Dwayne Johnson Introduces Acorns’ Mighty Oak Debit Card

By Richard Jefferies

Dwayne Johnson and Acorns, the savings and investing app, have unveiled the debut of the Mighty Oak Debit Card, an exclusive heavy metal Tungsten debit card designed to tackle a pervasive issue in America – overspending and inadequate saving. The Mighty Oak Card introduces an innovative banking approach, encouraging individuals to enhance their financial knowledge and invest in their future by simply using the card.

Transforming saving and investing into daily habits, the Mighty Oak Card provides an opportunity for money to grow. Through Real-Time Round-Ups®, customers can invest their spare change from each purchase, rounding up to the nearest dollar. Leveraging paycheck split functionality, Acorns automatically saves and invests a portion of every paycheck on payday. Offering impressive annual percentage yields (APYs), the card boasts a 3.00% checking APY and a 5.00% APY on the Emergency Fund savings for unforeseen ‘rainy days,’ all without any minimum deposit or balance requirements. Additionally, users gain access to Acorns’ comprehensive financial wellness system, including Acorns Later for retirement planning, investment rewards enabling bonus investments from 15,000 brands for everyday purchases, and access to 55,000 fee-free ATMs within the AllPoint Network.

Dwayne Johnson, drawing from personal experience, understands the transformative power of saving over time. Faced with financial challenges in his early 20s after being cut from the Canadian Football League, Johnson had a mere $7 to his name. This pivotal moment fueled his determination to carve his own path in life, eventually leading to the establishment of Seven Bucks Productions. Grounded in the belief that success stems from passion and hard work, Johnson is dedicated to aiding others in overcoming adversity, championing financial literacy, and inspiring Americans to invest in their own futures.

Expressing his commitment, Johnson stated, “I’m personally invested in helping and rooting for people to achieve financial stability and success. I’ve worked with Acorns to create a one-of-a-kind card that makes it easy for people to prioritize saving and investing, empowering them to build a solid foundation for their future. I wish I had the Mighty Oak card back in the struggling but fun days when I had only $7 bucks in my pocket, which is why I helped create this card now to empower people to take control of their financial well-being. One step at a time. I’m rooting for all of you – let’s do this.”

Noah Kerner, CEO of Acorns, expressed enthusiasm about collaborating with Dwayne Johnson on a debit card that mirrors his journey – turning a modest sum into a brighter future over time. Highlighting Johnson’s success with $7, Kerner affirmed Acorns’ mission to safeguard the financial well-being of everyday individuals, emphasizing that the Mighty Oak Card, with its robust APYs, not only fulfills this mission but goes above and beyond.