Acorns Spend Will Give You a Free $75 Just for Setting up Direct Deposit
Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners. Wouldn’t it be awesome if a checking account handed you a $75 bonus just for setting up direct deposits? What if that account also made […]

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Privacy Policy What if that account also made it super easy to invest your money and grow your wealth? Because the money comes out in increments of less than , you’re less likely to feel an impact in your bank account. (Although you can always turn off the digital “round-ups” for a while, if you’re in a pinch.) Wouldn’t it be awesome if a checking account handed you a bonus just for setting up direct deposits? Source: Acorns’ robo-investment app has grown hugely popular since it launched in 2014, so now it’s expanding into other services — like checking accounts and debit cards. Whenever you swipe your Acorns Spend debit card, it rounds up your purchases to the nearest dollar. Then it funnels that money into stocks and bonds for you.

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Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder. Acorns invests your money in popular ETFs, or exchange-traded funds, which are collections of hundreds or thousands of stocks and bonds. The app has a handful of different portfolios, depending on how much risk you’re willing to take on. You can even have Acorns invest a percentage of your direct deposits as soon as they land in your Spend account. It costs just per month, and there are no overdraft fees or minimum balances required, plus, you can use your Acorns Spend debit card fee-free at any ATM that accepts Visa cards. That’s the idea behind Acorns Spend. It’s a checking account that’s linked to an investment account that automatically invests your digital “spare change.” Oh, and let’s not forget that . With Acorns, you start out with a free bonus. With Acorns Spend, you’ll get a bonus after you enable direct deposit and receive your first two deposits in your Spend account.
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