How do I make a withdrawal from an Early Invest account?

You can easily withdraw funds from an Early Invest account, but the funds should be used to benefit the child. These are the rules of a UGMA/UTMA, the account type for an Acorns Early Invest account. 

Examples of acceptable ways to use the funds include, but are not limited to:

• Education 
• Housing
• Transportation
• Extra-curricular activities
• Medical attention 

How to withdraw funds from Acorns Early Invest:

1. Open your Acorns app
2. Select the child’s name from your home screen
3. Tap the “Withdraw” button
4. Follow the easy prompts 

The funds should transfer to your linked, primary checking account.

Heads up: It’s a good idea to consult with a tax advisor before withdrawing funds from any investment account, as there may be tax implications.

Before you withdraw the funds, here are a few tips from expert investors to keep in mind:

1. Investing is a marathon, not a sprint. Refer to the money goals you established for the child, and determine how withdrawing may impact those goals.
2. The market moves up and down. When you see a dip in balance or performance, remember that even through its many historical dips, the U.S. stock market has grown 8% on average per year.
3. Historically, investing early and often has been a proven strategy. Though past performance can’t predict future returns, history is a good teacher. Consider keeping the funds invested, or withdrawing only what you absolutely need to benefit the child at the time.

For more on top investing tips and strategies, check out Acorns Learn in your app, or online here. 

Grow your oak!

Important Disclosures & Information

All investments involve risk, including loss of principal.

All references to “the market” refer to the S&P 500. The S&P 500 Index is a weighted index of 500 leading publicly traded companies in the U.S and often used as a market benchmark. References to total return include the reinvestment of dividends and results are not adjusted for inflation. Approximation of historical average annual total return for the market based on market performance from 12/30/1927 to 5/8/2023. It is not possible to invest directly in an index. Unmanaged index returns do not reflect any fees, expenses or sales charges. Past performance is no guarantee of future results.