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 license is exclusive, meaning users may surrender their ability to grant the same rights to others, and Acorns may sublicense and transfer these rights, significantly limiting user control over submitted Materials.
Interpretive note: The excerpt contains an ellipsis, indicating the license description is truncated. Additional terms or conditions governing the license may exist in the omitted text. The canonical claim is limited strictly to what is quoted.
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 →Users grant Acorns broad and exclusive rights over their Materials, including the right to create derivative works, sublicense, and transfer those rights to others.
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"You hereby grant to us and our authorized personnel a worldwide, royalty-free, fully-paid, exclusive, transferable, sublicensable...license to copy, publicly perform, publicly display, publish, distribute, create derivative works of, and use Materials...Excerpt from Acorns's Terms of Service
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The license is exclusive, meaning users may surrender their ability to grant the same rights to others, and Acorns may sublicense and transfer these rights, significantly limiting user control over submitted Materials.
Users grant Acorns broad and exclusive rights over their Materials, including the right to create derivative works, sublicense, and transfer those rights to others.
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