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 has a flat monthly fee that covers most activities, so there aren’t many hidden fees.

• There are a few areas within Acorns where additional fees could be incurred.

Overview of Hidden Fees at Acorns

Acorns’ flat monthly fee will cover most activities and transactions with the financial firm, although some events will incur additional charges. Read on for the details.

Normal Fee Schedule at Acorns

Acorns’ published fee schedule is a monthly subscription plan that all customers are required to sign up for. There are three choices, each with its own benefits:

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





Because these subscription plans are clearly posted on Acorns’ website, the monthly subscription charge obviously isn’t hidden. But the monthly charge doesn’t include some activities an account may incur.

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Acorns Hidden Fees

For example, ATM fees incurred while using the Acorns debit card are never reimbursed, as is common practice at many financial institutions these days. Acorns has partnered with roughly 55,000 cash machines nationwide to provide fee-free withdrawals, but any withdrawal made outside of this network will incur fees charged by the ATM owners. Nowadays, a typical ATM fee is between $4 and $5.

Acorns’ round-up program automatically rounds up purchases made with its debit card and transfers the spare change to the account’s linked investing account. Turning on this service will result in debit-card purchases being rounded up. For example, a transaction of $7.39 will produce an $8 debit in the Acorns checking account. This system can be turned off, however.

For investing accounts, there can be fees beyond the monthly subscription cost. For instance, the ETFs used in Acorns’ robo accounts have management fees that are taken directly from fund assets. Due to how this system functions, shareholders don’t actually see these payments being taken out of their funds. Here are some ETFs that Acorns uses in its advisory program along 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%

Obviously, a lot of the expense ratios are quite low, which reduces the cost of owning shares of these investment companies.

If one of these ETFs is transferred out of Acorns, the robo firm charges $35 per fund. This means transferring five ETFs out of Acorns will cost $175, which is really steep. Acorns charges nothing to move cash out of an account via the ACH network, which might be a better alternative. This will require selling securities, though, which could come with tax consequences if done in a taxable account. Be sure to consult with a tax professional before taking this step.

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