Can Acorns Link a Bank Account With a Routing Number

Micro-investing is a modern phenomenon that makes investing in the stock market accessible to anyone with an cyberspace connection and a banking concern business relationship. New fiscal engineering science companies go on to surface in this space, each putting frontwards a unique spin on everyday investing.

Acorns launched a micro-investing app in 2014 that puts your digital "spare change" to work. Information technology became known for its flagship Round Ups feature, which helps users invest a few cents anytime they spend money.

Stash emerged in 2022 as an auto-investing app, with features focused on setting a schedule of small, automatic investments into portfolios that support causes and industries you intendance about.

Both investment apps have grown since and developed boosted features to go along up with the continually creeping competition in fintech. These financial companies offering products to help you invest, salvage, banking company, manage money, and prepare for retirement.

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The product offerings in each app look like, but the features vary, and you have to look into the details to determine which is the best identify for your money.

Key Features

Acorns and Stash both started every bit uncomplicated micro-investing apps, so the cadre product of each is a personal investment account. Both take expanded, even so, to include options for retirement and banking, as well.

The apps' offerings are similar, but each has subtly unlike features, pricing, and capabilities that could make one or the other a better fit for your financial goals and lifestyle.

Account Options

Acorns and Stash each offer three types of accounts in a single app: investment, retirement, and banking. The capabilities of each business relationship vary slightly between the brands.

Acorns Account Options

Acorns Invest. Acorns' core product is an investment account that uses your "spare modify" to invest in exchange-traded funds (ETFs) made up of stocks and bonds. You can choose how conservative or ambitious a portfolio you want among six options, but you can't choose which ETFs make up your portfolio.
Acorns Afterwards. This private retirement account (IRA) lets you manage retirement savings in the same place as your other Acorns investing and checking accounts. It automatically sets you up with a Roth IRA, traditional IRA, or SEP IRA (for cocky-employed business owners) when you sign up, depending on your lifestyle and goals. It also automatically rebalances the account as you age or your lifestyle changes to assist you meet retirement goals.
Acorns Checking. Anyone with an Acorns account can open this FDIC-protected checking account backed by Lincoln Savings Bank and receive an Acorns debit card.
Acorns Early. Open up a custodial investment account (UGMA/UTMA) for as many kids every bit y'all'd like, without any added toll per kid.

Stash Account Options

Stash Invest. Stash'southward flagship product, a personal investment account, lets you purchase fractional shares of stocks, bonds, and ETFs¹ for as petty as $0.01². Cull individual stocks or bonds to purchase or invest in ETFs based on the issues or types of companies you want to back.
Stash Retire. Open up a traditional or Roth IRA to save for retirement through the same micro-investing methods as Stash Invest uses³.
Cyberbanking. A Stash cyberbanking (aka debit) account is an online checking business relationship through Green Dot Bank^four. The bank business relationship includes Direct Deposit, Bill Pay, ATM Access, and a debit card. Plus, it supports your Invest business relationship with the option to earn stock-back Rewards through your debit card and recurring transfers^v.
Custodial Accounts. Open custodial accounts for upwardly to two children — you don't have to be the parent. Investments work the same equally a personal investment account. When the child turns 18, they can have over the account and continue to invest or withdraw and use the funds.

Contribution Methods

Both Acorns and Stash let you brand manual contributions to your investment accounts anytime, plus each offers multiple means to automate contributions based on your lifestyle, goals, and spending habits.

Acorns Contribution Methods

Round Ups. When y'all make a purchase with a linked carte du jour, Acorns rounds up to the adjacent dollar and invests the alter. It invests Real-Fourth dimension Round Ups from your Acorns debit card immediately from your Checking business relationship. Information technology also invests Round Ups from linked cards one time they full $v, and the money comes from the single account you set up as a funding source. Set Acorns to invest Round Ups automatically, or review them manually whenever y'all want. Use Round Ups Multiplier to invest double, triple, or x times each Circular Upwards corporeality.
Found Coin. Similar to a cash-back program, Acorns Establish Money lets you earn up to x% dorsum for shopping at partner brands with your continued credit or debit card. Acorns automatically invests Institute Money funds into your Invest account.
Erstwhile Contribution. You can make a one-time contribution to your Acorns Invest or Later account someday through the app.
Recurring Contribution. Prepare upwards a daily, weekly, or monthly contribution of any amount from your funding source to your Acorns Invest or Later business relationship.

You tin can fund an Acorns Checking account through paycheck directly deposit, or manual transfer from an external bank account or PayPal.

Stash Contribution Methods

Stash offers two automated ways, collectively dubbed Machine-Stash, to contribute to your investment accounts, including:

Set Schedule (Auto-Stash) . Select an amount to contribute daily, weekly, or monthly to i) your personal, retirement, or custodial investment account or two) your cash remainder, a reserve of money set up for you to allocate to investments.
Circular-Ups. Every time you spend from your linked external bank business relationship, Stash will circular to the nearest dollar and stick the digital change into your cash residue.

Stash banking customers can too earn stock rewards through Stock-Back⁷: Enroll your Stash debit card to receive pieces of stock that correspond to your purchase. For example, if y'all shop at Starbucks, you lot earn Starbucks stock. Stash+ members earn double Stock-Dorsum rewards.

You can fund a Stash cyberbanking business relationship through direct eolith or transmission depository financial institution transfer inside the app.

Fees and Costs

Acorns and Stash, too every bit other micro-investing apps, aim to brand investing attainable with low-toll products for people who tin't pay a financial adviser or spare thousands of dollars to invest.

To that end, they both limit fees — just exercise your math. Even $1 per month could exist a substantial percentage of your assets under management if you only invest spare alter, and then ensure you invest and earn enough to brand the fees worth it.

Acorns Fees

Acorns offers 2 subscription levels. You'll pay a single monthly fee based on the products you lot want to use:

Personal, Including Invest, Afterward, and Checking. $iii per month until you have $1 million invested
Family, Including Invest, Later, and Checking, and Early. $5 per month

Y'all can't mix and match products any other manner. In other words, if you want a Checking account, you have to pay $3 per calendar month and have access to a Checking , After, and Invest account, whether yous contribute to the investment accounts or non.

There is no minimum deposit to open an account. The minimum investment corporeality for any account is $5.

Acorns Checking charges few fees other than the monthly subscription. There are no fees for banking concern transfers, overdrafts, minimum balance requirements, or strange transactions, and it reimburses ATM fees each calendar month.

You lot may likewise pay fees associated with investments.

Stash Fees

Stash offers three subscription levels with varying admission to its financial products. Every Stash user starts with Invest and banking accounts. Y'all can upgrade for more than options.

Beginner. For $i per month, get Stash Invest and banking accounts, earn Stock-Back rewards⁸, and go a $1,000 life insurance policy through Avibra.
Growth. For $3 per month, get Stash Invest, banking, and retirement accounts earn Stock-Back rewards⁸, and become a $1,000 life insurance policy through Avibra.
Stash+. For $9 per month, get personal investment, banking, and retirement accounts, and Stock-Back rewards, plus custodial investment accounts for ii kids and a metal debit bill of fare for your banking account⁸, and get a $one,000 life insurance policy through Avibra.

Stash doesn't set a minimum deposit to open up a banking or Invest business relationship. You must deposit at to the lowest degree $1 to open up a custodial or Retire account.

A Stash cyberbanking account doesn't accuse fees for overdrafts or have minimum balance requirements⁹. Purchases outside the U.S. are subject field to foreign transaction fees.

Yous can get access to thousands of fee-complimentary ATMs^ten. You'll pay a $2.50 withdrawal fee for out-of-network ATMs, plus whatsoever fee the ATM's banking company charges. Y'all may exist subject to pay upwards to $iv.95 to deposit cash at Green Dot retail locations (varies past retail location).

You may also pay a direction fee associated with investments.

Checking Account Features

Acorns and Stash each offering a checking account through partner banks. The accounts seem similar, but a look under the hood reveals significant differences in functionality.

Acorns Checking Business relationship Features

The Acorns Checking account is fabricated to support your investment activity, so y'all don't do good much if you don't also want to invest with Acorns.

Like any checking account, you tin can fund Acorns Checking through paycheck straight deposit or transfer from some other account, such as a banking company or PayPal account.

Acorns Visa Debit Carte du jour. Acorns Checking customers get a loftier-blueprint debit carte du jour made of tungsten metal, which you tin use for everyday purchases and ATM transactions.
Existent-Fourth dimension Circular Ups. Round Ups from your Acorns debit bill of fare come from Checking and happen in existent time.
Compatible With PayPal, Apple Pay, and Google Pay. The Acorns debit bill of fare automatically works with Apple Pay or Google Pay (formerly known as Android Pay), and yous can transfer coin between a PayPal account and your Checking account. Checking is not compatible with other mobile payment apps, such as Zelle.
Bill Pay. The account doesn't include a bill payment characteristic, merely you lot can use your account and routing numbers to set up bill pay with servicers.
Withdrawing Funds. Withdraw money through an ATM (maximum $500 per day) or by transferring to an external account (maximum $seven,000 per twenty-four hours).
Bank check and Cash Eolith. Y'all tin't deposit checks or cash into a Checking account via ATM, but yous take access to mobile check deposit through the Acorns app (maximum $five,000 or three transactions per mean solar day).
Checks. Acorns doesn't provide checkbooks or checks, and third-party check services won't work, only you can use the Transport Check characteristic to mail a concrete bank check.

The Acorns Checking account is designed primarily to support Acorns investing, so y'all need to have an additional business relationship to cover all your financial needs. It does not support joint checking accounts.

Stash Banking Features

Stash'south banking account works through Dark-green Dot, a prolific online banking service and FDIC-member banking company.

Through the Green Dot engineering and fiscal services network, it offers greater functionality than Acorns Checking and could become your main checking business relationship.

Visa Debit Card. A Stash banking account comes with a Visa debit carte, and you can earn Stock-Back rewards on purchases from participating merchants. Stash+ members become a metal debit bill of fare and double rewards^vii. You'll receive the card in the postal service after depositing at to the lowest degree $1 into a Stash banking account.
Cash Management Tools. You can bucket your money into savings goals and expenses through partitions¹² then yous can spend what you know you tin spare.
ASAP Direct Deposit. Set direct deposit to Stash, and y'all can get your paycheck in your banking company business relationship upwards to two days early¹³.
Digital Wallet Integration.Stash debit card works with Samsung Pay™, Google Pay, and Apple Pay®.
Uniform With Mobile Payment Apps. Make and receive payments past connecting your Stash business relationship to Venmo, Apple Pay, Google Pay, Samsung Pay, and Square Cash.
Bill Pay. Fix electronic payments or take a paper check mailed to cover rent and other bills.
Withdrawing Funds. Withdraw money at an ATM or into a linked external banking company account.
Check and Cash Deposit. Deposit greenbacks (up to $two,500 per day) at Green Dot participating retailers, including CVS, Walmart, Walgreens, and Rite Assistance, for a fee upwards to $4.95. Deposit checks through the Stash mobile app for no additional fee.
Checks. You can't order checks from Stash, but you tin can schedule checks to send via bill pay in the app (limitations employ and paper checks commonly have v to 7 business organisation days to get in).

Stash does not back up articulation checking accounts.

Fiscal Education

Neither Acorns nor Stash gives customers access to alive human advisers for personalized investment advice.

Instead, both have technology and finance professionals working in the background to proceed your investments on track. They each also provide resources to help yous learn well-nigh investing and money direction in general.

Acorns Financial Education

Through Grow Mag, Acorns, in partnership with CNBC, shares articles on personal finance topics ranging from borrowing and repaying debt to strategies for making and saving money.

Stash Fiscal Education

Through Stash Learn articles on its blog and in the app, Stash provides personal finance information and guidance, money news, and lifestyle content.

Mobile and Web Apps

Both Acorns and Stash are designed primarily with mobile users in mind, so their apps for smartphones and tablets offer the products' full range of features.

Acorns Mobile and Web Access

You can admission your business relationship through the Acorns website, but the mobile app is the best experience.

Access all Acorns features through the mobile app, including:

Open, manage, and see the remainder on Invest, Later, Checking, and Early accounts
Connect your banking concern account to fund Acorns accounts
View and manage Round Ups
Gear up upward recurring and one-fourth dimension contributions
Transfer, eolith, and withdraw money from Checking
Deposit paper checks into your Checking account
See Found Coin opportunities

Stash Mobile and Web Admission

You tin access your Stash accounts through its website or mobile apps, available for iOS and Android.

All Stash features are available through the mobile app, including:

Open, manage, and see balances for your investment and banking accounts
Connect an external depository financial institution business relationship for Rounds Ups and funding
Manage Auto-Stash settings
Transfer, deposit, and withdraw money from your banking account
Eolith newspaper checks into your banking account
Schedule bill payments from your banking account

Stash is complimentary to download in the App Store for iOS and on Google Play for Android.

Account Security Features

Acorns and Stash apply virtually identical security measures to protect your money and digital data. They're similar to those you lot'd find with any financial establishment.

Acorns Security Features

Acorns investment accounts are SIPC-protected up to $500,000, and the checking account is FDIC-insured up to $250,000 (both typical coverage amounts for financial institutions).

Acorns protects your data with banking concern-level security, using 256k-flake encryption and never storing information on your device. Your accounts also go continuous fraud monitoring and protection.

Yous tin immediately lock and unlock your debit card in the Acorns app through Checking settings in case it'south lost or stolen.

Stash Security Features

Stash investments are SIPC-protected up to $500,000 total (including $250,000 for claims for cash).

Investments are held by Apex Clearing Corporation, a 3rd-party SEC-registered broker-dealer and fellow member FINRA/SIPC, via the clearing agency Apex Clearing Corp., member SIPC. See www.spic.org for details.

Stash cyberbanking accounts are FDIC-insured upwardly to $250,000. For uninvested funds, a Stash account is enrolled in the Apex FDIC-insured Sweep Program.

Deposits to the Sweep Plan are covered past FDIC insurance up to $250,000 per customer at each FDIC-insured depository financial institution that participates in the Sweep Program. Cash deposited under the Sweep Program is no longer covered by SIPC.

These registrations do not imply a certain level of skill, but they do require Stash to follow federal regulations that protect the investor.

The Verdict: Is Acorns or Stash Right for Yous?

Acorns and Stash each lead with unique features, but they've developed like offerings since inception to stay competitive.

A novice investor could get a practiced starting time investing using either app, but i or the other could give you a slight border, depending on your financial goals.

Utilise Acorns If…

You Want to Make the Most of Your Spending Habits. Acorns offers rewards for purchases with any linked debit and credit cards and your Acorns debit card, while Stash only offers Stock-Back for purchases with a Stash debit carte.
Yous're a Hands-Off Investor. You lot can only select from amongst six portfolios, based on your adventure tolerance. Acorns professionals choose your asset allotment and which ETFs brand up your investment portfolio, and so you don't have to know which companies brand the best investments. Unlike Stash, Acorns besides lets y'all gear up Circular Ups for automatic investment, then y'all don't take to motion coin around manually.
You're Self-Employed. Acorns offers a SEP IRA for small-business owners, which Stash does not.

Utilize Stash If…

Y'all Want All Financial Services in One Identify. Stash'southward banking business relationship is more robust than Acorns' and could act as your primary checking business relationship. The app'south features let you manage expenses, savings, personal investing, retirement, and kids' investing in ane place.
Y'all Want to Command Your Investments. Stash lets you lot choose individual stocks, bonds, and ETFs to purchase if you want to, which Acorns does not. That makes information technology a better fit if yous want to manage your investments more actively.

Both Apps Are Cracking If…

You're a New Investor. Micro-investing apps, on the whole, are corking for novice investors considering they let you lot dip your toe in the stock market place without risking much money. Acorns and Stash each offer tons of guidance and support to help users understand their investments and the basics of investing in general.
You Want Automatic Investing. Each app offers unique options for automating contributions to your investment accounts, including through scheduled contributions, transaction circular ups, auto-saving, and debit carte rewards. They let yous invest in the background without thinking near it.
You Want to Invest With Small-scale Amounts of Money. Both apps let you invest less than $i at a time, so anyone tin can invest in the stock market. That'south useful if you want to try investing without risking much, and if you desire to continuously abound your account but take a low cash flow.
Yous Want More Retirement Savings Options. A 401(k) is a smart place to start your retirement planning if it'south available, simply an IRA is a smart way to diversify your investments and maximize your possible tax benefits. Both apps let you contribute to an IRA with tiny contributions, which could abound significantly over the long term before y'all retire.
You lot Like Mobile Banking. Each app gives you access to a digital cyberbanking platform, so yous can manage your checking account from your smartphone, including depositing checks anytime. Housing your checking account inside the aforementioned app equally your investment and retirement accounts lets yous get a big-picture wait at your finances in 1 place and could simplify your money direction.
You Want to Invest for Kids. Stash lets you open custodial investment accounts for upwardly to two kids, and Acorns offers Acorns Early custodial accounts for whatever number of kids. That makes either app a good fit to teach your kids about investing and contribute to their time to come financial success with the same small contributions and automatic options yous get for your own investment accounts.

Last Word

Either Acorns or Stash could be a great fit for any novice investor who wants to dip their toes in the marketplace with a little flake of cash at a time. They offer the convenience of a robo-counselor like Edification or Wealthfront, but with lower barriers to entry.

Both open investment options to more people by letting you invest in ETFs and fractional shares of stocks, so you tin support lucrative stocks with just a few spare cents.

Both also provide ongoing financial instruction to get you up to speed on investing best practices, learn more than about where your money is going, and improve your fiscal habits.

Each offers like methods for automating your investments through manual, recurring, and round-up contributions. Stash uniquely offers Smart-Stash to decide how much you can beget to set bated, which is useful if your income varies.

The greatest variance between the apps is in the checking business relationship features.

Acorns' stripped-down Checking account can support your investment action, but bill pay is inconvenient, you can't ship money with digital payment apps, and you have no way to order checks or deposit cash.

Stash's total-service banking account through Greenish Dot supports check or electronic pecker pay, mobile payments, and cash deposits, then it'south a smarter option for a primary checking account.

Both apps allow you lot go started investing now, rather than waiting until you can beget traditional investing routes, then your money has more time to abound. Simply keep an eye on your return to make sure you don't lose all your interest earnings to fees.

This textile is not intended every bit investment advice and is not meant to advise that any securities are suitable investments for any particular investor. Investment advice is only provided to Stash customers. All investments are subject to risk and may lose value.

¹ Before investing in whatever exchange-traded fund, consider your investment objectives, risks, charges, and expenses.
² For Securities priced over $1,000, buy of fractional shares starts at $0.05.
ⁱⁱⁱ Stash does not monitor whether a client is eligible for a particular type of IRA, or a tax deduction, or if a reduced contribution limit applies to a customer. These are based on a customer's individual circumstances. You should consult with a tax advisor.
⁴ Debit Business relationship Services provided by and Stash Visa Debit Carte du jour issued by Light-green Dot Bank, Member FDIC, pursuant to a license from Visa U.Southward.A. Inc. Investment products and services provided by Stash Investments LLC, not Green Dot Banking company, and are Not FDIC Insured, Not Bank Guaranteed, and May Lose Value. In order for a user to be eligible for a Stash debit account, they must also have opened a taxable brokerage account on Stash. Account opening of the debit account is subject area to Green Dot Depository financial institution approval.
^v The recurring transfers feature is offered past Stash Investments LLC and is not sponsored or endorsed past Light-green Dot Bank.
⁶ The adult (or Custodian) who opens the account tin can manage the money and investments until the minor reaches the "age of majority." That age is usually eighteen or 21, depending on the Custodian'due south state. The money in a custodial account is the property of the pocket-sized. Coin in a custodial business relationship tin exist used past the parent or legal guardian, but only to do things that benefit the child.
⁷ Stash Stock-BackⓇ is not sponsored or endorsed by Green Dot Banking concern, Green Dot Corporation, Visa U.S.A., or whatsoever of their corresponding affiliates, and none of the foregoing has whatever responsibility to fulfill any stock rewards earned through this programme.
⁸ You'll besides behave the standard fees and expenses reflected in the pricing of the ETFs in your account, plus fees for diverse ancillary services charged past Stash and the custodian.
⁹ Other fees apply to the debit account. Delight run into Deposit Account Agreement for details.
^ten Fee-gratis ATM access applied to in-network ATMs only. For out-of-network ATMs and bank tellers a $2.fifty fee volition apply, plus any boosted fee that the ATM owner or bank may charge.
¹¹ Transaction is declined and no fee is charged.
¹² Money in a partition must exist moved to the bachelor remainder in your bank business relationship before it can exist used and does not earn interest.
^thirteen Early access to your direct deposit depends on eolith verification and when Green Dot Bank gets notice from your employer, and may vary from pay period to pay flow.
Money Crashers is a paid Affiliate/partner of Stash. Investment advisory services offered past Stash Investments LLC, an SEC-registered investment adviser.

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