How much can I withdraw from my Later account?

Article author
Trish V.
  • Updated

You are able to withdraw from your Acorns Later account at any given time; however, the maximum withdrawal limit per transaction is $50,000.

With any IRA, there are often tax implications for early withdrawals or transfers (generally a 10% penalty and possibly income taxes and/or other penalties). You can learn more about the specifics from the IRS website here

To withdraw your Acorns Later funds, please follow these steps:

  1. After logging in to your account, tap or click on "Later"
  2. Tap or click on "Withdrawal"
  3. After reviewing the facts about withdrawals, tap or click on "Next" at the bottom
  4. Select the reason for your withdrawal and tap or click on "Next"
  5. Enter the amount for your withdrawal and tap on click on "Next"
  6. Select the bank you would like your funds to be transferred to
  7. Review your requested withdrawal and tap or click on "Withdraw"

Sell orders (i.e. withdrawal requests) placed before 11am PST on a market day typically will be processed the same day. If your request was made after 11am PST on a market day, Acorns will sell shares the following market day. It can take 3-6 business days for withdrawals to be fully reflected in your primary checking account. The SEC regulations dictate a mandatory 2 day settlement period, after which time the withdrawal has to process.






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