Stash App Review 2021: Fractional Share Investing

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Let's face it – you've been told you should invest but honestly don't know how to get started.
All the stocks you see in the news to understand which companies are on the rise and which are faltering is time-consuming and confusing. And you might still be trying to establish financial footing, which means you can't afford to pay someone else to manage your investing for you.
That’s where Stash comes in. They want to make investing approachable and cater to first-time investors looking to enter the world of investing without needing a lot of capital.
Learn how their app works and how you can start in our review of Stash below.

What is Stash?

Stash is an investing app that has a simple, yet bold mission: "make investing easy and affordable for everyone."
Founded in 2015 by Wall Street investors Brandon Krieg and Ed Robinson who wanted to help everyone invest, regardless of income, the company now has more than 5 million customers who invest in thousands of stocks and ETFs (exchange-traded fund) with $1 or less.

How does Stash work?

The app touts its philosophy called The Stash Way. This provides a beginner-friendly approach to investing and underscores its importance as a long-term endeavor. As such, investing even little amounts of money can matter because Stash sees its investments growing an average of 5% each year.
Plus, Stash diversifies your investments so you aren't putting all of your funds in one place.
To become a new investor and enroll in the investment app, start by entering your email address. You will then be guided through a questionnaire to create your financial profile and select your plan.
To help determine your financial profile, you'll select what your investing interests are. You will be required to provide your SSN but it is not used to check your credit and will not affect your credit score.
The entire signup takes less than 10 minutes and you get to choose the plan that works best for you, as I'll detail below.
You will continue to be guided easily through the steps of choosing and enrolling in the features of the Stash account you select.

How much does Stash cost?

Unlike other apps touting free investing services, Stash is a paid service beginning at just $1 per month, with its highest level of service climbing to only $9 per month.
The pricing structure is a flat fee as follows:


"Dip your toes in the investing world" with this beginner account at just $1 per month. It includes a personal investment account, a bank account with Stock-Back Card, $1,000 in Life Insurance from Avibra, and free financial education.


Want everything in the "Beginner Plan" and access to retirement products? For $3 per month, you'll get additional access to retirement accounts (Roth and Traditional IRA), retirement advice and tax benefits of retirement investing.


The top tier plan works to "maximize your financial power." It offers all the features found in a Growth account but provides an investment account for two children, double stock rewards, an additional $9,000 in life insurance, and a monthly market insights report.
You are free to change your plan at any time to upgrade or downgrade, and your account opening of your Stash debit card is subject to bank approval.
There is no opening deposit required for an investment account but if you deposit $5, Stash will match it and give you $5 to invest.

Stash investing features

Fractional shares

Investing through Stash will provide you fractional shares. This means rather than owning a share of stock at its full price, you are able to join the Stash community and pool your funds to afford high-priced, higher-earning stocks and receive a fractional percentage on the returns.
The company is not a robo-advisor and will not direct you to stocks to purchase. Instead, your contribution is spread to its current individual stocks and ETFs, of which the company has more than 1,800. You will get to choose an investment portfolio of these stocks, using the suggestions that coincide with your goals.
The earnings you make on your investment are automatically reinvested, know as DRIP (dividend reinvestment program).

Investment options

You can select your risk tolerance as you complete your enrollment questionnaire (and change it at any time). Risk levels are conservative, moderate, and aggressive. From here, you'll be directed to recommended investments for your preference.
  • Stocks. Fractional stocks are available to search in energy, finance, health care, industrials, materials, media, real estate, retail, tech, utilities, and consumer staples.
  • ETFs. Available ETFs include bonds, broad market, commodities, diversified mixes, global exposure, goods and services, missions and causes, technology and innovation, and thematic categories.

Portfolio Builder

To help you select from your investment options, you will have a chance to read about them in easy-to-follow reports that include the ticket symbol, last price, expense ratio, level of risk, and who the company is.

Stock-Back debit card

Your Stash enrollment provides you with an online bank account through Green Dot Bank that does not require a minimum balance and does not charge overdraft fees. Your funds are available through 19,000 fee-free ATMs.
The Stock-Back feature of this account doesn't give you cash back on the money you spend, instead you will receive stock in the retailers in which you shop, such as Amazon. Stash offers 0.125% if you are enrolled in the Beginner program or Growth program but double that if you are in the Stash+ program.
And before you think this feature is only good at obscure retailers, know that Stash's Stock-Back is good when you shop at places like Walmart, CVS, Apple, and Amazon, and when you are grabbing a bite at McDonald's, filling up the tank at BP, and shopping for groceries at Costco, among many, many others.
You can even earn up to 5% on brands you particularly love.


For investors who enroll in Stash+, choose a traditional IRA or a Roth IRA with as little as $1.

Financial management app

Your account will allow you to track your spending, pay bills, and save for goals with its budgeting and tracking tools. It also provides a retirement calculator.

Stash Coach

Receive advice from professionals on budgeting to retirement to help understand ways you can grow your finances. They will actually connect you with real people by phone and email.

Custodial accounts

Those enrolled in Stash+ receive custodial accounts for up to two children to help them learn and set up their own investment accounts. These are available for anyone under 18, even if you aren't a parent, and also require just $1 to begin funding.

Stash banking features

After you receive a bank account with your enrollment in Stash, you'll want to know all the features you get access to.
The first is that you automatically get a debit card with no credit check (they use your SSN to confirm your identity). This account is specifically built to earn without debt or interest — no APY and no APR.

No fees

There are no fees associated with a Stash account. There are also no minimum balances you need to obtain. You won't be charged with overdraft fees because you simply cannot go over your limit. This means you may have a charge denied, but you won't be paying hefty fees and going negative.

Automatic investing

Because your investing and bank account are connected, you will not have to wait for your investments to grow. Stash invests as you spend.

Early direct deposit (2 days early)

By enrolling in direct deposit, you'll have access to your paycheck 2 days early, and it gives you a chance to invest and save early with this feature.


Using the app's tools, you can create simple budgets to separate your money into various spaces and help you stay organized. You can set automatic savings, set target dates and amounts for goals, analyze your spending by category, and track your progress.

Account advantages

Using the app to manage your account gives you mobile check deposit, enrollment in Apple or Google Pay, and the ability to lock your account from your phone should you notice suspicious activity.

19,000 ATMs

You won't pay a fee to withdraw money from your account at Stash ATMs. Stash is a member of the Allpoint ATM network, which has 19,000 locations at retailers like Walmart, Walgreens, and RiteAid.
If you use an out-of-network ATM you will have to pay a $2.50 fee.

Pros & cons

  • User-friendly investment apps. Anyone taking their first steps into investing will find Stash easy to use. You can trust the company to manage your funds and take a hands-off approach but the app works to teach you so you can improve and grow your funds into a diversified portfolio that meets your risk tolerance.
  • Stock-Back rewards. When you shop with qualifying retailers as a Stash member, your purchases earn Stock-Back rewards – fractional shares of company stock. So it works like a traditional cash back program, but instead of receiving cash, you earn fractional stock.
  • Fee-free banking. With the Stash checking account, you won't pay monthly fees, get free ATM usage, and connect directly to your brokerage account.
  • Flat-fee structure. While the monthly fee appears low, the flat-fee means you could be paying a higher annual fee than competitors who charge a percentage fee on your earnings. This is only for accounts with investments lower than $5,000; once you cross that threshold, your earnings will make the fee worthwhile.

Stash vs. competitors

AppCostMinimum investmentInvestment optionsAdditional features
Stash$1 - $9/month$1Stocks, ETFsDebit account, IRAs
Acorns$1 - $3/month$5ETFsChecking account, retirement savings
Betterment0.25% fees$0Debit account, IRAsIRAs, financial advisors


Acorns is an introductory product for new investors as well. It's tiered structure is similar: $1 per month for Lite, $3 per month for Personal, and $5 per month for Family. These provide an investment account with a checking account at the personal level and investment accounts for the family program.
You do not need a minimal amount to open your account but need at least $5 to begin investing in the pre-built portfolios offered, all of which are ETFs. Acorns offers a round-up feature, a checking account, and a retirement savings program called Later.


Like Acorns and Stash, Betterment is a robo-advisor that does not require a minimum account balance, but instead of charging a monthly fee will charge 0.25% on its Digital tier and 0.40% on its Premium tier.
Betterment invests in the total stock market, value stocks, international markets and emerging stocks. Additionally they invest into high-quality, municipal, inflation-protected, high-yield, short-term, internationally-developed and international emerging market bonds.
You will not receive any financial help unless you pay for an advice package that will connect you with financial advisors, which range from $199 to $299.

Who should or shouldn't use Stash?

Should: Begining investors
The program is designed specifically for beginners who want to try investing but don't know where to start. Stash walks you through investments without requiring a lot of capital and lets you grow slowly, but methodically
Shouldn't: Experienced investors
Because this is designed for beginners, experienced investors will find that fractional investments don't quite meet their needs. If you are familiar with investing, it's probably best to use a brokerage and purchase full shares.
However, as Stash continues to develop their platform, they may cater to experienced investors in the future as well.


Is my money insured?
Stash accounts are held by Apex Clearing, which is registered by FINRA. Investments are covered up to $500,000.
Is Stash only online?
This investing app is available for Apple iOS and Android but you can access your account from a desktop, as well.

The bottom line

Stash works well for new investors looking to dip their toe into stocks and ETFs. Use the app to learn and adjust your goals and portfolios. Is it meant to be your end-all investment account? Not at all. It's there to teach you and when you are ready to take bigger steps, you can move on to other brokerage platforms.

Disclosure: Joy Wallet is an independent publisher and comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. They are not intended to provide investment advice. Joy Wallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. We encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Featured estimates are based on past market performance, and past performance is not a guarantee of future performance.
Our site doesn’t feature every company or financial product available on the market. We are compensated by our partners, which may influence which products we review and write about (and where those products appear on our site), but it in no way affects our recommendations or advice. Our editorials are grounded on independent research. Our partners cannot pay us to guarantee favorable reviews of their products or services.
¹Stash Disclosure: Promotion is subject to Terms and Conditions. To be eligible to participate in this Promotion and receive the bonus, you must complete the following steps: (i) click through the link above, (ii) successfully open a Stash Invest Account (otherwise known as your personal portfolio) in good standing, (iii) link a funding account (e.g. an external bank account) to your new Stash Invest Account, AND (iv) initiate and complete a deposit of at least one dollar ($1.00) into your Stash Invest Account. Promotion is not sponsored or endorsed by Green Dot Bank, Green Dot Corporation, Visa U.S.A. Inc., or any of their respective affiliates, and none of the foregoing has any responsibility to fulfill any funds earned through this promotion.
This material is for educational purposes only. This material is not intended as investment advice and is not meant to suggest that any securities are suitable investments for any particular investor. Investment advice is only provided to Stash customers. All investments are subject to risk and may lose value.

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