Do you want to permanently delete your Acorns account? You have come to the right place, in this guide we will show you step by step how to permanently delete your Acorns account.
To close your Invest account, and cancel your Acorns subscription, follow the steps below
Table of Contents
How Do I Permanently Delete My Acorns Account?
Below we have detailed step by step on how to delete your Acorns account using an android phone, and web browser
How to delete acorns account using an android phone
- After logging in to your account, tap the menu (avatar) in the upper left corner of the screen
- Tap “Settings”
- Tap “My Subscription”
- Tap “Close account”
- Tap “Cancel subscription”
- Follow the instructions to liquidate and close accounts
How to delete acorns account using a web browser
- After logging in to your account, click on the menu (avatar) in the upper right corner of the screen
- Click on “Profile & Settings”
- Click on “My Subscription”
- Click on “Close account”
- Select “Cancel subscription”
- Follow the instructions to liquidate and close accounts
That’s it, you have successfully deleted your Acorns account
Once you request to close your account, your funds will be liquidated and returned to your linked checking account in 3-6 business days.
Just so you know, any pending investments that haven’t begun processing will be canceled when your account is closed.
Investments that have begun processing can’t be canceled but will be liquidated and transferred to your linked checking account once they finish processing.
What happens if I delete my Acorns account?
Once you request to close your account, your funds will be liquidated and returned to your linked checking account in 3-6 business days. Please keep in mind, that Acorns may send you a 1099 form for your investment activity. Most investors get one.
Can you reopen Acorn’s account?
If you’re ready to start investing again with Acorns, reopening your account is easy. Simply log back into your Acorns account using our iOS, Android, or Web App. Once logged in, tap or click “Start investing again” and confirm you want to reopen your account.
How Do I Close My Acorns Later Account?
To close your Later account follow these steps:
- After logging in to your account, tap the menu (avatar) in the upper left corner of the screen
- Tap “Settings”
- Tap “My Subscription”
- Tap “Close account” and we’ll guide you through the process
Conclusion
Acorns is an American financial technology and financial services company based in Irvine, California that specializes in micro-investing and robo-investing.
According to Fortune’s Impact 20 list for the year 2020, Acorns had 8.2 million customers and $3 billion in assets under management.
Upon registering with Acorns, a user selects from among several portfolios of varied asset allocation. A credit or debit card is linked to the account, whereafter each purchase made with the card is rounded up to the next whole dollar, and the difference is added to the Acorns investment portfolio; one also manually may make contributions to one’s account.
On launch, Acorns charged a $1.00 fee for its service, which offer was ended on September 21st of 2021. As of February 21st, 2022, Acorns offers personal accounts for the flat rate of $3.00 per month ($36.00 per year); this, for instance, equates to a 0.36% (thirty-six basis-point) fee on a $10,000.00 account, or, a 3.60% (360 basis-point) fee on a $1,000.00 account.
Acorns offer users a very simple way to cancel or delete their accounts.
To delete the Acorns account, you need first to Login into your account. Click on your avatar profile>Click “Settings”>Select “My Subscription”> Click “Cancel subscription” > Follow the instructions to liquidate and close accounts.
We hope that you found our article on how to Permanently Delete Your Acorns Account helpful. If not, feel free to submit a comment or question for us and we’ll get back with an answer