Users must meet Acorns' eligibility requirements, including being at least 18 years old, to open and maintain an account.
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
Age and eligibility requirements determine who can legally access Acorns' financial services and are tied to regulatory compliance for brokerage and banking products.
Interpretive note: The document references eligibility requirements but the specific age requirement and full eligibility criteria are not quoted in the truncated text; these are inferred from standard Acorns onboarding practice and the multi-product structure described.
The updated terms clarify FDIC insurance protections for Acorns Checking depositors. The prior disclosure stated that Acorns Checking itself is not FDIC-insured; the updated language states that balances held with Lincoln Savings Bank or nbkc bank, including those in Acorns Checking accounts, are insured up to $250,000 per depositor through these member banks, with separate coverage for joint account owners. The updated terms preserve the disclosure that funds may be placed at other FDIC-insured depository institutions through a deposit network service. The revised ATM language specifies access to 'over 55,000 fee-free ATMs' rather than a general reference to the AllPoint Network.
View change record →Removal of eligibility/age requirement language suggests either relocation to product-specific agreements or de-emphasis of account qualification standards.
View full change record →This new provision title suggests age or eligibility requirements were added, though the excerpt provided does not contain the substantive details.
View full change record →Users who do not meet the eligibility criteria, including age requirements, may have their accounts suspended or closed, which could affect access to invested funds during the account closure process.
How other platforms handle this
You and your organization's administrator can access several types of Service Data directly from Google Cloud, including your account information, billing contact information, payment and transaction information, as well as product and communication settings and configurations.
If you registered to use Notion's Services with such an email address, but you do not use the Services in connection with your organization...you may transfer your account to a different email address.
If you choose to reveal any personal information about yourself to other users, you do so at your own risk. We strongly encourage you to use caution in disclosing any personal information online.
"You acknowledge that you have read these Terms of Use, and accept, understand and will be bound by such terms and conditions.Excerpt from Acorns's Terms of Service
1) REGULATORY LANDSCAPE: Age requirements for brokerage and investment accounts are mandated under FINRA rules and SEC regulations applicable to Acorns Securities LLC.
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Age and eligibility requirements determine who can legally access Acorns' financial services and are tied to regulatory compliance for brokerage and banking products.
Users who do not meet the eligibility criteria, including age requirements, may have their accounts suspended or closed, which could affect access to invested funds during the account closure process.
ConductAtlas has identified this type of provision across 290 platforms. See the full comparison.
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