![]() Rather, the Acorns tool only processes a transaction to fund the investments once the aggregated round-ups reach at least $5. Perhaps the only downfall to the round-up feature is that the round-up money isn’t actually withdrawn from your spending account and funded every time a purchase is made. You also have the option to make one-time contributions to the account, or even set up recurring transactions to fund at set intervals like monthly. It does, however, provide a degree of additional flexibility if you are seeking a bit more control. This option will require you to manually select each purchase to which the round-up should apply and may not be the best choice for those that are looking to follow an automated approach. “Invest” also allows users to be more selective as to when the round-ups are applied to purchases by turning off the automated feature. We feel it is a win when saving and investing become automated, inexpensive, and easy to do. ![]() Based on the old proverb that from acorns, mighty oaks grow, “Invest” allows users to invest “spare change” by linking one or more spending accounts to the platform, which automatically rounds up every purchase to the nearest dollar. The easy to use interface and platform are meant to make up for the lack of support, but for some specific questions or issues this may not be a great option.Īcorns core product, Invest, was designed to simplify, and automate the saving and investing process. It is nearly impossible to find contact information, a chat feature, a help center, or really any way to speak to a human about questions or concerns. One problem with Acorns service is the lack of customer support for both the account setup process and ongoing use. Within “Grow” you can search for different finance and investment topics that not only cover saving and investing, but also teach about spending, borrowing, and earning more money. Every part of the experience is clear and concise with information that generally matters most to help users improve investing.Īcorns also offers a robust education center called “Grow”, which is a very valuable resource for all types of investors, but especially those that are just starting out. Once you get past the overly bright green color scheme, you start to see why. In fact, Acorns has been the recipient of many awards for the sleek and easy-to-use design and technology. The Acorns app and online experience are both extremely slick and user friendly. Customer support is minimal for those looking to speak to someoneĪcorns User Experience and Service: 4.4 ★. Round-ups on purchases do not automatically fund until aggregate is $5 or more.Proportionally high fees on smaller account balances. ![]()
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