Stash Invest Review

Stash is an investing and mobile banking app created to help people build long-term wealth. It makes investing affordable and easy for beginners with a minimal deposit of just $5.

Benefits & Features

• APY: APY or annual percentage yield is the return that is earned on either a single investment or an entire portfolio. At Stash, your total return percentage is calculated using this formula: (Current portfolio value - (Cash deposited - Cash withdrawn) / (Cash deposited) * 100
• Great Features: Stash offers a wide range of services and some great features that enable subscribers to create a more secure financial future for themselves. With Stash, you can open an account - choose between individual brokerage, retirement accounts, and custodial accounts. You can bank like an investor using the Stash Stock-Back Card. You can also invest your way with automatic investing or self-directed investing where you choose your own stocks, ETFs, and more.
• Manageable Fees: Stash charges a flat monthly subscription fee and gives you the option of canceling your plan anytime. The “Stash Growth” plan costs $3 per month and gives you the option of opening a small, personal, and retirement portfolio. The “Stash+” plan costs $9 per month and offers everything in “Stash Growth” as well as Stash’s finance counseling services and market insight reports.

FAQ

So how will you decide if Stash Invest is right for you? These are the questions consumers are asking when shopping for online banking.

How do you transfer money?

You can either transfer money out of Stash via the app or online. To transfer money via the Stash app, simply tap the Transfer button on your screen, select the accounts that you want to transfer money to and from, enter the amount, tap on Continue, and then tap on Transfer to confirm the transaction. To transfer money using Stash online, log onto stash.com, select Home, select Personal Portfolio, click on Transfer, select the accounts that you want to transfer money to and from, enter the amount, click on Confirm, and then click on Make Transfer to confirm the transaction.

How do you change your linked external bank account?

You can change your linked external bank account through the Stash app. Start by going to your profile and tapping on your initials and then move on to settings and click on Manage External Bank Account. You can then select Connect a different account. To link or change your linked external bank account you can either use your external bank’s ID and password or the routing and account numbers. In some instances, Stash will require you to provide documentation if you wish to change your linked external bank account.

How do you buy or sell an investment?

Buying and selling an investment on the Stash app is an easy and seamless process. Simply go to your home screen, tap on Invest, and select the investment you would like to sell. You can then tap on the Buy/Sell button, choose the reason for selling, enter the desired amount, and then press continue. Once you are on the Confirm sale page, you can read the disclaimer, check the box, and then tap on the Sell button to confirm the sale of your investment. You must note that there is a mandatory 2 business day holding period after which you will be able to use your funds.

Will you be given tax documentation?

Stash issues tax documentation to people who have made money from selling investments, earned more than $10 in interest and/or dividends, or have a Retire account to which they have made a contribution. Tax forms that Stash may send to you include Consolidated 1099, 1099-B, 1099-DIV, 1099-INT, 1042S, 1099-R, and 5498. If you are eligible to receive tax documentation, Stash will email you when your forms become available online, which is typically in mid-February.

Stash allows users to invest small, manageable amounts of money to reach their financial goals. If you would like to sign up for Stash or need further information regarding financial opportunities, you can visit www.stash.com.

Investment advisory services offered by Stash Investments LLC, an SEC registered investment adviser. Investing involves risk and investments may lose value. Holdings and performance are hypothetical. 

Stash Banking services provided by Stride Bank, N.A., Member FDIC. The Stash Stock-Back® Debit Mastercard® is issued by Stride Bank pursuant to license from Mastercard International. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. Any earned stock rewards will be held in your Stash Invest account. Investment products and services provided by Stash Investments LLC, not Stride Bank, and are Not FDIC Insured, Not Bank Guaranteed, and May Lose Value. In order for a user to be eligible for a Stash banking account, they must also have opened a taxable brokerage account on Stash.
All rewards earned through use of the Stash Stock-Back® Debit Mastercard® will be fulfilled by Stash Investments LLC. You will bear the standard fees and expenses reflected in the pricing of the investments that you earn, plus fees for various ancillary services charged by Stash. In order to earn stock in the program, the Stash Stock-Back® Debit Mastercard must be used to make a qualifying purchase. What doesn’t count: Cash withdrawals, money orders, prepaid cards, and P2P payment. If you make a qualifying purchase at a merchant that is not publicly traded or otherwise available on Stash, you will receive a stock reward in an ETF or other investment of your choice from a list of companies available on Stash. 1% Stock-Back® rewards are subject to terms and conditions. Stock rewards that are paid to participating customers via the Stash Stock Back program, are Not FDIC Insured, Not Bank Guaranteed, and May Lose Value. Stash reserves the right to amend this program and the terms and conditions thereof and/or cancel this program at any time, for any reason, upon notice to you. See Terms and Conditions for more details.

Get fee-free transactions at any Allpoint ATM, see the app for location details, otherwise out-of-network ATM fees may apply. For a complete list of fees please see the Deposit Account Agreement for details. Stash offers access to investment and banking accounts under each subscription plan. Each type of account is subject to different regulations and limitations. Stash Monthly Subscription Wrap Fee starts at $3/month. You’ll also bear the standard fees and expenses reflected in the pricing of ETFs, plus fees for various ancillary services charged by Stash and/or the Custodian. Please see the Advisory Agreement for details. Other fees apply to the bank account. Please see the Deposit Account Agreement.

*Offer is subject to T&Cs