Great question!
When you make a purchase with your linked debit card, Acorns will automatically invest your spare change into your Invest account portfolio through our Round-Ups® feature.
Round-Ups® amounts from the purchases made with your linked cards are set aside until they hit a $5 threshold and are then transferred into your Acorns Invest account and invested into the Exchange Traded Funds (ETFs) in your portfolio. This money is always transferred from the bank account you’ve indicated as your primary checking account funding source. Remember, all Acorns investments are transferred from your one, primary checking account — even Round-Ups.
As an example, if you buy groceries for $25.45, we’ll automatically round up the spare $0.55. (To see how Acorns rounds up transactions with even dollar amounts, please click here). When your Round-Ups® investment amounts across your linked accounts reach at least $5, we’ll transfer that amount from your primary checking account funding source only. You also have the option to turn off the automatic Round-Ups® feature. Click here to learn how to adjust your Round-Ups® settings!
Real-Time Round-Ups® from your Acorns Visa™ debit card are pulled from your Acorns Checking account and are invested into the ETFs in your Invest account as soon as your transaction clears. This gives your money the chance to start growing right away.
Please note that if you do not maintain enough funds in your funding source bank account sufficient to cover your Round-Ups® investments, you could incur overdraft fees with your financial institution.
To learn more about our Round-Ups® feature, please feel free to view the following:
Videos:
- How-To Use The Acorns Round-Ups® Feature
FAQs:
- What is a Round-Ups® Multiplier?
Note:
Round-Ups® from your Acorns Visa™ debit card work a bit differently. Instead of waiting until the $5 threshold is met, Acorns Visa™ debit card Round-Ups® are pulled from your Acorns Checking account and are invested into your Invest account as soon as your transaction clears. We call these Real-Time Round-Ups®!
Please note that if you do not maintain enough funds in your primary checking account to sufficiently cover your Round-Ups® investments, you could incur overdraft fees with your financial institution.
