Stash Explores Options With Advisers Including Possible Sale (2024)

FAQs

Stash Explores Options With Advisers Including Possible Sale? ›

Consumer finance startup Stash is hiring investment bankers to explore options, including a financing or a sale, according to people familiar with the matter. The company hasn't made a final decision and a sale isn't imminent, said the people, who asked not to be identified because the details were private.

When you sell an investment on Stash your transaction is queued up and executed during one of our four trading windows, (two in the morning and two in the afternoon). This means that the sale price of your stocks may change because we don't immediately sell your investment when you initiate a sale.

Stash makes selling investments easy and painless. When selling, you have the option to sell a specific dollar amount or the entire investment. Please note that there's a mandatory two business day holding period after the sale before your cash will be available to 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.…

When you use Stash, your information is encrypted and stored on secure servers, and your funds and securities are held with your security in mind. Your current investments are covered up to a maximum of $500,000 total, including $250,000 in cash balances through the Securities Investors Protection Corporation (SIPC).

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.

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,…

​When you cash out all or part of your Stash, the transaction is sent to your bank immediately. However, the money may take up 7 working days (usually a lot quicker than that) to reflect in your bank account. This is something that we do not have control over as the different banks have their own processing rules.

Can you trade options on Stash? ›

Both Stash and Robinhood offer retirement accounts (Roth or Traditional IRA), and Stash also offers custodial accounts for kids. For those wondering if you can trade options on Stash, you can't—in this case, options traders may prefer Robinhood, which offers both options trading and margin trading accounts.

We're all about transparency. Unlike other investment apps, we don't have banking overdraft charges ² or add-on transaction fees†—just a flat monthly subscription ($3 or $9 per month) for access to all your money needs.

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.

The best investment app depends on your preferences. Robinhood tends to be better for those who aren't seeking personalized portfolio recommendations, along with those who want access to options trading and cryptocurrency. Stash is a better fit for those who want personalized investment and financial recommendations.

In general, Stash is most likely to appeal to DIY, hands-on investors, while Acorns tends to be a better fit for investors who want to outsource management of their investments. But Stash also offers a managed portfolio. Below, a full comparison of Stash and Acorns.

​When you cash out all or part of your Stash, the transaction is sent to your bank immediately. However, the money may take up 7 working days (usually a lot quicker than that) to reflect in your bank account. This is something that we do not have control over as the different banks have their own processing rules.

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.

It helps you make money because you earn Stock-Back® rewards when you spend on gas, groceries, dining, or purchases of any type at participating merchants. 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.

Stash charges no standard transfer fee, but there is a 1% fee for instant transfers. A $75 ACAT fee is charged if an investor chooses to move assets to another brokerage firm. Stash customers can withdraw from their Smart Portfolio at no cost, and there are no fees for selling investments.