Competitors
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Acorns
play.google.comSummary
Ask questionsAcorns is a financial wellness app that focuses on automated saving and investing. It allows users to invest spare change through Round-Ups, invest in diversified portfolios, and offers options for retirement and kids' investment accounts. The platform also provides savings features and educational content to help users grow their financial knowledge.
Features5/12
See all5/12
Must Have
2 of 5
Commission-Free Stock Trading
Bitcoin Trading
Instant P2P Transfers
Prepaid Debit Card (Cash App Card)
Early Direct Deposit
Other
3 of 7
Fraud Monitoring & Security
High-Yield Savings
Round-Up Savings
Pay Over Time (Afterpay)
Instant Discounts & Offers
Customizable Card Designs
ATM Access & Fee Reimbursement
PricingTiered
See allTiered
Bronze
$3.00 monthly
- Round-Ups®
- Expert-built diversified portfolio
- Retirement account
- Checking account
Silver
$6.00 monthly
- Everything in Bronze
- 1% IRA match on new contributions to Acorns Later retirement account (first year)
- Emergency fund
- Courses and videos to grow money knowledge
- Live Q&As with investing experts
Gold
$12.00 monthly
- Everything in Silver
- 3% IRA match on new contributions to Acorns Later retirement account (first year)
- Investment accounts for kids with a 1% match
- Acorns Early smart money app and debit card for kids
- Ability to add individual stocks to your portfolio
- $10,000 life insurance policy
- Complimentary Will
Rationale
Acorns is a strong match for several 'other' features and some 'must-have' features related to investing. It explicitly offers commission-free stock trading (though it's for individual stocks from the largest 100+ public US companies, not all US-listed stocks), Bitcoin trading (via a Bitcoin-linked ETF), fraud monitoring, high-yield savings, and round-up savings. However, it does not offer instant P2P transfers, a general-purpose prepaid debit card for everyday spending, or early direct deposit, which are core 'must-have' features of the Cash App concept.
