All it does is lose money. I initially added some, added a few round ups, and set a recurring payment for every month. It hasn't made me a dime. It just keeps losing. Update: since their generic and completely unhelpful reply, I'll share more results. It lost even more money (still) . I'm so glad I stopped recurring payments with you guys. I'm spreading the word about this app for sure. Maybe you guys will make it easier to close your account in the future instead of keeping people pissed.
Reviews for Acorns: Invest For Your Future
Pulls change for each purchase. You can set up recurring monthly payments to grow it faster. Except.. the money it pulls doesn't come out immediately. It waits until its added up to $6-7 and then pulls it at once. 3-4 days after it checks your balance. So it has NO way of guaranteeing that your account won't be overdrafted (despite what they say). I got THREE overdraft charges ($29 each). Ended up paying just as much in fees as acorns was saving. Completely defeats the purpose.
I liked this app til I tried to get my money out. 3 months and I still don't have it. I have emailed them several times and they just keep sending automated emails back. Update. They finally did get back to me. And resolved the issue. I received my money. Thank you acorns for that. I added a couple stars. Would add more but the only way to communicate is through email and you use a lot of auto send type to deal with issues.
I was semi-pleased with this app despite one of my card's purchases never showing up in round ups. Now I'm not pleased, really. You can't do manual round ups anymore. Even going to the core account in the new app, I can't see transactions in the last 10 days that I have made.i turned off automatic round ups because I would be charged s round up for a pending transaction and when it went through. So twice for the same purchase. But despite that I was generally pleased. If I was low in my funding account, I would just turn it off until payday to avoid an overdraft fee. Bit they really need to bring the round ups back to an entire screen and fix why it's not showing any transactions in days.
Been waiting weeks to get this app started, it took forever to get verified which is whatever and then I'm all excited to get started and then my transers have been on hold for a really long time. Will re-rate once it gets going but I'm not happy with this progress. update: I ended up losing a bunch of money with this app, and then you lose another 30% when you go to get your money back. for every dollar I put in, I got 50 cents back.
It would be great if suggestions or predictions were available. For instance, if you invest 25 a month it will be this in 40 years, but if you start investing 75 it could be this. Also, it would be great if multiple recurring deposits could be scheduled at different times of the month from different accounts. Just a thought but overall great app. I love it
Great app for saving but if you set your account to round up, it will take round ups from purchases made by AND ANY DEPOSITS that go into the account. They specify round ups as coming from purchases only which is not true at all. After that, you'll have to wait for the funds to settle and then withdraw the funds which will take another week.
Horrible. Very unclear hidden fees when I first started. Every time I tried to use their help center, it would delete the log and end the conversation if you didn't keep the help center tab open. Meaning if they ask you a question about your account, you can't open any other part of the app, or it closes out the conversation. Just get a self investment app and do some basic stocks. Don't bother with this app.
It looks good, and I think it's a great way to make money over time. But I do have an issue. The whole point was to link your card for round ups, and you're able to manually link your bank account with it instead. But for some reason, doing that doesn't turn on round ups, and it keeps asking to link a card. Wouldn't manually linking your bank account would make it easier, so why doesn't it turn on Round-ups? It makes no sense and is inconvenient. Please fix the issue so it works for manual.
Makes you link your bank account then tells you what the monthly charge of using the app is but if you don't want to pay that (and why would you when plenty of others do the same thing for free) you can't go back to the previous page or get to another page to delete your bank info. Far as I can see so far I'm going to have to subscribe and then immediately unlink my bank then delete my amount account and cancel subscription.