Bits of Stock offers fractional shares in a wide selection of NYSE- and NASDAQ-traded stocks and ETFs (Exchange Traded Funds), with many popular options available. For a full list, users can check their portfolio or reach out to [email protected].

The use of Bits of Stock Invest the Rest is free; however, there is a $5.99 monthly charge paid directly to Bits of Stock for users who wish to upgrade to the Bits of Stock Rewards account.

Yes, by continuously earning fractional shares with everyday debit card purchases, users can gradually grow their wealth and work toward long-term financial goals.

Yes, they can personalize the Round-ups program by choosing a frequency (daily or weekly) and adding a multiplier of 1x, 2x, 3x, or 5x to boost their investments.

Users can pause Round-ups at any time from the settings on the Bits of Stock platform. Choose to pause for 3 days, 1 week, or indefinitely. They can unpause whenever they're ready to resume, giving them flexibility to manage their savings and investments.

While users can't set a spending cap on Round-ups, they can pause the feature at any time, for as long as desired.

Round-ups apply to all spending transactions made with the debit or credit card linked to the users' Bits of Stock Rewards account. However, certain types of transactions, such as ATM withdrawals or direct transfers, are excluded.

Visit the Knowledge Center on the Bits of Stock website (https://www.bitsofstock.com/app-support) for FAQs, tutorials, and guides. For further assistance, the user can contact support via email at [email protected].

You can accumulate rewards in your previously selected stock by making purchases with your debit card and the connected checking account. Once you reach the threshold of $5, you can redeem the rewards at any time. A redemption button for the selected stock will become available in your Rewards module. Clicking on it will initiate the redemption, with the redeemed stocks becoming visible in your Bits of Stock portfolio within just minutes.

At the start of the program, you are prompted to select a rewarding stock from a curated list of stocks in the "Rewards" module. After the initial pick, you can change your selection anytime by picking a different stock from the list. The stock that is active at the time Bits of Stock recognizes the debit card transaction will be the stock in which rewards are collected.

First-time users need to click the BITS OF STOCK menu item from within digital banking, then navigate to "Open Brokerage Account." Approval of the brokerage account takes one business day. Users can start investing once their brokerage account has been approved.

Round-ups work by rounding your purchases up to the nearest dollar and investing the spare change. For example, if a user spends $4.50 on a coffee, $0.50 is rounded up and set aside. Transactions are recognized on the first day, and by the end of that day (or early the next morning), the funds are transferred. Once the funds arrive, typically after two to three days, the round-ups are processed and reflected in the user's account.

At Bits of Stock, users choose from a wide range of fractional stock options, ensuring they find something that aligns with their interests and goals. This seamless process ensures that spare change is quickly and efficiently invested in the user's chosen stock.

Orders are processed during stock market hours (9:30 AM to 4:00 PM ET, Monday to Friday). Bits of Stock does not support off-market trading at this time. Redemptions initiated outside of these hours will be processed once the market reopens.

The Rewards & Round-ups tab on the Bits of Stock platform makes it easy to track their Round-ups. Users will find a detailed overview of their purchases and the Round-up amounts in an intuitive, easy-to-use interface.

Northland facilitates Bits of Stock in empowering users to learn about investing through firsthand experience. By rewarding users with fractional shares, they can gain exposure to the market, build wealth gradually, and develop a better understanding of investing fundamentals—all through their everyday purchases.

The Bits of Stock application is built into Digital Banking; it's simple, user-friendly, and interactive. Users can click the BITS OF STOCK menu selection, which loads the investment tool right from within Digital Banking, giving the user instant access.

Yes, users can earn up to $15 in rewards each month. Once this cap is reached, additional rewards will not be earned until the following calendar month. This may be different from the statement cycle.

There are no additional fees for using the Round-ups program with Bits of Stock.

No minimum investment amount is required to start. Bits of Stock also offers zero-commission trading starting with amounts as low as $0.01.

A fractional share is a part of a full stock. Instead of buying a full share, you can invest in smaller portions, making it affordable to own high-priced stocks. For example, if a stock costs $100 and you invest $10, you would own 1/10th of a share. Fractional shares are beneficial for those who want to invest in high-priced companies without buying a full share.

The hours during which stock trading occurs, typically Monday to Friday, 9:30 AM to 4:00 PM (ET).

Stock Rewards are earned for Bits of Stock Reward accounts when users make purchases with their Northland debit card from their checking account. A percentage (e.g., 1%) of each purchase, up to $15 monthly, is rewarded as fractional shares of the selected stock, which users can accumulate and redeem once they reach the set threshold (e.g., $5).

Monetary rewards earned through transactions with your Northland debit card in selected stocks. Users accumulate fractional shares and can redeem them once a certain threshold is met.

Before processing a Round-up transfer, we check the bank account balance to ensure there are enough funds. If there aren't sufficient funds, the transfer won't go through, and the associated Round-ups will be canceled. The user's Round-ups will resume at the next interval (daily or weekly), and they'll receive a notification if a transfer fails.

If users close their Rewards account, both the Stock Rewards program and Round-ups will stop. They won't be able to link a new account once the program ends.

Transactions made over the weekend are added to users' Round-up balances on the next business day. From there, they are processed as usual.

The time it takes for a stock trade to finalize, typically one business day for orders and two business days for redemptions in Bits of Stock.

Northland offers users to open a brokerage account with Bits of Stock. This account allows them to buy and sell fractional shares while collecting rewards in them. Users can withdraw their funds, including redeemed Stock Rewards, into their connected accounts. It is also possible to deposit funds from the connected checking account into the Bits of Stock brokerage account.

A unique series of letters representing a stock, like "AAPL" for Apple. Ticker symbols help identify stocks for trading.

An ETF (Exchange Traded Funds) is a bundle of different investments, like stocks or bonds, which can be bought or sold like a regular stock, helping investors diversify. The ETF is a tracker that tracks the gains and losses of these investments and averages them out into a price increase or decrease.

A portfolio is the collection of all your investments. In Bits of Stock, it shows the fractional shares you own, their value, and performance.

Bits of Stock is a A fintech app that lets users open a brokerage account to buy, sell, and manage fractional shares of public companies. Its unique rewards program allows users to earn fractional shares of stock as rewards for their debit card transactions and redeem them for monetary amounts. This helps users with little financial capital to participate in investing and build financial wealth.

Daily frequency example: When users make a purchase, the spare change (Round-up amount) is recognized on Day 1. At the end of the day or early the next morning (Day 2), the total Round-up amount is transferred from their linked bank account to their Bits of Stock brokerage account. Typically, the funds arrive by Day 3 or Day 4, at which point their Round-ups are processed and appear in their account. Please note that all transfers and processing occur only during business days.

Users can configure the Round-up transfers to occur daily or weekly, depending on their preference. At the end of their chosen period, the accumulated value in Round-ups is transferred from their bank account to your Bits of Stock portfolio. Once the transfer is completed, the spare change is invested in their selected stock.

The bank account linked to the user's Bits of Stock Rewards program is used for Round-ups. If the user has multiple bank accounts, they can select which accounts participate in Round-ups. There's no need to link an account manually, making it quick and easy to get started with Round-ups.

Fractional shares allow users to invest in high-value stocks without needing large sums of money, making it easy for everyone to participate in investing. This is an ideal way to reward users with small amounts per transaction, helping them build their investments over time.

A fractional share is a part of a full stock. Instead of buying a full share, you can invest in smaller portions, making it affordable to own high-priced stocks. For example, if a stock costs $100 and you invest $10, you would own 1/10th of a share. Fractional shares are beneficial for those who want to invest in high-priced companies without buying a full share.