Stash Logo

AUM:

 

$2 billion

Regulated by:

 

SEC

SIPC coverage:

 

Yes

FDIC insured:

 

Yes

Editorial Rating

Stash Logo

Editorial Rating

Stash Review

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AUM:

 

$2 billion

Regulated by:

 

SEC

SIPC coverage:

 

Yes

FDIC insured:

 

Yes

Mobile app:

 

Yes

Account minimum:

 

$0

Trading fees:

 

Flat $1–$9 per month

Account Types:

 

Individual, Debit, Retirement, Custodial

Stash Logo

Editorial Rating

Stash is a well-known and respected investment platform with many features and benefits. It is ideal for beginners and makes it easy to build a portfolio. Based on Stash app reviews, it’s a good option for intermediate and expert investors as well.

Despite its intuitive design and the nice features on offer from Stash, there are some drawbacks such as high fees that might scare off beginners. Especially those who don’t have as much money to invest yet.

What Is Stash?

Stash is meant to be helpful to new investors with limited resources. It can be daunting to think about building up an investment portfolio. But when you use the Stash app or platform, you’ll find that it’s not as scary and can be fun as well.

With Stash, you get the chance to get started on a life-long investment journey without any complicated requirements or confusing language.

There is also an online banking service provided by Stash that even includes a debit card issued by Green Dot Bank.

How to Use Stash

One thing you’ll notice in many user Stash app reviews is that it’s fairly easy to use.

Signing up is as easy as going to the website or downloading the app, which is available for both Android and iOS phones.

Account requirements

The setup is simple — you have to create your account, decide on a password and provide your email address. Then you’ll be asked to give some information about yourself, such as your name and date of birth.

Stash trading is only available to US citizens and legal residents aged 18 or older. To use the app, you must prove that you’re a US citizen and provide your Social Security Number.

Trading risk levels

Once you’ve registered, you need to fill in a questionnaire that will help determine your risk tolerance for future investments.

There are three risk levels: aggressive, moderate, and conservative. Once Stash has placed you in the category best suited to you, it will give you a selection of investments recommended for your level.

We will discuss the fees a little later in this Stash review, but one thing that stands out about this trading platform is that you only need one cent to start investing.

This is why Stash can be used by absolute beginners who aren’t keen to invest a lot of money just yet.

What can you trade?

Typically, you can trade ETFs (exchange-traded funds), but you can also invest in individual stocks. There are thousands of options, and Stash will present you with choices most suitable for the risk level you’re trading on.

There are also bonds, and all stocks that you can trade when you invest with Stash are part of the US economy.

As soon as you have set up your account and fine-tuned your preferences, the automation on offer starts showing off. Your account will continue to build automatically, and you can just sit back and monitor what happens.

The Stock-Back rewards are an awesome feature that makes the platform stand out. As you build your investments, you earn rewards.

Rewards and extra features

With this cash-back program, you get 0.125% of every purchase with your Stash debit card back as a stock reward. This means you get stocks in the companies that you buy from.

More than 11 million merchants are part of this Stock-Back program, and some of them offer bonuses of up to 5% of your purchase as a stock reward. Stash+ subscribers get exclusive bonuses and 2x stock with the Stock-Back Card.

The Stash investing app also comes with built-in guidance, which helps you build your portfolio from scratch.

Stash Fees

To use Stash, you will have to pay a monthly subscription fee, and there are three subscriptions to choose from: Beginner, Growth, and Stash+.

Subscription Fee per Month Benefits
Beginner $1 Personal investment account
Debit account
Stock-Back rewards
Educational tools
Growth $3 Personal investment account
Debit account
Stock-Back rewards
Educational tools
Tax benefits for retirement investing
Stash+ $9 Personal investment account
Debit account
Stock-Back rewards
Educational tools
Tax benefits for retirement investing
Investment for 2 children
Metal debit card
Monthly market insight reports

As you can see, Stash fees aren’t so bad. However, some investors might feel that the expenses cut into their long-term returns.

The Stash+ option is ideal for investors with a little more experience and some know-how on investing. Growth doesn’t really offer many more benefits than the Beginner subscription, except tax benefits if you’re thinking of retirement investing.

Stash Customer Service

You will find that Stash customer service is pretty much what one would expect from an investment app. You can reach out to the team by calling them or sending an email.

They’re available Monday to Friday, 9 am to 5 pm Eastern Time. There is also a chat feature if you need a quick question answered.

Stash Alternatives

There are many different investment platforms to choose from, and we’ll quickly compare Stash to some of the most popular options. That way, you can determine if this is the right app for you or if you need to find a better choice.

Stash vs Robinhood

There are many differences between these two options, as our Stash app review will show with this short but informative comparison.

Robinhood does not ask for any fees, but with Stash, you pay $1, $3, or $9 a month, depending on your plan.

While Stash can pride itself on stellar customer service, Robinhood isn’t doing so great in this department. Since the Gamestop debacle, over 100 complaints have been sent to the FTC about Robinhood’s poor customer service. The platform is working on dealing with the complaints and problems.

Robinhood offers investors ETFs, crypto, options, and stocks, while Stash investment options are limited to ETFs and stock investment.

Stash vs Acorns

The management fees of both Stash and Acorns are affordable, starting at $1 a month. Acorns also has additional monthly subscription options at $2 and $3, making it cheaper than Stash, whose pricing plans go up to $9.

Feature-wise, both platforms/services offer a comparable experience, so the decision will depend on your personal preference.

When you invest with Stash, you also get Stock-Back, which is a neat feature. Acorns and Stash offer investors automation to make their portfolio building a little bit easier.

SoFi vs Stash

The main differences between these two apps are that SoFi gives users the option to trade cryptocurrency while Stash doesn’t, making the latter platform a bit of a letdown. On the other hand, Stash does have the option for custodial accounts, which you can’t get from SoFi.

Where Stash asks for monthly fees, SoFi is completely free for trading stocks and ETFs. You’ll note from this and any other Stash invest reviews that this is something that makes SoFi feel like a better option. After all, who doesn’t like a free investment app?

Both of these options give investors additional financial services on top of ETF and stock trading.

Stash vs E*Trade

E*Trade is often the more popular choice when compared to Stash, especially for new investors. E*Trade has more enhanced learning materials and higher quality customer service that is better for beginners.

When compared to E*Trade, the Stash investment app falls a little flat in the diverse trading options department as it doesn’t offer as many options.

In general, Stash is a good trading platform, but with some adjustments and features added, it could be even better and a lot more popular.

Wrap Up

After looking at other Stash app reviews and analyzing the platform ourselves, it’s clear that it’s a good choice for beginners. The educational support, advice, and helpful investing tools are good for finding your way in the investment world.

It might not be as good for professionals or experts, but if you need an app to introduce you to the investment world, Stash isn’t a bad stepping stone.

Pros

  • Very low investment required
  • Useful guidance offered
  • Stock-Back rewards
  • Convenient automated options

Cons

  • High ETF expense ratio
  • Steep monthly cost
Stash Logo

Editorial Rating

FAQ

Is Stash worth it?

Stash can be worth it if you want to learn about investment and build a portfolio with no real stress involved. However, you likely won’t make millions, and if you want the thrill of risky investments, you might want to choose a different platform. If you’ve checked out everything discussed in our Stash app review, you’ll be able to decide for yourself if Stash is a good fit for what you want to achieve. It’s not the most expensive investment platform, and getting used to Stash isn’t challenging, so if you’re still undecided, why not try it out before deciding? There are also free educational guides that can help you learn the ins and outs of investment while you’re using the app.

Is Stash safe?

Stash is a safe option. It is a registered broker-dealer with the Securities Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA) as well as the Securities Investor Protection Corporation (SIPC). Stash makes use of Secure Sockets Layer (SSL) protection to keep information shared between servers and the app protected. It also employs 256-bit bank-grade encryption that keeps users’ personal information, purchase history, and other data safe.

How to Sell Investments on Stash?

Selling on Stash is not complicated. Just go to your Home screen and select ‘invest’ from the navigation bar. You can then choose the investment that you want to sell and choose your reason for selling. You’ll be asked to enter the amount you want, and the Confirmation page will show you the details so you can make sure everything is in order. After reading the disclaimer, you can tap on ‘sell’ to confirm the sale.

How to withdraw money from Stash?

To withdraw your Stash funds, head to your Home screen and tap on ‘Transfer,’ located at the bottom of the navigation bar. You will be shown your available balance that can be transferred to your Personal portfolio and your Bank account.

How to close your Stash account?

It is fairly easy to close your Stash account. All you have to do is log into your account, click on your name in the top right corner and select the ‘subscription’ option. Then, select ‘manage’ and choose ‘close my Stash for good’. When you close your account, the platform will refund any pre-paid portions of your subscription fee (in accordance with the terms of your agreement).

How much does stash cost?

Stash pricing is very affordable — the platform asks for a monthly fee of $1, $3, or $9, depending on what subscription option you choose.

Is Stash legit?

Stash is a reliable and legit trading platform that can be trusted with the task of building your investment portfolio. Our analysis of the platform and Stash app reviews confirms that this platform is legit.