Stash Your Savings For Your Future - Success In The Making

Stash

Much like Acorns, Stash operates in a similar fashion with a few minor differences. Stash is designed to help beginners learn how to invest. During the setup process, Stash will guide you through multiple questions guiding you to your perfect investment portfolio based on your financial situation.

Auto-Stash

Round-Ups

Stash, much like Acorns, will watch your debit card and ‘Round-Up’ your dollars and invest the difference for you. An example would be you if spend $7.45 for breakfast at your favorite coffee shop. Stash would take $0.55 out of your account and invest it for you. Personally, I have mine set to triple invested. This means $0.55 times 3, or $1.65 would have been taken from my account. These round-ups are limited to $10 per day, which if you use your card as I do, is easy to max out.

Debit Card

Unlike Acorns, Stash has their card up and running. Mine arrived within a matter of days of requesting one. Their debit card is both Apple Pay and Samsung Pay compatible. Attaching this card to either service is extremely simple. When I added mine, I simply scanned the card and logged into my Stash account.

Basic

Plus

Custodial Account

Stash does offer you custodial accounts so you can get your kids involved. Unfortunately, they charge a premium for this service. The first two kids are currently included in their highest tier costing $9 per month. Each additional child will cost you another $1. If you choose this route, you will gain all of the benefits that are included in the top tier also.

Fees

Like most other services, Stash starts out at $1 per month. They also offer two other tiers of service for $3 and $9 per month. Your benefits obviously increase as you go up.

Tier 1 – $1

Tier 2 – $3

Tier 3 – $9

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Conclusion

Pros

$0 Minimum Balance ($5 to Invest)
Fractional Shares
Educational Support and Education
Rewards Program Pays in Stock
IRA: Roth and Traditional Accounts ($3 Tier)
Stock Back for Stash Card Purchases

Cons

Compared to Others Listed, Can Get Expensive
Does Not Directly Auto-Invest
No Automatic Rebalancing
No Tax Strategy

Why I Use Stash

Stash, while being similar to Acorns, has one significant difference. The Stash Debit Card offers you stock back on purchases made with it. While I have not yet had the opportunity to use my Acorns Debit Card yet, my Stash Card is loaded on to my Samsung Pay for easy use. Unfortunately, I have not been using this app efficiently enough to really get a grasp on how to seriously take advantage of this service.

Use My Stash Link Here to Gain $5 for each of us just for opening an account. Continue and fund a Debit Account and get $20 credit more!

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Withdraw Your Stash Investments

So, I just did what every investor is told over and over not supposed to. Life happens and sometimes you just have to. Or maybe you hit your savings goal and now its time to put your investment to use. Either way, I just hit the ‘Sell All’ button on every one of my Stash investments. Let’s see how this turns out…

Under each of your Stash “Portfolio Breakdown,” you have each of your investments. By selecting one and pressing the “Buy/Sell” at the top, you will have a bottom menu popup with a”Sell All” option.

As with most of these free Robo-Advisors, you must wait until they are ready to trade your investments. These windows open at 9:45 am and 3:30 pm EST, Monday through Friday. Coincidently, I have selected all my trades before 9:30 am, and should easily have made the first trading window. Later, at 10:30 am, I received my notifications saying everything was completed. Unfortunately, it was listed as “Unsettled Funds” and cannot be immediately withdrawn.

So, after waiting… and waiting… and waiting a little more, I started reading the fine print. Apparently, due to the SEC Regulations, all sales take 2 business days to settle. Which I find slightly odd as Robinhood and Acorns had no problems sending my money back to me immediately.

Once the funds were available, finding a way to transfer them back to your bank account is easy. Under your settings, view your Profile. There is a bold heading titled “Move Money” with “Transfer” under it that needs to be clicked. Select from your Stash Bank Account, then to your financial institution, and finally, type in your amount. The next step is waiting some more. Once again, bank transfers all seem to have the 2-5 day transfer period.

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