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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Any personal information we collect from you to verify your identity in connection with your request will be used solely for the purposes of verification.
Comply with applicable laws, lawful requests, and legal process, such as to respond to subpoenas or requests from government authorities
We may use information about you, your activity, content, media uploads and related data in your account to prevent, detect, investigate and address safety, security, fraud and abuse risks, and to develop our algorithms and models to identify violations...
"We use the information we receive through third-party sign-in services solely to manage your account and provide you with the Services, which for the avoidance of doubt may include communications with respect to your account, the Services, and our business.Excerpt from Acorns's Privacy Policy
We read the privacy policies and terms of service of 38 AI platforms. Here is what they say about training, retention, arbitration, and liability.
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The clause states: “We use the information we receive through third-party sign-in services solely to manage your account and provide you with the Services, which for the avoidance of doubt may include communications with respect to your account, the Services, and our business.”
ConductAtlas has identified this type of provision across 272 platforms. See the full comparison.
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