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 may use your personal information to: provide the Service; enable security features of the Service; establish and maintain your user profile on the Service; facilitate social features of the Service...
prevent and detect fraud against you and us
We use your information, including your Contact Data, Payment Data, Technical Data, Communication Data, Professional Data, and Training and Educational Data, depending on the services provided...
"We use personal information to provide the promotional programs that we offer, such as the rewards we provide to participants in the Acorns Earn program or to users who refer friends or contacts to Acorns.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 personal information to provide the promotional programs that we offer, such as the rewards we provide to participants in the Acorns Earn program or to users who refer friends or contacts to Acorns.”
ConductAtlas has identified this type of provision across 272 platforms. See the full comparison.
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