Customers who set up a direct deposit of at least $250 per calendar month within 45 days of signing up for the Might Oak Card will receive a subscription waiver for as long as they have their direct deposit set up and meet eligibility requirements.
Please note the following:
- This waiver will be applied to either the $5 or $9 tiers 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, 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).
See complete terms and conditions at acorns.com/mighty-oak-terms-and-conditions/