How do I pause and allow transfers?

Article author
Jennifer
  • Updated

How to pause your transfers 
When to stick with it 

A simple way to stop adding money to your Acorns investment accounts is to pause your transfers and recurring investments. This means the money won't move from your main bank account to Acorns for a while. When you want to start investing again, you can turn transfers back on, and your recurring investments will start up again automatically.

 

Keep in mind, that pausing transfers doesn't stop any money that's already on its way to Acorns, and you'll still be charged for your subscription. If you want to cancel your Acorns subscription, here's how to do it.

 

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: If you pause your transfers and recurring investments, it won't stop any that are already on the way, and you'll still get charged for your Acorns subscription. 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 go back to where you paused them and switch "Allow Transfers" back 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. When you're thinking about whether to pause your investing, start by looking at your money goals. If keeping your money invested or adding more fits with your long-term plans, you might want to stick with it. If you're someone who invests regularly but needs to adjust your spending, you could try lowering how much you invest each time for now.

 

Here's why it might be smart to keep going: when the market isn't doing well, stocks are often cheaper to buy. That means the money you put in could can work even harder for you over time — in the past, the U.S. market has always gone up after a rough patch. So, people 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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