Acorns, much like their name suggests, have grown from humble beginnings into one of the largest, and easiest to use, investment apps of the 21st Century. With millions of users and billions under management, it’s hard to ignore their progress. In saying that, there are plenty who’ve tried it out, and found it’s simply not for them. Thankfully, they’ve made it quite easy to cancel your Acorns account and move on to other things.
If that’s the case for you, simply follow these steps and you’ll be on your way to closing your Acorns account in no time.
Steps to cancel Acorns
Step 1 – Login to your Acorns account through a browser
If you want to cancel through a browser, login to your Acorns account and visit this link – https://signin.acorns.com. If you want to cancel through the app, go to Your Account > Subscription > Cancel Acorns. And follow the steps from there.
Step 2 – Visit the page that contains information about your subscription
Once you’ve logged into your Acorns account through your browser, visit this link to see the option to cancel your account – https://app.acorns.com/close-account.
Step 3 – Click the “Cancel Acorns subscription” button
On the page which details all the information about your subscription, you should see a button or text that says “Cancel Acorns subscription”. It may be phrased a little bit different, but you’ll know it when you see it.
If you don’t see an option to cancel – send them a message through their website here – https://help.acorns.com/contact – or through social media (links below)
Step 4 – Follow the cancellation guide and answer any questions they have for you
Acorns will likely want to know why you’re cancelling so they can improve their service for current and future customers. They also may offer you an incentive to keep you from cancelling. Answer any questions they have and you’ll be good to go.
Step 5 – Confirm you’ve cancelled Acorns by logging in and checking your subscription again
Once you’ve gone through the cancellation process, it’s always good to go back and double-check that your Acorns account has actually been cancelled. To do this, simply head back to the subscription page and check the status of your account.
Can you call to cancel?
Unfortunately not. As Acorns is primarily a tech company, they’ve invested massive resources into creating a user-friendly experience across their app and browser platforms to handle everything you need for your Acorns account.
Again, if you’re unable to cancel by following the steps above, send them a message on social media – it’s the quickest and most effective way to get in touch with the staff at Acorns.
A recent study showed that Zipcar is one of the most popular services people subscribe to who also have an account with Acorns. So, if you’re looking to cut your costs down even further, you may want to know how to cancel Zipcar as well.
Reasons why people close their Acorns account
Acorns were one of the first big-movers in the business of micro-investing. Allowing millions of Americans to invest their spare change into real companies and grow their money to protect their future financial status. Unfortunately, for the millions that love their products, there are also plenty that finds Acorns simply isn’t for them.
One of the biggest reasons people cite as the catalyst for closing their Acorns account is that it’s simply too slow for them. Spare change isn’t much, and when it takes months, possibly years, to build up a sizeable chunk of spare change that amounts to a reasonable investment, some folks think Acorns simply doesn’t cut it.
On top of the slow-moving investments Acorns sometimes returns, many people have opted to cancel after they’ve discovered the types of fees they’re being charged. Even though some consider Acorns’ fees quite reasonable compared to traditional investment funds, the price is still considered quite high if you’re only investing your spare change.
Lexington Law, one of the US’s most popular credit repair services, also sees a wave of people cancel after they realise the fees they’re paying. If that sounds like you as well, you’ll be happy to know you can cancel Lexington Law in a few simple steps.
Talk to their staff
Have more questions about cancelling your account with Acorns? Your best bet to get a quick answer would be to send their team a message on social media:
If, on the odd chance, you’re also subscribed to Dollar Shave Club and are thinking about cancelling to save a bit of money as well, you can do so in a few simple steps.