Stash App Review 2023: Investment App Pros and Cons

Stash is an investing app that lets you pick your own stocks and ETFs, or take an automated hands-off approach.
Best for
  • New investors
  • Young investors
  • Investment + banking option¹
Overall Rating 5
The Penny Hoarder Overall Rating
Fees starstarstarstarempty star
Investment options starstarstarstarstar
Ease of use starstarstarstarstar
Customer service starstarstarstarstar

Reviewed by Molly Moorhead, CFP®
Stash App Review 2021
Stash App Review 2021
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Micro-investing apps aim to make investing more inclusive, easier to understand and less intimidating.

The Stash app is a popular choice for new investors because it lets you begin investing with just $5.

Stash can create a diversified investment portfolio for you based on your financial goals and risk tolerance, offering a user-friendly way to kickstart your investment journey.

Or you can pick from more than 3,000 individual stocks, exchange-traded funds (ETFs), bonds and cryptocurrency if you want a more hands-on approach.

Trying to decide if Stash is right for you? To help you make the best choice, we’ve reviewed the app ourselves.

What Is Stash?

Stash Financial Inc. is a New York City-based financial services company that lets you  incrementally put small sums of money into an investment portfolio. That’s a tactic known as micro-investing.

Former Wall Street pros Brandon Krieg and Ed Robinson founded Stash in 2015 with the goal of helping everyday people create a more secure financial future.

The company operates both a website and a mobile app. Stash offers retirement, banking, individual brokerage and custodial accounts with a monthly flat-fee subscription model.

It also offers personal finance education and an automated investing option.

Stash has become one of the most popular micro-investing apps in the United States with over 6 million users in 2022. Stash was last valued at $1.4 billion in 2022.

How Does Stash Work?

Stash works by helping you start investing small, manageable amounts of money. You simply pay for a plan, deposit $5 or more (the minimum to invest), and then get started.

You can choose to pick your own investments or opt for a Stash Smart Portfolio, which  designs a portfolio based on your financial goals.

In this Stash review, we address the different investment accounts the app offers, pros and cons, pricing and more.

How to Sign Up

You can easily sign up with Stash by visiting the website or downloading the app.

Stash doesn’t require customers to deposit a minimum amount of money to open an account, but you’ll need at least $5 to start investing. Once your account is up and running, you can invest smaller increments (like 5 cents or less).

You’ll need to provide some personal information during the sign-up process, including your legal name and birth date. (You must be at least 18 years old to use Stash). You also must provide your Social Security number to prove you’re a legal U.S. citizen.

Next, you’ll be asked to answer a few questions to help Stash gauge your risk tolerance: conservative, moderate or aggressive.

Once that’s done, you can take a moment to get familiar with the app.

How Much Does Stash Cost?

Stash offers two subscription plans that charge monthly fees. There are no trading fees or commission fees.

Stash Growth: $3 per month

The Stash Growth plan costs $3 per month and gives you access to a personal portfolio investment account, a Stash bank account and debit card, retirement investing account, and the Smart Portfolio automated investing feature.

Stash+: $9 per month

Stash+ costs $9 per month, and gives you access to two custodial investment accounts for children. Stash+ members get a fancy metal debit card and earn double Stock-Back® rewards, a program that lets you earn pieces of stock when you shop. You can also opt in to $10,000 worth of life insurance offered by Avibra.

Stash’s flat monthly fee is unlike some other robo-advisors and online brokers, which charge a management fee as a percentage of your portfolio balance.

For example, Wealthfront charges a 0.25% annual management fee for its investment accounts. So, if you had $1,000 in your Wealthfront investment account, you’d pay just $2.50 a year in management fees.

This can make Stash’s monthly fees a drawback for users with low account balances.

However, the fixed-cost $3 model is more affordable if you invest a significant amount of money as your portfolio value goes up but your fees don’t.

Overall, the price of Stash Growth is a little hard to swallow. Paying $36 a year to access an IRA and an automated portfolio is expensive compared to other online brokers.

And paying more than $100 a year for Stash+ just to get two custodial investment accounts and $10,000 of life insurance is honestly a bad deal for the average investor.

Want to shop around? Here’s our round-up of the best micro-investing apps.

How Stash Invests Your Money

Stash gives you a few ways to start investing. One is a hands-on, DIY experience while the other takes a more automated approach.

Stash previously only allowed users to purchase their own individual investments without guidance. That changed in March 2021, when the company rolled out Smart Portfolio, its automated, robo-investment feature.

  • Pick your own investments. All Stash users get the option to pick and choose from more than 3,000 stocks, bonds, exchange-traded funds and cryptocurrencies. Stash also offers “Curated Collections” or bundles of assets from similar industries and sectors, such as health care and technology. It also offers recommendations to help you achieve a balanced portfolio.
  • Smart Portfolios. Smart Portfolio takes the guesswork out of investing by putting your dollars into a predetermined diversified portfolio that matches your risk tolerance. Automated portfolios are made up of ETFs that give you exposure to U.S. and international stocks, along with U.S. and international bonds. Smart Portfolios will also periodically rebalance your portfolio for you ​if it drifts 5% away from its target asset allocation.

Where Your Money Goes

Stash lets you buy stocks and ETFs, or exchange-traded funds, which bundle numerous stocks or bonds into a single fund.

Stash also offers a limited selection of eight cryptocurrency assets, including bitcoin and ethereum.

Stash invests your money using fractional shares, which are tiny pieces of stocks or ETFs. Fractional shares let you start investing in more expensive stocks — such as Apple, Tesla or Amazon — even if you don’t have enough cash to buy an entire share at first.

Fractional share investing starts at 1 cent and is available for every investment account on the Stash platform.

Round-ups are another way to micro-invest with Stash. After linking a credit or debit card, Stash will round your purchases to the nearest dollar and invest the difference. It’s an easy and painless way to invest without thinking about it.

Stash also gives you the option to automatically reinvest dividends back into your portfolio, keeping your money working at all times. You can enable this feature on any Stash investing, retirement or custodial account.

How to Research and Select Your Investments

The “Invest” button on the app’s bottom toolbar lets you explore your investment options.

You can look up specific stocks or ETFs in the search box, or if you want some guidance, Stash can offer suggested investments for you. Tap “Get Recommendations” to get feedback on how to better diversify your portfolio and manage your risk.

Another option is to search different company categories, such as energy, finance, media and technology.

Stash renames many of the ETFs with descriptive titles that make it easy for new investors to understand what’s inside. For example, the Vanguard Emerging Markets Stock Index Fund (VWO) is titled “Up & Coming” while the SPDR Health Care Select Sector (XLV) is titled “Doctor, Doctor!”

You can read a brief overview of any investment, peep the risk level, and if you’re looking at an ETF, see a list of its top company holdings. You can tap over to the performance section for a visual representation of the asset’s past performance.

Once you choose your investments, select “Add to Portfolio.” You’ll be prompted to select how much you want to invest — whether with a one-time purchase or a scheduled, recurring investment.

As time goes by, you can check in on your investments by visiting your portfolio’s home page. Your Stash investment page breaks down your portfolio’s total value and total return.

More Stash Features

Invest, Stash’s personal taxable brokerage account, is the company’s flagship feature.

However, the Stash app has expanded its services over time, giving you additional ways to build your financial foundation.

Stash Review: Services and Features

Feature Details

Account minimum

$0 to open, $1 to invest

Account management fees

$3 or $9 per month

Portfolio mix

Stock and bond ETFs

Socially responsible portfolio options

ETFs available

Retirement account options

Traditional or Roth IRA

UTMA/UGMA options

Available with Stash+

Tax strategy

No tax loss harvesting

Automatic rebalancing


Human advisor option


Bank account/cash management account

Checking w/ no overdraft

Customer support

Call 800-205-5164


All Stash subscribers get access to two automated saving and investing tools called Auto-Stash. This can help set your finances to autopilot, so you don’t have to actively deposit money into your account.

You can enable or turn off Auto- Stash at any time.

Auto- Stash includes:

  • Set Schedule: Automatically save and invest money by setting up recurring transfers from your linked account to your Stash portfolio on a daily, weekly or monthly basis. With this feature, you can set aside money into your cash balance, or into any investments inside your personal portfolio. You can also use Set Schedule to fund your Stash retirement and custodial accounts.
  • Round-Ups: With this feature, Stash will round-up your purchases to the nearest dollar each time you spend with the debit card associated with your linked checking account. If you buy something on Amazon for $12.50, you’ll get charged $13 with that extra 50 cents directed to your Stash portfolio. ​​Once your spare change reaches $5 or more, Stash will transfer the money to your personal investment account cash balance. From there, you can invest it into any of the assets inside your portfolio.
Auto-Stash used to include a feature called Smart-Stash, which automatically transferred small amounts from your checking account to the app. It was phased out in 2021 and is no longer available.


Stash Retire is the app’s individual retirement account (IRA) option. Through Stash, you can open a traditional or Roth IRA to save for retirement in a tax advantaged account. You can fund your Stash Retire account the same ways you fund a Stash Invest account.

However, Stash doesn’t offer automated management for IRAs, so you’ll need to pick your own investments.

Custodial Accounts

Stash lets you open custodial accounts for minors, whether you’re their parent or not.

A custodial account is essentially a brokerage account for kids, with some investing and tax benefits.

These investment portfolios are technically known as Uniform Gifts to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA) accounts. Different states typically allow one or the other, so Stash will pick the type of account that meets your state’s requirements.

You can fund custodial brokerage accounts the same ways you fund a personal Stash Invest account. When the child reaches the age of majority (this varies by state, but it’s usually 18 or 21), they get control of the account, and can continue to invest or withdraw the money.

The $9 per month Stash+ subscription lets you open up two custodial accounts for minors. It’s more expensive than Acorns, which gives you access to multiple custodial accounts for $5 a month.

Stash Banking Account and Debit Card

All Stash subscribers can open a bank account through the company’s partner, Stride Bank. Previously, Stash partnered with Green Dot Bank.

The FDIC-insured digital bank account has no overdraft fees, minimum balance or monthly maintenance fees.

You also get mobile check deposits, bill pay and check writing services with your Stash debit account.

Stash bank accounts come with a Mastercard debit card linked to your account. You’ll also get access to over 55,000 fee-free ATMs nationwide with your Stash debit card.

Stock-Back Rewards

Stash lets you earn stock investments while you shop.

When you use your Stash Mastercard debit card, you’ll earn Stock-Back® rewards, which are small pieces of stocks related to your purchase. For example, if you shop at Walmart, you’ll earn a piece of Walmart stock.

When you buy from a company that doesn’t have publicly traded stock — like your local hardware store — the Stash Stock-Back program will invest a certain percentage into a stock or ETF of your choice.

You’ll earn 0.125% stock on everyday purchases, and up to 5% with certain merchants. Stash+ account users earn 1% stock.

You’ll receive the Stock-Back debit card when you open and fund a Stash cash management account, which is available to all paid subscribers.

How to Withdraw Money and Close Your Stash Account

To take money out of your Stash investment account, you may have to sell some of your stocks or ETFs.

To sell investments in the app:

  1. Select the investment you want to sell.
  2. Click “Sell.”
  3. Select either “Sell” to sell a portion or “Sell All” to sell the entire amount.
  4. To sell a portion, enter the amount you want to sell, then hit “Next.”
  5. Select “Confirm Changes.”

You can set investments to sell anytime, and Stash will execute your sell order when the market is open. The amount you get from the sale depends on the value of your asset during that selling window.

After that, Stash will release your money into your cash balance.

Keep in mind — and this is really important — selling stocks isn’t like withdrawing money from the bank.

if you sell when a stock is worth less than when you bought it, you’ll lose money. There’s also tax consequences, especially if you sell an asset you’ve owned less than one year.

And if you withdraw money from your Stash retirement account — especially a traditional IRA — you’ll get slammed with a 10% penalty from the IRS if you’re under the age of 59.5.

In general, it’s best to hold stocks over the long term.

Curious about the best time to sell a stock? Here are 3 good reasons and 3 not so good reasons to sell.

But if you decide to sell, follow these directions to properly close your account.

If you have a question the Stash FAQ page can’t answer, you can contact the company’s support team via phone or email Monday through Friday, 8:30 a.m. to 6:30 p.m. ET.

Their customer support phone number is 800-205-5164 and their email address is [email protected]. Email support is also available on weekends from 9 a.m. to 5 p.m.

Pros and Cons

Every investment app has its pros and cons. Here are some of the advantages and drawbacks of Stash.

  • There is no investment minimum, and you can start investing with as little as $1.
  • No add-on commission fees.
  • ETFs are broken down by category, so you can see exactly what types of companies you’re investing in, and make decisions based on your interests or beliefs.
  • Educational tools and resources.
  • Auto-Stash helps you automatically invest via round-ups and recurring transfers.
  • You get the option to bank,¹ invest and save money for retirement in a single app.

  • Stash costs between $3 to $9 per month to use. When you compare that to your returns, especially if you have a small account balance, the monthly fee might not be worth it.
  • Stash Smart Portfolios don’t offer tax loss harvesting, an investment strategy that helps reduce your yearly tax burden.
  • The app doesn’t offer access to a human financial advisor or live investment advice.
  • Investing involves risk. Even though you’re investing small amounts of money, you’re still playing with the stock market, so it’s possible to lose money.

You’ve heard of Acorns. You’ve heard of Stash. Here’s how they stack up.

Frequently Asked Questions (FAQs) About Stash App

There are a lot of questions about the Stash app and we’ve answered the most common to help you decide if this investment platform is right for you.

Is Stash Legitimate?

Yes, Stash is legitimate, and no, it’s not a scam. The app is all about security, too. It has 256-bit encryption (that’s what a lot of banks use), and you can set up fingerprint or facial recognition access.

When you open an account, you’ll create a four-digit security code, which you’ll be required to enter each time you open the app. You can set up thumbprint access, too.

Can You Make Money With Stash?

Yes. You’ll earn money as your investments gain value over time. Customers with a Stash Mastercard debit card can also earn 0.125% stock on everyday purchases and up to 5% in stock at certain retailers. Finally, Stash also offers referral bonuses to users who get their friends and family to sign up for the app.

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.

You can adjust your Auto-Stash settings or turn them off completely at any time.

Can I Trust Stash With My SSN?

Yes, you can trust Stash with your Social Security number. As a financial institution, Stash is required by law to obtain, verify and record this information. The company also needs your SSN to prepare an annual tax reporting form for you.


Rachel Christian is a senior writer for The Penny Hoarder. Contributor Whitney Hansen updated this review.

This article contains general information and explains options you may have, but it is not intended to be investment advice or a personal recommendation. We can't personalize articles for our readers, so your situation may vary from the one discussed here. Please seek a licensed professional for tax advice, legal advice, financial planning advice or investment advice.