Review: Acorns – A spare change investing service

What is it?

Acorns is a very simplified investment service where it links to a nominated spending account (e.g. your credit card) and will round up your transactions to the nearest dollar and once it hits a set threshold will take all your round ups and put it into your account.

You will need to provide some pretty personal information, such as bank account numbers as well as password log-ins and your TFN.

Once your account is set up and linked to a spending and funding account (where it pulls money from) you can then choose between portfolio choices of conservative, moderately conservative, moderate, moderately aggressive and aggressive for the bulls out there.

In-app explanation and guides


  • Set and forget nature, you just leave it to do its thing.
  • Cheap way to get exposure to bonds and foreign markets which otherwise could attract high brokerage costs.
  • Very low starting requirements…$20 to be exact. Cheaper than say buying into a managed fund and for a good lot of us we probably can’t afford a wealth manager.
  • Easy to use from both the website and mobile app.


  • Doesn’t give a breakdown of what exactly your funds are invested aside from the asset class.
  • Slightly misleading on the change investing, it will not round up on the credit card you are spending on but instead will draw these differences from your nominated funding bank account at a later date.
  • This one is probably just me but my account has suddenly stopped rounding anything up and I am yet to hear back from them.
  • Not all bank account providers are supported.
Simple design on the app. First time set up of account is a lot easier on the computer though


Well I have been using it for 1.5 months now with a month in moderate and 2 weeks in moderately aggressive and it’s made $1.14 (1.84%) in that time so I guess it’s pretty good since it required zero effort and given the low-interest rates in today’s environment offered by banks on savings it’s a decent return.

Of course, there is always the risk you just completely lose everything 🙂 Use this link to sign up and you get a bonus $2.50. Yay free money!

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