Grifin offers automated investing, so, the moment you buy that unicorn frap, your $1 is automatically invested into Starbucks' stock. Even when you shop at a company you can't invest in, you still get to put away $1. This $1 becomes extra cash you get to invest in the companies you already own. When signing up, you'll connect one checking account and one credit or debit card. Grifin will use the purchases you make on that connected card to determine which stocks you'll invest in, subject to your risk profile. Grifin then withdraws $1 from your checking account to purchase the stock.
There is no monthly or commission fee to invest on Grifin. Although there are no fees on Grifin, you may have to pay fees through their brokerage partner, DriveWealth.
All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Any historical returns, expected returns or probability projections are hypothetical in nature and may not reflect actual future performance. Brokerage services will be provided to Interest Financial clients through DriveWealth, LLC a SEC-registered broker-dealer and member FINRA/SIPC (“Drivewealth”). Although trading occurs free of commission, relevant SEC & FINRA fees may apply