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finder.com’s rating: 3.6 / 5.0
★★★★★
The Acorns Spend account comes with a tungsten metal debit card that lets you invest spare change from purchases in real-time and earn up to 10% in bonus investments when you shop at select retailers. But it costs $3 to $5 a month and lacks a separate interest rate for savings.
From $1 per month
Fee
$0
Minimum deposit to open
APY | N/A |
---|---|
Fee | From $1 per month |
Minimum deposit to open | $0 |
ATMs | Over 55,000 fee-free ATMs nationwide and around the world |
ATM transaction fee | $0 |
Out-of-network ATM fee | $0 |
Foreign transaction fee | 0% |
Overdraft fee | $0 |
Review by
Cassidy Horton is a writer for Finder, specializing in banking and kids’ debit cards. She’s been featured on Legal Zoom, MSN, and Consolidated Credit and has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. When not writing, you can find her exploring the Pacific Northwest and watching endless reruns of The Office.
The Acorns Spend account is best for anyone who needs a new checking account and is thinking about investing with Acorns. You get access to three different accounts when you sign up: one for investing, one for retirement and one for checking. All three accounts sync together to let you make transfers seamlessly, invest spare change from debit card purchases and earn extra investment money when you shop with select retailers.
But for a company that’s marketing itself as an all-in-one money management solution, we’re surprised to see there’s no savings component. If you want to keep some money in a high-yield savings account for emergencies or short-term purchases, you still need to open a savings account with a separate institution.
If you went with an investment platform with a true cash management account, you’d get extra FDIC insurance beyond the $250,000 limit and a separate interest rate for savings, among other perks.
Follow these steps to open your Acorns Spend account, which automatically includes an Acorns Invest and Acorns Later account for no additional charge.
You’ll get your Acorns debit card in the mail within 10 business days of account approval.
You’re eligible for an Acorns Spend account if you meet these criteria.
Have this information ready when you apply for Acorns Spend account.
You need to be part of the Personal or Family plan to get the Acorns Spend account. This table highlights how much it costs.
Plan | Monthly cost | Features |
---|---|---|
Lite | $1 |
|
Personal | $3 | Everything in the Lite plan, plus:
|
Family | $5 | Everything in the Personal plan, plus:
|
The Acorns Spend account is FDIC insured through Lincoln Savings Bank. It comes with a robust digital app that notifies you each time you make a purchase with your card, so you always know how much you’ve spent. You’ll also enjoy these perks.
The Acorns Spend account has these drawbacks.
If you’re not in the market for an investment and retirement account, consider these checking account options.
You’ll get an Acorns Visa debit card that gives you free access to over 55,000 ATMs around the globe. Acorns won’t charge a fee if you use an ATM outside of this network, but you may be subject to charges by the operator.
Use this table to see how this Acorns checking account compares to similar accounts. Sort the table by APY, ATMs, fees and more to find the right one for you.
There are five ways to access money in your Acorns checking account.
There are two ways to contact Acorns customer service.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.