To receive a fee waiver with your Mighty Oak Card, you must do the following:
- Have a minimum of $250 direct deposited into your Acorns Checking Account within 45 days of signing up for your Mighty Oak Card
To continue receiving a fee waiver, you must have at least $250 in direct deposits per month in your Acorns Checking account. This can also be broken down into two $125 biweekly direct deposit payments.
Please note the following:
- This waiver will be applied to either the $6 or $12 plans as long as you have an active direct deposit set up.
- If you stop the direct deposit, the waiver will be removed.
- If you set it up again in the future, the waiver will be reapplied.
- If you set up direct deposit using the app, then the fee waiver will automatically be applied once the deposit is deemed a success.
- If you set up direct deposit through your employer payroll provider (ADP, Dayforce, Quickbooks, Paylocity, etc.) then the fee waiver will automatically be applied once the direct deposit hits the Acorns Checking account. (it may take 1-2 pay cycles for the direct deposit to hit the customer's Checking account).
- If you are self-employed, you are still eligible for the waiver! Simply set up direct deposit through the payroll provider you use.
To sign up, see our FAQ: How do I get the Mighty Oak Card?
See complete terms and conditions at acorns.com/mighty-oak-terms-and-conditions/
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