Acorns Review

Acorns Review [Is Acorns Legit? Is The Investing App Worth It? 2022]

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Acorns Review 

Most of us don’t give our spare change a second thought. It often ends up in our laundry, under our sofa cushions, or beneath the seats of our cars, far out of reach and forgotten.

In fact, it is estimated that Americans straight up throw away over $60 million worth of coins each year. It doesn’t have to be that way, however.

Instead of just letting those nickels and dimes go to waste, you can now invest them and put them to work for you earning a return.

Thanks to apps like Acorns, that spare change can be yet another modest yet effective way to build wealth out of a resource – your spare change – that you’ve probably just taken for granted your entire life.

Let’s take a close look at Acorns, so you can determine if this app would be a good fit for your personal financial strategy. 

Onto our Acorns review!

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Acorns Investing

What is Acorns?

Acorns is a financial services company that was founded in 2012 and is based in Irvine, California.

Acorns is best known for being a micro-investing platform that links to credit and debit cards and enables users to channel the nickels and dimes that would otherwise be change in a transaction into the platform’s exchange-traded fund (ETF) investments.

Acorns simply round off each purchase on a linked card to the nearest dollar and invest those funds into an investment account with a risk level of your choice.

While the micro-investing program is still what ACORNS is best known for, the platform has expanded its services in recent years, and now offers checking accounts, debit cards, and some advisory and educational services as well. 

Eligibility Requirements

Acorns’ services are open to United States residents who are at least 18 years of age. Acorns users must also have a valid social security number. You will need some sort of funding source, such as a checking account, to transfer the funds you earn in Acorns too. You will also need at least one “round-up” account, such as a debit or credit card, that the platform will link to in order to fund your investments. 

  • US resident
  • Valid social security number
  • 18 years of age
  • Bank account
  • Debit or credit card
Is Acorns Worth It?

How Does Acorns Work?

How does the Acorns app work? Acorns has great, simple to use desktop and mobile app interfaces, and it is really easy to get started investing on the platform.

You can create an Acorns account by signing up here. From there, you’ll create a login and then fill out all of the data on the site’s online forms.

You’ll need to link your Acorns account to a checking or savings account of some type in order to transfer funds back and forth.

Then, you’ll also need to link Acorns to one or more credit or debit cards, which will be your “round-up” account or accounts (more on that in a second). 

You’ll also have to determine the type of investor you are, which Acorns will help you with. You’ll get recommended to invest your funds into a choice of five different types of portfolios consisting of ETFs ranging from conservative to extremely aggressive in terms of risk.

Once you’re all set up, every time you make a purchase with one of your round-up credit or debit cards, Acorns will round up the purchase to the nearest dollar and transfer your change into your investment account.

So, if you spend $39.75 at your local grocery store and use your linked debit card, Acorns will automatically transfer 25 cents into your investment account. The platform has a great interface, so it is really easy to keep track of how much you’re investing, and how your account is performing. 

How much does Acorns cost? You need a minimum of $5 to open your Acorns account. The platform has three different pricing tiers, with a variety of services available at each one.

The basic service costs $1 per month and allows you to link an unlimited number of debit or credit cards to your Acorns account, along with access to exclusive financial information and content.

The $3 gives you all of the basic services, and adds in the Acorns metal debit card, checking account,  and financial advisory services as well, and for $5 each month you can add multiple family members to your Acorns plan.

  • Create your account
  • Link your checking or savings account
  • Link your debit or credit cards
  • Choose the type of investment portfolio you want to invest in
  • Shop like you normally do and use your Acorns linked card/s

Acorns Reviews & Complaints

Acorns only have a total of 8 reviews on Trustpilot with an overall rating of 2.5; this is considered a poor rating on Trustpilot, but with so few reviews this is not really a mature profile at this point. Acorns is not accredited with the Better Business Bureau but carry a “B” rating with the BBB. 

Acorns Customer Service

Acorns Pros & Cons

Here are some of the key pros and cons for Acorns you should consider: 


  • Ease of Use. It is really simple to set up an account on Acorns and automate your investing strategy, and the interface is really user-friendly and informative.
  • Puts Lost Resources to Work. Most of us lose or otherwise don’t pay much attention to the spare change that is generated in our financial transaction; the Acorns platform allows users to invest them. 
  • Low Starting Balance. You can start an account on Acorns with only $5. 


  • Cost. The pricing on Acorns is high relative to many of its competitors. 
  • Limited Human Support. You do not get any personal financial advisory support on the standard tier pricing plan of $1.  

Acorns Alternatives

There are other innovative financial platform offering services comparable to Acorns; these sites include: 

All of these platforms offer you the opportunity to invest small amounts of your money and manage your accounts through a simple online interface, so check them out to see if they would work for you 

Acorns Review: Parting Thoughts

The Acorns platform can help you invest the modest amounts of money left over from financial transactions – money you’d otherwise forget about or lose – into an investment account that can earn a healthy return.

While there are some drawbacks to the Acorns platform, the services they offer can get you started investing with a funding stream you already have and probably aren’t using.

So, check out Acorns, and see if it is a good choice for putting that spare change of yours back to work. 

Put Your Spare Change To Work With Acorns

Acorns helps you grow your money


Enjoy our Acorns review?

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