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- Offers “micro-investing,” allowing you to invest in fractional shares of over 400 stocks and bonds
- Available via mobile and desktop
- Includes auto- and round-up investing options
- Custodial investment accounts (UGMA/UTMA) for up to two children (available with premium accounts)1
- The rewards program offers investments in stocks like Amazon, Walmart, and more
|Invest In||Asset class based ETFs|
|Monthly Fees||$1, $3, or $9 depending on the services needed|
|Promotion||Instantly receive $5 to invest & first month free after opening an account|
|Best For||Long-term investments, asset class-oriented portfolios|
“Micro-investing” has exploded in recent years, allowing even the most inexperienced investors to get in on the market and start building wealth for the future. With low account minimums, lots of hand-holding, and a tech-friendly approach, micro-investing platforms are ideal for new investors and those looking to learn more about investing in general.
The Stash app is one of these platforms, letting users buy fractional shares of more than 400 stocks, bonds, and exchange-traded funds (ETFs)2 while also giving them helpful guidance, education, and market insights along the way. If you’re interested in trying your hand at the stock market for the first time, Stash may be able to help. Read this Stash review to see if it’s the right fit for you.
In this review:
- Stash Invest: Comparison
- Pros and cons of Stash Invest
- Getting started with Stash
- Where to find Stash alternatives
Stash Invest: Comparison
|Stash Beginner||Stash Growth||Stash+|
|Custodial Accounts (UGMA/UTMA)1||No||No||Up to 2|
|Debit Card Rewards||Yes||Yes||Yes|
|Monthly Market Insights Report||No||No||Yes|
Stash Beginner is Stash’s entry-level tier. You get your own personal investment account and a debit account6, and you can even earn Stock-Back® rewards7 for your purchases. Depending on where you shop, this could mean earning stock rewards in companies like Chipotle, T-Mobile, Amazon, and more.
You’ll also get access to Stash Learn, the app’s collection of educational guides, and Stash Coach, a challenge-based learning engine to help you become more comfortable with investing.
Stash Growth is the middle-tier plan, and it includes all the perks of the Beginner tier, but with a retirement account5 thrown in there as well. You can choose from either a Roth IRA or a Traditional IRA. For 2020 you can contribute up to $6,000 toward the account (if you are under the age of 50).
Stash Growth also includes the app’s auto-stash feature, which lets you automate your purchases and set aside investment money seamlessly. This feature is part of every Stash plan and is good for anyone who wants to start building their wealth and planning for the future.
Stash+ can be a good option if you’re a parent. This plan offers all the features of both Stash Beginner and Stash Growth, but it also includes two custodial accounts1 so you can invest on your kids’ behalf.
The Stash+ plan also includes double the Stock-Back® rewards7 of other plans, as well as a metal debit card and a monthly market insights report to keep you updated on your investments. This plan can be your best bet if you’re saving for your future as well as the futures of your little ones.
Pros and cons of Stash Invest
- Includes educational resources and guidance at all levels
- Auto- and round-off savings can help you build up your portfolio efficiently and without much investment (Competitors like Acorns and Chime offer this as well)
- Lets you purchase small shares of many well-known stocks and bonds
- Offers retirement and custodial accounts
- Very little investment required to get started
- No hands-on investment management or advice available
- No automatic rebalancing or tax assistance
- Unless you have a high balance, the monthly fees are pretty high compared to other brokerages
Getting started with Stash
You can start your Stash account either on the app (available on iOS or Android devices) or via the company’s website at StashInvest.com. You’ll need to provide some basic information about yourself, your income, your investing goals, and your tax filing status, and you’ll also need to enter your Social Security number.
Once you’ve done all that, you can choose your Stash subscription plan. Next, you’ll link your current bank accounts, set up your auto-stash deposits, and configure your personal investment account, retirement account4, or custodial account (UGMA/UTMA)1 (or all three). As soon as those are set up, you can commence investing.
Where to find Stash alternatives
Stash is a great option if you’re new to investing or just want to learn more about it. If you want to buy into some of the market’s top stocks, it can help you do so affordably and without much investment.
That said, if you’re interested in micro-investing or just investing in general, the Stash app isn’t the only option on the market. Be sure to compare this Stash review to other investing platforms ranked in our best investment apps for micro-investing guide.
You may also be interested in how Stash compares with Acorns, Betterment, and Robinhood.
1 The adult (or Custodian) who opens the account can manage the money and investments until the minor reaches the “age of majority.” That age is usually 18 or 21, depending on the Custodian’s state. The money in a custodial account is the property of the minor. Money in a custodial account can be used by the parent or legal guardian, but only to do things that benefit the child.
2 Before investing in any exchange-traded fund, consider your investment objectives, risks, charges, and expenses.
3 You’ll also bear the standard fees and expenses reflected in the pricing of the ETFs in your account, plus fees for various ancillary services charged by Stash and the custodian.
4 For Securities priced over $1,000, purchase of fractional shares starts at $0.05.
5 Stash does not monitor whether a customer is eligible for a particular type of IRA, or a tax deduction, or if a reduced contribution limit applies to a customer. These are based on a customer’s individual circumstances. You should consult with a tax advisor.
6 Debit Account Services provided by and Stash Visa Debit Card issued by Green Dot Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Investment products and services provided by Stash Investments LLC, not Green Dot Bank, and are Not FDIC Insured, Not Bank Guaranteed, and May Lose Value. In order for a user to be eligible for a Stash debit account, they must also have opened a taxable brokerage account on Stash. Account opening of the debit account is subject to Green Dot Bank approval.
7 Stash Stock-BackⓇ is not sponsored or endorsed by Green Dot Bank, Green Dot Corporation, Visa U.S.A., or any of their respective affiliates, and none of the foregoing has any responsibility to fulfill any stock rewards earned through this program.
Investment advisory services offered by Stash Investments LLC, an SEC registered investment adviser. This material has been distributed for informational and educational purposes only, and is not intended as investment, legal, accounting, or tax advice. Investing involves risk.
LendEDU is a paid Affiliate/partner of Stash. Investment advisory services offered by Stash Investments LLC, an SEC-registered investment adviser.
Author: Aly Yale