
Reviewed Nov. 5, 2025
After more than 5 years of roundups and monthly contributions, I had $1288 in my Acorns account and ~$450 in my later account. I was unhappy with the performance and decided I wanted to link another IRA and that was performing much better, and to transfer the funds from Acorns to the better performing IRA. In the process, Acorns gave me an error message that you can only link accounts that can fund your Acorns account. I planned on contacting Acorns about this on another day, but went ahead and paused the automatic contributions from my personal checking account. Today, there is an unauthorized fund transfer pending from my Acorns account to my personal checking account.
I contacted Acorns and the representative continually avoided my question as to why I see an unauthorized fund transfer from my Acorns account to my personal checking account. I pinned the representative down by repeating the same question multiple times and asking why they were not answering my question regarding unauthorized transfer of funds between my accounts. They went into not exactly denial mode, but began repeating a mantra that Acorns does not transfer funds without explicit authorization. I keep asking why they transferred the funds without my authorization, and then tried to toss me a squirrel by saying I still had the same amount that was being transferred into my personal checking account, in my Later account. This was completely untrue, as the Acorns Later account shows that there is ~$450.
I solved my issue of tax implications by transferring the unauthorized funds from my personal checking into another IRA. I will not trust Acorns to ever deliver the Later account funds and will unlink acorns from my predicament checking account after the pending transfer completes. Do you really want to trust Acorns with your money after all the other negative articles there are out there? I don't.
Reviewed Oct. 31, 2025
I’m very disappointed with Acorn Investment. They promised a referral incentive program, but after I met every requirement and provided proof by the deadline, they failed to uphold their end of the bargain. I brought in four new referrals—people they are now profiting from—yet I never received the promised reward. It feels like being scammed. Communication has been poor, and it’s frustrating to see a company not stand by their own promotional commitments. I will not be referring anyone else and hope they take responsibility for honoring their word.
Acorns Company Information
- Company Name:
- Acorns
- Website:
- www.acorns.com