Can stash be trusted?
Is Stash a legit app? Yes, Stash is an app that provides a lower barrier to entry for individuals who want to start investing. The app also comes with a bank account backed by Green Dot Bank. Stash is a registered investment advisor with the U.S. Securities and Exchange Commission (SEC).
Does Stash Steal Your Money? Stash doesn't “steal” your money, but if you have the Auto-Stash feature turned on, the app will automatically round-up purchases made with a linked debit card and/or make scheduled recurring transfers. But that money goes into your portfolio — so it's still yours.
The amount you earn with Stash is going to depend completely on you. The more you invest and the better your investments do, the more you can earn. As a reminder, investing involves risk. There are no guarantees and while your investments have an opportunity to gain value over time, they also may lose value.
Overall, Stash has enough good features that make it a worthwhile option. If you need some help getting started investing, then Stash can be a good place to start your journey. However, the relatively high fees make it less attractive to experienced investors.
There are four factors that may impact your ability to transfer out of your Stash Invest personal portfolio: Invested funds: If you want to transfer money you've invested, you'll need to sell those investments first. Unsettled sales: Funds from an investment sale will take 2 business days to settle.
It sounds like you either have Auto-Stash or Smart-Save turned on. Auto-Stash is Stash's automatic investment tool. It runs on a set schedule, so head to the app and adjust the timing or turn off Auto-Stash if you'd like to stop automatic deposits/investments.
Robinhood and Stash both appeal to DIY investors. Robinhood offers free trading and appeals more to active investors, while Stash offers far more educational content and the option for a managed portfolio.
With a successfully linked external bank, you are able to transfer money into Stash. The external bank appears as an option in Transfers. In some cases, you'll need to provide documentation in order to change your external bank account within 60 days. Please remember, we do this to protect you and us from fraud.
We're all about transparency. Unlike other investment apps, we don't have overdraft charges 2 or hidden transaction fees†—just a flat monthly subscription ($3 or $9 per month) for access to all your money needs.
How to Make Money With Stash. Stash makes money by turning your transactions into investments. Stash offers a low-cost monthly subscription plan (less than $5/month) to get started and with that, you can also pick up a Stash debit card for additional rewards.
Why does Stash need my SSN?
Stash takes safeguarding your personal information very seriously—we use it only for identification purposes, and we never perform credit checks. As a financial service institution, we're required by law to obtain, verify, and record identification information.
The investments you make with Stash are taxed the same way as any other investment. This means you will need to pay taxes on money you make through capital gains, dividends, and income interest.
Stash is best for beginners who want automatic investing options with freedom to choose investments. With fractional shares, subscribers can invest in thousands of securities at any dollar amount. Its fees start at $1, which may be higher than fees charged by other apps for small balances.
| Stash Invest | |
|---|---|
| Product Name | Stash |
| Min Investment | No investing minimum¹ |
| Subscription Fees | $3/mo or $9/mo |
| Account Type | Traditional IRA, Roth IRA, Taxable, Custodial |
What happens if I close my Stash Account? When you close your Stash account, all of the investments you are currently holding will be sold. Stash will refund your money to the bank account you have linked to Stash before. It will take two business days to get this refund into your bank account.
Here is a sample of the banks that are supported on the platform currently: Arvest Bank, Bank of America, BB&T, Capital One, Capital One 360, Charles Schwab, Chase, Citi, Desert Schools Federal Credit Union, Fidelity, First Hawaiian Bank, Golden 1 Credit Union, Navy Federal Credit Union, PNC, Randolph Brooks Federal ...
The maximum you can withdraw from Stash banking accounts at an ATM or Teller is $500 every 24 hours. The daily spend limit is $10,000 per day. Fees may apply. Daily withdrawal and cash limits apply.
How long do cash outs take? When you cash out all or part of your Stash, the transaction is sent to your bank immediately. However, the money may take up 7 working days (usually a lot quicker than that) to reflect in your bank account.
| Type | Private |
|---|---|
| Founder | Brandon Krieg Ed Robinson David Ronick |
| Headquarters | New York City, New York , United States |
| Products | Investment management, investment portfolios, stock portfolios, stock trading |
| AUM | $2 billion (2020) |
- Log into your account.
- Go to your name in the top right corner.
- Select 'Subscription' on the left hand side.
- Click on 'Manage' next to your subscription plan.
- Select 'Close my Stash for good' at the bottom of the page.
What app is better than Stash?
In general, Stash is most likely to appeal to DIY, hands-on investors, while Acorns tends to be a better fit for investors who want to outsource management of their investments.
Stash Status. No incidents reported today.
Stash is selecting stocks we believe are suitable for and of interest to our users. This means sometimes a stock you may be thinking about buying may not be available yet. Unfortunately, we can't give a timeline on when a specific stock will be added, but check back regularly! Was this answer useful?
Is there a limit on how much I can direct deposit into my Stash banking account? The maximum balance you can have on your account at any time is $50,000.
From the Stash app: If you make a transfer through the Stash app, Stash sends an electronic request to your external bank. It takes two to four business days to get confirmation from your other bank and move the money.
- High-yield savings accounts. This can be one of the simplest ways to boost the return on your money above what you're earning in a typical checking account. ...
- Certificates of deposit (CDs) ...
- 401(k) or another workplace retirement plan. ...
- Mutual funds. ...
- ETFs. ...
- Individual stocks.
Stash takes safeguarding your personal information very seriously—we use it only for identification purposes, and we never perform credit checks. As a financial service institution, we're required by law to obtain, verify, and record identification information.
Stash: 2022 Comparison. Robinhood and Stash both appeal to DIY investors. Robinhood offers free trading and appeals more to active investors, while Stash offers far more educational content and the option for a managed portfolio.
Can I close my Stash Account at any time? Yes, you can close your Stash account at any time from your account on the Stash website. For more information, reach out to the Stash support team.