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Acorns Spend account review

Use your Acorns debit card to invest spare change and earn bonus investments, but it costs $3 to $5 a month.’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.

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From $1 per month



Minimum deposit to open


FeeFrom $1 per month
Minimum deposit to open$0
ATMsOver 55,000 fee-free ATMs nationwide and around the world
ATM transaction fee$0
Out-of-network ATM fee$0
Foreign transaction fee0%
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.

Expert review

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.

How do I open an Acorns Spend account?

Follow these steps to open your Acorns Spend account, which automatically includes an Acorns Invest and Acorns Later account for no additional charge.

  1. Select Apply now.
  2. Select the Spending tab.
  3. Select Get Started.
  4. Enter your email address and password, read and agree to the terms and conditions and select Create account.
  5. Link to an existing bank account and select Next.
  6. Follow the prompts to complete your application and set up your account.

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.

  • At least 18 years old
  • US citizen or resident
  • US residential address
  • Valid Social Security number
  • Existing bank account

Required information

Have this information ready when you apply for Acorns Spend account.

  • Full name
  • Date of birth
  • Home address
  • Social Security number
  • Log in information for your external bank account

How much does it cost?

You need to be part of the Personal or Family plan to get the Acorns Spend account. This table highlights how much it costs.

PlanMonthly costFeatures
  • Investable roundups
  • Earn bonus investments
  • Access to knowledgebase
Personal$3Everything in the Lite plan, plus:

  • Retirement account
  • Spend checking account
Family$5Everything in the Personal plan, plus:

  • Investment account for kids
  • Retirement account
  • Family financial advice

What are the benefits of an Acorns Spend account?

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.

  • Minimal fees. There’s no minimum balance required to open an account. Plus, you’ll enjoy no overdraft fees or foreign transaction fees.
  • Smart deposits. Turn on this feature and Acorns will automatically set aside money from each paycheck as soon as it hits your account.
  • Debit card perks. Enjoy real-time round-ups to your investment account, plus up to 10% in bonus investments when you shop with select brands.
  • Seamless account management. Get a holistic view of your money and quickly transfer funds with all your investment, retirement and bank accounts in one mobile app.

What should I look out for?

The Acorns Spend account has these drawbacks.

  • Invest account required. You must have an active Acorns Invest account to open Acorns Spend account. If you don’t already have an investment account, you can open one at the same time you open your Spend account.
  • Unavoidable monthly fee. You’ll pay $1, $3 or $5 a month for Acorns, but this is a flat fee that covers your investment account, retirement account, checking account and potential kids’ accounts. Most traditional banks charge at least $5 for checking only, making Acorns relatively inexpensive.
  • Lacks certain features. Unlike most accounts offered by investment platforms, this one doesn’t come with a savings feature or the ability to earn interest.
  • No joint accounts. You can’t open an Acorns Spend account with a partner or family member.

If you’re not in the market for an investment and retirement account, consider these checking account options.

Acorns’s ATM network and fees

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.

Compare Acorns Spend account with other checking accounts

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.

Name Product APY Minimum deposit to open ATMs Out-of-network ATM fee
Aspiration Spend & Save Account
Finder Rating: 4.2 / 5: ★★★★★
Aspiration Spend & Save Account
5.00% on balances of $0 to $10,000
55,000+ free Allpoint ATMs worldwide
Deposits are fossil fuel-free and insured by the FDIC. Enjoy a spend and save combo account with unlimited cash back rewards and a $150 bonus when you spend $1,000 in your first 60 days.
NorthOne Business Banking
Finder Rating: 3.4 / 5: ★★★★★
NorthOne Business Banking
withdraw cash at any Cirrus branded ATM location (+1,000,000 locations accross the U.S + 2m worldwide), including MoneyPass ATMs

NorthOne Business Banking is an all-in-one solution for small business owners, startups and freelancers. It boasts unlimited free transactions, subaccounts, and robust bookkeeping integrations.
Citi Priority Checking
Citi Priority Checking
Over 72,000 fee-free ATMs in the U.S.
Secure online banking and access to cash with one of the largest networks of fee-free ATMs in the US. Earn up to $1,500 when you open an eligible account and complete required activities.
Finder Rating: 4.8 / 5: ★★★★★
1.20% on balances of $0 to $50,000
0.25% on balances of $50,000.01+
More than 85,000 ATMs nationwide
A free account for crypto and cash that earns a 1.2% bonus rate plus 5% cashback on purchases from participating retailers.
First Citizens Bank Free Checking
First Citizens Bank Free Checking
1,100+ First Citizens Bank ATMs
First Citizens Bank Free Checking stands out for its built-in finance tracking tool, Manage My Money. Available to residents in NC, SC, TN, AZ, CA, CO, FL, GA, KS, MD, MO, NM, OK, OR, TX, VA, WA, WV, and WI.

Compare up to 4 providers

How do I deposit or withdraw my money?

There are five ways to access money in your Acorns checking account.

  1. Direct deposit
  2. Check deposit in the mobile app
  3. Transfers to and from an external checking account
  4. ATM
  5. Cash back at a retailer

How to contact Acorns customer service?

There are two ways to contact Acorns customer service.

  • Email. Send a message to
  • Contact form. Fill out the contact form on its website.

Checking account ratings

★★★★★ — 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.

Read the full methodology of how we rate checking accounts.

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