Acorns explicitly states that investing through their platform can lose you money, and they make no promise about returns or performance.
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
This disclaimer allocates investment risk to the user and defines the scope of Acorns' performance obligations as limited to service provision rather than outcome guarantees. The provision establishes the baseline understanding that investment outcomes depend on market conditions rather than platform performance.
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 explicit investment risk and no-guarantee disclaimers from the main Terms of Service may reduce the prominence of critical risk warnings to users.
View full change record →All investment risk is borne solely by you as the user — Acorns takes no responsibility for losses, and this disclaimer may limit your ability to claim damages from investment losses in any arbitration or legal proceeding.
How other platforms handle this
We employ physical, electronic, and managerial measures to safeguard the data we collect online. However, no company can fully eliminate security risks, so we cannot make guarantees about any part of our services.
ANY INTERACTIONS WITH ADVERTISERS, INCLUDING THROUGH ENGAGEMENT WITH INTERACTIVE ADVERTISEMENTS, ARE AT YOUR OWN OPTION AND RISK AND YOU AGREE THAT NETFLIX IS NOT LIABLE FOR ANY DAMAGES...
When you access or use a Third-Party Service, you are interacting with the applicable third party, not with Datadog, and you do so at your own risk.
"INVESTING INVOLVES RISK. THE VALUE OF AN INVESTMENT WILL FLUCTUATE AND CAN GO DOWN AS WELL AS UP. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. ACORNS DOES NOT GUARANTEE THAT YOU WILL ACHIEVE A PARTICULAR LEVEL OF PERFORMANCE OR THAT YOU WILL NOT LOSE THE MONEY YOU INVEST.Excerpt from Acorns's Terms of Service
(1) REGULATORY FRAMEWORK: Investment risk disclaimers are required under SEC and FINRA regulations for registered investment advisers (Investment Advisers Act of 1940, Rule 206(4)-1 advertising rules) and broker-dealers (FINRA Rule 2210 on communications with the …
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This disclaimer allocates investment risk to the user and defines the scope of Acorns' performance obligations as limited to service provision rather than outcome guarantees. The provision establishes the baseline understanding that investment outcomes depend on market conditions rather than platform performance.
All investment risk is borne solely by you as the user — Acorns takes no responsibility for losses, and this disclaimer may limit your ability to claim damages from investment losses in any arbitration or legal proceeding.
ConductAtlas has identified this type of provision across 287 platforms. See the full comparison.
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