How is my money on Stash protected? (2024)

FAQs

How is my money on Stash protected? ›

For uninvested funds, your Stash account is enrolled in something called the Apex FDIC-insured Sweep Program. Deposits to the Sweep Program are covered by FDIC insurance up to the $250,000 limit per customer at each FDIC-insured bank that participates in the Sweep Program.

Stash plans on being around for a long time. However, if we were to be acquired, you would maintain complete control of your investment accounts. No matter what, your investments are always yours. All Stash accounts are held by our trusted partner and custodian Apex Clearing,…

To protect you from fraud, we hold all transfers from an external bank account to your Stash banking account for a period of up to five business days. Once this holding period is over, your money will be available for use.

We use bank-level security, the kind used by the wider financial industry, as part of our system that keeps your data secure. Stash employs 256-bit encryption to protect all your information, from personal data to transaction history.…

There are four factors that may impact your ability to transfer out of your Stash Personal Brokerage portfolio: Invested funds: If you want to transfer money you've invested, you'll need to sell those investments first. Unsettled sales: Funds from an investment sale will take two business days to settle.

Q. How are refunds calculated if I close my Stash account or close my subscription plan? Stash will refund any and all pre-paid portions of your Stash subscription fee in accordance with the terms of your Advisory Agreement.

Other notes about canceling your Stash plan:

When you close your Personal brokerage account, all of your investments will be sold. Proceeds will be returned to you through your external linked account. We recommend transferring your Stash banking account balance to your external bank account before cancel your plan.

All Stash accounts are held by our trusted partner and custodian Apex Clearing, a registered broker-dealer regulated by FINRA. At Apex, your investments are protected up to a maximum of $500,000 total, including $250,000 in cash balances through the Securities Investor Protection Corporation (SIPC).

It's a good idea to keep enough cash at home to cover two months' worth of basic necessities, some experts recommend. A locked, waterproof and fireproof safe can help protect your cash and other valuables from fire, flood or theft.

Do you actually make money with Stash? ›

With the Stash Growth plan, you can earn 0.125% Stock-Back®, and the Stash+ plan pays 1% Stock-Back® on the first $1,000 you spend monthly. Both plans offer bonuses of up to 2% and 3%, respectively, at certain merchants. These Stock-Back® rewards actually give you shares of stocks at the companies you shop at.

Stash takes safeguarding your personal information very seriously—we use it only for identification purposes, and we never perform credit checks. As a financial service institution, we're required by law to obtain, verify, and record identification information.

Stash offer suit different investors—if your priority is long-term investing with assets like ETFs and stocks, you may favor Stash. But if you're interested in short-term trading, Robinhood has more investment options. Many of the differences between Stash vs. Robinhood come down to the features they offer.

**Withdrawals of the money (Contributions) you put in are penalty and tax free. Prior to age 59½, withdrawals of interest and earnings are subject to income tax and a 10% penalty. All earnings are tax free at age 59½ or older, assuming your first contribution was more than 5 years prior.

Stash Invest accounts are taxable brokerage accounts. You are required by the IRS to report income earned from capital gains and other applicable distributions. This means you will need to pay taxes on money you make through capital gains, dividends, and income interest.…

Stash offers access to FDIC-insured banking accounts through Stride Bank N.A., member FDIC.

Yes. If you have a Roth IRA, you may close your account and withdraw your funds at any time. However, if you have not yet reached 59 ½ years old, you may be subject to penalties and taxes by the IRS.…

Follow the prompts to sell your investment. It can take 5-10 business days for the sale to process and settle.

Apex Clearing is our custodian firm that handles services for your account. These services include custody of assets, reporting, trade confirmation, settlement, and securities delivery.