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Digit vs Acorns


 DigitAcorns
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Digit

Acorns

SPECIAL OFFER
30 Days for Free - Learn More

SPECIAL OFFER
$20 Investment Bonus - Learn More

Read Acorns Review

 

Benefits and Features

Savings
Yes
No
Stock Trading Part of service fee. No add-on trading fees.
Options Trading 
No
Annual Fee
30 days free; then $5/month
  • Acorns Bronze ($3/mo) - includes personal taxable account, IRA, and checking account
  • Acorns Silver ($6/mo) - includes everything in Bronze, emergency fund, 25% match on rewards, and 1% IRA match on Acorns Later contributions
  • Acorns Gold ($12/mo) - includes everything in Silver, investment accounts for kids, 50% match on rewards, custom portfolio, Trust & Will, $10K Life Insurance, free GoHenry account, and 3% IRA match on Acorns Later contributions
Cryptocurrency Trading 
No
Minimum Deposit
$0
$0
Checking
No
Yes
Mutual Fund Trading 
No
Commission Free ETFs A selection automatically chosen by Acorns
Phone Support
No
Yes
Live Chat Support
No
No
Email Support
Yes
Yes
Human Advisors 
No
Robo Advisor
No
Yes
Assets Under Management 
$4.7 Billion
Tax Loss Harvesting 
No
Goal Tracker
Yes
Yes
Automatic Deposits
Yes
Yes
Broker Assisted Trades Acorns automatically invest and trade for you
Good For Beginners; Passive investors; Those who have trouble saving/investing on their own
Inactivity Fee None, but you will keep paying the monthly fee
Maintenance Fee 
Monthly fee for the service
Online Platform
Yes
Yes
iPhone App
Yes
Yes (4.7 stars, 760k ratings)
Android App
Yes
Yes (4.3 stars, 156k ratings)
BankingSet & Save automatically pulls money from bank account into a savings accountIncluded in Acorns Bronze ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide.
Mobile App
iOS & Android
iOS & Android
Two-Factor Authentication 
Yes
Locations 
No
Online Community 
No
Seminars 
No
Virtual Trading 
No
Fractional Shares 
Yes
Taxable Accounts
No
Yes
401k Plans
No
No
IRA Accounts
No
Yes
Roth IRA Accounts
No
Yes
SEP IRA Accounts
No
Yes
Trust Accounts
No
No
529 Plans
No
No
 

CreditDonkey® Reviews

 DigitAcorns
Annual FeeStarStarStarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
Mobile AppStarStarStarStarHalf Star
Customer ServiceStarStarStarEmpty StarEmpty Star
Ease of UseStarStarStarStarStar
Pros & ConsPros:
  • No minimum to open account
  • Invest with spare change
  • Cash-back program
Cons:
  • Fees are high for small balances
  • No tax benefits
  • Limited investment options
Bottom LineInvestment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review
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30 Days for Free

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Digit: Pricing information from published website as of 07/02/2018

Acorns: Pricing information from published website as of 09/28/2020.

Acorns

$20 Investment Bonus

  • Open an Acorns account (new users only)
  • Set up the Recurring Investments feature
  • Have your first investment be made successfully via the Recurring Investments feature

Articles on Acorns

Acorns Investing

Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit.

Apps Like Acorns

Acorns is one of the best micro-investing apps out there. But is it for everyone? Read on to see some of your alternatives.

Is Acorns Legit or Safe

Acorns lets you invest spare change from every purchase. But is it safe to use? Learn just how secure the micro-investing app is.

How to Make Money Using Acorns

Acorns "rounds up" everyday purchases and invests it for you. What's the catch? Read this review to find out how to make money using the app.

Comments

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