Acorns Review: Invest Your Spare Change Automatically

This article may contain affiliate links. For more information, please see our Disclosure Policy.
Acorns App Review

Chances are you have a change jar at home…or at least, you used to back in the days when people primarily used cash. If you’ve ever cashed in a change jar and converted the coins to bills, you know how quickly those pennies, nickels, and dimes can add up!

If you’re not into cash and would prefer to swipe a card instead, now there’s an option to take your “spare change” and put it to good use – Acorns!

Acorns App Review

Acorns is a micro-investing app that will invest your spare change for you. The service is linked to your credit or debit card. Once you turn on automatic round-ups, Acorns will take the extra cents to bring your transaction up to the nearest dollar amount and invest them!

Besides automatic round-ups, you can also set up daily, weekly, and monthly investments, if you so choose.

In addition, you’ll get cash back through Found Money partners that connect to Acorns. (It’s automatic so you won’t need to worry about that.)

There is a small fee for using Acorns. The Personal account is $3/month and includes all-in-one investment, retirement, and checking, plus a metal debit card, bonus investments, money advice, and more.

The Family account is $5/month and includes Investment accounts for kids, plus personal investment, retirement, and checking accounts, and exclusive offers and content.

RELATED: 13 Best Game Apps to Win Money

Summary

I set up my own Acorns account a few weeks ago to see how it worked before sharing it with you. I’m happy to report in this Acorns app review that the process is very smooth. I had a small snafu with verifying my account, but their customer service was quick to respond.

I already have $48.91 in my account from rounding up transactions from this month and last month. It’s super easy! Acorns keeps track of my extra change amounts and pulls from my linked account once the extra change hits $5. It’s pretty seamless and you can cash out anytime, if you so choose. I wouldn’t recommend cashing it out, though…the whole point of investing is to leave your money alone while it grows!

Get started HERE!