Clink App Reviews

About Clink App

Clink App, found online at Clink.com, is a new mobile application for investment which says they have helped people conquer their biggest hurdle to investing: saving the money that they can then invest. 

How Does It Work?

According to their website, the Clink App says that the biggest issue for many people who are new to investment is simply where they will get their money to investment. To solve this problem, the Clink App is designed to be an “intuitive” mobile application that helps people save money and then places it into their Click account where it will be invested into a diversified portfolio. 

Their website says that they understand that starting as a brand new investor – especially when you don’t have large amounts of money to invest – can be intimidating and overwhelming. This is why they created the Clink scheduler that will let you decide how much money you want to invest each month, and then their app will take the money and automatically invest it for you. 

Clink takes your money and invests it into a selection of ETFs, which they say is the ideal vehicle for early investment because of low costs, tax efficiency, and stock-like features. Their website says that they use six different Vanguard based ETFs: VOO, VWO, VCIT, VGK, VTIP and BND. 

Their mobile application algorithm will use their “Modern Portfolio Theory” and a series of algorithms to choose the correctly diversified portfolio for your needs, all with the goal of maximizing return with minimal risk.

Cost/Price Plans

StashInvest.com says that they only require a $1.00 minimum to establish your account, and then you will have complete control over your Clink Schedule, which is when you designate how and when money will be taken from your account and then placed into your Clink account to be placed toward your investments. 

In addition, they will charge all members who are maintaining a portfolio under $5,000 a $1.00 membership fee per month. If you are maintaining a portfolio above $5,000, then you will be charged a 0.25% fee each year for your membership.

Refund Policy

As an investment company, it does not appear that Clink App offers any opportunity for a “Refund” as it is traditionally understood. Instead, customers are always welcome to withdraw their investments and money from this company when they are no longer interested in continuing to invest, but customers must be aware that there is always a chance that your original investment may have shrunk in the meantime. 

In addition, if you feel that you have been charged an inaccurate amount for your monthly membership fee, you can contact their Customer Service team for assistance.    

Customer Service Contact Info

Customers who wish to speak with Customer Service about their questions, concerns, or complaints can do so by using their website’s Live Chat feature whenever it is available. 

Reputation

Unfortunately this mobile application does not appear to have very many user or customer reviews at this time, and of the financial website and blog reviews which are available, they appear to be somewhat mixed in tone. 

A big issue with this company appears to be that they used to promise their customers completely fee-free investing, which they no longer do. This company has realized that they needed to charge some sort of minimal fee in order to keep their performance and operations as high quality as possible. The concern seems to be that an app which takes just leftover change or amounts up to a dollar to save to put toward investments but then also charges a $1.00 membership fee each month might not be the best use of a client’s money. Customers will need to make that decision for themselves.  

Competitors and Alternatives?

There are many different companies that want to provide people who are new to investing with a way to break into investing, including Betterment, Wealthfront, and Stash Invest, so customers who are looking for alternatives to the Stash approach will have other options that may work better for their needs. 

If you have experience with this company or their products, please leave your Clink App reviews below.

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1 ‘Clink App’ Review
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1 Review

Poor access to support

Reviewed By G t on June 19, 2017

Only 1 person can change accounts, Ben. He does not answer phone calls, online chat cannot assist and refers you to Ben, who again does not take calls, does not call back. My bank account was shut down because of fraud, now I cannot retrieve my money, FIND ANOTHER SERVICE, DO NOT USE CLINK

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1 Comment
August 02, 2017

I agree with the above review. Ben is the only person you can talk to. The online chat option is helpful but if there's an issue they will refer you to Ben. I have had a phone conversation with Ben once and we have emailed back-and-forth a couple of times, so I can say that he does communicate sometimes. My issue is how difficult it has been to withdraw money. I tried to withdraw funds from my account and Clink said that several times they sent the money to my bank and that my bank was refusing the deposits. My bank is Huntington bank. According to Clink, Huntington bank doesn't like working with Clink and refuses any attempt to deposit money into my account. I have been trying for upwards of three months to get a measly $300 out of them. Supposedly, if I don't get a check today they are going to send me a check directly from Clink as opposed to the brokerage firm they worked with, who I'm toldare the ones previously trying to deposit money into my account for Clink. I wanted $8000 from my 401(k) and Fidelity had it to me in four days. Clink can't seem to figure out how to get me $300 in three months. At this point I don't know if I'm ever going to see the $300. I am definitely not a happy camper and I do not recommendCclink.

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