Wouldn’t it be great if a checking account gave you a $75 bonus just for opening up direct deposits?
What if that account also made it super easy to invest your money and grow your wealth?
That’s the idea behind Acorns Spend.
Acorns Spend is a checking account that’s linked to an investment account that automatically invests your “spare change.”
Acorns’ robo-investment app has grown hugely popular since it launched in 2014, so now it’s expanding into other services — like checking accounts and debit cards. Whenever you swipe your Acorns Spend debit card, it rounds up your purchases to the nearest dollar. Then it funnels that money into stocks and bonds for you.
Because the money comes out in increments of less than $1, you’re less likely to feel an impact in your bank account. (Although you can always turn off the digital “round-ups” for a while, if you’re in a pinch.)
Oh, and let’s not forget that $75. With Acorns, you start out with a free $5 bonus. With Acorns Spend, you’ll get a $75 bonus after you enable a direct deposit and receive your first two deposits in your Spend account.
Invest Your Spare Change With Acorns:
Acorns is a tool that allows you to save and invest your spare changes. The app rounds up your purchases up to the nearest dollar and puts the spare change into the stock market for you. Acorns can help you save without even thinking about it.
The company attracts millennials and those who are new to the investing world. If you don’t have a lot of money to save for retirement, Acorns is the best place to start.
After all, the company’s goal is to encourage people to start investing early no matter how little money they have. In sum, Acorns is worth it.
If you’re wondering whether Acorns is worth it, talk to a financial advisor who may guide you to the right direction.