Acorns Terms of Service

This document governs use of the Acorns platform and its suite of services, including brokerage accounts, IRA accounts, banking, and the Early custodial investment product, on the basis of user acceptance upon account creation or continued use. The agreement states that users grant Acorns a non-exclusive, royalty-free, worldwide license to use, reproduce, modify, adapt, publish, and distribute any content submitted to the platform, and the terms authorize Acorns to modify the agreement at any time with notice delivered via email or posting to the site, with continued use constituting acceptance. The agreement includes a mandatory arbitration clause with class action waiver administered through JAMS, a 30-day opt-out window for arbitration, and a limitation of liability capping Acorns' damages exposure to fees paid in the preceding 12 months; the arbitration clause asserts broad scope covering disputes relating to the Terms, services, or relationship between the parties, though applicable law and jurisdiction may affect enforceability of class action waivers and arbitration requirements in certain states. The document engages the SEC and FINRA frameworks given Acorns Securities, LLC's registered broker-dealer status, the Investment Advisers Act given Acorns Advisers, LLC's registered investment adviser status, the Consumer Financial Protection Bureau's authority over banking and payment products, and state money transmission and consumer protection laws; California residents and UGMA/UTMA custodial account holders face additional regulatory considerations given California's consumer protection framework and the fiduciary obligations associated with custodial accounts for minors.