Do you want to delete Acorns account? Maybe you’ve found another investment app that better suits your needs.
You’ve decided to take a break from investing altogether.
Acorns is an investment app that helps you grow your savings by rounding up your purchases and investing the spare change.
While the app has helped many people start investing, some users may find that it no longer meets their needs. In such cases, closing the account is the best option.
Reasons for Deleting an Acorns Account
There are several reasons why you may want to delete your Acorns account. Some of the most common ones include:
- The app no longer fits your investment goals.
- You’re looking for a different investment app.
- You’re taking a break from investing.
Steps to Deleting an Acorns Account
Closing an Acorns account involves two main steps: liquidating your assets and canceling your subscription.
Liquidating Your Assets
Before you can close your Acorns account, you need to liquidate all the assets currently held in the app. Here’s how to do it:
- Open the Acorns app on your iPhone or iPad.
- Tap the ☰ menu at the top-left corner of the screen.
- Tap “My Settings” on the menu.
- Tap “Manage My Account”.
- Information about your account will appear.
- Tap “Close Account”.
Acorns will guide you through the process of liquidating your assets and ask you a series of questions to confirm the liquidation of your account. All funds will be transferred to a bank account linked to Acorns.
Canceling Your Subscription
Once you’ve liquidated your assets, the next step is to cancel your subscription. Here’s how to do it:
- After logging in to your account, tap the menu (avatar) in the upper right corner of the screen
- Click on “Profile Settings”
- Select “My Subscription”
- Scroll down to “Change tier” and click on “Close account”
- Select the account you want to close, and the step-by-step instructions will come up to guide you through the process.
FAQs
Can I reopen my Acorns account after closing it?
Yes, you can reopen your Acorns account at any time by logging in and reactivating it.
How long does it take to close an Acorns account?
It can take up to 5-7 business days for the funds to be transferred to your bank account after liquidating your assets.
Can I cancel my subscription without liquidating my assets?
No, you need to liquidate your assets before you can cancel your subscription.