How to close your Acorns account
To close your Acorns account, log into the app or website, go to Settings, select Account, and tap Close Account. Acorns will ask you to confirm, then walk you through withdrawing your money. The process takes a few minutes, but your actual cash withdrawal can take three to five business days to reach your bank account, depending on your bank.
Before you close, check your account balance and make sure you know where the money will go. Acorns transfers funds to the bank account you have on file. If that account is closed or the details are wrong, the transfer can fail and your money may be held temporarily while Acorns tries to return it.
Key Takeaways
- Close your account through Settings in the Acorns app or website; the app will guide you through each step.
- Your cash balance transfers to your linked bank account within three to five business days after you close.
- If your linked bank account is closed or has incorrect details, the transfer will fail and your money will be held while Acorns works to return it.
- Acorns does not charge a fee to close your account, but you will lose access to any recurring investments or savings features once it is closed.
- If you have invested money in Acorns Invest, you must sell those positions before closing; you cannot transfer them to another brokerage.
What happens to your money when you close
When you close your Acorns account, the app automatically initiates a withdrawal of your full balance to the bank account linked to your profile. This includes any cash sitting in your Acorns Spend account, any savings in Acorns Save, and any dividends or interest that has accumulated. Acorns does not hold back any portion of your balance.
The transfer itself is an ACH (Automated Clearing House) transaction, which is why it takes three to five business days. Weekends and holidays add to the timeline. If you close your account on a Friday afternoon, for example, the transfer may not begin processing until Monday, and you might not see the money until Thursday or Friday of the following week.
Once the transfer is initiated, you cannot cancel it through the app. If you need to stop the withdrawal, you must contact Acorns customer support immediately. They can sometimes halt an ACH transfer if it has not yet been sent to your bank, but this is not always possible depending on how far along the process is.
Selling investments before you close
If you have money invested through Acorns Invest (the automated investment account), you must sell those positions before closing your account. Acorns does not allow you to transfer investments to another brokerage or keep the account open just for investments while closing the savings features.
To sell your investments, open the Acorns app, go to your Invest portfolio, and select Sell. You can sell all positions at once or one at a time. Once sold, the proceeds become cash in your account and will be included in your withdrawal when you close. Selling takes one business day to settle, so plan ahead if you are closing soon.
If the market is down when you sell, you may receive less than you originally invested. This is a real loss, not a fee—it reflects the current value of your holdings. Acorns does not waive losses or offer any protection against market timing.
Checking your linked bank account details
Before you close, verify that the bank account information in your Acorns profile is current and correct. Go to Settings, select Payment Methods or Linked Accounts (the exact name varies by app version), and confirm the routing number, account number, and account holder name match your actual bank account.
If your linked account is closed, frozen, or has been replaced with a new account number, the ACH transfer will fail. Your money will not be lost, but it will be held in a pending state while Acorns attempts to return it to you. This process can take two to four weeks. During that time, you cannot access the funds.
If you know your linked account is no longer valid, update it before closing. Log into your bank's website or app to confirm your current account number and routing number, then update Acorns. Once the information is correct, proceed with closing.
What you lose when you close
Closing your Acorns account ends all recurring features. Any automatic investments you had set up will stop. Round-ups (the feature that invests your spare change from purchases) will no longer occur. If you had a subscription to Acorns+ or another paid tier, that subscription ends and you will not be charged further.
You also lose access to your transaction history and account statements once the account is fully closed. If you think you might need records of your activity for tax purposes or personal reference, download or screenshot your statements before closing. Acorns does not provide historical statements after an account is closed.
If you had a referral code or were earning referral bonuses, those stop accruing once you close. Any pending referral rewards that have not yet been paid out may be forfeited, depending on Acorns' terms at the time of closure.
If your withdrawal fails or is delayed
If your bank rejects the ACH transfer because of incorrect account information, the funds will be returned to Acorns. You will receive a notification in the app or by email. At that point, you have two options: update your bank account information and request a new transfer, or contact Acorns support to arrange an alternative withdrawal method.
Acorns support can sometimes issue a check or initiate a wire transfer if the standard ACH method is not working. Wire transfers are faster (one to two business days) but may carry a fee of $15 to $25, depending on the amount. Ask support what options are available for your situation before agreeing to any fees.
If you cannot reach your bank to fix the account issue, contact your bank's customer service directly. They can tell you whether the account is still active and what the correct routing and account numbers are. Once you have that information, you can update Acorns and try the withdrawal again.
Frequently Asked Questions
Does Acorns charge a fee to close my account?
No. Acorns does not charge a fee to close your account. However, if your bank rejects the ACH transfer and you need Acorns to send a wire transfer instead, that wire may carry a fee of $15 to $25. Standard ACH withdrawals are free.
Can I reopen my Acorns account after closing it?
Yes. You can create a new Acorns account at any time using the same email address or a different one. However, your old account history and statements will not be recovered. You will start fresh with a new account.
What if I close my account but forget to withdraw my money first?
Acorns initiates the withdrawal automatically as part of the closing process. You do not have to do anything separately. Your full balance will be sent to your linked bank account within three to five business days.
Can I transfer my Acorns investments to another brokerage?
No. Acorns does not support transfers of investments to other brokerages. You must sell all positions through Acorns before closing. Once sold, the cash can be withdrawn to your bank account.
How long does it take to fully close my account?
The closing process itself takes a few minutes. However, your money may take three to five business days to arrive in your bank account. Your account is considered closed once you confirm the closure in the app, even if the money is still in transit.