Acorns is a new way to invest your spare change from everyday purchases into a diversified portfolio. Acorns is a micro-investing website that allows you to “round up” your spare change from everyday purchases and invest it into stocks. Acorns make money by taking a small percentage of Acorns interest on its client investments.
To earn a $5 bonus, sign up through this $5 Acorns Referral Bonus Link and make your first investment of any amount.
There is no minimum amount required to open an Acorns account, and you will never be charged a fee for an account with a $0 balance, but there is two Acorns plans, a $3 per month fee for Acorns Personal or a $5 per month fee for Acorns Family.
What is Acorns?
Acorns is a Robo-advising, micro-investing platform that saves and invests for you. Right now, more than 9 million people are using the Acorns app, over 2 million of which are active monthly users.
Acorns is a fintech company that is best known as a micro-investing platform that allows users to set up automated investments into a portfolio through Round-Ups: Acorns rounds up a debit or credit card purchase made on a linked card to the nearest dollar and invests the change on behalf of the member.
Acorns is seen as a very beginner-friendly service that helps clients begin their investing journey early on with easy-to-understand portfolios and low minimums. The company’s growth strategy is focused on young professionals who gamble regularly or have relatively small amounts of money invested compared to the total portfolio size.
How does Acorns work?
Acorn’s goal is to make investing easy and accessible to everyone, which is why Acorns don’t require any minimum amounts to invest or high fees. Acorns charges a fee of .275% per year for trades, which means that if you invest 1000 dollars on acorns with their average 4% annual return, Acorns fee will only be $27.50. acorns have acorns review, and acorn sign up bonus as part of its acorns scam or acorns legit to help their customers learn more about acorns and whether acorn is the right investment platform for them. Acorns screens each company it invests in, which means that your money isn’t exposed to risky companies like oil and gas producers, defense contractors, etc.
Acorns $10 Sign Up Bonus Step by Step Process
Once you download the Acorns app or sign up through a web app, Before you go for sign up process, you’ll need:
A valid email address, Your online banking log in information, Your Bank details, Your valid address, Your Social Security Number, and General Profile Information like your financial goals, occupation, and earnings.
Here is the sign up process:
- Click to sign up for Acorns and earn a free $5 as a sign-up bonus (It’s also worth noting that I also get $5).
- By clicking “Start Investing Today,” you’ll be redirected to create an account, starting with your email and password.
- Now, you’ll have to enter your personal details since this is a process of brokerage account.
- Once you fill in the details, it’s time to connect your bank account. Click on “Connect your bank” and search for your bank.
- Now, choose your investment profile. Currently, Acorns has 5 options: Conservative, Moderately Conservative, Moderate, Moderately Aggressive, and Aggressive.
After signing up, you may also need to upload a photo of your government-issued ID or other documentation that helps us verify your identity.
That’s it! Most accounts are approved within one business day. However, it may take up to 5 business days.
Acorns – Invite Friends, Get and Give $5
Once you become a new Acorns subscriber and set up an Acorns Invest account, you can now send your personal invitation code or referral link to your family or friends. When they sign up via your referral or invitation code, you will receive $5 investment by Acorns in your Acorns Invest account.
Rewards will be credited when the person you refer is fully approved for their new Acorns account and successfully completes their first investment.
This referral program is unlimited so that you can earn unlimited.
WeBull offering Free Stocks Worth Upto $3,500
Webull offers a commission-free brokerage account app that lets you trade stocks for free with no minimum balance requirements or fees to open or maintain an account. Open a Webull trading account, and you’ll get up to 5 free stocks (valued $3-$3500) and $5 worth of free crypto!