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
The updated policy discloses that Acorns collects and processes personal information from users of its Invest My Tips feature, including public profile data, payment information, and QR code details. This information is shared with payment processors and fraud detection providers to enable the feature. The policy also establishes that Acorns does not sell or share text messaging opt-in data to third parties outside of carriers and service providers, which provides a specific protection for SMS communications.
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We will take appropriate technical and organizational measures to help protect and secure your Data...including: (i) using encryption techniques; (ii) establishing specialized systems and procedures...and (iii) forming a specialized department in charge of information security.
We use industry standard technical and organizational measures to secure the information we store.
Scale employs appropriate and reasonable physical, technological, and administrative security measures.
"To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.Excerpt from Acorns's Privacy Policy
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The clause states: “To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.”
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