Diff: Acorns Terms of Service, ConductAtlas

Old version

August 4, 2026 00:31 UTC

82ab961f00c39a3c450d33aa2e84e652a8904a58746b8eff6c5f75921d0638ca

CA-V-005492

New version

August 5, 2026 00:28 UTC

857cbe3472bdf01495384891ecd4624f1b951dcf7208223ae16857b32891bf3d

CA-V-005522

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Change Summary

Acorns revised its Acorns Checking disclosure to specify that ATM fee waivers cover 'over 55,000 fee-free ATMs within the AllPoint Network' rather than a general reference to the AllPoint Network. More significantly, the updated terms relocated FDIC insurance language and restructured coverage descriptions. The prior language stated 'Acorns Checking is not FDIC-insured' followed by an explanation of how funds may be placed at other banks. The updated language removes the 'not FDIC-insured' statement and expands the deposit insurance description to clarify that balances held with Lincoln Savings Bank or nbkc bank, 'including but not limited to those balances held in Acorns Checking accounts,' are insured up to $250,000 per depositor, with separate coverage for joint account owners. The restructured language preserves the disclosure that funds may be placed at other FDIC-insured institutions through a deposit network service.

medium severity

1 Sentences added

0 Sentences removed

4 Sentences modified

179 Sentences before

180 Sentences after

Added

Removed

Modified

Before		After
150	Acorns 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.	150	Acorns 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.
151	Any 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.	151	Please see your Acorns Subscription Center or Account Statements for a description of the fees you pay to Acorns for its services.
152	Acorns Checking is not FDIC-insured.	152	Any 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.
153	FDIC 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).	153	If you have funds jointly owned, these funds would be separately insured for up to $250,000 for each joint account owner.
		154	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).

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