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 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.
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We may offer referral programs that include financial incentives...They and/or you will receive rewards such as reduced commissions and/or fees, cash, or promotional credit to spend on the Faire marketplace if they sign up to use our Services.
Betterment Advisor Network Referral Program Client Terms and Conditions
MyMcDonald's Rewards participants may receive rewards points for every dollar spent on qualifying purchases...Points may be accumulated and redeemed for purchases of eligible McDonald's products.
"we may set or change the incentive types, amounts, terms, restrictions, and qualification requirements for any incentives at our sole discretion.Excerpt from Acorns's Terms of Service
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The clause states: “we may set or change the incentive types, amounts, terms, restrictions, and qualification requirements for any incentives at our sole discretion.”
ConductAtlas has identified this type of provision across 34 platforms. See the full comparison.
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