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Acorns Checking Accounts Review

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Acorns is an online financial services company that is based in Irvine, California and has been in business since 2012. It offers brokerage accounts, retirement accounts, and checking accounts with low monthly maintenance fees and no minimum balance requirements.
 
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How is Acorns rated?

Breakdown

Overall Rating: 0 / 5 (N/A)

The Acorns Spend checking account is worth considering if you are also interested in Acorns' investing tools. The accounts pair well together and you can get started investing painlessly just by swiping your Acorns Spend debit card. The account also offers some nice perks like few fees and ATM fee reimbursements. But it's missing some common features like mobile check deposit and mobile payment service integration, so if you use these features regularly, the Acorns Spend account may not be your best option.

Acorns Account Features

Account Features - 0 / 5

The Acorns Spend account is an online checking account that's in some ways more advanced than its competitors and in other ways, a little behind. It stands out because it integrates with Acorns Invest and Later accounts, which are designed for investing and retirement savings. When you swipe your Acorns Spend debit card at a store, Acorns automatically rounds up your purchase to the next dollar and invests the change so you can start investing easily and painlessly. And if you make a purchase at an Acorns partner business, that business will put 10% of your purchase price toward your Acorns Invest account as well. Acorns enables you to manage your money in all of your accounts in one place, but it's also missing a few common features, like mobile check deposit and integration with mobile payment services.
Types of Checking Accounts
Online Checking Accounts
Methods of Deposits
Mail Check
Online Transfer
Direct Deposit
Integration with Other Online Accounts
Brokerage Accounts
Retirement Accounts
No-Fee ATM
Reimbursement for Domestic ATMs
Reimbursement for International ATMs

Overdraft Protection

Acorn does not charge overdraft fees.
Card Blocking
Yes
Pay Bills Online
Yes
EMV Chip Technology
Yes
Bank Checks
No
Mobile App
Yes

Acorns Fees and Restrictions

Fees and Restrictions - 0 / 5

Like most other online checking accounts, Acorns doesn't charge much in the way of fees. It does have a monthly fee of $1 or $3 if you choose to open an Acorns Invest, Later, and Spend account. But other than that, you shouldn't have to worry about too many other charges or balance requirements.
Maintenance Fee
There is a $1 monthly fee if you choose just the Acorns Spend account or a $3 monthly fee if you choose the 3-in-1 Invest, Later, and Spend account.
Minimum Balance
There are no minimum balance requirements.
Minimum Monthly Deposit
There is no minimum monthly deposit requirement.
Minimum Number of Transactions
There is no minimum transaction requirement.

Acorns Support, Reputation, and Financials

Support, Reputation, and Financials - 0 / 5

There aren't many customer reviews of Acorns online, so it's difficult to get a good read on what others think of it. If you're unsure whether Acorns is a good fit for you, you can always try it out or reach out to the company for more information on its products and services before deciding.
BBB Rating
NR
BBB Total Complaints
90
BBB Resolved Complaints
14
Trust Pilot Rating
3.4 out of 5
Date Collected
2020-06-01
Year Founded
2012
Live Help 24/7
No

Contact Methods

  • Email
  • Social Media

Company Profile

Full Name
Acorns Checking Accounts
Company Website
https://www.acorns.com/

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Top Rated
Our Partner

Get paid up to 2 days early with direct deposit1

  • No minimum balance, no monthly fees and no overdraft fees

  • Over 60,000 fee-free ATM locations2

  • Receive access to Chime Credit Builder Secured Visa® Credit Card3

  • Banking services and debit card provided by The Bancorp Bank, N.A. or Stride Bank, N.A.; Members FDIC

1. Depends on the timing of the submission of the payment file from the payer

2. Terms Apply

3. See website for details

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