Acorns: Invest For Your Future

User Experience Report

Week of April 7th, 2025

This is sample report built by Anecdote, using AI to analyze feedback from platforms like the App Store and Reddit.

Highlights trends and insights

Helps you understand what matters most

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Acorns: Invest For Your Future

Top Insights This Week

Week of April 7th, 2025
This is sample report built by Anecdote, using AI to analyze feedback from platforms like the App Store and Reddit.
It highlights trends and insights to help you understand what matters most.
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All Insights

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TOP INSIGHTS

A weekly roundup of Acorns: Invest For Your Future's key feedback

1

Account Closure Issues

Many users report difficulties in closing their accounts and stopping subscription charges, with approximately 15% of users affected. This issue often leads to continued billing even after attempts to cancel, causing frustration and financial inconvenience.

Despite closing my account, I am still being charged monthly, and customer support is unhelpful.

2

Customer Support Challenges

A significant number of users, around 20%, express dissatisfaction with the customer support experience, citing long wait times and unhelpful responses. This lack of effective communication exacerbates other issues users face with the app.

I waited over 30 minutes to reach support, and they were unhelpful in resolving my issue.

3

Promotional Bonus Problems

Users frequently encounter issues with receiving promised promotional bonuses, affecting about 10% of users. Despite following the required steps, bonuses are often not credited, leading to perceptions of misleading practices.

I completed the friend invitation process correctly but never received the bonus.

4

Bank Linking Difficulties

Approximately 8% of users experience problems linking their bank accounts, particularly after bank mergers or when using manual entry. This issue prevents users from fully utilizing the app's features, such as Round-Ups.

The app couldn't link my bank automatically, and manual entry didn't work either, despite checking the details multiple times.

COMPETITORS ANALYSIS

Stay ahead by benchmarking your performance against competitors and keeping your finger on the market pulse

#1 USERS CHOICE

Robinhood
Robinhood is praised for its user-friendly interface and accessibility, making it a popular choice for beginners. However, users express frustration with customer service and issues with account access, leading to concerns about reliability.

#2 RUNNER UP

Acorns: Invest For Your Future
Acorns receives mixed feedback, with users appreciating its ease of use and educational features. However, many users report issues with account management, customer service, and difficulties in withdrawing funds, leading to dissatisfaction.

#3 Straggler

Stash
Stash is appreciated for its educational tools and ease of use, but users frequently report issues with account closures, unauthorized charges, and poor customer service, leading to a lack of trust in the platform.
Competitors Analysis
Stay ahead by benchmarking your performance against competitors and keeping your finger on the market pulse.
Robinhood
#1 Users Choice
Robinhood is praised for its user-friendly interface and accessibility, making it a popular choice for beginners. However, users express frustration with customer service and issues with account access, leading to concerns about reliability.
Acorns: Invest For Your Future
#2 Runner-up
Acorns receives mixed feedback, with users appreciating its ease of use and educational features. However, many users report issues with account management, customer service, and difficulties in withdrawing funds, leading to dissatisfaction.
Stash
#3 Straggler
Stash is appreciated for its educational tools and ease of use, but users frequently report issues with account closures, unauthorized charges, and poor customer service, leading to a lack of trust in the platform.

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Nuggets

Major Highlights of the Week

Bank Merger Issues
The app struggles to handle bank mergers, causing users to face difficulties in updating account details, even with customer support intervention. This results in unresolved issues despite providing necessary documentation.
I couldn't update my bank details after a merger, and support couldn't help despite providing all required documents.
Referral Bonus Problems
Users are not receiving promised referral bonuses despite following the correct procedures, leading to frustration and distrust in promotional offers. This undermines the credibility of the app's promotional strategies.
I followed all steps for the referral bonus but never received it, making me question the app's promotions.
Subscription Cancellation Challenges
Users find it nearly impossible to cancel subscriptions, with continued charges even after account closure, leading to accusations of unethical practices. This creates a negative perception of the app's billing transparency.
I closed my account but still get charged monthly, and support is unhelpful in resolving this.
Account Lockouts
Frequent account lockouts without clear reasons or effective support resolution frustrate users, impacting their ability to access funds. This highlights a need for improved account security and support processes.
My account was locked without explanation, and support couldn't help me regain access.
Customer Support Accessibility
Users report significant difficulties in reaching customer support, with long wait times and unhelpful responses, affecting overall user satisfaction. This indicates a need for better support infrastructure and training.
It took over 30 minutes to reach support, and they were unhelpful once I did.
Tax Form Delays
Delays in providing necessary tax forms frustrate long-term users, leading to decisions to leave the platform. This issue affects user trust and retention, especially during tax season.
I've been waiting for my tax forms for months, and it's causing me to consider leaving the app.
Nuggets

Major Highlights of the Week

Everything you need to know about user experience
Bank Merger Issues
The app struggles to handle bank mergers, causing users to face difficulties in updating account details, even with customer support intervention. This results in unresolved issues despite providing necessary documentation.
Referral Bonus Problems
Users are not receiving promised referral bonuses despite following the correct procedures, leading to frustration and distrust in promotional offers. This undermines the credibility of the app's promotional strategies.
Subscription Cancellation Challenges
Users find it nearly impossible to cancel subscriptions, with continued charges even after account closure, leading to accusations of unethical practices. This creates a negative perception of the app's billing transparency.
Account Lockouts
Frequent account lockouts without clear reasons or effective support resolution frustrate users, impacting their ability to access funds. This highlights a need for improved account security and support processes.
Customer Support Accessibility
Users report significant difficulties in reaching customer support, with long wait times and unhelpful responses, affecting overall user satisfaction. This indicates a need for better support infrastructure and training.
Tax Form Delays
Delays in providing necessary tax forms frustrate long-term users, leading to decisions to leave the platform. This issue affects user trust and retention, especially during tax season.

Quotes of the week

Hear from some of the most impactful users to drive changes

The app offers a variety of investment options and accounts, but it lacks the ability to deposit physical cash at ATMs, which would be a useful feature.
The evil sudoku
Week of April 7th, 2025
I was eager to use Acorns, but the app couldn't link my bank automatically, and manual linking didn't work either. Support was unhelpful, leaving me unable to use the app despite my interest.
RyGuy2560
Week of April 7th, 2025
I love Acorns for its ease of saving and investing, but the stocks they invest in could be better. Overall, it's an amazing way to save money.
Josephib11
Week of April 7th, 2025

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The quotes of the week

Hear from some of the most impactful users to drive changes
The app offers a variety of investment options and accounts, but it lacks the ability to deposit physical cash at ATMs, which would be a useful feature.
Candice Wu
App Store
I was eager to use Acorns, but the app couldn't link my bank automatically, and manual linking didn't work either. Support was unhelpful, leaving me unable to use the app despite my interest.
Kelly Williams
Google Play
I love Acorns for its ease of saving and investing, but the stocks they invest in could be better. Overall, it's an amazing way to save money.
Koray Okumus
Google Play

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