Stash App Review: Is This Investment App Safe or A Scam?

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Anyone that is wealthy will tell you, that the best way to make money is not a work at home job. It's to have your money work for you. But let's face it, most of us are terrified of the stock market, which would help you achieve this. Apparently that has changed because of investment apps like the Stash app. But is it really any good? You may have already read other Stash reviews to get the details on what the app has to offer, but need some more information to help you decide if it is right for you. Let's get into all the details on this investment app, including all the complaints.

What is the Stash App?

Stash is an investment smartphone app from that features a brokerage account and a selection of approximately 30 various exchange traded funds. (ETFs). Stash was founded in 2015. The company's headquarters is located in New York, New York. Did you know you can get paid for downloading apps like this on and

How Does The Stash App Work?

The Stash investing app allows you to choose from 30 different exchange traded funds based on the risk assessment questionnaire you fill out when you sign up. The app will label you as either a Conservative, Moderate, or Aggressive Investor. You place an initial investment deposit and can add more by fractional share ownership. All Stash investments are covered by the Securities Investor Protection Corporation.

Stash simplifies investing by offering value-based categories of investments. You can select a customized portfolio based on your financial, political, or environmental interests and more. Stash also employs a different approach in presenting their investment portfolios by giving them interesting names such as “Roll With Buffet” and “Park My Cash” rather than the intimidating stock ticker symbols used by other apps. The investments are designed on a buy and hold basis.

How Much Does Stash Cost?

New investors can start an account with a $5 investment. New investors get the first month free of any fees and then are charged a $1 per month for accounts under $5,000 and 0.25 percent per year for balances over $5,000. There are no commission fees for stock trades and no bank transfer fees on deposits and withdrawals.

How Do I Start With The Stash App?

You can download the smartphone app for Apple devices on iTunes and Android devices in the Google Play Store at no cost. You will need to provide your personal information and complete a short-risk questionnaire that will help you select an appropriate investment when you sign up. Fund your chosen investment with any bank account. You will need to verify your bank account with either 2 small test deposits or linking your login credentials. Linking your bank account can take up to 6 business days.

You must be 18 years old to open an account. Stash tries to make investing less scary for new investors. If you want an alternative option to create more income, then check out work at home jobs here or my Best Work At Home Recommendation.

Stash Complaints

So on the surface, this sounds all good. It would seem like the stash app would make investing simple for anyone that wants to give this a shot. But like any app, it does have some flaws that you should be aware of to make the right decision for you.

Account Choice Limitations: Unlike other investment apps like Betterment and Wealthfront, Stash only provides taxable brokerage accounts. Investors won't be able to take advantage of investing and maximizing contributions to individual retirement or 401k accounts.

Horrible BBB Rating: At the time of this review, Stash has a D+ rating and no accreditation with the Better Business Bureau. According to some of the complaints, the company failed to respond to a billing complaint. & are companies that make you money with positive BBB ratings.

Expensive Account Subscription Fees: Stash charges fees which are taken from your bank account rather than your investment portfolio. The company charges $1 per month for accounts under $5,000 and 0.25% per year for accounts over $5,000 after the first month.

Not For Experienced Investors: Those who are knowledgeable about investments may not find the app suitable for them. The company does not offer advice from brokers and does not allow investing in individual stocks. Dividends are not automatically reinvested. These things tend to be turnoffs from many investors with larger accounts.

No Website Availability: Some users complain that the only way that they can access their investments is through the app. Certain investors would like to track their portfolios online on their desktop computer or laptop.

No Financial Education Resources: The company does not provide information for new investors on the different types of investments and how to invest properly for their financial goals.

Stash App Alternatives

Stash App is a good tool for beginning investors but it does have its flaws. There are several financial investment apps online available for you to consider. Two popular choices out there you might want to consider are Acorns and Digit. Both of these smartphone apps have more investment features than Stash and can help you with your spending and savings goals.

So Is Stash Legit or a Scam?

The stash app is a legitimate investment app for those who are new to the world of investing. New investors with under $5,000 can start a new account with only a $5 deposit. The first month is free with a $1 per month subscription fee thereafter. The app makes investing easier to understand, but experienced investors will find many features lacking for their individual financial needs.

Now that you have read all the other Stash reviews as well as mine, you should have a complete understanding now of the app and its offerings. The Stash app can be a useful tool to use with your multiple streams of income. However, its fees are pretty expensive for investors with larger accounts. If you want other ways to make passive income, I would invite you to check out my  Top Work At Home, and If you have any experiences with this app, I'd love to hear your comments so please feel free to post them below. And if you enjoyed this review, please free to check out my other work at home reviews as well.

Until next time,

Eddy with a y

Stash Investment App Review Overview







Click Here to Leave a Comment Below
Alexius T. - September 9, 2018 Reply

I have been using stash for a month now. I am a very aggressive investor for a guy in his 20s. My results so far is I’m up 5.28%. I am pleased and have already received my first dividend this month. My results are not typical in the market. Stocks can be very volatile. However I have been fortunate so far. Hope this helps let others make a more informed decision.

Tracy - July 14, 2018 Reply

Hey eddy I just ran across your comments and insight on stash. I have been doing it now for several months I invest 100 a week one in a conservative account and the other half in a aggressive account I have not made a lot of money but I feel in the long run I will. But now reading the reviews I am concerned about getting any of my money back in let’s say 15 years which was my goal. You know have something to retire on. I will keep up what I am doing with them for one year and will see what happens. And let you know

    Eddy Salomon - July 15, 2018 Reply

    Hey Tracy,

    Keep us posted on your experience with them. Sometimes things change. Everyone’s experience isn’t always the same but it’s good to be aware.

Henry Dodge - June 19, 2018 Reply

Please don’t trust this app!!!! I signed up, invested $130. It said that I had gained $1.70 not much I know but certainly no loss. When I tried to transfer my funds to my bank account because of a financial emergency it would only transfer 70 some dollars… after all withholdings and everything. So stash stole about $60 from me straight up. I emailed customer service about 3 weeks ago, and have followed up twice since. No reply, of coarse. Another fucked up ponze scheme with no warning so anyone reading HERES YOUR WARNING I NEVER GOT!!!!!!!!!!!!

    Eddy Salomon - June 19, 2018 Reply

    Damn that’s crazy Henry! You should try to contact them via social media as well. I hope this isn’t the norm. It sucks either way.

Phil - May 28, 2018 Reply

Did you ever find out how to cash out the complete portfolio? Is the average return about 10% ?

Eli - May 4, 2018 Reply

They make it impossible to close the account, and keep charging $1 a month. I have read about so many people who want to close the account but are not able to, and they are just stuck paying that monthly $1. I am afraid of this. I do not recommend stash at all.

    Eddy Salomon - May 4, 2018 Reply

    That’s interesting. Why not contact your bank to stop the charges if stash is being unresponsive? That’s what I would do.

Ernest - January 17, 2018 Reply


Sam G - January 12, 2018 Reply

13% in 4 months, it’s legit.

TIM Grills - October 16, 2017 Reply

I’m concerned with giving my ss# and bank info for this app

Brandon - October 10, 2017 Reply

I just visited the BBB site and this company now has a B+ rating, not a D+ rating. I, however, will NOT being giving them any business. The reason I am here is because I was looking them up. I got a text from a random number advertising this app. What a great way to NOT get my business, lol.

    Eddy Salomon - October 11, 2017 Reply

    Thanks for the update and sharing your thoughts on this company.

Anthony Gill - September 30, 2017 Reply

I’ve been using Stash for about a year now and I’ve seen about a 10% return. I’m definitely a casual investor, but that seems pretty reasonable to me.

    Eddy Salomon - October 1, 2017 Reply

    That is great to hear. Awesome returns.

    Gonza - May 6, 2018 Reply

    I have invested $280 and currently have $399 but I can only withdraw $98…. which I don’t plan on withdrawing but I’m trying to figure out when and how I would get the full value of my portfolio. THe app seems easy but don’t exactly understand how I get the money that I earn. Do I have to retire or does it have to sit there for a certain amount of time? I’m inexperienced and confused. Please explain if you know the answer because these are just inaccessible numbers on a screen and the app doesn’t really tell you how to cash completely out.

    Eddy Salomon - May 8, 2018 Reply

    You should contact their customer support for answers to your questions.

Ronna - August 22, 2017 Reply

Beware of stash. They get your bank information and take money out without notifying you first!

Justin C. - July 21, 2017 Reply

I can’t honestly say that I am excited about the Stash App. With no real help or guidance it seems like you are all on your own. Since the app is supposed to build confidence in those who are skeptical and intimidated by trading, I feel there should be some resources available through the app that in a way guide you in the right direction. I do think that this app can serve a valued position in one’s arsenal. But it can’t be the sole tool in the bag. I do like the valued-based categories, the questionnaire, and the customized portfolio so you are not entirely on your own. I believe this app has a ways to go, but might still be worth considering. Great article Eddy!

Justin C. - July 21, 2017 Reply

I can’t honestly say that i am excited about the Stash App. With no real help or guidance it seems like you are all on your own. Since app seeks to simply and build confidence in those who are skeptical and intimidated by trading i feel there should be some resources available through the app that in a way guide you in the right direction. I do think that this app can serve a valued position in ones arsenal but it can’t be the sole tool in the bag. I do like the valued-based categories, the questionnaire, and the customized portfolio so you are not entirely on your own. I believe this app has a ways to go but still is worth the consideration. Great article Eddy!

    Eddy Salomon - July 21, 2017 Reply

    I guess it all depends on your needs. Thanks for sharing your insight.

Andrew G - July 20, 2017 Reply

I have not seen this, but have seen Acorns advertised and then downloaded the app. Only to find that I never have yet taken the time to open it up and use it, even though it sounds interesting. The BBB rating is very important so this is way too scammy for the average investor I would say, hopefully not too many have lost their savings.

    Eddy Salomon - July 20, 2017 Reply

    Thanks for sharing for your thoughts.

Ryan - July 20, 2017 Reply

I actually got Acorns first. I liked the simplicity, and not being confused with all the extra stock market mumbo jumbo. My job was offering a deal to start an initial $5 investment with Stash and receive a $10 credit to the stash. This is only short term for me, since I am new to the game. I like both apps. But i like the fact that Stash lets me know what type of stocks I am investing in. Overall, I don’t think rewards programs to, earn money, can even touch investing. Even if it is a measly app, for me, its a great way to get into the game without wasting hours of my life earning rewards points with other companies. When someone invests in the stock market, they are really making the money work, while they literally don’t have to lift a finger in the process.

    Eddy Salomon - July 20, 2017 Reply

    I’ve actually reviewed the Acorns app so I’m familiar with it as well. I agree in general that investing your money is the best way to make money since it’s totally passive. But that’s assuming you pick the proper investments and you have the delayed gratification to wait for it to grow. Reward sites are good for short term cash. It pays you for things you’re already doing. So I don’t think you need to pick between the two. I’m all about multiple streams of income. So make investments through apps like this and working on reward sites can be a great combination. You never just want to have all your eggs in one basket.

Joe Petruzzi - July 19, 2017 Reply

Honestly, the $1 a month fee seems reasonable. I certainly would not feel too bad about starting Stash if I knew this was the worst that could be charged. The only concern is, can I back out of the monthly fee at any time? If not, then this could be dangerous as other up selling or fees might come into play. Either way, great review, you have peaked my interest and I look forward to researching this a little more.

    Eddy Salomon - July 20, 2017 Reply

    You can cancel your account at any point. So if you don’t think the app is making you money and the $1 monthly fee is losing you money, then you can cancel.

Joey - July 19, 2017 Reply

Thank you.  This is a great review of the Stash app. Stash and other similar apps are going to be the new norm for investing, especially for long term, buy and hold investors. I’ve been saying this for years… you don’t need a financial adviser anymore. Why would I pay someone ridiculous fees and commissions for a simple 60/40 stock, bond portfolio I can build myself.

    Eddy Salomon - July 19, 2017 Reply

    I guess it all depends on how comfortable you are investing on your own. I know it’s always been an unknown to me. But I think apps like this will help educate newbies like myself to feel more confident. Thanks for chiming in.

Dennis - July 17, 2017 Reply

Hey Eddy with a Y, thanks for the very fair review of Stash. I was thinking of doing some investing on a small scale. I think I will give the app a try so I can start following the Icahn holdings portfolio. The only concern I have is the low BBB rating. Hopefully, that will improve as more people put their reviews.

    Eddy Salomon - July 17, 2017 Reply

    Hey Dennis,
    You’re very welcome. Take the BBB reviews with a grain of salt. I know a lot of people want to live and die by them. But I tend to just use them as one of many points of research. I wouldn’t let it stop you from giving the app a try and making your own decision. Hey, I checked out your site. It’s very informative. What’s the best way to reach you? I have a question about it.

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