If you have any questions, please read this article first.
Hi! Welcome to Grifin, the app that automatically invests you in the companies where you shop. If you shop at Amazon, you'll automatically buy $1 of Amazon stock.
Who can use Grifin?
Grifin is a great way to start investing, but may not be the right option for everyone. Each week, we will transfer $1 out of your bank account for each purchase you made during the week. If you made 10 purchases this week, we will withdraw $10 from your bank account. The average Grifin user makes 20-30 purchases per week. Below are a few reasons why you may not be able to use Grifin:
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You may not be able to pay your bills if you no longer have access to $100. Once you deposit cash into an investment account, it can take 2 weeks to get it back in your bank account. If this would cause a problem for you, you should not use Grifin.
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You must be a US Citizen. You'll need your SSN to sign up and start investing - it's required by US law in order to set up your investment account.
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You must be 18 or older. We hope to offer accounts for people under 18 one day soon!
How does Grifin work?
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You connect your credit or debit card to Grifin in order for us to see where you're shopping. Once you shop somewhere, it can take a day or so for us to recognize the transaction and then the process starts from there.
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You connect a checking or savings account to put money into your Grifin account to invest. We track your purchases throughout the week, and then once per week, transfer $1 for each purchase from your connected checking account to your investment account.
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Once your cash arrives in your investment account, we automatically buy your stock for you. If you shop somewhere that you can't invest in (like your local farmer's market) you can opt in to having that $1 added to your cash fund.
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After you own stock, you can use your "investable cash" (AKA, how much liquid cash you have in your Grifin app) to buy more stock in any of the companies you've already unlocked!
I want to use Grifin, but need to limit how much money it uses.
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Limit the amount we withdraw from your bank account on a monthly basis from the Profile page. It's called "Monthly Deposit Limit."
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Temporarily stop your account by turning off "Buy Stock Where You Shop" in the Settings page. This will stop the app from investing in any places you shop at AFTER you disable this setting. It will not stop any purchases you have already made on your card.
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Skip your upcoming weekly transfer from the Menu page by clicking the three dots and then "skip." This will only stop your upcoming transfer, and will not stop future purchase transactions from going through.
We're excited to have you onboard! If you have any questions, you can reach out to our customer support at hello@grifin.com