How do I withdraw funds from my Acorns Invest account?

Article author
Alexander G.
  • Updated

How to withdraw your Acorns Invest funds

What happens to my money when I make a withdrawal request?

Important tax information

You can withdraw funds from your Acorns Invest account anytime — withdrawing funds means we'll sell assets and transfer you the balance. 

But it's important to know that in addition to having potential tax implications, 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.

How to withdraw your Acorns Invest funds

First, make sure you have a verified checking account linked to your Acorns account so we can transfer your money. Here's how to see your linked accounts.

Then, you can make a withdrawal from your Acorns app or from acorns.com.

  1. Sign in to your Acorns account
  2. Tap or click on "Invest"
  3. Choose the "Withdraw" option
  4. Enter the dollar amount you would like to withdraw
  5. Under the dollar amount, there is an option to select the bank account you'd like your funds to be transferred to. Select the desired account.
  6. Tap or click on "Review"
  7. Follow the prompts to confirm your selection

Please note that a withdrawal doesn't close your account nor cancel your Acorns subscription. 

Here's how to close your Invest account and here’s how you cancel your Acorns subscription.

What happens to my money when I make a withdrawal request?

When you make a withdrawal request from your Invest account, Acorns will sell your shares. It can take 3-6 business days for withdrawals to be fully reflected in your bank account.

If you make a request to sell your shares 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 tax information

There can be tax implications when you make a withdrawal. For example, you may owe tax when you sell investments at a profit (also called "capital gains") or you may incur a loss when you sell your investments (also called a "capital loss"). You can learn more about capital gains here.

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 please consult a tax advisor or visit www.irs.gov with any questions before making a withdrawal. Acorns doesn't provide tax advice, but if you're having issues withdrawing funds or receiving an error, please contact us

Related questions:

Looking to withdraw funds from our other products? Here's how.

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