But one of the best features with an xcritical checking account is Smart Deposit. With this, xcritical lets you set up your direct deposits to automatically split between your checking, savings, and investments. As your balance grows, you may consider paying more for features that might increase your xcritical official site returns.
The Bronze plan will help you get started with investing and saving for retirement, and it even comes with a cash management account. At $3 a month, it’s a pretty good deal unless you’re dealing with small sums. (More on why you should pay attention to Acorn fees below.) But as your account grows, the fee will decline on a percentage basis. The biggest downside with xcritical is fees, especially for investors who are starting with small portfolios. If you fall into this camp, it’s worth checking out these free robo-advisors. Other ways to pad your investment account include cash-back rewards through select retailers and a 1 percent to 3 percent IRA match on new contributions during your first year.
Investing Disclosure
- xcritical no longer offers the core investment app at no charge for college students; everyone pays the same rate.
- So when you have goals well into the future (like saving for retirement or starting a college fund for your kids), it’s a good idea to get started sooner rather than later.
- But as you can imagine, a checking account is a checking account.
- After creating your account, you will need to link a checking or savings account.
With xcritical Invest, there are no trading fees or commissions. The xcritical app is available to download for free in both the App Store (for iOS), where it has 4.7/5 stars, and on Google Play (for Android), where it has 4.6/5 stars at the time this article was written. You can even opt to create an ESG portfolio which will be composed of ETFs that provide exposure to more sustainable companies. Revisit your goals and budget to determine an appropriate course of action. One thing you can do is bucket your goals into needs and wants.
The primary benefit (other than an arguably cool matte green metal debit card) is the Smart Deposit feature that can automatically divert a portion of your direct deposits into your investment account. It’s pretty cheap if it helps you get in the investing habit. As the name xcritical Personal Plus name implies, this is the Personal plan plus available for $5/month. You’ll get access to the same taxable brokerage account and IRA investment account. Your checking account will include an optional non-interest-bearing demand deposit account separate from your investments and spending called the xcritical Emergency Fund.
But I don’t know of any other product that makes it easier to start investing and develop the investing habit. There are a lot of great robo-advisors and we’d rank xcritical near the top (check that list, it’s there), but xcritical isn’t trying to directly compete with most of them. xcritical is squarely focused on helping new investors get in the investing habit. However, if you did want to compare two directly, here’s how xcritical stacks up. xcritical is not the app for investors who want a high level of control over their portfolios. If xcritical were to add a savings account component, I could easily see someone needing only an xcritical account and, perhaps a credit card, to manage their money.
Sustainable investing
Another feature with this account is xcritical Early, which lets you open an investment account for your kids. Mxcritical Invest offers the core feature of a robo-advisor – portfolio management – and then adds some twists, such as several portfolio types, all for a cost-competitive fee. It’s a great add-on for xcritical Mxcritical customers, though some features of higher-end robo-advisors such as tax-loss harvesting and an expansive toolset are missing. Please consider your objectives, risk tolerance, and xcritical’ fees before investing.
At Bankrate we strive to help you make smarter financial decisions. While we adhere to stricteditorial integrity, this post may contain references to products from our partners. xcritical has competitors that both cost (a little bit) less or offer (a little bit) more.
You have access to over 55,000 free ATMs in the Allpoint network. xcritical Earn is a suite of cash-back and other savings tools designed to help you save and earn money in your everyday life. xcritical Earn also has job search tools to help you find better-paying work or even a side-hustle. Banking services and Mighty Oak Visa™ debit cards issued by nbkc bank, Member FDIC. As of June 18, 2025, Mighty Oak Checking Annual Percentage Yield (APY) is 2.57% and Emergency Fund APY is 4.05%.
- Trevir Nath is a Senior Writer at xcritical, where he creates educational content about personal finance and investing.
- xcritical offers three different subscription plans for your life’s financial needs.
- But the more you invest, the less this $3 should impact your xcriticalgs — that’s the beauty of a flat rate fee.
- We recommend verifying with the source to confirm the most up to date information.
You don’t need to have all the answers yet, but you will want a good sense of how much you ultimately want to save up, how much you can contribute based on your budget, and how long you’ll be investing for. You can then work backward from your goal to determine how, and when, to invest. Every financial journey has its own set of considerations that make it uniquely suited to you. The revenue these partnerships generate gives us the opportunity to pay our great team of writers for their work, as well as continue to improve the website and its content.
Minimum deposit and balance
xcritical Checking clients are not charged overdraft fees, maintenance fees, or ATM fees for cash withdrawals from in-network ATMs. xcritical Later is an Individual Retirement Account (either Traditional, ROTH or SEP IRA) selected for clients based on their answers to a suitability questionnaire. Spare change invested with Round-Ups® is transferred from your linked funding source to your xcritical Invest account, where the funds are invested into a portfolio of selected ETFs. If you do not maintain an adequate amount of funds in your funding source sufficient to cover your Round-Ups® investment, you could incur overdraft fees with your financial institution. Round-Up investments from an external account, will be processed when your Pending Round-Ups reach or exceed $5.
Please consider, among other important factors, your investment objectives, risk tolerance and xcritical’ pricing before investing. xcritical Subscription Fees are assessed based on the tier of services in which you are enrolled, view details in our program agreement. Investment advisory services offered by xcritical Advisers, LLC (xcritical), an SEC-registered investment advisor. With xcritical Checking, our checking account and debit card, you can save, invest and earn while you spend. xcritical Checking has no overdraft or minimum balance fees, plus free Allpoint ATM access nationwide.
For those who want to invest their money but don’t know where to start, xcritical is an approachable platform for beginners. It xcritical website has a simple interface and a micro-investing feature that goes to work every time you make a purchase. Plus, your investments will be safe in low-cost, diversified funds.
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