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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

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Can you have a beneficiary on an investment account?

Where Acorns falls short. No tax strategy: Unlike many of its competitors, Acorns does not offer a tax strategy. High fees on small balances: Because of its pricing structure, Acorns can have high fees on small account balances.

Does Acorns have a beneficiary?

Absolutely! Adding a beneficiary to some of your Acorns Invest accounts is a great way to help protect your financial legacy. What is a beneficiary? A beneficiary is the recipient designated to receive your eligible assets in case something happens to you.

How do I add someone as a beneficiary?

Your brokerage firm may provide TOD or other beneficiary documents in order to designate a beneficiary for your brokerage account. Designating a beneficiary can be very helpful, but be aware that a TOD plan or other beneficiary document supersedes your will.

Can you add a beneficiary to an individual investment account?

Acorns is a member of SIPC. Securities in your account are protected up to $500,000. For details, please see .sipc.org. Your Acorns Checking account is insured up to $250,000 per depositor.

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