This feature allows users to set up automatic recurring investments (also known as dollar cost averaging) making it easy to invest consistently. What’s happening on the back end is that Acorns is setting aside your spare change in a separate account, and once you reach a $5 minimum threshold, they’ll invest the funds.Īcorns also offers a recurring investment feature. How this works is that you connect your debit or credit card to Acorns, and every time you make a purchase, the app will round up the amount you spend to the nearest dollar. What Acorns is most well-known for is its roundups feature, which allows you to invest your spare change into a diversified portfolio of ETFs. Most accounts are approved within one business day. To help Acorns recommend the right portfolio, you’ll also need to provide general profile information, including your financial goals, occupation and earnings. Once complete, you’ll need to link your bank account to your Acorns account by providing your banking login information. As part of the verification process, you may also need to upload a photo of your government-issued ID or other documentation. This involves providing your physical address and Social Security number. To get started, simply download Acorns via this promotional page on your smartphone.Īfter providing some basic information - including your name, email address and password - you’ll move on to the Know Your Customer (KYC) process. Maintain the paid subscription until the bonus is received.Initiate a recurring investment of at least $5 within 14 days.Link a funding source, such as a checking account.Sign up with Acorns via their promotional landing page.Important conditions and requirements include: Comparison to Other Investment App BonusesĪcorns App Sign-Up Bonus Conditions and Requirements.Acorns App Sign-Up Bonus Conditions and Requirements.In the past, Acorns has offered limited-time bonuses related to their banking product, such as a $75 bonus for setting up direct deposit. Before this date, any $5 investment would allow you to earn a bonus. Note that this recurring investment requirement was a change Acorns made in February 2023. To qualify for the bonus, your investment must be made via Acorns’ recurring investment feature and must be a minimum of $5. To receive this bonus, users must verify their identity using ID.me. Healthcare workers, first responders, and active-duty military members are eligible for an increased bonus of $30. To encourage new users to join, Acorns currently offers a sign-up bonus of $20. No, but you must sign up through the proper landing page.Īcorns is a popular investment app that makes it easy to start investing with spare change roundups. $20, or $30 for first responders, healthcare workers and military personal. May earn money when you make a purchase or sign-upĪfter clicking. Some of the links on our website are sponsored, and we
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