![]() Acorns does charge a monthly fee (between $1 and $3), and this policy is stated on the broker’s website. One customer has reported that a single round-up transaction resulted in multiple debits from the linked bank account.Ĭustomers have complained that they weren’t aware of the company’s fee or the app they downloaded didn’t list any fees. Acorns’ solution to unlink a card and re-link after 72 hours apparently doesn’t always fix the problem.Ĭlients who don’t get round ups have accused Acorns with nevertheless charging a monthly fee, which is supposed to pay for the round-up service. ![]() Some customers have complained that this service isn’t always done. Clients make purchases with debit/credit cards, and the transactions are rounded up to the nearest whole dollar, and the change is deposited into an Acorns account. The underpinning of Acorns’ business model is its round-up program. We’ve done some research for you, and here are the results:Īcorns’ Software Doesn’t Always Perform Round-Ups Promo: Up to $200 in FREE stock + transfer fee reimbursement.Īre you thinking about opening a brokerage account with Acorns? Some of the firm’s current and former customers have leveled several complaints against it. Promo: Get up to $4,000 cash bonus + $200 in ACAT rebate! Promo: $0 commissions + satisfaction guarantee at Charles Schwab. The remaining balance will be liquidated to return to your To process asset transfer requests (section B5). Requires the paperwork to have the medallion signature guarantee.Īcorns can only ACAT transfer whole shares, as stated in their To start an Acorns ACAT account transfer out process, please contact your other broker-dealer to initiate the paperwork. You will be able to re-invest those funds in a different brokerage account if you choose. You also have the option to withdraw the funds from your Acorns account into your checking account, and They will reimburse up to $75 of this ACAT fee (must have a minimum $7,500 account balance). The total Acorns ACAT fee for your transfer request would be $250 if you currently hold whole positions in 5 ETF(s). "Program Agreement", to process asset transfer requests (section 2.2). Get $20 when you open an Acorns account with this referral link.įor outgoing ACAT transfers, Acorns charges a $50 per ETF fee, as stated in their
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