Stash’s Smart Portfolio is a robo-advisor platform. You can earn Stock-Back® with the following merchants: Amazon, Apple, Applebees, AT&T, Baskin-Robbins, Burger King, Chevron, Coca-Cola, Comcast, CVS pharmacy, Disney, Dollar Tree and Dollar General, Geico, General Motors, Hilton Hotels, Hulu, iTunes, and many other popular publicly traded merchants. If a merchant isn’t available on the Stash platform, you’ll be rewarded with an investment that you choose as your custom stock reward. Of course, the merchant will need to be available on the Stash platform. When you spend money at a publicly traded company, you’ll earn with stock in that company. Stock-Back® can be earned with every purchase. This is similar to cash back rewards or points offered by credit cards, except you’ll earn investments instead of cash or points. When you use your Stock-Back® Card to make purchases, you can earn pieces of stock back. Once you have the app up and running, you’ll be able to deposit checks using mobile deposit, or even set up transfers from other accounts, or set up direct deposits into your account. You can sign up for the bank account either from the Stash website or mobile app. There is no fee for accessing money at one of these ATMs.
You can also use your Stock-Back® Card to access cash at more than 19,000 ATMs within the Allpoint ATM network. You’ll also get a Stock-Back® Card 1, which you can use to access your cash and make purchases, just as you would with any debit card. You can load money into your Stash banking account through your linked bank account or at any one of tens of thousands of retail locations around the country. This is a digital banking service powered by Green Dot Bank. You choose the amount and frequency of the transfer. In addition to Round-Ups, you can also use the Set Schedule feature to make automatic transfers into your investment account from your bank account. Once the spare change reaches at least $5, Stash will transfer it to your investment account. Each time you spend using a card associated with that account, the purchase amount is “rounded-up” to the next whole dollar, with the change moved your investment account.Ī $6.25 purchase will be rounded up to $7, with $0.75 set aside for investing. You connect the Stash app to a primary spending account, like your checking account. It works by investing your spare change from purchase activity. Auto-StashĪuto-Stash uses a strategy known as Round-Ups to enable you to save money to invest. Stash is primarily an investment service, but it’s also a micro-savings app that gives you the ability to accumulate the money to invest without thinking about it. Learn more about Stash How Does Stash Work? In the process, they created a savings and investment app designed to make investing both affordable and straightforward. The company’s founders, Brandon Krieg and Ed Robinson, are Wall Street veterans on a mission to change the investment status quo that they feel is stacked against ordinary investors. The app is used by more than 6 million people, referred to as “Stashers.” Table of Contentsįounded in 2015, Stash is a micro-savings and micro-investments app company based in New York City.
Stash may be the perfect platform for a new investor to begin their investment journey. But since Stash can help you learn to budget and start to invest, there’s no reason to delay any longer. A primary culprit is the lack of savings to get started.
Millions of Americans have no investments at all. Not only do they provide access to investment accounts, but they also can help you learn to begin investing. If you’ve wanted to invest but are having trouble getting started, Stash may be just what you need.
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