Stash Review & Rating USA 2024

With the ever-increasing presence of online companies and apps, each is vying for a bigger market share than their competitor. One way of differentiating themselves from the pack is by providing a unique new customer offer. These offers are tailored to new customers and are provided in an effort to increase

According to our Stash review USA, such an offer exists on their platform. The offer is tied in with the Stash bank account option. Once you’ve signed up with Stash, you’re able to open a bank account through the Stash platform. Ultimately, it’s a debit account with no interest – more on this later though. However, new customers stand the chance to receive a cash reward of $50 which will be credited to your Invest account. Once you’ve made direct deposits totaling $300 or more, you’ll be eligible for this once-off cash reward.

The exciting prospect of this Stash USA offer is that you’ll receive a free cash amount that can be used to kick-start your investment portfolio, or if you’re already active in this regard, might allow you to diversify your current holdings.

The next section of our Stash review aims at assessing the usability of their website and mobile app. In this department, according to our own practical research and an abundance of online Stash opinions, Stash performs exceptionally well. They have created a great website and easy-to-use app. In both regards, the platform adheres to a simple design that allows for ease of navigation. Each section and available product is clearly displayed and makes for an intuitive experience. There is sufficient information on all available services and associated terms and conditions.

You’re able to visit the official website and can scroll down; with each scroll, you’ll be confronted with a new aspect of Stash. The fact that Stash USA directly wants to appeal to beginners, has certainly helped in forming a simple, yet effective site.

At the top of the screen, you’ll find options that include overall pricing, account types, investment options, a fantastic educational tab, and a support section. Click on pricing or support and you’ll be redirected to the relevant page. For account types, investments, and education you’ll find drop-down arrows and subsequent subheadings.

All in all, our Stash review is certainly bolstered by an impeccable website that provides visitors with easy navigational tools and arms them with all the necessary information. Added to which, you’ll find the website loads quickly and you can download the mobile app on Android and iOS.

If you are residing in the States, you’ll be able to open an account with Stash USA. With our Stash open account review, we will list all the available account options and identify which one might be best suited for you. There are for account types on offer by Stash – Banking, investment, retirement, and custodial. In the following sections of our Stash review, we’ll assess the advantages and disadvantages of each type.

Banking

One of the Stash open account options is an online banking service. Here, you’ll be able to open an individual online bank account and receive a debit card to boot. With your online account, you’ll be able to make daily payments and implement recurring payments automatically. In addition to this online banking service, you’ll also be able to use your debit card in the traditional sense.

ATM usage and swiping at stores is possible. Fees are set at $0.00 when it comes to monthly maintenance; bank card fee; deposit fee; overdraft fee; and much more. Withdrawing from an ATM that is out-of-network and form tellers will incur a fee of $2.50 per transaction. We’d recommend reading the terms and conditions if this service does interest you.

Investment

The second account type is a personal investment account. Our Stash review wants to make it clear that this type of account is fantastic for beginners. The entire business model has been built around providing a straightforward investment process for newcomers. With this account, you’ll be able to invest in any number of stocks and funds. Depending on your preference, you’ll be able to choose from a host of listed companies and associated stock. If you’d prefer to invest in exchange-traded funds, you’ll be able to browse through ETFs via the Stash website. Investing in ETFs might seem overwhelming at first – however, Stash provides you with a complete run-down of how to go about this process. Investing in ETFs provides investors with diversification, and as the old adage goes, don’t put all your eggs in one basket. For more information on how to start investing with your investment account, visit the official Stash website.

Retirement and Custodial

Stash open account options include a retirement account. You can choose from the traditional IRA or Roth IRA account. Both with a minimum $0.01 account balance, it’s easy to open and you’ll receive certain tax benefits. For the Roth IRA, you do not pay tax on your investment earnings. For the traditional IRA account, you can deduct contributions from taxable earned income. Both have an annual max contribution limit of $6,000 ($7,000 for individuals aged 50 and older).

The custodial Stash open account option is a great idea for kids. As their guardian, you can open a Stash USA account for a minor with $1 or less. This account will act as a safety net for kids and give them a head start later on in life.

For experienced traders who’ve used other online brokers, Stash USA might be too simplified in terms of research and analytical tools. More prominent brokers who cater towards professional traders have implemented extremely robust trading platforms that are streamlined for different trading products. What’s great about Stash’s trading platform, is that it all takes place on one, simple app. This is crucial for beginners, as the trading process is streamlined and it’s far easier to understand.

This Stash app can be downloaded on both iOS and Android devices. It makes for a convenient sign-up process and even better trading experience. You’ll have access to all the trading tools and educational resources, right from your mobile. You can access market data (depending on your plan) on the go and track stocks and ETFs whenever you like. The Stash mobile app is basic in terms of analytical tools and trading functions. However, this is not where Stash’s strengths lie. A simple, easy to use, yet functional app allows beginners and active traders to invest and trade without the hindrance of complex functions. The entire process is meant to be streamlined and easy to understand. In this regard, Stash has got it right.

If you attach great value to decent trading platforms, we recommend you read our TradeStation review.

In order to pay for your plan and fund your Stash open account option, you’ll be able to make use of the following payment methods.

You can make payment via your Stash open account option or funding account. This means that, in order to pay your monthly fee, Stash may deduct the fee from your free cash balance in your Stash account or from your funding account. The funding account is the Stash USA demand deposit account. If you have not applied for this funding account and do not have a cash balance, your fee will be paid by the use of a portion of your securities. Stash is entitled to sell securities in your Stash account to generate cash in order to pay any outstanding fees.

The second form of payment is via a debit or credit card. This is the most convenient payment method available to Stash clients. All bank cards that display a Visa, Mastercard, and Discover Network logo, will be accepted for payment. However, Stash USA might accept additional card brands. This is the sole discretion of Stash and you cannot rely on this being the case every time you make a payment.

Stash USA does not charge a fee for clients who use their bank card. When funding your account or paying your subscription fee, you ought not to incur additional fees. This is subject to change and will be communicated to you if need be. We urge you to read the terms and conditions prior to funding your account, in case any details have changed.

For customer support on the official website, you can scroll to the bottom of the homepage and click on FAQ & Help Center. Here, you’ll find various answers to the most frequently asked questions. However, your query won’t always have a definite answer listed. You can click on the Submit a question button in the event that you’re unable to find a satisfactory answer. You’ll find that a pop-up box appears to the right of the screen. Type your question and click on Ask Question. We tried using this feature and found it to be quite useful.

If these features still leave you scratching your head, you can email Stash USA – support@stash.com or call on (800) 205-5164.

We must mention that we have found various people mention that the Stash USA customer service department needs somewhat of an overhaul. This is certainly a facet of Stash USA platform that can be rectified without too much restructuring.

When investing with any type of online broker, you’ll want to be sure that they’re an accredited company that adheres to financial laws and oversight. For the most part, especially with strict regulatory oversight, firms cannot offer financial services without this being the case. Although the online world might be a little murky at times, we can assure you that Stash certainly operates within the confines of the law. For American citizens, Stash USA provides a platform for safe trading. It’s most likely that you’ll be doing so on a smaller scale than with other online brokers, but it’s still important to make sure that you’re protected as a client.

Stash is not, in itself, a member of the Financial Industry Regulatory Authority (FINRA). However, all the investment accounts are held by Apex Clearing, which is a member of FINRA. Apex Clearing also has a membership with the Securities Investor Protection Commission. This is certainly a good sign for potential Stash clients. Again, Stash is not, in itself, an accredited member of the Better Business Bureau, but does have its own BBB department.

Stash uses the latest in SSL encryption and ensures that the flow of sensitive information is sufficiently protected from third-party entities. Due to the fact that Stash accepts card payments, they are also compliant when it comes to the protection of online card payments. A vast array of security protocols are put in place to ensure the safeguarding of clients’ personal information.

Lastly, your investment on Stash is protected – up until a point. Investments up to $500,000 are protected. This includes cash balances of up to $250,000.

Residents of countries where Stash is available will be eligible to receive the Stash Stock-Back bonus reward. Known simply as Stock-Back, this bonus offer is the proprietary bonus reward for Stash USA clients.

When you spend with your Stash debit card, you’ll receive stocks in exchange. Spend at certain merchants, and receive fractional shares of stock. The non-bonus reward is typically 0.125% stock-back. For the month of July, you’ll receive stock-back if you spend on Netflix, Hulu, Disney, and Spotify. Remember to use your Stash debit card when making the purchase, and you’ll receive 2% stock-back for the above-mentioned purchases.

If this bonus offer interests you and you are in possession of a Stash debit account, then you’re eligible. For more information on the current stock-back bonuses, you can visit your debit account on the app and tap the Stock-Back button, then click on View this month’s bonuses. Terms and conditions apply and you’d be wise to double-check them before pursuing this offer.

Stash has also received various awards for their online broker services. In 2019, they were listed on Forbes Fintech 50. In 2018, the Wall Street Journal mentioned Stash as one of the “Top 25 Tech Companies to Watch”. In the same year, they received the MarCom Awards Double Gold & Platinum Winner.