Betterment updated its Privacy Policy on July 1, 2026 to remove two sentences about its optional account recommender tool and generative AI summarization feature, and replaced them with broader language addressing AI service providers and a new securities lending program. The revised terms add explicit disclosure that generative AI providers receive assurances personal information is not used for model training, introduce a new Fully Paid Securities Lending program through Apex Clearing where customer data is shared, and modify language about how support communications may be processed by third parties. The change also removes prior language about contacting Betterment Support and AI processing, replacing it with language about sharing personal information for promotional offers requiring offline fulfillment.
Consumers: Betterment now explicitly states it will share your account and personal information with a third party (Apex Clearing) if you opt into securities lending.
Consumers: Betterment now explicitly discloses contractual commitments with AI providers that your data will not be used to train their language models.
The updated policy discloses a new Fully Paid Securities Lending program through Apex Clearing, under which Betterment will share customer personal information and account details with Apex if customers choose to participate. The revised terms also establish that generative AI service providers have committed that personal information will not be used for model training. For customers participating in promotional offers requiring offline fulfillment, the policy now explicitly states that personal information including mailing address may be shared with third-party partners. You can review the FPSL Program supplemental disclosures for details about the securities lending arrangement, or choose not to participate in the program.
→ Review the FPSL Program supplemental disclosures if you are eligible and considering participating in securities lending.
→ Confirm your understanding of how your account and personal information will be shared with Apex Clearing if you elect the securities lending program.
New language establishes that Betterment will share personal information and account details with Apex Clearing for customers who elect to participate in securities lending.
Updated language explicitly requires AI service providers to provide assurances that personal information is not used for model training, replacing prior narrower language about LLMs.
Removed explicit language describing how support communications may be processed by third-party AI service providers; replaced with new language about promotional offer data sharing.
This change record describes what was added, removed, or modified in the document. Analysis reflects what the updated agreement states or permits. It does not constitute a legal determination about enforceability. Applicability may vary by jurisdiction. Methodology
Betterment revised its privacy policy to disclose a new securities lending program and update AI service provider commitments. The addition of the Fully Paid Securities Lending program creates a new data-sharing arrangement with Apex Clearing; …
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Betterment removed the phrase 'Skip to footer' from the header of their Terms of Use on May 22, 2026. This …
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