Stash offers two main features: investing and banking. A two-tiered monthly management fee gives you access to both services, and you maintain separate balances with each service.
The investing service allows you to buy stocks, exchange-traded funds (ETFs) and crypto, starting with a $5 minimum investment. From there, you can add more money if you wish, or you can schedule automatic, recurring deposits.
You can choose between a taxable investment account or a tax-advantaged individual retirement account (IRA)—either a traditional IRA or a Roth IRA. If you have children younger than 18, you can open a custodial investment account on their behalf.
For hands-off investors, the Smart Advisor option offers a robo-advisor account. After you fund your account, Smart Advisor creates and manages a custom portfolio based on your risk tolerance and financial goals.
Stash Banking
There’s no minimum deposit requirement to open the online bank account, but you need to deposit at least $1 to receive a debit card. There are no overdraft fees, no minimum balance requirements and no monthly maintenance fees. Stash partners with Stride Bank to hold your deposits.
You may instantly transfer funds between your investment account and your bank account balance. The debit card provides fee-free withdrawals from more than 55,000 ATMs worldwide and cash deposits at retail locations at participating CVS, Rite Aid and Walgreens stores.
Debit card purchases earn 1% rewards on all purchases in the form of fractional shares of stock. You can choose a stock to earn as a reward, which is deposited into your investment account.
As noted above, the bank account lets you round up debit card purchases to the nearest dollar and deposits the balance in your investment account.
The Stash mobile app enables mobile payments via your online bank account. It also includes budgeting tools so you can track your spending and savings. Finally, if you receive direct deposits, the account gives you access to your money up to two days before payday.
Budgeting Features
Stash doesn’t offer the robust budgeting features found with many other budgeting apps. But within the banking portion of Stash, you can set savings goals and automate savings to fund your goals. Users can track spending with Stash, which will help you understand your expenses better and provide guidance when planning your monthly budget.
Security
Stash uses the latest security measures to protect its customers, including 256-bit encryption, biometric authentication and other cutting-edge technologies.
Deposits to Stash bank accounts are FDIC insured up to the legal limits through a partnership with Green Dot Bank. Investments with Stash are protected up to $500,000 through partner company Apex Clearing Corporation.
FAQs
Stash will pay the referring party for referral services provided by the referring party up to $30 for each Prospective Client who opens, links a bank to, and/or deposits funds into a Qualifying Account.
Can you actually make money on Stash? ›
With the Stash Growth plan, you can earn 0.125% Stock-Back®, and the Stash+ plan pays 1% Stock-Back® on the first $1,000 you spend monthly. Both plans offer bonuses of up to 2% and 3%, respectively, at certain merchants. These Stock-Back® rewards actually give you shares of stocks at the companies you shop at.
How trustworthy is Stash? ›
Stash offers FDIC-insured bank accounts through Stride Bank. Your accounts with us are insured to the regulatory limits by the Federal Deposit Insurance Corporation (FDIC).
Is Stash better than Robinhood reviews? ›
Robinhood tends to be better for those who aren't seeking personalized portfolio recommendations, along with those who want access to options trading and cryptocurrency. Stash is a better fit for those who want personalized investment and financial recommendations.
How do I get my $50 from Stash? ›
Bonus Offers Terms & Conditions
To participate in this bonus offer you must (1) complete the Stash account opening process and link a funding source (e.g., bank account) to a Qualifying Account and (2) deposit at least $5.00 USD into such Qualifying Account.
Why is Stash charging $3 a month? ›
Why does Stash charge a monthly fee? We're all about transparency. Unlike other investment apps, we don't have banking overdraft charges 2 or add-on transaction fees†—just a flat monthly subscription ($3 or $9 per month) for access to all your money needs.
Which is better, Stash or acorns? ›
Stash caters to new investors who want to build long-term wealth and may be best for investors who want to choose their own individual stock and ETF investments. Acorns completely automates investing, which appeals to investors who want a truly simplified set-it-and-forget-it investing approach.
Is it smart to Stash cash? ›
That should include a little cash stashed in the house, enough to cover the monthly bills in a checking account, and enough to cover an emergency in a savings account. For the emergency stash, most financial experts set an ambitious goal of the equivalent of six months of income.
Is it hard to cancel Stash? ›
To close a Stash account, log in to the website, go to your account settings, manage your subscription plan, and select the option to close your account.
Is Stash safe to give SSN? ›
Stash takes safeguarding your personal information very seriously—we use it only for identification purposes, and we never perform credit checks. As a financial service institution, we're required by law to obtain, verify, and record identification information.
Stash simplifies the process of selecting investments with an app suited for beginners. But fees are higher than those of some competitors.
What is the best investment app for beginners? ›
SoFi is a top investment app for beginners thanks to an easy-to-use interface paired with rock-bottom pricing. You can get started at SoFi Invest with just $1, and there are no commissions for trades and no recurring account fees.
Does money grow on Stash? ›
Or invest your Stash in Cash+
Stash's Cash+ portfolio grows your money a little bit every day. Get a 5.5% effective annual growth rate (we give 31 days' notice of any change) no matter what happens to the markets.
Is it easy to withdraw from Stash? ›
Instant debit withdrawals allow you to withdraw up to $1,000 from your Stash banking account to a linked external debit card for a 1% fee. The transfer should only take a few minutes to complete.
Is the Stash card worth it? ›
The Stash Stock-Back® Card also offers meager rewards — using a rewards credit card would be a good alternative since they tend to offer higher rewards rates even if it means you're getting cash back or points and miles back for your everyday purchases instead of stocks.
Do you get money from Stash? ›
Having an external debit card linked to your Stash account can let you withdraw funds from your Stash banking account instantly. Instant debit withdrawals allow you to withdraw up to $1,000 from your Stash banking account to a linked external debit card for a 1% fee.
What is the deposit bonus for Stash? ›
Promo #1: When you make a deposit of at least $5 into your Personal Portfolio or Smart Portfolio, we'll automatically give you $5 in your Personal Portfolio.
Do you get paid early with Stash? ›
Stash offers banking access that helps you take control of your finances: get your paycheck up to two days early, avoid overdraft fees,2 automatically save and invest, and earn stock with the Stock-Back® Card.
Is Stash a good way to save money? ›
Save and invest for the long haul with Stash
Stash makes it easy to begin putting your money into the market with automated investing and fractional shares that allow you to become an investor with as little as $5. The sooner you start saving money and investing, the longer your money has to grow.
