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
Closing an account does not guarantee deletion of all associated personal data, as Acorns retains authority to keep certain information under legal requirements or permissions.
Interpretive note: The clause specifies 'certain' personal information, indicating not all data is necessarily retained, and 'where required or permitted by applicable law', which is a meaningful legal qualifier preserved in the claim. The reference to internal data retention policies as an additional governing framework is noted as omitted material.
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.
View change record →If you close your Acorns account, some of your personal information may still be retained by Acorns in accordance with its data retention policies and applicable law.
How other platforms handle this
We may continue to retain some information even after you delete your account if we are required to do so in order to comply with applicable laws.
we will delete your account data after three years of inactivity.
We retain your account information for as long as your account is active and up to 15 days thereafter.
"Certain personal information associated with your account may be retained after account closure in accordance with our data retention policies where required or permitted by applicable law.Excerpt from Acorns's Privacy Policy
Get the weekly coverage letter
Companies change their terms without announcing it. We capture governance documents, compare each new version with the last, and publish what changed, with the source text behind it. One email a week on what we found and what we could not reach.
Closing an account does not guarantee deletion of all associated personal data, as Acorns retains authority to keep certain information under legal requirements or permissions.
If you close your Acorns account, some of your personal information may still be retained by Acorns in accordance with its data retention policies and applicable law.
ConductAtlas has identified this type of provision across 267 platforms. See the full comparison.
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Acorns.