Your payment processor can freeze your funds. Know when the rules change.

The revised terms materially change the cost of exiting SoFi Plus and the liquidity constraints on investment deposits. Prior terms imposed a one-year membership lock with a cancellation fee for early exit; the revised terms eliminate the fee but impose a five-year holding requirement on deposits themselves. Members can now cancel SoFi Plus without penalty, but deposits cannot be withdrawn for five years without forfeiting the 1% match. This shifts the friction from membership continuity to account liquidity and may affect portfolio rebalancing, tax-loss harvesting, and withdrawal planning.

The updated terms clarify actual FDIC deposit insurance protections available to Acorns Checking customers by specifying that deposits are held at and insured by member banks up to $250,000 per depositor, rather than the prior ambiguous statement that the product itself is not FDIC-insured. This clarification affects how customers understand the safety and insurance coverage of their deposits.

The extended 120-day error-reporting window gives account holders significantly more time to identify transaction discrepancies before the dispute window closes. Under Wise's prior terms, an error discovered after 60 days would be outside the reporting period; under the revised terms, the same error reported within 120 days can be escalated to Wise Support.

The updated terms grant Coinbase explicit unilateral authority to conduct protocol upgrade migrations on customer assets without per-migration consent, while disclaiming liability for losses during these transfers. This expands Coinbase's operational control over customer assets and eliminates a potential avenue for customer recourse if migrations result in losses, making the terms of asset custody and migration procedures materially more favorable to Coinbase.

The updated policy shifts accountability for data access directly to developers and introduces monitoring that was not previously disclosed, creating new compliance obligations and operational risks for any organization using Plaid to handle customer financial information. Developers can no longer delegate accountability for data handling; they must now formally manage and justify every person's access to customer data.