Clink is an investing application which facilitates your savings by making you save every time you go out. Your money is invested in a diversified ETF portfolio and keeps growing without you needing to worry about it.
1. How Clink works:
When you register for Clink you are basically filling out all the required information needed to open an investment account. Then you can choose your method of savings. You can either link your credit card and set a fixed percentage of your expense for Clink to allocate to your savings or you can put yourself on a schedule and set a fixed amount to be transferred to your Clink account starting from as little as $5.
Then all that is left is to choose which Exchange Traded Funds (ETF) portfolio you want to invest in and you are all set.
2. Our Portfolio
All of our ETFs are managed by Vanguard, the undisputed industry leader, and adhere to the highest investing standards.
3. Your Money is insured
Your money is SPIC insured up to $500,000 so you are always protected and you can withdraw at any given time.
4. Our Security:
Clink uses Bank Level securities – same as all the big banks, we have 256 bit encryption which means that all your information is protected at the highest level possible.
We have a flat fee of $1 a month up to $5,000. If you have more then $5,000 in your Clink account you'll be charged 0.25% in annualized fees.
6. Read about us in the Press:
*Clink is a Registered Investment Advisor (RIA)
Visit our website at: https://clink.com/
* registration does not imply a certain level of skill or training
Ratings and Reviews
Great way to save
This app is the ﬁrst thing that has ever made me save successfully. It keeps it invisible and painless. I love it. I've saved nearly $2000 in 6 mo and it shows me that I can save more. The bad reviews here are about withdrawals . From what I know you cannot just pull the money out like a bank trading need to settle before they can be withdrawn . I have withdrawn plenty of times from my Clink account with no issues and customer service either takes care of my on a live chat and if they are not on then I get an email in a timely fashion . Keep up the good work . 😊
Lack of Customer Service - Cannot Turn Off Deposits
I found that Stash and Acorns are much better portfolios, so I was going to leave the small amount of money I had in the account to grow over time, however, even if you pause your deposits, it automatically turns it back on after 30 days and pulls more money out of your bank account. I requested the company pull my money out and close my account 9/22. Followed up today, no answer. For a moderate investment you don't look at and don't want to grow quickly, this app is okay, but the customer service and inability to control your deposits is frustrating.
What to expect
This is a good app for people who are starting to take hold of their finances, beginning with a solid savings account. The app has good tools to illustrate your savings rate and projections, as well as allocations to the different investment vehicles your capital is in.
My favorite feature is the quick and personal customer support. As others have noted, withdrawals can take up to a week. Personally, this does not bother me, and I understand it as there is a process to liquidating investments.
With Family Sharing set up, up to six family members can use this app.