How do I pause and allow transfers?

Article author
Jennifer
  • Updated

How to pause your transfers 
When to stick with it 

An easy way to pause your investments or contributions to your Acorns investing accounts is to pause your transfers and recurring investments— this way, you won't need to update each of your investment settings when you're ready to start investing again. 

Pausing your transfers means any future transfers and recurring investments from your linked primary checking account to your Acorns accounts will be stopped. 

Then, when you're ready to turn your transfers back on, any Recurring Investments and other automatic features will start back up again.

Heads up: pausing your transfers and recurring investments doesn't cancel any transactions that are already in progress, and your subscription will still be billed. Here's how to cancel your Acorns subscription.

How to pause your transfers

Here's how to pause your transfers:

From your Acorns app:

  1. Log in to your account
  2. From your home screen, tap the profile icon in the top left corner
  3. Tap "Settings"
  4. Tap "Linked accounts"
  5. Toggle the "Allow Transfers" button off
  6. Confirm your selection in the pop-up

From acorns.com:

  1. Log in to your account
  2. From your home page, click the profile icon in the bottom left corner
  3. Under "Personal Settings," click "Linked accounts"
  4. Toggle the "Allow Transfers" button off
  5. Confirm your selection in the pop-up

When you're ready to start your transfers again, just navigate back to the same spot and toggle "Allow Transfers" on.

When to stick with it

It's normal for the stock market to go up and down, but in the moment, dips can feel scary. But pausing your investments might actually lead to a missed opportunity. 

 

When you're deciding if pausing your investing is the right move for you, start by reviewing your money goals. Consider leaving your money invested, or even investing more, if it aligns with your long-term goals. If you're a Recurring Investor but need to make some adjustments to your budget, you could also consider temporarily adjusting your Recurring Investment so you're still contributing, but putting a little less in.

 

Here's why it could be worth figuring out a way to stick with it: when the market is in a downturn, many stocks are priced lower. So, money you invest can work even harder for you over time — historically, the U.S. market has always gone up after a downturn. What this means is investors who kept their money invested likely benefited. 


To learn more about investing during market turbulence, check out Learn in your Acorns app.

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