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Are there any additional monthly fees for using Acorns to invest in digital currencies?

avatarElviraDec 16, 2021 · 3 years ago3 answers

Can you tell me if there are any extra fees that I need to pay on a monthly basis when using Acorns for investing in digital currencies? I want to make sure I understand all the costs involved before I start investing.

Are there any additional monthly fees for using Acorns to invest in digital currencies?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, there are additional monthly fees for using Acorns to invest in digital currencies. Acorns charges a monthly fee of $1 for their basic investment account, and an additional $1 per month for their Acorns Later retirement account. These fees cover the cost of managing your investments and providing you with access to their platform and services. It's important to note that these fees are separate from any fees charged by the digital currency exchange itself, which may vary depending on the exchange you choose to use.
  • avatarDec 16, 2021 · 3 years ago
    No, there are no additional monthly fees for using Acorns to invest in digital currencies. Acorns offers a free investment account that allows you to invest in a variety of assets, including digital currencies. However, it's important to note that there may be fees associated with the digital currency exchange you choose to use, so it's always a good idea to research and compare fees before making any investment decisions.
  • avatarDec 16, 2021 · 3 years ago
    Yes, there are additional monthly fees for using Acorns to invest in digital currencies. Acorns charges a monthly fee of $1 for their basic investment account, and an additional $1 per month for their Acorns Later retirement account. These fees cover the cost of managing your investments and providing you with access to their platform and services. However, it's important to consider the potential returns on your investments and weigh them against the fees you'll be paying to determine if it's the right investment strategy for you.