Withdrawals may take 3-6 business days to post into your checking account because there is a mandatory 2-day settlement period. The Securities and Exchange Commission (SEC) mandates this period when buying or selling shares in Exchange Traded Funds (ETFs). It’s referred to as Regular Way Settlement. Once this period expires, Acorns initiates a draft into your checking account.
When you withdraw money after a recent investment, in some cases we may place a 5-day hold to prevent fraudulent activity on your account. We understand this hold can be frustrating, but know that this hold-period is designed to keep your account safe.