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.
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.
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.
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.
2 ‘Clink App’ Reviews
Charged my account several times after cancelling
Tried to cancel and close my account, which took three tries with customer "service", and ended up having to placing a stop payment order with my bank because Clink decided to continue to take money from me for my closed account... Your money is safer in a jar than here!
Poor access to support
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