2 min

How does Acorns work?

Aug 18, 2022
in a nutshell
  • Acorns offers two different subscription tiers for your life’s financial needs.
  • Invest automatically invests your spare change lets you invest as little as $5 any time or on a recurring basis into a portfolio of ETFs.
  • With Round-Ups®, we round up any purchase made from a linked account, debit or credit card to the next dollar.
Image of Need help navigating Acorns? Here is how Acorns works to save & invest for you.
in a nutshell
  • Acorns offers two different subscription tiers for your life’s financial needs.
  • Invest automatically invests your spare change lets you invest as little as $5 any time or on a recurring basis into a portfolio of ETFs.
  • With Round-Ups®, we round up any purchase made from a linked account, debit or credit card to the next dollar.

Acorns offers two different subscription tiers for your life’s financial needs.

Acorns Personal - $3/month

Your personal financial wellness system, with all-in-one investment, retirement, and checking, a heavy metal debit card, bonus investments, money advice, and more!

Acorns Family - $5/month

Investment accounts for unlimited kids per family! Plus personal investment, retirement, and checking accounts, bonus investments, money advice, and more!

What are the different accounts in the tiers? 

Invest automatically invests your spare change (if you opt-in) and lets you invest as little as $5 any time or on a recurring basis into a portfolio of ETFs. Your investments are then diversified across more than 7,000 stocks and bonds, and Acorns automatically rebalances your portfolio to stay in its target allocation.

Later, the retirement account, lets you automatically save for retirement by setting easy Recurring Contributions. When you sign-up, the app recommends an IRA account for you based on your goals, employment and income.

With Acorns Checking, our checking account and debit card, you can save, invest and earn while you spend. Acorns Checking has no overdraft or minimum balance fees, plus free Allpoint ATM access nationwide.

Check out this video for more about how Acorns works.

Round-Ups® and Investing

With Round-Ups®, we round up any purchase made from a linked account, debit or credit card to the next dollar. We invest Round-Ups® in your Acorns Invest account when they add up to at least $5 from all linked accounts. You can find and manage your Round-Ups® within your Invest account.

Round-Ups® will always be transferred from your primary checking account.

Recurring Investments allow you to invest as little as $5 per day, week or month into your Acorns accounts.

And you can make one-time investments anytime to boost your account value. When you create your profile, we'll suggest a portfolio based on your answers to a few questions, but you can change it at anytime. The portfolio recommendation is designed with the goal to maximize potential returns at a selected level of risk.

Where do we invest it? The money in your Acorns Invest account is invested in different exchange-traded funds (ETFs). These funds include stocks, bonds and other securities. Read more about it at acorns.com/invest.

What makes Acorns different?

Our 5 investment portfolios were designed with the goal to maximize potential returns at a selected level of risk. There are no account minimums and we don't work on commission. Our goal is to give you the tools to take the best financial care of yourself, easily.

For our low monthly fee, you get:

  • Diversified portfolios

  • Automatic rebalancing

  • Access to Acorns Earn partners to earn while you shop

  • On the go accessibility through our mobile and web app

  • Investment support from our dedicated support team

  • Access to Acorns Later, an easy way to save for retirement

  • Access to Acorns Checking, with a debit card that saves, invests and earns for you

The path to financial wellness should be accessible to everyone, so we make it easy to invest in you. With Acorns, you can start early and invest often, without making big changes to your everyday life. In fact, you can start with as little as $5.

This material has been presented for informational and educational purposes only. The views expressed in the articles above are generalized and may not be appropriate for all investors. The information contained in this article should not be construed as, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy or hold, an interest in any security or investment product. There is no guarantee that past performance will recur or result in a positive outcome. Carefully consider your financial situation, including investment objective, time horizon, risk tolerance, and fees prior to making any investment decisions. No level of diversification or asset allocation can ensure profits or guarantee against losses. Article contributors are not affiliated with Acorns Advisers, LLC. and do not provide investment advice to Acorns’ clients. Acorns is not engaged in rendering tax, legal or accounting advice. Please consult a qualified professional for this type of service.

Acorns Logo
Acorns
Over 11 million sign ups
Get started Get the app