Acorns Promotion
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Acorns Promotion Explained
Usually, the Acorns sign up bonus is $5, and it is activated with a deposit of the same size. Acorns is
currently running a
bonus that credits your account with $20, with the same $5 deposit requirement.
The Acorns bonus may not sound very large (even at the $20 level), but for an investment service that
focuses on building long-term savings with small, incremental deposits, the bonus certainly helps
kickstart the process.
How to Sign Up for the Acorns Promotion
Signing up for the Acorns promotion is very easy. All that is required is to use the link and follow the prompts.
The first step is to
open an account with Acorns. The broker collects your identity-related information, such as your name, address, and SSN.
After providing your details, you’ll be asked the verify your phone number. Internet-based phone
numbers, such as Skype, will not work with Acorn’s verification processes. Fortunately, email verification is also an option for those without access to a U.S. phone number.
The final step is to create a link between the Acorns account and your bank. The simplest way to create a relationship between your bank and the Acorns app is to use ACH.
Once your account is set up, you must deposit at least $5 to activate the bonus.
Acorns Promo Code
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Acorns Promotion Benefits
The most obvious benefit of taking advantage of the Acorn welcome bonus is that you get free money without having to make a large deposit. Depositing $5 to get a $20 bonus is pretty nice.
By signing up and taking advantage of the bonus, you also get access to all of the Acorns features.
Acorns Fees
Acorns charges a flat fee for its services instead of using a per-trade approach. The fee you pay depends on the level of service you subscribe to.
There are three subscription levels: Acorns Personal, Personal Plus, and Premium. The monthly subscription fees range from $3-$9.
Whether the fees for Acorns subscriptions are considered high depends on your account size and the value you place on Acorns benefits.
Acorns App Benefits
Acorn’s Round-Ups: The Acorns Round-Ups feature allows investors to round each of their purchases up to the nearest dollar, with the difference automatically going to the Acorns portfolio.
A range of investment portfolios: Acorns has nine managed portfolios that investors can choose between. Each is designed with different goals and risk parameters in mind.
A range of account types: Apart from the regular investing account, investors also have access to retirement, custodial, and banking accounts.
Ease of use: Acorns is built to be an easy-to-use, hands-off tool for long-term investors. As a result, it is very easy to use and understand the platform.
Acorns Promotion Terms & Conditions
As with all brokerage promotions, there are a few conditions that investors should be aware of.
Here are the highlights:
- The bonus is for customers new to Acorns.
- Accounts must be in good standing.
- The bonus is only available to U.S. residents at least 18 years old.
- A recurring investment of at least $5 should be established within the first week of the month following the month the account was created.
Pros and Cons of Using Acorns
Pros include a simple interface, automated investing, managed portfolios, choice of risk profile, multiple account types, reinvested dividends, and the welcome bonus.
Cons include the monthly service fee (debatable) and no option to take control of your portfolio.
Acorns Promotion Summary
Acorns is an app-based investment service that allows users to create diversified portfolios with spare change from their everyday spending habits.
The app offers multiple investment account types, banking options, automated investing, and recurring deposits for a low monthly subscription fee.
If Acorns sounds like an attractive investment tool, you can earn a welcome bonus for signing up and making your first deposit.
Overall, Acorns is an excellent app for those looking for an easy way to invest in their future. The app allows investors to access many advanced investment strategies without having to know much about investing at all. Add in the welcome bonus, and Acorns is certainly worth your consideration.
Updated on 3/1/2025.
I work in investment analytics and have been investing in the market since I was in high school. I enjoy anything that involves lots of strategy (i.e. a good game of chess), which is why I was naturally drawn to investing and researching companies. Outside of investing, I’m a big fan of the outdoors. In summer, you’re most likely to find me kayaking, camping, and hiking in the mountains.
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