Acorns says it doesn't intentionally collect data from children under 13 without parental consent through its Acorns Early product, and will delete such data if found.
This analysis describes what Acorns's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision operationalizes Acorns' compliance framework under the Children's Online Privacy Protection Act (COPPA) by establishing parental consent requirements as a condition of data collection from users under 13, and creates a mechanism for data deletion upon notice of inadvertent collection.
The updated policy removes explicit language describing how data flows when users sign in via Apple or Google, including what information those services share with Acorns and how it is used. Previously, the policy stated that Acorns receives information such as name and email address through third-party sign-in services solely to manage accounts and provide services. The revised language also shifts the AI chatbot from an optional feature users 'may access' to a stated service Acorns 'uses' to direct users to internal articles. Users no longer have a published explanation of third-party sign-in data practices in the privacy notice, though the terms suggest data shared through third-party services remains subject to those providers' terms.
View change record →Parents using Acorns Early for their minor children's accounts should be aware that Acorns claims it only collects children's data with parental consent, but should verify that the consent mechanism they completed is documented and enforceable.
How other platforms handle this
You must be at least 13 years old to use our Services. If you are under 18, you must have your parent or guardian's permission to use our Services. Certain Services or features may have higher age requirements.
Without limiting the generality of the foregoing, any access to, or use of, the Service by anyone who is a minor (which is under the age of 18 in most jurisdictions) in any applicable jurisdiction (a "Minor") is strictly prohibited and in violation of these Terms, unless such access and/or use is su...
"Acorns Early is designed for use by parents and guardians on behalf of minor children. We do not knowingly collect personal information directly from children under the age of 13 without verifiable parental consent. If you believe we have inadvertently collected information from a child under 13, please contact us at privacy@acorns.com so we can delete it promptly.Excerpt from Acorns's Privacy Policy
REGULATORY FRAMEWORK: COPPA (15 U.S.C.
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This provision operationalizes Acorns' compliance framework under the Children's Online Privacy Protection Act (COPPA) by establishing parental consent requirements as a condition of data collection from users under 13, and creates a mechanism for data deletion upon notice of inadvertent collection.
Parents using Acorns Early for their minor children's accounts should be aware that Acorns claims it only collects children's data with parental consent, but should verify that the consent mechanism they completed is documented and enforceable.
ConductAtlas has identified this type of provision across 2 platforms. See the full comparison.
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Acorns.