Acorns fee schedule. How much does Acorns charge for stocks and in regulatory fees? Does Acorns have monthly fees?

Hidden Fees at Acorns: Points to Know

• Acorns charges a flat monthly fee that covers most services, so there aren’t many hidden fees.

• However, there are a few areas within Acorns where extra fees might apply.

Overview of Hidden Fees at Acorns

Acorns’ flat monthly fee covers most services and transactions with the company, but some events will have extra charges. Read on for more details.

Normal Fee Schedule at Acorns

Acorns’ fee schedule is a monthly subscription that all customers must sign up for. There are three options, each with its own benefits:

Personal: $3 per month
Personal Plus: $5 per month
Premium: $9 per month





These subscription plans are clearly shown on Acorns’ website, so the monthly fee is not hidden. But the monthly fee does not cover some activities that an account may have.

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Acorns Hidden Fees

For example, ATM fees when using the Acorns debit card are not reimbursed, which is common at many banks today. Acorns has partnered with about 55,000 ATMs across the country for free withdrawals, but any withdrawal outside this network will have fees from the ATM owners. Usually, an ATM fee is between $4 and $5.

Acorns’ round-up program automatically rounds up purchases made with its debit card and moves the spare change to the linked investing account. When this service is on, debit-card purchases are rounded up. For example, a $7.39 transaction will become an $8 debit in the Acorns checking account. You can turn this system off if you want.

For investing accounts, there may be fees in addition to the monthly subscription. For example, the ETFs used in Acorns’ robo accounts have management fees taken directly from the fund assets. Because of this system, shareholders don’t see these payments taken from their funds. Here are some ETFs that Acorns uses in its advisory program with their annual expense ratios:

iShares ESG 1-5 Year USD Corporate Bond ETF (SUSB) - 0.12%
ProShares Bitcoin Strategy ETF (BITO) - 0.95%
iShares Core S&P Small-Cap ETF (IJR) - 0.06%
JPMorgan Ultra-Short Income ETF (JPST) - 0.18%

Many of the expense ratios are quite low, which lowers the cost of owning shares of these investment companies.

If one of these ETFs is moved out of Acorns, the robo firm charges $35 per fund. This means moving five ETFs out of Acorns will cost $175, which is very high. Acorns does not charge anything to move cash out of an account via the ACH network, which might be a better option. However, this will require selling securities, which could have tax consequences if done in a taxable account. Be sure to talk to a tax professional before doing this.

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