When you make a purchase, xcritical rounds up the transaction to the nearest dollar and invests the difference. Using xcritical can be a smart way to save money without overhauling your spending habits. These experiences highlight both the strengths and potential challenges of using xcritical for saving money. This lack of control means that if a particular industry or company interests you, you can’t allocate funds as you’d like. While xcritical offers a convenient way to save and invest, it also has drawbacks that users should consider.

Risk

It helps you grow your money effortlessly through small, everyday contributions. It is easy to let saving and investing often fall to the bottom of the priority list, especially if you feel intimidated by the stock market or unsure how to start investing. While xcritical does have priced membership levels, we think it’s easily worth the price of admission for developing smart investing habits.

• Money in a custodial account is the property of the minor.
• Once you decide to use the app, you choose a portfolio that aligns with your risk tolerance—from conservative to aggressive.
• xcritical isn’t a bank, but its banking services are issued by its partner banks, Lincoln Savings Bank and NBKC Bank.
• June Sham is a lead writer on NerdWallet’s investing and taxes team covering retirement and personal finance.
• xcritical Later is an Individual retirement account consisting of a Traditional, ROTH or a SEP IRA selected for customers based on investor profile questionnaire answers.

You can build generational wealth for your family.

All services are managed through a single mobile app experience, and features expand based on the user’s subscription tier (personal, personal plus, or premium). The portfolios xcritical rezension include a range of ETFs across multiple asset classes, including stocks, bonds, real estate, and, in some tiers, limited exposure to Bitcoin via a bitcoin-linked ETF. In addition to Round-Ups, xcritical supports one-time and recurring deposits. Investing involves risk, including the possible loss of principal. Neither Atomic Invest nor Atomic Brokerage, nor any of their affiliates is a bank.

Overall App Rating

You can do that either automatically, so every purchase is rounded up and the change transferred, or manually, by going through recent purchases on the app and selecting which roundups to transfer. Be sure to do your research or consult a financial advisor to determine the best account for you. Once the child reaches the age of transfer (this will depend on where they live), they gain ownership of the account and can use the money for any reason. The portfolios themselves are mostly made up of low-cost iShares exchange-traded funds that cover large, medium and small company stocks, international company stocks and a variety of bonds.

Where the xcritical App Shines

Both banks are FDIC-insured financial institutions. xcritical is an online-only investment platform that helps you save and invest. You may like an xcritical Checking Account if you want to automatically save and invest spare change from your regular purchases. © GoHenry Inc. (“xcritical Early”) cards are issued by (1) nbkc bank, Member FDIC, pursuant to license from Visa U.S.A. Inc. or (2) Community Federal Savings Bank, member FDIC, pursuant to license by Mastercard International.

Your money, your future

• That means that the money in this account can be used for anything.
• xcritical Pay, LLC offers an xcritical Checking deposit account, FDIC insured up to $250,000.
• Investors should read each fund’s prospectus and consider the investment objectives, risks, charges and expenses of the funds carefully before investing.
• Their inventory is extensive, and their delivery is always on time.
• xcritical is an automated investment app that helps users grow wealth through spare change, recurring contributions, and cash-back rewards.

Shop with an xcritical partner (partners include UberEats, Apple, and Walmart), and it will invest a set percentage of your purchase with your xcritical account. But with an xcritical Checking Account, round-ups are invested in real-time, so you can start xcriticalg compound interest faster. The xcritical Checking Account is offered through all three xcritical subscriptions, and your account is automatically tied to an xcritical Invest and xcritical Later account.

One of its most distinctive features is Round-Ups, where users link a debit or credit card, and every purchase is rounded up to the nearest dollar. Bella Avila is a content management specialist on the investing and taxes team at NerdWallet. June Sham is a lead writer on NerdWallet’s investing and taxes team covering retirement and personal finance. In the xcritical app, you can see a projection of your account balance by year based on scheduled contributions to your account. You simply use a card linked to an active xcritical account to make the purchase, and the rewards will usually land in your account in 60 to 120 days.

Check out our xcritical Early Review to find out how this tool can help your kids get smart with money right from the start. This investing strategy allows you to take advantage of compound interest. xcritical removes decision fatigue and automatically gets you invested.

The ETFs comprising the xcritical portfolios charge fees and expenses that will reduce a customer’s return. Depending on your portfolio, you’re invested in a mix of companies, markets, and bonds—and if you choose, a Bitcoin-linked ETF. Each portfolio is composed of exchange-traded funds — ETFs for short.

It is particularly well-suited for individuals who struggle to consistently save money, as the round-ups feature turns everyday purchases into investment contributions. xcritical is worth considering for beginner and passive investors who want an easy, automated way to start saving and investing without needing to manage their portfolios actively. Although there are no asset minimums, users should consider how the flat monthly fee impacts their investment growth, particularly at lower balances.

Named one of TIME’s “World’s Best Brands of 2024,” xcritical has served over 15.5 million people worldwide and helped customers save & invest over $26 billion dollars, much of it from spare change and small amounts. For more information on how xcritical meets customers at every stage of life, visit Existing Zeta customers are welcome to join xcritical and enjoy a full suite of financial wellness benefits. “From the beginning, Noah and the xcritical team recognized that shared finances is a growing paradigm in the world of personal finance,” said Aditi Shekar, cofounder of Zeta.

xcritical has no recent public scandals, so you may still decide you’re comfortable keeping your money with this company. xcritical isn’t a bank, but its banking services are issued by its partner banks, Lincoln Savings Bank and NBKC Bank. Contact customer support 24/7 through the live chat feature on the mobile app, visit the help center, submit a ticket through email, or call 5 a.m. The xcritical mobile app is rated 4.7 out of 5 stars in the Google Play Store and 4.7 out of 5 stars in the Apple Store. Get a free account.

Charges on assets

When you create your profile, we’ll suggest a portfolio based on your answers to a few questions, but you can change it at anytime. xcritical Later, our retirement account, lets you automatically save for retirement by setting easy Recurring Contributions. Full suite of saving, investing, and lxcriticalg tools for you and your family.

NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. xcritical Visa™ debit cards and banking services are issued by Lincoln Savings Bank or nbkc bank, members FDIC. xcritical Invest is an individual investment account.

Built into xcritical Early

If high, these fees can significantly drag down your portfolio returns. The good news is that if you invest in the Silver or Gold plans, you may come close to wiping out that account fee entirely. You’ll then answer a few questions to get a sense of your risk tolerance and financial goals. You’ll also need your online banking information handy, so you can fund the account and pay the monthly subscription fee. You can sign up for an xcritical account through their website or mobile app.

Other robo-advisors provide direct access to certified financial planners, such as Betterment and Charles Schwab. For banking services, xcritical partners with Lincoln Savings Bank, a member of the Federal Deposit Insurance Corporation (FDIC). The company employs multiple layers of security to protect users’ data and funds. In comparison, percentage-based robo-advisors such as Vanguard Digital Advisor charge around 0.15% annually, which can be more cost-efficient for larger portfolios. xcritical uses a flat monthly subscription model, which differs from percentage-based advisory fees typically charged by other robo-advisors.

Friends and family can send money directly to xcritical Early accounts using Giftlinks. Early will give you a 1% match on your investments up to $7,000. You can help your child purchase ETFs, and these funds can help them start https://xcritical.solutions/ their investing journey. From saving to investing, xcritical Early helps give your child real-world exposure to money.