Get a $5 bonus when you sign up for your first goal
Offer valid for new Twine users and limited to one bonus per user. Bonus funds will be deposited into your account 7 days after your account has a positive balance for 14 days.
finder.com’s rating: 4.6 / 5.0
Developed by John Hancock, Twine offers savings and investment options to help you and your partner tailor your strategy for short and long term goals. But it doesn’t offer cash deposits and can take up to three days to access your money.
Minimum deposit to open
The Twine savings account offers strong features with virtually no fees, but there are still a few things to look out for:
Once you’re ready to invest, Twine uses robo-advising to diversify your money in a mix of ETFs. Its dashboard allows you to easily manage your money, which is protected by FDIC and SIPC. Other benefits include:
While Twine is a unique platform that encourages couples to work together, it does have a few drawbacks:
The service doesn’t charge many fees, but there are still a few you should look out for:
|Type of fee||Savings account||Investment account|
|Other||Wire transfers, paper statements, insufficient funds (varies)||ETF fees (varies)|
There’s only one way to fund your Twine account, and that’s by linking your bank account, which is required during the application process.
To open either type of account, you’ll need to meet a few eligibility requirements:
Whether you apply online or on the app, you’ll be asked for the following information:
You can contact Twine customer service using:
Now that your account is open, here’s how you can get the most out of it:
Unlike other robo-advisors, couples can organize their money according to joint short and long term financial goals. Plus, you can create individual goals and fund them manually or with recurring deposits.
However, you can’t open a retirement account and investing is done solely online. Compare your options to find the robo-advisor that meets your needs.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
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