Stash Review for 2020

Millennial Money icon Rating 9.6 / 10
Stash is an investment and banking app designed for beginning investors. With an exceptional user experience, many account types, and flexible pricing, Stash is one of our favorite investing apps at Millennial Money.
Investing Options9.5/10
Customer Support9.0/10
  • Exceptional mobile experience
  • Competitive fees
  • Bank level security
  • Fractional shares
  • A lot of education resources
  • No free option
  • Bank account interest rate could be higher

Are you looking for a simple and easy-to-use app to start investing with? Stash is an option worth checking out.

Not only is Stash one of the best investing apps – but it is also one of the easiest apps to get started with.

Unsurprisingly, the app is one of the fastest-growing platforms available today, with over four million Americans already taking advantage of what it has to offer.

In this post, I’ll cover Stash in more detail. You’ll learn about its best features – and find out answers to questions that I most frequently get asked about Stash (such as whether it’s legit, safe, and if investing with Stash is a good idea).

What Does Stash Offer?

Stash is an investment and banking app rolled into one easy to use platform squarely aimed at people who have little to no experience investing. It allows you to grow your financial portfolio through easy-to-use savings strategies.

To help you save more, it also gives you the opportunity to learn more about finance and investing through education and recommendations.

Knowing that it’s educating you at the same time is a big bonus – especially if you’re new to the whole investing game, and don’t have very much money to start with.

stash app

Stash Investment Account

A Stash Investment Account is another type of account you can easily set up on Stash. It allows you to invest in Stocks, ETFs, and bonds with as little as $5.00. They also offer the option of fractional shares.

Stash offers three main subscription plans that can be set up depending on your financial goals.

Let’s quickly go through each one and see what they offer.


The beginner plan might be for those who are just starting out – and want to invest in the simplest possible way as well as learn the basics of investing.

With the Beginner plan, you get a personal investment account, debit account access, Stock-Back rewards, and free educational content, helping you learn as you go.

The Beginner plan costs $1 a month.


This plan might be for those looking to build a more stable foundation for their financial life.

You can get a personal investment account with tax benefits for retirement investing, debit card access, Stock-Back rewards as well as free financial education.

The Growth plan costs $3 a month.


Finally, there’s Stash+! You can use this plan to grow your financial power.

You get all of what the Growth plan has to offer plus investing accounts for two kids, a metal debit card with 2x Stock-Back rewards, as well as monthly market insights reports.

The Stash+ plan costs $9 a month.

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Stash Bank Account

A Stash bank account works pretty much like your average bank account and comes loaded with many features aimed at making your financial life as easy as possible.

If you get your pay directly into your Stash account, you could get it up to 2 days earlier subject to verification processes. You can also withdraw money from thousands of ATMs without paying any fees, and what’s more, there are no overdraft, monthly, or set-up fees involved.

Since Stash is there to help you invest, they also have a rewards scheme called Stock-Back, which is quite cool. If you make a purchase at a publicly-traded company, say Chipotle or Amazon, you will get rewarded with a percentage of that company’s stock. If you purchase at a local store, you will earn Stock-Backrewards in a diversified ETF.

Stash promises no hidden fees, including no minimum balance fees and no monthly maintenance fees. This is great if you’re not always at the top of your finances.

The app also tracks your purchases and provides you with helpful insights on your spending habits so that you can have a deeper understanding of what you spend your money on and as such, helps you to save more.

  • Stash Bank account is FDIC-insured
  • There are no overdraft, set-up or monthly fees
  • You can get paid up to 2 days early
  • You get access to thousands of fee-free ATMs
  • Access to Stock-Back rewards – a rewards program that invests for you as you spend

stash banking account


Stash Retirement and Custodial Accounts

With Stash, you can also plan for longer-term investments by setting up retirement and custodial accounts to save for your retirement or your kids’ future, respectively.

Retirement accounts let you save on your tax bill with both Roth IRA and Traditional IRA accounts available. Which one you choose will largely depend on your financial goals.

stash retirement account

Just like the retirement account, custodial accounts grow over time thanks to compounding interest, and Stash will be there to help you maximize your savings along the way.

Features such as Auto Stash can also help you easily stay on track with automatic transfers at a schedule you can set yourself.

stash custodial account

Educational Resources

I’m sure you’ll agree that investing can be unnecessarily complicated. The jargon the financial industry uses can sound alien to the uninitiated, which, together with the high barrier entry, makes it impossible for those who do not have a Ph.D. in finance to invest in a way that they understand what is actually going on.

This is why Stash offers a coach and a financial education platform that breaks down the unnecessary complexity surrounding financial investments so that you can not only understand what is going on but also have access to sound advice you can act on.

Stash Learn and Stash Coach

Features like Stash Learn and Stash Coach can help you quickly understand the intricacies and jargon that surround the world of investments.

Stash Learn covers the topics of finance and investment news, as well as practical money coverage tips and solutions for everyday situations. Stash Coach provides personalized financial coaching, making learning about investing fun.

You can learn about the investment world through completing sets of challenges, designed specifically to help you understand investing better.

stash learn

Stash FAQs

Because Stash is changing investing, there are a lot of questions about the app. Here are some of the most common questions about Stash investing.

Is Stash Legitimate?

If you’re still not sure whether Stash is legitimate, the short answer is yes. Stash is a legitimate financial solution, registered with the US SEC and FDIC insured (more on that later). The company has been in business since 2015 and has since then experienced encouraging growth.

It has also been recognized by The Wall Street Journal as one of the tech companies to watch in 2018, as well as a few other awards recognizing Stash as a leader in what they do.

What Are Fractional Shares?

Shares can be quite pricey things to buy, putting them out of most people’s reach. Fractional shares, on the other hand, make investing quite affordable for everyone.

When talking about fractional shares, what essentially happens is that a broker; Stash, in this case, allows you to buy a percentage of that share, thereby making it more affordable.

You can also buy ETFs about causes that are close to your heart, such as social media, green energy, and gender equality. There are over 60 different ETFs to choose from.

What are ETFs?

ETF, which stands for Exchange Traded Fund, is a collection of different investments put together as one investment.

ETFs are usually constructed in such a way as to track the performance of an underlying index ex-S&P 500. Stash has several EFTs available to invest in that are way more user-friendly than indices.

Is Investing With Stash a Good Idea?

If you’re looking at taking the next step towards financial freedom, investing is always a good idea. There is a caveat here that needs to be mentioned; investing is always a good idea, as long as you understand what you’re investing in.

This is what makes investing with Stash a good – or even great idea: their financial education system is just brilliant at helping you understand what you’re investing in and how you should invest your money to see a healthy return.

Of course, investing can be risky – but understanding that risk goes a long way in making sure you are investing with your head and not over it.

Is Stash a Safe App?

When you decide to invest your money, it’s absolutely crucial to make sure you go for a company that’ll keep your money safe. And what about Stash? You have nothing to worry about – the company takes all necessary security precautions to ensure the Stash app and your account are as secure as possible.

All Stash accounts need a user ID, a password, and a pin to log in successfully. Furthermore, you can also use your phone’s biometric sensors such as fingerprint readers, to enhance the security of your account further.

All data is encrypted using 256K bit encryption, which is one of the most secure encryption methods available today. The application also uses TLS to ensure all communication between you and the server is protected.

It is also worth mentioning here that Stash is PCI-DSS (Payment Card Industry Data Security Standard) compliant, which makes it as safe and reliable as they come.

Is Stash FDIC Insured?

Not only is Stash registered with the US SEC (Securities and Exchange Commission), but your account is also FDIC insured. Investments with Stash are protected up to $500,000 ($250,000 of which are for cash).

Is Stash A Good Investment Option?

stash app reviewSo, now that you know more about Stash, could it be the right investment app for you? What I like the most about Stash is that it simplifies investing, and makes it accessible to everyone. Saving and investing aren’t the easiest things to do when you don’t have much money to spare or years of first-hand investing experience.

But whether it’s retirement money, your emergency fund, or anything in between – healthy finances are pivotal to a healthy life.

This is why Stash can be such a useful financial tool in your pocket (literally). Not only is Stash a legit investing app – but it is also an excellent way to save and grow your money. You can start to grow your money pot while you learn about the ins and outs of investing, taught to you in simple and fun ways.

Stash helps you stay involved in how your money is saved and how it grows, and could help alleviate the concerns many new investors have – such as not understanding the language, or worrying that they don’t have a large enough sum to start with.

With Stash, you can start with as little as $5, making it easy to kick-start your investing journey with as little as the cost of two coffees.

Millennial Money is a paid Affiliate/partner of Stash. Investment advisory services offered by Stash Investments LLC, an SEC-registered investment adviser.

Grant Sabatier

Grant Sabatier

Creator of Millennial Money and Author of Financial Freedom (Penguin Random House). Dubbed "The Millennial Millionaire" by CNBC, Grant went from $2.26 to over $1 million in 5 years, reaching financial independence at age 30. Grant has been featured in The New York Times, Wall Street Journal, BBC, NPR, Money Magazine and many others. He uses Personal Capital to manage his money in 10 minutes a month.
Grant Sabatier

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