Two studies examined the effect of acculturation–contact discrepancies on well‐being. Specifically, we tested the prediction that well‐being will be compromised when cultural minorities' acculturation preferences are not met by the intergroup and intragroup contact in a new society. Study 1 found that for Polish immigrants (n = 55) acculturation–contact discrepancies were associated with compromised well‐being. Study 2 followed a cohort of international students (n = 106) for a period of two academic years. Results suggested that discrepancies in students' acculturation–contact in their first year had harmful consequences for their well‐being 1 year later. Overall, the two studies show that discrepancies between acculturation preferences and actual contact have negative implications for the psychological adaptation of acculturating individuals.