Acorns Review | Pros & Cons Full Review 2023-24

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Acorns is a new platform that takes the concept of easy investing one step further with its automated, spare change-based investment services. The app offers straightforward pricing and features to help you manage your money more easily than ever before! 

If comfort in knowing what’s happening under the hood sounds good for you, then read our Acorns review now to find out if this service might work well as part of your portfolio strategy.

Acorns is a great way to earn money and get discounts on your favorite things. With over 350 retailers participating, there’s no shortage of opportunities for cashback with Acorn’s offers!

Acorns Review |Find how Acorns Work

Acorns Review Pros And Cons


  • Investing and saving are made easy with automatic tools
  • Personalized portfolio suggestions based on your risk profile
  • You invest a percentage of the money you purchase from certain companies with “found money.”


  • For smaller accounts, the flat monthly fee is on the high side
  • Investments cannot be chosen individually

What is Acorns?

Acorns is a micro-savings app that rounds up your spending to the nearest dollar and invests it for you. Allowing users to link credit cards, checking accounts as well as enable automatic savings via PayPal or other methods of payment convenience-wise!

Acorn’s mission statement: “To help families save more money.” Acorn’s goal was always about helping families have resources available when they need them most – whether this means an emergency fund or simple repairs around their home like fixing roofs before storms damage homes even further.

The app is a great starting point for those who haven’t invested yet or need some guidance in the beginning. Read Acorns Review

Invest in Acorns

Is Acorns legit?

Overall, Acorns is a safe and secure app that helps you invest in your future. It uses some of the highest security and encryption methods to keep your data safe.

Although nothing is 100% infallible, Acorns takes a lot of steps to protect your account and your personal information.

How Does Acorns Work?

Acorns is a micro-savings app that not only invests your spare change but also offers other services like setting up checking accounts and custodial investment accounts for children. The company’s latest addition of web-based versions means it can be used on both desktop computers as well as portable devices, making it easy to access even when off the grid or traveling abroad with just an internet connection!

Acorns is a revolutionary way to invest your money. It rounds up every purchase you make and invests the difference, making it easier than ever before for people of all ages (especially millennials) who are looking for an automatic investment plan without having to do any work themselves!

If you’ve never invested before and want to get started, Acorns is a great place for beginners. You can even make money by investing through them!

How to sign up with Acorns

Acorns is a great way to get started investing without having too much risk. It only takes about five minutes for you to set up an account and create your password!

In the first step of the signup process, you enter a PIN access code, which will be used to log in to the app in the future. Acorns accounts can only be created by U.S. citizens.

Next, you’ll be able to link your bank account with Acorns. Most banks will require that you provide only login credentials for this process, and it’s as simple as inputting them into the app!

As a next step, Acorns will ask you about your income and goals. You’ll also have the opportunity to choose how much of the cash in your account should be invested as well as an option between three different risk profiles: conservative (low), moderate or aggressive; we recommend sticking with what works best for you!

Types of accounts

Your main roundup account is the one you will monitor; choose which transactions to invest in and change. Choose from popular banks such as Chase, Bank of America, or Citibank for an easy way to make your money work harder!

You can set up more than one account in Acorns if you like.

Acorns Pricing

Checking Account

Your checking account is different from your Roundup account (this was confusing to me at first, too), and it’s the one where you’re going to transfer money into Acorns. Connect an existing bank with online credentials or input numbers manually if need be on another institution’s site Chase Bank USA – whichever routes work best for you!

How much do Acorns cost to invest?

Acorns charges a monthly fee ranging from $1 to $5. Acorns Invest is available with the basic Lite account. Invest, Later, and Spend, Acorns’ checking account, are available for $3 a month with an Acorns Personal subscription. 

For $5 a month, you become an Acorns Family member, which gives you access to Invest, Later, Spend, and Early, Acorn’s investment account for kids.

What is Acorns Later?

The Acorns Later service provides investors with access to Acorns’s innovative investing platform. With just three taps on your phone, you can open an IRA in minutes and get started saving! Not only does it have low fees compared with other investment options out there, but it also allows users of all financial levels by giving them access at any moment they want to what kind of account would be best suited to their needs.

There is only a two-dollar difference between Acorns Later and Acorns Invest for most users. Acorns Later cost $3 per month.


Acorns are for investors who want a hands-off investing experience, with Acorn’s app handling all the hard work from start to finish. With found money and roundups in addition to recurring investments, you can set more than just cash aside each month without needing an active brain cell!

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