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.

Pros
  • Automatically invests spare change
  • Earn bonus investments for shopping
  • Sustainable portfolios available
  • Bitcoin-linked ETF available
Cons
  • 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
All plans start with automated investing features that allow users to grow their money effortlessly. You can begin by rounding up spare change or setting up recurring deposits. Higher tiers allow you to customize your portfolio by adding individual stocks and ETFs in addition to Acorns’ prebuilt diversified portfolios.
Banking
Acorns’ banking features go beyond traditional checking. You can use your Acorns debit card immediately by adding it to your digital wallet, and you’ll benefit from no hidden fees. Direct deposit options help you save a portion of your paycheck automatically into checking or emergency fund accounts. Interest rates on these accounts are competitive, with up to 2.57% APY on checking and 4.05% APY on emergency savings.
Retirement
Acorns Later is available at the Silver and Gold tiers and helps you invest for retirement with potential tax benefits. Acorns matches a portion of your new contributions during the first year—1% with Silver and 3% with Gold—providing added incentive to build long-term savings.
Money tools for families
The Gold plan includes Acorns Early, a suite of tools for managing kids’ finances. Parents can track spending, automate allowance payments, assign chores with corresponding rewards and customize debit cards. Real-time spending alerts, savings goals and learning modules help kids develop strong money habits early on.

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.

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Acorns Reviews

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    Page 1 Reviews 0 - 10
    Profile pic of the author.
    Customer ServiceSales & MarketingPriceOnline & AppRates

    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.

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    Customer ServiceSales & MarketingPunctuality & SpeedStaffBilling

    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.

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      Punctuality & SpeedStaff

      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.

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      Customer ServiceSales & Marketing

      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.

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      Staff

      Reviewed Oct. 27, 2025

      Acorns is my safety net. I save a very small amount of money. Having unseen events happen, I'm able to take my money out thus they are there for me. Not being financial savvy, I trust acorns to invest my money knowing their employees are educated in the financial areas.

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      Reviewed Oct. 25, 2025

      I love Acorns and the simplicity of investing, diversifying... Since I started it, the recurring investment makes it easy to not think about money you're using to gain, and the increase option and what you invest in, is easy to change, figure out, etc.

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      Reviewed Oct. 21, 2025

      Very effective application. Just wish the transfer wouldn't take so long. Very workable application when you need some of your money to come out of your Roth IRA. It very good to use as a saving complimentary tool.

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      Sales & MarketingOnline & App

      Reviewed Oct. 20, 2025

      This is a simple way to save by investing minimum amounts that can add up to make a big difference. I love how easy it is to navigate the app and website. There are also ways to get small percentages invested on their behalf by making purchases through certain brands. This was a game changer for me on learning the importance of putting small amounts away to Invest or save for future emergencies.

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      Reviewed Oct. 18, 2025

      I have been very happy with Acorns. Easy, automatic savings, and easy to withdraw when needed. I have been very happy with Acorns. Easy, automatic savings, and easy to withdraw when needed. I have been very happy with Acorns. Easy, automatic savings, and easy to withdraw when needed.

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      PricePunctuality & SpeedEase of Use

      Reviewed Oct. 18, 2025

      I have had Acorns for about 10 years now. It is so simple to set up and easy to use. The money quickly adds up and once in a while, I will check in and see that I have an extra $800 or so, which is great for an emergency fund. I have also set up the high-yield savings account and checking, just to stash more money away for the future.

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      Acorns Company Information

      Company Name:
      Acorns
      Website:
      www.acorns.com