Why did I receive an Overdraft (NSF) fee from my bank?

Article author
Jennifer
  • Updated

Your bank charges you an overdraft or non-sufficient funds fee when you don’t have enough money to cover a transfer to your Acorns’ account. 

 

Your bank will list the name of the company that caused you to overdraft your account and incur a fee. Is Acorns listed here? That might be because of the subscription fee, a Recurring Investment, or a regular Round-Ups ®



You can always transfer money from your Acorns Invest account to your bank linked with us. Just make sure you have the latest version of the Acorns app to take advantage of this feature. 

  1. From the home screen, tap or click "Invest"
  2. Tap or click "Withdraw"
  3. Enter the amount you'd like to withdraw, and tap or click "Withdraw" at the bottom of the screen
  4. Follow the prompts to confirm your withdrawal

It can take 3-6 business days for withdrawals to hit your bank account. Just keep in mind; taking money out of the market can have tax implications.  So make sure you understand how taxes and investing work before making a withdrawal.

If you’re concerned about overdraft fees, consider turning off automatic Round-Ups®. You can review them manually instead. Here's more information on the difference between automatic and manual Round-Ups®. 

Or, you could make one-time investments instead. Here are a few other ways to contribute to your account.

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