Content of the material
- What is Stash?
- How To Cancel Stash Growth Subscription?
- How Do I Cancel My Subscription to Stash?
- Cancel Stash Beginner and Growth on the Website
- Cancel Stash+ on the Website
- How To Cancel Your Stash Custodial Account
- Why do people cancel their Stash account?
- Frequently Asked Questions
- Can you cancel Stash at anytime?
- How do I cancel Auto Stash?
- How long does it take to close a Stash account?
- Can I get my money back from Stash?
- Why is Stash taking money out from my account?
- Can you cancel your account on the Stash app?
- Canceling a Subscription Vs Closing a Stash Account
- Does Stash steal your money?
What is Stash?
Table of Contents show
Stash is a financial technology and service that operate both on the web and the company’s official mobile app. Stash allow users to invest a small amount of money over time with a fractional share, fee-free trade, and an account starting fee of just $1.
With all the benefits of a Stash account, you can own an account for just $1 and trade freely on the platform for a fractional share which is still in one way or the other higher than what most investment app and websites require.
However, as a beginner investor, Stash is recommended because of its flexibility and the start-up requirement.
Stash features or tools include Set Schedule, Round-Ups, and Smart-Stash that helps investors to find extra cash and re-invest it.
In comparison, Acorns and Stash are a similar platform offering relatively the same service. However, talking about which one is cheaper, Stash is far cheaper and with similar modules-Operandi.
How To Cancel Stash Growth Subscription?
If you were using the $3 per month Stash Growth Subscription pack from Stash and want to cancel it, the process is the same as that of the Stash Beginner Subscription:
- Log into your account from the website www.stash.com
- Go and click on your ‘Name’ in the top right corner of the page.
- Then click on the ‘Subscription’ option from the left-hand side of the page.
- After doing so, select the ‘Manage’ option next to your subscription plan.
- Proceed with ‘Close my stash for good’ from the bottom section of the page.
How Do I Cancel My Subscription to Stash?
Stash doesn’t offer the option to cancel your monthly plan on the app at the moment. If you want to get rid of your subscription, you can do it on the web from your account. The process is the same for Stash Beginner and Growth, but certain features may require additional action. Canceling Stash+ requires different steps.
You can check out the overview of available cancellation options in the table below:
|Can You Cancel With||Yes/No|
Cancel Stash Beginner and Growth on the Website
To stop your Stash subscription on the website, regardless of the tier, follow these steps:
- Log in to your Stash account
- Click on your name
- Select Subscription
- Hit Close my Stash for good
Depending on the Stash features you were using, you will see further instructions on how to close your account completely. The whole process may take up to ten business days.
Cancel Stash+ on the Website
To cancel your Stash+ monthly subscription, you will have to:
- Open the Manage Account page and log in
- Choose Personal portfolio or Retirement portfolio
- Click on Close account and follow additional instructions
- Select Subscriptions on the left side
- Scroll down and hit Close my Stash for good
How To Cancel Your Stash Custodial Account
If you have a custodial account with Stash or you want to cancel certain services available through your subscription, you will have to contact their customer support for more help. Methods to contact Stash customer service include:
- Contact Support web page
In case you choose to reach them using the phone number, DoNotPay can help you jump the queue and avoid long waiting times.
Why do people cancel their Stash account?
Founded in 2015, Stash has quickly grown to become one of the most popular automatic investment tools in the country, with more than 5 million customers using its services by 2020. But despite many prominent organisations praising the service for its fantastic features, not everyone is completely happy with the investment options they’re receiving. This is why many have decided to close their Stash account and move on to another service.
By far, the most popular reason people end up moving on from Stash is the monthly fee. While the highest fee is just $9/month, with some users only investing in increments of $0.01, that monthly fee can be quite detrimental to annual returns. This is also one of the highest chosen reasons why people cancel AT&T and move to another service.
Another reason many people cancel is they simply don’t use Stash anymore. If you no longer use a service, there’s no reason to keep paying for it, so they end up cancelling and saving their money instead. Much like those who’ve gone online wanting to find out how to cancel their Xbox game pass accounts as well.
Frequently Asked Questions
Can you cancel Stash at anytime?
Just like any other site, you will be able to cancel your Stash subscription at any time on the website of Stash, i.e., www.stash.com
How do I cancel Auto Stash?
In Stash, there is a money-saving tool called Auto-Stash, which allows users to save and invest their money instantly. In order to cancel or reduce your Auto-Stash, follow these steps:
- Choose ‘Account’ from the menu in the Stash app
- Select ‘Auto-Stash’
- In this screen, you will be able to adjust the amounts and schedules of your Auto-Stash investments, along with turning off features you do not want.
How long does it take to close a Stash account?
Cancelling a Stash account could possibly take about 72 hours to 10 days. You just need to remember to transfer or withdraw all your money before preparing to close your Stash account.
Can I get my money back from Stash?
Anyone is free to transfer or withdraw money from their Stash account at any time. However, you are only allowed to transfer either the available balance from the Stash account or the available amount to your Portfolio Cash.
Even after cancelling your Stash subscription, the money left in your Stash Bank will not be harmed. You will be granted permission to either transfer that money to your external account or keep on using your provided debit card till the balance comes to zero.
Why is Stash taking money out from my account?
Auto-Stash is a tool in Stash that works by setting up schedules to invest and deposit your money automatically. If you want to turn it off, follow the steps mentioned above in the heading “How do I cancel Auto-Stash?”
Smart-Save is mainly a feature that takes out small amounts of money daily from the account you have linked by keeping track of your spending pattern until you have a zero balance. If you don’t want these, you could either go to the Stash app and turn it off or adjust your minimum balance to stop it from taking any amount from your linked account when your balance reaches that minimum amount.
Can you cancel your account on the Stash app?
No, Stash currently does not support closing accounts or cancelling subscriptions through the app. All cancellations must be done via their website or by contacting them directly.
Canceling a Subscription Vs Closing a Stash Account
As you might be wondering, there is a stark difference between closing your Stash account and canceling a subscription on Stash.
The difference is that when you cancel your Stash membership, your account will not be deleted automatically. Only your subscription will end, but you will get to keep your Stash account until you decide to close it as well.
With the help of the steps above, you can easily say goodbye to your Stash subscription.
However, if you only want to close a small part of it like your brokerage account, but still have your Stash membership active, then you can only do this by reaching out to Stash’s customer service department.
You can dial (800) 205-5164 on your phone to contact them. Note that you do not have the option to do this action using the online website and the app.
In addition to this, you can also delete your account on Stash. All you need to do is send an email to the customer support team.
Make sure to write clearly that you need your Stash account deleted permanently. Even the subject of your email should be titled clearly so that the customer care representative knows the intentions of your email.
A factor to keep in mind is that it may take approximately 72 hours to 10 business days for your Stash account to be closed.
This is why we advise you to transfer or take out all the money you have stored in your Stash account before you decide to close it.
Does Stash steal your money?
No Stash does not steal any money, but if Auto-Stash feature is on, the app will automatically round the trasnsactions which might seem like excessive amounts are being deducted.