Account minimum
| $0 to open account; $5 required to start investing |
Account management fee
| $1 a month for taxable investment account
$2 a month for IRA account and investment account
$3 a month for checking account plus investment and retirement accounts |
Investment expense ratios
| Exchange-traded fund expense ratios range from 0.03% to 0.18% |
Account fees (annual, transfer, closing)
| $50 per ETF to have your ETFs transferred to another broker when you close your Acorns account; no charge to sell your investments and have your money transferred |
Portfolio mix
| Five portfolio types that weight 7 ETFs based on risk tolerance |
Accounts supported
| Individual non-retirement accounts
Roth and traditional IRAs
Online checking account with debit card |
Tax strategy
| Not available |
Automatic rebalancing
| Free on all accounts |
Human advisor option
| Not available |
Tools
| The app's Potential tool lets you adjust the dollar amount invested to see how your total investments will grow over time |
Bank account/cash management account
| The Acorns Spend account comes with a debit card, and mobile check deposit and check sending, but no interest is paid on the account |
Customer support options (includes website transparency)
| 24-hour phone and chat support; response time is up to 48 hours, but a lot of information easily available on website |
Promotion | None |