How to Cancel Acorns Subscription

Acorns is a very popular micro-investing app that helps you invest your spare change. But sometimes, plans change, and you might need to cancel your Acorns subscription. This guide will show you the step-by-step process of how to cancel Acorns subscription, on both the Acorns app and website.

Understanding Acorns Subscription

Acorns is a financial technology company that allows users to invest their spare change from everyday purchases. It rounds up transactions to the nearest dollar and then invests the difference in a diversified portfolio. Acorns offers different subscription plans, including Lite, Personal, and Family, each with its features and pricing.

Reasons for Cancelling Acorns Subscription

Several reasons may prompt individuals to cancel their Acorns subscription. These include:

• a change in financial circumstances, such as tight budgets or the need to prioritize other expenses,
• Some users may also opt to switch to a different investment platform offering more advanced features or lower fees,
• Dissatisfaction with Acorns’ services,
• investment performance could also lead to cancellation.

Considerations Before Cancelling Acorns Subscription

 Before You take a decision to unsubscribe Acorns, consider the following things:

• Consider Pausing: Acorns allows you to pause your recurring investments instead of cancelling entirely. This can be a good option if you just need a temporary break.

• Review Fees: There are no cancellation fees, but Acorns may sell your investments to free up the funds for withdrawal. Make sure you understand any potential impact on your investment strategy.

• Transfer Options: Decide where you want your remaining balance transferred. Acorns can send it back to your linked bank account.

• Review Investment Portfolio: Evaluate your investment portfolio and consider the potential impact of cancellation on your financial goals.

• Explore Alternatives: Research alternative investment platforms to ensure you have a suitable replacement lined up.

• Seek Professional Advice if Uncertain: If you’re unsure about cancelling, seek advice from a financial advisor to make an informed decision.

Why Can’t I Cancel My Acorn Subscription?

To cancel your Acorns subscription, you may get the result and guide by google search on how to cancel Acorns subscription in straightforward ways, but you may encounter some challenges on the way. Let’s have quick look at few of them:

• Difficulty in Finding Cancellation Option: The cancellation option may not be prominently displayed, requiring some navigation within the app or website.
• Unforeseen Charges After Cancellation: Ensure that you monitor your bank statements for any unexpected charges that may occur after cancelling your subscription.

You may like to know How to Cancel Acorns subscription for better understanding of cancellation of such paid subscription service.

Tips for Smooth Cancellation

Consider the following tips to ensure a smooth cancellation process:

• Contacting Customer Support if Needed: If you encounter any difficulties during the cancellation process, reach out to Acorns customer support for assistance.
• Keeping Records of Cancellation: Save confirmation emails or screenshots of the cancellation confirmation for your records.

How to Cancel Acorns Subscription?

On the Acorns App (For Core Accounts Only):

1. Log in to the Acorns app.
2. Tap the profile icon available in the top left corner.
3. Select “Settings”.
4. Choose “My Subscription”.
5. Scroll down and tap “Cancel subscription”.
6. Follow the on-screen prompts to confirm cancellation and choose a reason (optional).

how to cancel Acorns subscription On Acorns.com (For All Account Types):

1. Log in to your Acorns account on acorn website: acorn.com.
2. Go to the bottom left corner and Click on the profile icon.
3. Under “Personal Settings”, click “My Subscription”.
4. Scroll down and tap “Manage” and select “Cancel subscription”.
5. Follow the on-screen prompts to confirm cancellation and choose a reason (optional).

For Later and Spend Accounts:

If you have a Later or Spend account (upgrades to the Core account), you cannot cancel directly through the app. You’ll need to contact Acorns support.

Things to Remember After Cancellation

After cancelling your Acorns subscription, keep an eye out for the following:

• Confirmation Email from Acorns: You should receive an email confirming the cancellation of your subscription.
• Monitoring Bank Statements: Check your bank statements to ensure that there are no remaining charges from Acorns following the cancellation.

How to Reach Acorns’ Team?

Here’s how to reach them:

• Open the Acorns app and tap the profile icon.
• Select “Settings” and then “Help Center”.
• Choose “Contact Support” and follow the prompts to initiate a chat or email request.

What are alternatives to Acorns?

As you are in search for how to cancel Acorns subscription, it is obvious that most likely you are not happy with the service being offered by Acorns. Here are some alternatives to Acorns, each with a brief description to help you decide:

Stash: 

Similar to Acorns, Stash allows micro-investing and automatic round-ups. It offers fractional shares and a wider range of investment options, including individual stocks and ETFs. Stash charges a flat monthly fee, so it might be less suitable for very small investment amounts.

Robinhood: 

A popular investing app known for its commission-free stock and ETF trades. Robinhood also offers fractional shares and allows you to invest in cryptocurrencies. However, Robinhood has a more complex interface and might not be ideal for beginners seeking a fully automated approach.

M1 Finance: 

Another commission-free platform that lets you build customized investment portfolios with fractional shares of stocks and ETFs. M1 Finance offers a more hands-on approach than Acorns, allowing you to tailor your investments to specific goals.

Bonus Option:

Betterment: 

• While not strictly a micro-investing app, Betterment is a robo-advisor that automates your investments based on your risk tolerance and financial goals. Betterment has a higher minimum investment than Acorns but offers a more comprehensive investing experience with features like tax-loss harvesting.

Conclusion

In conclusion, cancelling an Acorns subscription requires a few simple steps but requires careful consideration beforehand. By understanding how to cancel Acorns Subscription– the process and potential challenges, users can navigate the cancellation process smoothly and effectively manage their finances. Remember to review your investment portfolio and explore alternatives before making a decision.

FAQs