cancel stash

How To Cancel Stash [100% Working]

Whether you are bored with investing in Stash or think it’s not for you anymore, it’s time to cancel the subscription. There are various ways to cancel your Stash, which we will be sharing with you today in this article. We will also be dealing with some frequently asked questions that could possibly come to your mind while or before cancelling Stash.

About Stash

Founded in February 2015, Stash is a financial technology service that makes investing easier and more affordable for US citizens and legal residents. The company, based in New York, allows its users to invest in small amounts through both a website and an application.

The target audience for Stash is beginner investors or new investors who get overwhelmed with the amount of information that is accessible online in terms of investing. Stash is also very helpful for those who are interested in doubling their investment in the investment world but don’t want to go all-in and risk their money or don’t know where to start from exactly. There are almost about 4-5 million users of Stash, and approximately 86% of the users are first-time investors.

However, even though Stash has been helpful for several people who wanted to invest their money, Stash has received a lot of negative feedback due to its high monthly price. These monthly fees often exceed and hugely affect those who have an insufficient account balance. The high ETFs (Exchange Traded Funds) offered by Stash are very fairly changeable. However, it has got a high expense ratio that could affect a user’s long-term return policy.

Thus, if you have decided upon the need to cancel your Stash subscription, here are some of the main ways for users to cancel Stash:

How To Cancel Stash Beginner Subscription?

If you were using the $1 per month Beginner pack of Stash and want to cancel the subscription, here are the steps you need to follow:

  1. Log into your account from the website www.stash.com
  2. Go and click on your ‘Name’ in the top right corner of the page.
  3. Then click on the ‘Subscription’ option from the left-hand side of the page.
  4. After doing so, select the ‘Manage’ option next to your subscription plan.
  5. Proceed with ‘Close my stash for good’ from the bottom section of the page.

How To Cancel Stash Growth Subscription?

If you were using the $3 per month Stash Growth Subscription pack from Stash and want to cancel it, the process is the same as that of the Stash Beginner Subscription:

  1. Log into your account from the website www.stash.com  
  2. Go and click on your ‘Name’ in the top right corner of the page.
  3. Then click on the ‘Subscription’ option from the left-hand side of the page.
  4. After doing so, select the ‘Manage’ option next to your subscription plan.
  5. Proceed with ‘Close my stash for good’ from the bottom section of the page.

How To Cancel My Stash+ Subscription?

If you have subscribed to the $9 per month premium plan offer from Stash, here are the steps you need to follow:

  1. Go all the way up to the ‘Manage Account page’ and ‘Sign in’ to your account.
  2. Choose one from the options: ‘Personal Portfolio’ and ‘Retirement Portfolio’.
  3. Then select ‘Close Account’ and follow some instructions related to closing your account.
  4. Tap on the ‘Subscription’ option on the left-hand side.
  5. Proceed with ‘Close my stash for good’ from the bottom section of the page.

How To Cancel Stash From Donotpay?

If you want an urgent cancellation of your monthly Stash charge in a few minutes, then you can use the DoNotPay website or app instead. This will help you stop paying for the Stash service in just three easy steps:

  1. Log into your DoNotPay account from your preferred web browser or download the application from the App store.
  2. Click on the ‘Find Hidden Money’ section on the page.
  3. Enter ‘Stash’ when demanded.

What Happens When You Cancel Your Stash Account?

It is important to keep in mind that after you cancel your Stash subscription, it will sell all the investments you held. It will return the funds to your account. Also, the money which was left in your Stash Bank will not vanish after you cancel your subscription.

 You will be able to either transfer that money to your external account or keep on using your provided debit card till the balance comes to zero. If you get paychecks from Stash Direct Deposit, you must surely inform the company about closing your account on time.

Stash+ users might have to pay some Internal Revenue Service (IRS) penalties after closing their retirement portfolio.

Stash will also continue to email you with regards to any relevant tax documents along with a link in order to download them.

Frequently Asked Questions

Can you cancel Stash at anytime?

Just like any other site, you will be able to cancel your Stash subscription at any time on the website of Stash, i.e., www.stash.com 

How do I cancel Auto Stash?

In Stash, there is a money-saving tool called Auto-Stash, which allows users to save and invest their money instantly. In order to cancel or reduce your Auto-Stash, follow these steps:

  1. Choose ‘Account’ from the menu in the Stash app
  2. Select ‘Auto-Stash’
  3. In this screen, you will be able to adjust the amounts and schedules of your Auto-Stash investments, along with turning off features you do not want.

How long does it take to close a Stash account?

Cancelling a Stash account could possibly take about 72 hours to 10 days. You just need to remember to transfer or withdraw all your money before preparing to close your Stash account.

Can I get my money back from Stash?

Anyone is free to transfer or withdraw money from their Stash account at any time. However, you are only allowed to transfer either the available balance from the Stash account or the available amount to your Portfolio Cash.

Even after cancelling your Stash subscription, the money left in your Stash Bank will not be harmed. You will be granted permission to either transfer that money to your external account or keep on using your provided debit card till the balance comes to zero.

Why is Stash taking money out from my account?

Auto-Stash is a tool in Stash that works by setting up schedules to invest and deposit your money automatically. If you want to turn it off, follow the steps mentioned above in the heading “How do I cancel Auto-Stash?”

Smart-Save is mainly a feature that takes out small amounts of money daily from the account you have linked by keeping track of your spending pattern until you have a zero balance. If you don’t want these, you could either go to the Stash app and turn it off or adjust your minimum balance to stop it from taking any amount from your linked account when your balance reaches that minimum amount.

Conclusion

All in all, cancelling Stash is a safe and easy process. Since it even sells all your investments and returns the funds back to you, it is a good reason enough to stop your subscription. The left money in your Stash bank will be transferred to the bank account that you have linked.

Thus, if you are planning to cancel Stash, do it today!

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