Old version
August 4, 2026 00:31 UTC
b4fe798c5dba00f87d78f1c30c38e31de46132d52c794955864030db2098834b
CA-V-005493
New version
August 5, 2026 00:28 UTC
0316877a51eed0aad2f3914673a2e9a4854c4b7140aa43aeb091f2d59b4f0d2f
CA-V-005523
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Change Summary
Acorns revised its Acorns Checking account deposit insurance and ATM fee disclosures. The updated terms now specify that balances held with Lincoln Savings Bank or nbkc bank (including Acorns Checking accounts) are FDIC-insured up to $250,000 per depositor, clarify that these banks use a deposit network service to place funds at other FDIC-insured institutions, and note that jointly-owned funds receive separate $250,000 coverage per account owner. Previously, the policy stated that Acorns Checking itself was not FDIC-insured. The updated terms also specify ATM access at over 55,000 fee-free AllPoint Network locations and moved fee disclosure language to a separate location.
low severity
1 Sentences added
0 Sentences removed
4 Sentences modified
346 Sentences before
347 Sentences after
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317Acorns Checking clients are not charged overdraft fees, maintenance fees, or ATM fees for cash withdrawals from within the AllPoint Network ATMs. Please see your Acorns Subscription Center or Account Statements for a description of the fees you pay to Acorns for its services.317Acorns Checking clients are not charged overdraft fees, maintenance fees, or ATM fees for cash withdrawals from over 55,000 fee-free ATMs within the AllPoint Network.
318Any balances you hold in Acorns Checking Account(s) are added together and are insured up to $250,000 per depositor through Lincoln Savings Bank or nbkc bank, Members FDIC.318Please see your Acorns Subscription Center or Account Statements for a description of the fees you pay to Acorns for its services.
319Acorns Checking is not FDIC-insured.319Any balances you hold with Lincoln Savings Bank or nbkc bank, including but not limited to those balances held in Acorns Checking accounts are added together and are insured up to $250,000 per depositor through Lincoln Savings Bank or nbkc bank, Members FDIC.
320FDIC insurance only covers the failure of an insured bank.Lincoln Savings Bank or nbkc bank utilizes a deposit network service, which means that at any given time, all, none, or a portion of the funds in your Acorns Checking accounts may be placed into and held beneficially in your name at other depository institutions which are insured by the Federal Deposit Insurance Corporation (FDIC).320If you have funds jointly owned, these funds would be separately insured for up to $250,000 for each joint account owner.
321Lincoln Savings Bank or nbkc bank utilizes a deposit network service, which means that at any given time, all, none, or a portion of the funds in your Acorns Checking accounts may be placed into and held beneficially in your name at other depository institutions which are insured by the Federal Deposit Insurance Corporation (FDIC).
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