Follow us:

Find an Investments partner

Help me decide
  1. Home
  2. Finance
  3. Investments


Are you this business?
Find an Investments partner

Get advice from finance professionals.

Find a financial advisor near you on SmartAsset

Get Started

About Acorns

This profile has not been claimed by the company. See reviews below to learn more or submit your own review.

Acorns is an investment app that lets people easily invest their spare change from purchases made on linked credit or debit cards. This money can go into investment accounts that match your risk tolerance. Acorn only offers managed portfolios of ETFs for investing, but it also provides checking accounts and bonus investing when shopping at over 350 retailers.


  • Automatically invest spare change
  • Bonus investing from select retailers
  • Educational resource library


  • Can only invest in ETFs
  • $50 ETF transfer fee

Bottom Line

Acorns’ robo-advising app makes it simple for you to invest automatically. Additional perks like checking accounts with metal debit cards and bonus investments help you earn more. Just remember — all investments have risk.

Get advice from finance professionals.

Find a financial advisor near you on SmartAsset

Get Started

What is Acorns?

Acorns is a financial wellness system that strives to make investing more accessible through automatic micro-investing and related services, like banking and other forms of investing.

On the investment side, it features both investment accounts with diversified, exchange-traded fund (ETF) portfolios and investment accounts focusing on retirement, children and sustainability. Acorns’ micro-investing lets you round up purchases to the nearest dollar and invest that amount, but you can also set up recurring contributions if you want.

Acorns also offers FDIC-insured checking accounts, bonus investments when shopping at certain stores, a job-search platform powered by ZipRecruiter, a digital magazine and an educational resource library covering money and micro-investing basics.

How does Acorns work?

At its core, Acorns is a robo-advisor that invests your money into managed portfolios of ETFs that reflect your investment risk tolerance. One of Acorns' standout features is that you can automatically invest your extra change for purchases on linked cards or your Acorn checking account (available under Personal and Family membership tiers). However, you can still invest as little as $5 on a recurring or one-time basis.

The company then diversifies your investments across over 7,000 stocks and bonds, making sure to keep within your target allocations by automatically rebalancing your portfolio.

Acorn also has retirement accounts (traditional IRAs, Roth IRAs and SEP IRAs) and UTMA/UGMA accounts for investing in your children’s future. You can fund these accounts through recurring or one-time contributions. If you want to learn more about investing before jumping in or as you gain experience, Acorn has a resource library that covers finance basics.

Acorns fees

Acorns offers three membership tiers:

  • Lite ($1 per month): This provides access to an automated investment account with features like Acorns’ signature Round-Up program for spare change investing, recurring investments and early bonus investments from 350+ Found Money partners.
  • Personal ($3 per month): This provides all the benefits of Lite plus access to retirement and checking accounts, a metal debit card, automatic investing and up to 10% bonus investments.
  • Family ($5 per month): This provides all the benefits of Personal plus investment accounts for kids with no added cost for multiple children, Automatic Recurring Investments, exclusive bonus investments, family financial advice and potential tax savings.

While Acorns’ monthly fees are reasonable, they may actually be a better deal for investors with larger balances. If you don’t have much to invest initially, you may pay less with other investment platforms whose fees are a percent of your assets.

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

Does Acorns make you money?
Acorns is an investment app that facilitates investing in ETF portfolios in different asset classes. You can make money from your stock gains and dividends, but you can also lose the money in your account.
Is Acorns investing safe?
It depends on what you mean. Acorns has taken several steps to make investing safe, including FDIC-insured Spend accounts, SIPC-protected investment accounts, SSL encryption, account alerts, bank-level physical security and account safeguards. However, all investments have some risks.
Is Acorns FDIC insured?
Acorns’ deposit accounts are FDIC-insured for at least $250,000, but this doesn’t apply to investment accounts.
Is Acorns free?
No, its monthly membership fees range from $1 to $5 per month. There’s no minimum to open an Acorns account, but you need funds in your account to be able to invest.

Is Acorns worth it?

Acorns’ robo-advising platform makes automatic investing simple, 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 is still an excellent option if you want hands-off investing options for yourself or your family.

Sort: Recent
Filter by: Any

Currently there are no customer reviews.

Select stars to rate your experience
Very dissatisfied with the experienceDissatisfied with the experienceSatisfied with the experienceHappy with the experienceWould recommend to a friend

A link has directed you to this review. Its location on this page may change next time you visit.

Loading more reviews...

Acorns Company Information

Company Name: