r/acorns

Why do deposits take so long before they process? I have different deposits pending from different weeks.

TLDR the fees and auto invest isn’t worth the subscription, wanted to know if this is how others withdraw.

here is my strategy.

i am opening a fidelity rollover IRA account and going to tell acorns to close my later account and transfer it to this rollover IRA and begin doing my monthly investment with them fee/subscription free.

second. debating closing out my invest account and transfer funds to my fidelity invest account OR downgrade to the $1 a month subscription. tax implications aren’t crazy i’ve only had this account about a year.

i’d rather be done with acorns and consolidate it all in fidelity tbh

Acorns is possibly the worst company I have ever done business with. Their customer support is incredibly poor, with agents who seem unknowledgeable and simply read from a script. It is often very difficult to reach the correct department, as they frequently refuse to connect you with someone who can provide proper assistance. Additionally, their fraud protection is atrocious; when your account gets hacked—and it will—they will not stand by you and will instead place the blame on you. Don't make the mistake I did—I lost thousands.

I have been using acorns consistently for a little over two years. I didn’t really start making significant deposits until a year ago.

The first week of 2025, I saw that my all time gains had reached $1,000. I was so thrilled. $1,000 that I gained just by leaving my money in the market.

Since then I’ve been a little more conservative with investing due to cash pressures. I even withdrew almost all of my “Now” account after I put too much down on a car. I’ve put more than $3k into my “Later” account this year

And now…suddenly…I checked just now and my all time gains are almost $2,000.

It took almost a year of heavy contributions to reach $1k in market gains. But then the second thousand showed up within 4 months even without a lot of new contributions on my part.

I still have about $4,000 left to contribute to my Later account this year. I’m really hopeful that the thousands in market gains will just keep on coming faster and faster. The first thousand took so long. The second thousand took 4 months. Maybe if I start contributing more, then the next thousand will show up in 3 months and then another thousand two months after that

The point is, the returns really accelerate. They say that the first $10k is the hardest and then after that you have a much easier time hitting $20k. I’m starting to really see that in my portfolio. Should definitely be able to hit $20k in my Later account by Christmas.

Hi,

I am trying to invest and start saving money for either short term or long term.

What is the difference between these two?

My card expires in the next few months, do they send you a new tungsten card or a cheap plastic one?

Can someone smarter than me explain why customer support keeps telling me this when I asked if there were any promos to get the gold fee waived with DD since I missed it by a month last year.

TL:DR I keep getting told there is a promo but it is being removed on 3/11.

First response

Thank you for contacting Acorns Support regarding your Gold Fee Waived with
qualifying Direct Deposits!

Kindly be informed that customers who set up a direct deposit of at least $250 per calendar month within 45 days of signing up for the Might Oak Card will receive a subscription waiver for as long as they have their direct deposit set up and meet eligibility requirements.

To continue receiving a fee waiver, you must have at least $250 in direct deposits per month in your Acorns Checking account. This can also be broken down into two $125 biweekly direct deposit payments.

Please note the following:

-This waiver will be applied to either the $6 or $12 plans as long as you have an active direct deposit set up.
-If you stop the direct deposit, the waiver will be removed.
-If you set it up again in the future, the waiver will be reapplied.
-If you set up direct deposit using the app, then the fee waiver will automatically be applied once the deposit is deemed a success.
-If you set up direct deposit through your employer payroll provider (ADP, Dayforce, Quickbooks, Paylocity, etc.) then the fee waiver will automatically be applied once the direct deposit hits the Acorns Checking account (it may take 1-2 pay cycles for the direct deposit to hit the customer's Checking account).
-If you are self-employed, you are still eligible for the waiver! Simply set up direct deposit through the payroll provider you use.

See complete terms and conditions at http://acorns.com/mighty-oak-terms-and-conditions/"
Please don’t hesitate to reach out if you have any further questions or concerns.

Have a wonderful day! Grow Your Oak

2nd Response when I asked for clarification as the T&C stated this ended in 2025.

“Thank you for responding to Acorns Support!

Kindly be informed, On 3/11, we will be removing the benefit of waiving the subscription fee waiver for new customers using the Mighty Oaks Card.

Currently, customers who set up a direct deposit of $250 or more per calendar month into their Acorns Checking account can receive a subscription fee waiver as long as they have direct deposit set up. Starting 3/11, customers will no longer be able to get the fee waiver and will still be billed for their Acorns subscription even if they set up a direct deposit of $250 or more to their Acorns Checking account.

Those who currently have the subscription fee waived will continue to get their subscription fee waived. This change only applies to new customers who sign up and use the Mighty Oaks Card after 3/11.
Please let us know if there is anything else we can do for you.

Have a wonderful day! Grow Your Oak🌳”

3rd Response when I asked for clarification again and stated 3/11 was in the past.

Thank you for responding to Acorns Support!

Kindly be informed, On 3/11, we will be removing the benefit of waiving the subscription fee waiver for new customers using the Mighty Oaks Card.
Those who currently have the subscription fee waived will continue to get their subscription fee waived. This change only applies to new customers who sign up and use the Mighty Oaks Card after 3/11.

Please let us know if there is anything else we can do for you.

Have a wonderful day! Grow Your Oak?