Acorns

Read 53 published reviews for Acorns. See ratings, business responses, and signals available on GuardOpinion.

Website: acorns.com

Category: finance-insurance

City: Irvine

Country: US

Founded: 1996

Rating: 4.4/5Based on 53 Reviews

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Customer reviews for Acorns

  1. GhostShot420Rating: 4/5Verified

    Would recommend

    good experience mostly. UI could be cleaner but functionality is all there tbh

  2. StormLord_clipsRating: 5/5Verified

    my go-to for this now. tried 4 alternatives and keep coming back. something to be said for that.

  3. GhostWarrior_officialRating: 5/5Verified

    Absolutely love it

    10/10 would recommend to anyone. my whole team uses it now lol!

  4. DarkLegend_fxRating: 5/5Verified

    genuinely impressed, wasnt expecting much and got blown away. rare these days!

  5. DarkBomb_ggRating: 5/5

    Excellent!

    works great, no bugs, fast. what more do you want fr imo

  6. GhostHawkXxRating: 5/5

    Top tier

    the support team actually knows what theyre doing. had my issue resolved in one chat session. rare tbh

  7. ShadowHawk77Rating: 5/5Verified

    been using this for like 6 months now and cant complain. does what it says on the tin imo

  8. NeonMage_proRating: 5/5Verified

    Absolutely love it

    Definately worth it. Been recommending it to everyone i know!

  9. xXHawkXXRating: 2/5Verified

    Support took 5 days to reply and then just closed my ticket without fixing anything. joke of a company imo

  10. VoidGlitch_officialRating: 5/5

    Todo perfecto, el soporte respondió rápido y me solucionaron el problema en el día imo

About Acorns: Reviews

Pros

  • Automatic roundup investing makes saving effortless
  • User-friendly mobile app suitable for beginners
  • Offers diversified portfolios and educational content

Cons

  • Subscription fees may add up for small investors
  • Investment options limited to ETFs only
  • Some users report slow transfer and funding issues

Business Description

**What is Acorns?** Acorns is a financial services company founded in 2012, headquartered in Irvine, California. It provides a micro-investing platform designed to assist individuals and families in managing their finances by automatically saving and investing spare change. The target audience consists primarily of consumers looking for simplified, low-barrier ways to start investing and growing their money. Acorns focuses on making investing accessible to users who may be new to financial planning. **How does it work?** Acorns operates by linking to users’ everyday spending accounts, such as debit or credit cards, and rounding up each transaction to the nearest dollar. The rounded-up spare change is then automatically invested into diversified portfolios chosen based on users’ financial goals and risk tolerance. The app also offers features like recurring investments, retirement accounts, and educational content to help users make informed decisions. Technically, it combines mobile app convenience with automated portfolio management algorithms to facilitate continuous micro-investing. **Products and services** Acorns offers micro-investing accounts that automatically invest users’ spare change from purchases into ETFs. It provides additional offerings including retirement accounts (IRA), checking accounts with debit cards, and a Found Money cashback program where partner brands invest into user accounts when users shop with them. The platform’s services are accessible via mobile app and website, providing account management, portfolio tracking, and educational resources. Its revenue model involves subscription fees from users opting for premium services alongside asset management fees.

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Recency · Recent reviews carry more weight than older ones, reflecting the current customer experience.

Verified reviews · Reviews with stronger experience signals may carry more weight in the GuardScore.

Volume · More reviews can make the score more stable, but it remains an informational signal.

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financial-planningmicro-investinginvestment-accountsretirement-accountsautomated-investingsavings-appmobile-app

Business activity: Acorns

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Frequently Asked Questions about Acorns

Is Acorns a safe way to invest my money?

A lot of users seem to think Acorns is generally safe for long-term investing, but some have raised concerns about their experiences with customer service and account issues. It's not labeled as a scam; it just may not be perfect for everyone.

What should I do if I have trouble withdrawing my funds from Acorns?

Some people have complained about issues when trying to access their funds, which can be frustrating. If you run into this, reaching out to customer service is usually the way to go, even if responses can be slow.

Why are people saying that Acorns is a scam?

Some users claim Acorns charges high fees for poorly investing their money, which can make it feel like a scam to them. However, others counter that it maintains the same certifications as bigger companies, so it’s more about personal experience.

What are the account issues users face with Acorns?

There have been complaints about a range of account issues, from logging in problems to account restrictions. These can be super frustrating, so keeping track of your account status and contacting support promptly is often recommended.

Does Acorns have good customer service?

Based on user reviews, customer service seems to be hit or miss. Some users are satisfied with their support experiences, while others feel it's lacking and takes too long to get help.

Can I expect quick returns on my investments with Acorns?

Most people say that Acorns is not about quick returns, as the platform is designed for long-term investing. It’s a way to grow your money gradually, so if you’re looking for a fast payout, this might not be the best fit.