Dwayne Johnson Partners with Acorns for New Debit Card

Popular actor Dwayne Johnson has teamed up with Acorns, a user-friendly saving and investing app, to introduce the Mighty Oak Debit Card. This new financial tool, exclusively offered through Acorns, aims to combat the pervasive issue of overspending and under-saving in America.

A New Approach to Banking

The Mighty Oak Card represents a novel banking method, designed to promote financial literacy and cultivate investment habits. Users simply need to use the card to kick-start their journey towards financial stability.

Taking advantage of Real-Time Round-Ups®, customers can invest their spare change from purchases, rounding up to the nearest dollar. Additionally, Acorns facilitates paycheck split, automatically saving and investing a portion of each paycheck.

Attractive APY and Additional Perks

The Mighty Oak Card offers two competitive annual percentage yields (APYs) at 3.00% for checking and 5.00% for the card’s Emergency Fund savings, with no minimum deposit or balance requirements. It also provides access to Acorns’ comprehensive financial wellness system, including retirement planning with Acorns Later, investment rewards from over 15,000 brands, and 55,000 fee-free ATMs within the AllPoint Network.

The Personal Journey of Dwayne Johnson

Dwayne Johnson’s personal journey from financial struggle to success illustrates the potential impact of consistent saving over time. After being cut from the Canadian Football League and left jobless in his early 20s, Johnson had only $7 to his name. This experience inspired him to establish Seven Bucks Productions, a multiplatform enterprise built on the philosophy of success through passion and hard work.

Johnson expressed his commitment to promoting financial literacy, stating, “I’ve worked with Acorns to create a one of a kind card that makes it easy for people to prioritize saving and investing so they can build a solid foundation for their future.”

Mighty Oak Card Availability

The Mighty Oak Card became available to Acorns customers on November 14, 2023. As an added bonus, cardholders are automatically entered for a chance to win one of seven $50,000 Mighty Paychecks.