Raiz

They are very easy and straightforward when taking funds from me, however the complete opposite can be said when you're trying to get the funds.... That is your money! It's been an endless back and forth 'verification process' communication via email, one email says one thing, the other is saying completely different...
I don't see how I can make anything noticeable over time using Raiz. Not at all

I tried it for 6 weeks with a moderately aggressive investing profile. I put $3k in, lost $68 on the markets, got $6 in round offs (and I shop a lot), $29 in fees.... It's not worth it to me.

Even without the loss to markets I'd be behind. Raiz relies on the markets to lift your earnings, right now they're crap so forget it. If you're relying on round offs to make you some money ... ESPECIALY FORGET IT .

Raiz is a business with overheads, they all get paid first, then you. I think it's a trendy product that has no intrinsic value.

Easy to get out of though, that's one positive.

I recently tried to change the bank account associated with the Raiz account. One of the many things they asked for to make the change was a selfie ‘REALLY’. All the other accounts I had to change were easy, but Raiz was just too hard, so closing it down 1 July. Hardly made any money anyway after they had taken their monthly fee.
Recommendation is don’t bother.

Raiz charges you fees without your consent. They won’t tell you they are charging fees - I was recently charged $3.50. And for what? Listen to the barefoot investor-do not use

Seriously, read the 1 star reviews here. All true. I experienced them all that’s why I closed my Raiz almost a week ago.

It didn’t tske long for them to get money out of your bank but their transfer process takes long time. Almost a week now, i still haven’t got my money back.

Fee of 3.50 does not appear in your raiz statement.. all the sudden i realised they had taken fee while I didn’t make money from my “investment” to cover the fee.

Don’t get into their trap!!!!!

they took five thousand from my account with any authorisation. What a fraud organisation this is, stay away from this dodgy, fraud. Bunch of morons living off someone's money like pests do

I have been using Raiz for over a year. I have found it a very helpful way to save money. Over the first year I used the app, I have managed to save a few thousand dollars.
I use both the round up function, recurring investments and also Raiz Rewards. I must highlight Raiz Rewards. This is a great way to get free cash-back for my online shopping.
Highly recommend.

Love using Raiz to save some money for the future. Easy to use and transparent with their low fees. Just don't ride the daily ups and downs of the market!

I use Raiz Invest for Round-ups and recurring investments. They get invested automatically and I don't even have to know anything about financial markets. Perfect for building my holiday fund!

To preface my review, I've been using Raiz since it launched in February/March 2016 (back then it was known as Acorns). This will also be a long review as there is quite a lot to cover, so buckle in! If you want a general summary skip to the end and read the TL;DR.

***Introduction***

I personally am of the firm belief that *anyone* can become a millionaire, all it takes is discipline and more importantly, time. Investing in a diversified set of stocks over a period of thirty to forty years can help people to grow their wealth so that one day ...

I have found it a helpful way to help me save, set and forgot it with the recurring transfer and round up features. Can’t comment on returns yet as have only been using since November. If you’re thinking of giving it a go use WSJBU3 for a $5 kicker

dont fall for the 5star ratings, they from scammers asking to use their codes so they make money. I put $200 a year ago and i closed my account with a profit $3. They direct debit directly from your bank(so it wont reflect on your raiz account) for maintenance fee $3.50(very smart) every month which added up to $42 for a year so my loss is $39 after a year. so stay away from them my advice there are plenty of other options out there if you do your own research or simply leave the money in the bank.

These people will gladly take you money from anywhere you approve within minutes but when its time to pay you off omg they are the worst. Your money will not be released, you will beg, plead, cry and you will still get nothing. Run away as fast as you can

Started 3 weeks ago and slowly can see my account growing day by day. Awesome for people wanting to make a start into investments. Would highly recommend it to everyone.

High fees, terribly designed app, and poor customer service.

Will happily take your money, good luck getting it out in a timely fashion. Factor in 2 weeks best case scenario. How can every other share service have your money to you in a defined time frame. Here’s a radical idea; user sells shares and you send the money in T+3 business days. Here’s another radical idea, spend some of those high fees improving your processes so they are customer focused.

Skip this business, go try other investing apps like comsec pockets, run by a legitimate bank that has processes and strong customer support.