The lowest tier subscription fee on the Acorns investment platform, called Acorns Lite, will be increasing from $1 to $3 on September 21. They do have an opt-in option to keep your $1 fee “if you are experiencing economic hardship.”
Thank you for choosing Acorns to help you save and invest every day. To continue growing our technology, business, and team for you, our $1 subscription fee tier, Acorns Lite, will no longer be available as of September 21. At that time, you will be automatically upgraded to Acorns Personal, and your subscription fee will be $3 per month, billed on your regular billing date.
You do not need to take any action, but if you are experiencing economic hardship and need to stick with the $1 per month tier, simply click here by September 21. Enter this email address where you see the prompt, and we will honor your request.
We’ve posted numerous times about Acorns signup offers, and it’s worth keeping the fee increase in mind.
[email protected]
The only reason I’d kept my account this long was because they had a nice cashback percentage on Stance and Uber Eats which would cover my fees annually. But I’m not planning on spending $300/yr on socks, so I guess it’s time to close.
Only question is whether to close and liquidate or transfer to another brokerage?
Just removed all investments. I’ll close as soon as the amount hits my bank.
Closing my account soon. Good as a start but bad as a long term tool. Got 4 years free with edu email back then and now I can manage my investment myself.
This was the plan all along. Attract poor people who don’t know anything about investing, nor will they ever. Then continually raise the fees.
For now, the process to retain the $1 fee is painless. Click the link in the email related to financial hardship. I was concerned it would ask follow-up questions intended to gauge my (non-existent) state of hardship or that I’d get other pressure to fee up. But clicking the link just resulted in a redirect confirming that I’d remain in the Lite tier.
I have about $14K in there and I can live with a $12 annual fee
But can you really live with lying intentionally for $24?
Yes. Random fee increase are BS
Looks like they killed the $2 legacy Invest and Later tier too. RIP
Just upgraded to Acorns Spend since I saw the $75 reward offer with first DD. Will exit after receiving that reward…
If you find a card with a $3 low balance waiver lemme know. Discover and Wells Fargo won’t be paying for Acorns anymore. 🙁
Couldn’t you pay balance down by $1 and still get the wavier? Would that be a work around? Bit of a PITA to do every month when it was automatic before.
I signed up for this and instantly closed the account. The UI is garbage. It’s impossible to find anything, so much scrolling up and down.