Acorns
acorns.comSummary
Acorns is a financial wellness platform focused on automated saving and investing. It allows users to invest spare change, access diversified portfolios including stocks and Bitcoin ETFs, and offers banking features like a debit card, early direct deposit, and high-yield savings accounts.
Features9/12
See allMust Have
4 of 5
Prepaid Debit Card (Cash App Card)
Early Direct Deposit
Commission-Free Stock Trading
Bitcoin Trading
Instant P2P Transfers
Other
5 of 7
Fraud Monitoring & Security
Round-Up Savings
Instant Discounts & Offers
Customizable Card Designs
ATM Access & Fee Reimbursement
High-Yield Savings
Pay Over Time (Afterpay)
Rationale
Acorns offers a comprehensive financial platform that aligns with several features of the Cash App concept. It provides a prepaid debit card (Acorns Visa™ debit card/Mighty Oak Visa™ debit card), early direct deposit (Early Payday), and investment options including stock trading (through ETFs and individual stocks) and Bitcoin exposure (via a Bitcoin-linked ETF). While it doesn't explicitly mention P2P transfers, its banking features and debit card functionality suggest it facilitates money movement. It also offers fraud monitoring and security, high-yield savings (Emergency Fund with 4.05% APY), round-up savings, instant discounts/offers (Acorns Earn), and ATM access with fee reimbursement.
