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What is Smart Deposit?

Article author
Trish V.
  • Updated

What is Smart Deposit?

Smart Deposit is a feature of Acorns Spend that automatically allocates a portion of your direct deposit into Invest, Later, Early, or a combination of all three, to help you invest your money as soon as you get it. Like most of what we do, Smart Deposit is meant to make it easy and automatic to save! 

Smart Deposit only works for direct deposits received in Acorns Spend. You can get started by moving your direct deposit over to Acorns Spend. You can do that by using this link. We’ll keep an eye out for your paycheck and let you know when it arrives.

Once your direct deposit arrives, you’ll be prompted to choose how much of each paycheck to distribute to each of your accounts. You can change your settings at any time.

That’s it! Once you’re set-up, anytime a paycheck from that employer arrives, Acorns will automatically save a percentage and distribute it across your Acorns accounts. 

 

 

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