Make Money

Paid Surveys

Gig Jobs

Passive Income

Stash App Review 2022. Is Stash Legit? (Personal Finance App)

DollarBreak is reader-supported, when you sign up through links on this post, we may receive compensation. Disclosure.

The content is for informational purposes only. Conduct your own research and seek advice of a licensed financial advisor. Terms.

Stash Review

stash logo

Stash is a trading platform based out of New York. The company has over 5 million users and offers its services via both its web platform and its mobile app. One of the perks that make Stash stand out from other investment apps is that it enables users to invest very small amounts. The platform is targeted at beginners at investing, and it provides online banking and advisory services as well.

Legit & Safe

Service Fees

Min Investment

Portfolio Mix


  • Low minimum starting investment – you can start building your investment portfolio incrementally over time with a starting investment of just $5.
  • Buy fractional shares – if you find a stock too expensive of if you want to diversify your portfolio, you can buy as little as 0.05% of the stock.
  • Low monthly fee – fees start from just $1 per month for investment accounts with under $5000. Monthly fees go up to $9 for accounts with larger sums.
  • Free life insurance coverage – get $1000 coverage on the Beginner and Growth monthly plans. Get $10,000 coverage on the Stash+ monthly plan.


  • Long waiting time before you can withdraw bonus funds – if you earn bonuses such as from referrals, you must wait 90 days before you can cash out.
  • Limited selection of stocks you can buy – the platform only enables you to invest in less than 4000 companies and less than 100 different ETFs.

Jump to: Full Review

Compare to Other Investment Apps


Acorns logo

Invest your spare change in a diversified portfolio built by experts

Expect up to 7.5% annually returns with plans starting from $3 a month

Earn bonus investments from 350+ Acorns Earn partners


Fundrise logo

Invest in real estate properties with a $10 minimum initial investment

Historical annual return varies from 8.8% to 12.4% (2019 – 9.47%)

Low annual fees: advisory – 0.15%; management fee – 0.85%

Public App

Public App logo

Invest in stocks and funds from $1 (no membership or commission fees)

Over 5000 stocks and ETFs to choose from (dividend stocks available)

Follow other investors, see their portfolios, and exchange ideas

What is Stash App?

Stash is a multi-purpose personal finance app striving to improve financial life for everyone.

Stash app lets you easily manage your cash and hit your financial goals. 

As a one-stop-shop, Stash unites banking, investment and advice in one place. Along with helping you manage your cash, Stash also helps beginner investors to make the process of selecting investments – especially forex and stocks – quick and easy.

How Does Stash Work?

Automatic saving and budgeting tools within Stash Bank account lets you organize cash into different categories, create financial goals and track your expenses.

Stash lets you invest in fractional shares of thousands of stocks and ETFs with as low as $1. As Stash is focused on long-term investments, they only trade during four trading windows daily.

You can earn stock rewards when you spend with your Stock-back debit card. This means you will earn pieces of stock from Stash as rewards for your everyday purchases.

According to Stash research, 25% of people expect an annual return of 16% or higher.

Is Stash Safe?

Stash app is using cutting-edge security features to keep your spendings safe and secure.

Your Stash debit account is insured by the Federal Deposit Insurance Corporation (FDIC) to the regulatory limits of up to $250,000.

Stash is also a Registered Investment Adviser regulated by the US Securities and Exchange Commission (SEC).

How Much Does Stash Cost?

Stash offers 3 subscription plans for different needs:

Stash Beginner

Costs $1/month and includes banking Stock-Back Card, investing, budgeting and personalized advice. If you are a beginner budgeter or investor, this plan is for you. 

Stash Growth

Costs $3/month and includes everything that’s included in the Stash Beginner plan, plus a Roth or traditional retirement account (IRA). This plan is the best choice if you want to build wealth for the long-term.


Costs $9/month and includes everything in Stash Growth plan, plus banking with the metal double Stock-Back Card, custodial investment accounts and an exclusive monthly market insights report. This plan would be best if you are a debit card spender, have kids and want to learn more.

Stash Sign Up Bonus

You can get a Stash Invest Sign Up Bonus once you open a new Stash Invest account and add at least $5 to your financial account.

The $20 bonus will be added to your Stash Invest account within 3 business days.

How to Open Account with Stash?

Step 1 – Sign up

Type in your email address and set a strong password.

Step 2 – Create your profile

You will be asked to enter your legal name and date of birth. Make sure you enter the correct details as you will have to verify your identity later on.

Step 3 – Build your financial profile

You will be asked up to 10 simple questions regarding your current financial situation.

Step 4 – Verify your identity

Stash will mail the documents to your legal address and you will need to verify your identity.

Step 5 – Choose your Stash plan

Pick a subscription plan that works best for you – Stash Beginner, Stash Growth or Stash+.

How to Invest with Stash?

Step 1 – Think Long Term

Stash suggests that to make smart investing decisions, you don’t need to predict the market. Rather, it’s better to buy quality investments that you believe in and let it make you money. There are highs and lows all the time, but in general, markets tend to go upwards in the long term.

Step 2 – Invest Regularly

It’s not necessary to have millions to start investing. Even small amounts will add up over time. As long as you invest regularly, you can stack up your cash.

Step 3 – Stay Diversified

Investing always contains a certain amount of risk. The best way to minimize your risks and maximize your earnings is to spread your money across different investments.

Stash Key Takeaways

Account Minimum Investment

Stash has a $0 account minimum investment. Stash’s mission is to educate and make investing approachable for beginner investors.

Account Fees

Stash charges an annual fee of 0.25% for advisory services along with $1 minimum per month for taxable accounts and $2 minimum for retirement accounts.

Account Types

  • Banking Account gives you an online bank together with flexible money management, early payday and a rewarding debit card.
  • Personal Investment Account allows you to pick your investments with Stash advisor’s guidance.
  • Retirement Account allows you to start investing with as little as $1. Retirement account is very similar to a Personal Investment Account. However, Retirement Account comes with more valuable tax benefits. The Retirement Account is divided into 2 types – Roth IRA and Traditional IRA.
    • Roth IRA lets you earn money and pay absolutely no taxes to the government.
    • Traditional IRA lets you deduct contributions from your taxable earned income, meaning the more you contribute in a year, the less you will have to pay in taxes. However, you will have to pay tax on the earnings in your retirement account when you retire, but usually at a much lower rate.
  • Custodial Account allows you to invest for your kid, who can take over their earnings once they come to age.

Stash Banking

Regardless of the membership level, Stash offers you its online banking and a debit card, which rewards you with Stock-backs when you make purchases.


Stash provides you with cutting-edge tools to better manage your investments. The tools offered are the following:

  • Stash Coach helps you grow your investments with guidance, challenges and trivia.
  • Retirement Calculator helps you make decisions on how much you want to invest each month.
  • Portfolio Builder serves as a list of suggested ETFs that you can invest in. Stash offers over 1,800 ETFs and stocks on the app, including Apple and Costco. Stash also offers fractional shares, meaning you can start investing with just $1 and own a piece of a company that has a much higher share price.
  • Automatic Reinvestment of Dividends (DRIP) is available for all levels of Stash accounts. It allows you to automatically reinvest any dividends that your investments pay out.

How to Withdraw Money from Stash?

You can withdraw your money from Stash to your bank account at any time.

However, there are some caveats to consider, that are listed below:

  • If you have active investments, first you need to sell all of them and wait for the SEC-mandated hold period to be over.
  • Generally, it can take up to 5 business days for your balance to appear on your external account.
  • Any referral and promotional funds must remain in your Stash account for 90 days until you can withdraw them.
  • You can only transfer the balance available in your Stash Banking account or in your Portfolio Cash.

What are the Stash Pros & Cons?


  • Start investing with as little as $5.
  • Buy fractional shares of stocks in companies like Amazon or Apple.
  • Set automatic deposits on either a weekly or monthly basis into your account.
  • Only $1 monthly fee (for accounts under $5,000) or 0.25% annual fee for accounts over 5k.


  • Only a limited amount of stocks are available to purchase.
  • The app doesn’t provide fundamental analysis for stocks (Revenue, Earnings Per Share, Return on Equity, etc).
  • The percentage of assets is unfairly high. For example, an investor with a $500 balance has to pay 2.4%, while someone with a $5,000 balance will pay 0.48%.

Is Stash Worth it?

If you’re considering to start investing without risking thousands of dollars, Stash is totally a good fit for you. Stash advisor services prevent you from making costly mistakes and teach you how to manage your own portfolio.

One of the main benefits Stash offers you is the access to fractional shares, allowing you to invest in stocks just as little as $1.

Overall, Stash is worth the membership fee as it’s a one-stop-shop offering you banking, money management, investing and guidance in one app.

Stash Alternatives

Stash vs Acorns

Acorns Summary

  • Low account fees from just $3 per month
  • Get $5 in your account for referrals
  • Low minimum starting investment amount
  • High average return on investments of 7.5%

Acorns is Stash’s main competitor, providing banking and investing all in the same app. Just like Stash, Acorns offer round-ups, recurring investments and fractional share investing. Acorn’s monthly subscription fee also starts from $1, however, unlike Stash, Acorn’s lowest tier account doesn’t include banking. Acorns investment choices are also limited to just 5 ETF portfolios, while Stash offers hundreds of individual stocks and ETFs.

Stash vs Betterment

Betterment Summary

  • Transparent fees of just 0.25% per year
  • Insured by SIPC for up to $500,000
  • 7+ pre-built portfolios to choose from
  • Start investing from as little as $10

Betterment is one of the most robust alternatives to Stash. However, Stash is a better option for new investors, who need guidance in the confusing world of investing. On the other hand, Betterment might be a better option for more experienced investors who need a full-featured goal-based financial planning platform.

Stash vs Robinhood

Robinhood Summary

  • $0 commission on all stock trades
  • Invest in fractional shares from just $1
  • 3 different trading options to choose from
  • Get 0.3% APY on your uninvested cash

Robinhood is another solid alternative to Stash. However, which tool you choose completely depends on your personal needs. Robinhood is for frequent and more advanced traders, while Stash is best for new investors, who want guidance selecting their first investments.

Stash App FAQ

How much does Stash cost?

Stash offers 3 different monthly plans: Stash Beginner – $1/mo, Stash Basic – $3/mo and Stash+ – $9/mo.

Is Stash a good investment?

If you’re looking to do your banking and investing with the same company, Stash is definitely a good option.

Is Stash secure?

Stash app is using cutting-edge security features to keep your spendings safe and secure. The Federal Deposit Insurance Corporation (FDIC) secures your Stash investments up to $250,000.

The content on is for informational and educational purposes only and cannot replace any professional financial advice.
Conduct your own research and seek the advice of a licensed financial advisor. Please read the full Terms of use and Privacy Policy.