How much can I withdraw from my Later account?

You are able to withdraw from your Acorns Later account at any given time; however, the maximum withdrawal limit per transaction is $50,000.

With any IRA, there are often tax implications for early withdrawals or transfers (generally a 10% penalty and possibly income taxes and/or other penalties). You can learn more about the specifics from the IRS website here

To withdraw your Acorns Later funds, please follow these steps:

  1. After logging in to your account, tap or click on "Later starts today"
  2. Tap or click on "Withdrawal"
  3. Follow the prompts
  4. Enter the amount you’d like to withdraw
  5. Confirm your withdrawal 

Sell orders (i.e. withdrawal requests) placed before 11am PST on a market day typically will be processed the same day. If your request was made after 11am PST on a market day, Acorns will sell shares the following market day. It can take 3-6 business days for withdrawals to be fully reflected in your primary checking account. The SEC regulations dictate a mandatory 2 day settlement period, after which time the withdrawal has to process.

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