How long does it take to withdraw money?

How withdrawals work with the stock market 

Important information about withdrawals

We’re here to help! See below for a breakdown of withdrawal timelines per Acorns account type.

Acorns Checking: Approximately 1-3 business days to transfer funds from Acorns Checking to your linked bank account.

Acorns Invest, Early Invest, and Acorns Later: Approximately 3-6 business days to transfer funds from an investment account to your linked bank, because we have to sell some of your shares first.

Withdrawals and the stock market

If you make a withdrawal from an Acorns investment account during market open hours, the transfer typically begins to process that day. 

If you make a withdrawal when the market is closed, it will begin processing when the market reopens. We then have to wait another 2 days before we can finish your request because of a government rule known as T+2.

Important information about withdrawals

Before you proceed with a withdrawal, remember 3 key considerations:

1. There may be tax consequences when you sell your investments. We can’t provide tax advice, but it’s a good idea to consult irs.gov or a tax professional.
2. Withdrawing money during a market dip can “lock in losses”. In other words, your money won’t get a chance to recover and grow over the long-term. 
3. If you absolutely need to withdraw from your investment account, consider withdrawing only what you need. Or, you could simply pause your investments.

If you do withdraw, we may send you tax forms that you’ll need to file with your yearly taxes. We'll email you more information when it's close to tax time, or you can check for tax forms under Settings.

We hope this helps you grow your oak!