In order to change your default Stock-back reward:
When you go ahead with Stash cancellation, the app will sell all your investments and return the funds to your linked account. The money left in your Stash Bank won't disappear after cancellation, and you can transfer it to your external account or continue using the provided debit card until the balance hits zero.
Stock-Back rewards program: Stash offers a rewards program with a twist: Your rewards are fractional shares in the companies where you make purchases. Stash offers a 0.125% reward to people who subscribe to the $1/month or $3/month account options. (Those with the $9/month plan get twice that.)
High monthly cost — The monthly fees can be fairly steep, especially if you have a relatively low account balance. Expensive funds — The ETFs offered through Stash are relatively diverse. However, they also have a high expense ratio that could cut into your long-term returns.
The Stash Stock-Back Card is a rewards debit card that's great for investors eager to put everyday purchases to work in the market. Although it does require a paid Stash account, it doesn't necessitate a credit check and doesn't carry any fees of its own.
Bottom line: Stash could be a great choice for beginners who want help investing more as well as more control over their investments than robo-advisors offer. But Stash may not be right for investors who want the lowest management fees or who plan to be active traders.
If you still have investments, you'll need to sell those before withdrawing your money. The money from the sale will be held for two business days (in accordance with SEC regulation) before you can move it to your bank account.
Bottom Line. Both Stash and Robinhood are apps that help individuals invest. Robinhood's fee-free structure makes it attractive to active traders and individuals who want to trade without the cost of fees. Stash is attractive to people who are getting started in trading.
Stash banking is a bank account, issued by Green Dot Bank, Member FDIC, designed especially for our investors. It won't cost you anything to set up, there are no minimum balance requirements, and we won't charge you any monthly or annual fees to maintain the account.
With the Stash app, you can deposit or withdraw up to $10,000 per day.
Stash offers FDIC-insured bank accounts through Green Dot Bank.
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