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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prevent and detect fraud against you and us
Prevent, identify, investigate and deter fraudulent, harmful, unauthorized, unethical or illegal activity, including cyberattacks and identity theft.
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 may use your personal information to: comply with applicable laws, lawful requests, and legal process...protect our, your or others' rights...prevent, identify, investigate and deter fraudulent, harmful, unauthorized, unethical or illegal activity...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 may use your personal information to: comply with applicable laws, lawful requests, and legal process...protect our, your or others' rights...prevent, identify, investigate and deter fraudulent, harmful, unauthorized, unethical or illegal activity...”
ConductAtlas has identified this type of provision across 272 platforms. See the full comparison.
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