Acorns Reviews - What Is It?

WARNING: DO NOT USE Acorns Until You Read This Review!
Is it a Scam? Does It Really Work?


The idea of opening and operating an investment can be difficult and intimidating to complete, but it can be significantly simplified with a simple investing smartphone app. If you are interested then you need to learn more about Acorns App. This smartphone app is designed to help you start investing your small change, but it does not mean that you won't grow wealth. The app was founded in 2012 by Jeff and Walter Cruttenden, a father and son who made the program completely automated. The system works pretty cool. In fact, they take spare change from the purchases you do every day and make investments with it.

To make the app work, you will need to link your credit or debit card and bank accounts that you use every day to the Acorns app. Then you make purchases as usual. The app will round up your purchases to the nearest dollar and use the spare change for investment. For instance, let's say you buy groceries for $5.60. Acorns rounds up your purchase to $6.00 and invests the extra $0.60 into an exchange-traded fund. In this way, you're investing your spare change automatically without even noticing that. It happens every time you swipe your credit or debit card. You can make unlimited deposits and unlimited withdrawals any time you wish.

Customer Reviews - Does Acorns Really Work?

You probably understand how the Acorns app works but how can you grow your money with this program? In addition to the automated investing, you can set up a repetitive monthly, weekly or daily investment. Nothing can be easier. You can also increase your account with $5 or $50,000 at any time. But that's not all. There is function "refer-a-friend." It means that you can refer others to start using the app to invest money. This will contribute to the faster growth of your account. If you feel like doing this, you are advised to check out recommendations provided on the official website of the company (

The first thing you will need to do is to sign up. In fact, there are two options for you to choose from in order to join Acorns. You can visit their site and click on the sign up button. You will see a registration page where you will be able to sign up. Or you can use the app to get on Google play. Finally, you can download it from the app store. By the way, you can get paid for downloading apps (for instance, at Remember that when you are setting up an investment account, you will part with your personal information. Acorns can be joined absolutely free by college students. It can be used for the next four years. If you are not a college student, you will need to pay for joining Acorns. There is a $1.00 monthly fee for balances below $5,000 and 0.25% per year for account balances of $5,000 or more. As you can see, it is less than what a brokerage firm or bank might cost you.

Most customers of the program are highly satisfied with the Acorns app. People report that it is convenient and easy to use. It is not expensive when compared to other investment programs in a bank, for example. The customers seem to be satisfied with the customer service. You can get help any time of the day. The staff is friendly and helpful. Acorns app is undoubtedly legitimate. It is a win-win activity, especially if you are new to investing. The positive thing about it is that it is connected to your spending money every day. I mean that if you're spending money, you will also save a small amount from it. However, there are a few concerns concerning the Acorns app. The problem occurs when it comes to sharing personal information. Not all people want to do this, but it is important. Still, many customers consider it to be a safe way to grow your wealth. They share their experience online. Let's take a look at the opinions of people who have used the Acorns app in their real life.

"I have been using Acorns app for about four months already and I am very happy with this program. I round up 5 CC and invest $50 each week. Initially, I started using the app to teach my children about money, but I found out that investing has become a great activity for me. The ROI is 2.36% at present. Together with my kids we check it on the way to school and in the evening. I show them the markets and the projections where we have invested our money. I highly appreciate this program and would recommend it to other parents too. Thanks so much."

"I have been using Acorns app for about half a year already. I have had a good experience with it; however, I invest only small amounts of money because I am in grad school yet. But I am glad that I can have more money. My bonus has been increased to 10 bucks within the last month. I am going to invest more money as I grow. I am also happy that my parents do not restrict me to use this app. It is better than just sitting at home playing computer games."

"Acorns app is a great concept for saving the spare change. Now I know that small amounts of money may grow big. All I do is allow it to grow. The application can be downloaded directly to your smartphone. It has been in business for several years already. A lot of people have been satisfied with this reputable program. Thank you for such a great opportunity to earn money."

My Final Summary

The Acorns app was started in 2012. It has gained great popularity in the country. The program is available for android and iphones. It has a number of advantages. First, it is easy and convenient to use. You don't have to go into a bank or a brokerage firm to start the investment process. By the way, those options are not only intimidating but also much more costly. In addition, Acorns app allows making small investments, which makes it very easy to get started. It can be even used by schoolchildren and college students. The next advantage of the app is that it is completely automated, thus, you will save a lot of your time. You can forget about loose change around the house.

Acorns' portfolio options are made with different risk levels for you to choose the most suitable ones. The program really makes saving and investing easy and convenient. You won't feel any burden of having to save money on your own. It is extremely easy to use even for children and a great way to start saving. There are few complaints and concerns associated with the app. The main concern is the young age of the app; nevertheless, many people are enjoying it and trust it completely. There have been some complaints of people being unable to sign up as they kept getting a "must not be blank" message. It is stated on the official website that the app works with your bank account to get funds to invest. Several users have reported inability to join, because their bank was not on the list. Taking into account all pros and cons of the Acorns app, I can recommend it to usage.

Acorns Pricing and Rates

As it was already mentioned you can download the Acorns app for free if you are a college student. Other people need to pay a small amount of money to do this. There is a $1.00 monthly fee for a balance that is below $5,000 and 0.25% per year for a balance that exceeds $5,000.