Acorns Review App 2020 – Is Acorns Worth It?

is acorns worth it?

Acorns Review – Turn Your Spare Change into an Investment Portfolio

Acorns App Expert Review

If you’ve had difficulty saving money in the past, Acorns could be the app you’ve been waiting for. Not only does it help non-savers become savers, but it also turns those savings into investments. And as it does, Acorns manages those investments for you. This Acorns investing review will arm you with the information to decide if Acorns is worth it – for you.

Acorns is both a micro-savings app, and a robo-advisor investment platform all in one. Plus with Acorns Spend you also get an Acorns checking account and Acorns debit card.

Acorns App Review

Name: Acorns Review

Description: Investing app that invests your "spare change".

  • Fees
  • Investment Choices
  • Ease of Use
  • Tool & Resources


Acorns App allows you to save and invest money while you spend on everyday expenses; “Found money” partners, such as Lyft and Walmart, automatically add to your account.


  • Low-cost, commission-free ETFs from Vanguard, Blackrock + iShares.
  • Taxable brokerage accounts, IRAs, and a checking account with attached debit card.
  • Students can use Acorns for free (with .edu email).


  • Small amounts of money take awhile to grow.
  • Limited customer service.
  • Fees add up on small investment amounts.

The app enables you to save money by collecting what it refers to as virtual spare change. It does this by rounding up your purchases to even numbers, and then moving the change into your investment account. Once there, your account is invested in a professionally managed portfolio of funds that represent thousands of individual securities.

Acorns is a simple app that enables you to both save money and invest for the future, even if you’ve never been able to save money in the past.

You don’t even miss the money, and before you know it, you’re building wealth for the future. If you’re wondering, “Is Acorns worth it,” you should try it out now – the app download is free.

Acorns Investment Review – Robo Advising Features at a Glance

OverviewAutomated investment management robo-advisor that invests your “spare change” in a portfolio of exchange traded funds (ETFs).
Minimum Investment AmountThere is no minimum investment amount required. The app will automatically invest your Round Ups once the total reaches $5 or more.
Fee StructureUntil accounts reach $1 mil, charges are as follows:
$1 per month for Acorns Core.
$2 per month for Acorns Core + Acorns Later.
$3 per month for Acorns Core + Acorns Later + Acorns Spend.
As of August 2019, Acorns has “up and coming” pricing for accounts valued over $1 mil.
Top FeaturesApp allows you to save and invest money while you spend on everyday expenses; “Found money” partners, such as Lyft and Walmart, automatically add to your account.
Free ServicesStudents with a .edu email address can use Acorns Core for free, for up to four years.
Contact & Investing AdviceAvailable by on-site email or by phone, 6:00 AM – 5:00 PM PST, Monday through Friday.
Investment FundsLow-cost, commission-free ETFs from Vanguard, Blackrock + iShares.
Accounts AvailableTaxable brokerage accounts, IRAs, and a checking account with attached debit card.
Visit Acorns NowAcorns Website

What Differentiates Acorns Robo Investing From Competitors

Acorns has many of the same investment qualities that other robo-advisors have. But where Acorns differs from other robo-advisor investment apps is in how the money goes into your investment account. As a robo-advisor platform, Acorns provides you with completely passive investing. At the same time, the Round-Up feature (see below) of the app enables you to passively save money, as well.

Acorns isn’t the only app that allows you to invest spare change. But unlike similar spare change apps, Acorns gives you the ability to link an unlimited number of debit and credit cards-including an Acorns debit card, if you choose their Acorns Spend account. That means that you can have change moving into your investment account from multiple sources, accelerating the savings process.

Bonus; 5 Free Robo-Advisors – Best Way to Manage Your Money

The Acorns app is also completely free for college students with a valid .edu email address. Students will have up to four years from the date of registration to use the app for free.

Who Benefits from the Acorns Financial Advisor Robo? – Is Acorns Worth It for Me?

Acorns can be the perfect investment platform for the new investor and the person who has been unable to save money in the past. The automatic savings feature makes saving money effortless. All you have to do is go about your normal spending routines, and money will automatically find its way into your investment account.

It’s also perfect for college students, as a way to get themselves into the habit of saving and investing money early. The kickstart they get from the platform can set them up for a lifetime of saving and investing money. To top it off, students get four years with no account management fees when they register with an .edu email address.

Click to start building wealth now:

Acorns App Review Drill Down

Acorns Round-Ups

Here’s how Acorns round-ups works. If you purchase an item for $3.27, the app rounds the purchase up to $4.00 even, then moves $.73 into your designated checking account. This is a process that is referred to as Round-Ups.

Each time a Round-Up reaches or exceeds $5, the money is transferred into your investment account. (Savings accounts should not be used for this purpose, since federal law prohibits more than six outgoing transfers per month and you’ll likely exceed that limit.)

Is Acorns worth it if you’re only investing spare change?

The answer depends.

Since you likely make dozens of purchases in the course of a month, the amount that is actually transferred into your investment account can be substantial. For example, 100 purchases with an average of $.50 in change can amount to $50 going into your investment account for that month.

You can also add “multipliers” to your Round-Ups to increase the amount of money that’s flowing into your investment account. Let’s say you make a purchase for $2.50. The default Round-Up allocation will transfer $.50 to your investments. However, with a 2x multiplier enabled, that investment becomes $1.00. Investors looking to really rev up their passive investments can even add a 10x multiplier to their Round-Ups!

Acorns Found Money

Acorns has several business partners who will contribute additional cash back to your investment account. That’s in addition to your normal Round-Ups. This can quickly up your savings and investment contributions.

Partners include Walmart, Lyft, Groupon, Blue Apron, AirBNB, Dollar Shave Club and Direct TV, among others. You can determine exactly who the current business partners are once you sign up for the app, but note that on occasion the partners change.

Acorns spend visa_mobile

Acorns Spend

Acorns Spend is a unique feature that includes checking, a debit card, and investing account all rolled into one. Acorns Spend is akin to a complete money managementp portal and includes these features:

  • A checking account with a debit card that saves and invests for you.
  • Free bank transfers, no overdraft or minimum balance fees and free ATM reimburseements.
  • Spend strategies and tips.
  • Checking account FDIC protection (Federal Deposit Insurance Corporation)
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