How long does it take to withdraw money?

Article author
Alexander G.
  • Updated

How withdrawals work with the stock market 

Important information about withdrawals

If you're looking to withdraw from your Acorns Checking account, you can make that transfer anytime you want, with no penalties. These transfers can take 1-3 business days to fully process. 

But if you're withdrawing money from your Invest, Early, or Later account, Acorns will need to sell your shares first. It can take 3-6 business days for withdrawals from your Acorns investment accounts to be fully reflected in your bank account.

How withdrawals work with the stock market

If you make a withdrawal request from your Acorns Invest, Early, or Later account before 11am PT on a day the stock market is open, the request — also known as a "sell order" — is usually processed the same day. 

If your request was made after 11am PT on a market day or on a day the market is closed, like the weekend, Acorns will sell your shares the following market day. 

Then, we're required by federal regulations to include a mandatory 2-day settlement period before we can start processing your request.

Important information about withdrawals

It's important to know that there can be tax implications when you make a withdrawal. Also, a withdrawal can "lock in a loss" — what that means is if you sell any investments during a market dip, you aren't giving them the chance to recover. And throughout history, we've seen every U.S. market downturn end in an upturn. Long-term investors who stick with it may very well give their money a better chance to recover and grow over time.

You may want to consider pausing your investments instead.

If you make a withdrawal, you may receive important tax forms from Acorns that you'll need for filing your taxes. We'll email you more information when it's close to tax time, or you can check for tax forms under Settings.

Your tax situation is unique, so you may want to consult a tax advisor or visit with any questions before making a withdrawal. Acorns doesn't provide tax advice, but if you have any questions or issues with your withdrawal, please contact us.

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