Acorns is a legitimate company. The Acorns’ application and website are operated by Acorns Advisers, LLC (“Acorns Advisers”), an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). Securities in your investment accounts are SIPC-protected up to $500,000. Your checking account, Acorns Spend, is FDIC-insured up to $250,000. You can withdraw available funds and/or close your Acorns account at any time.