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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You will indemnify us for any taxes relating to your purchase or use of the Services, except for taxes relating to our income.
Your subsequent use of content generated by AI Features.
you agree to cooperate with Walmart if and as requested by Walmart in the defense and settlement of such matter.
"(iv) our use of Materials generated or uploaded by you in accordance with these Terms of Use.Excerpt from Acorns's Terms of Service
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The clause states: “(iv) our use of Materials generated or uploaded by you in accordance with these Terms of Use.”
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