TurboTax · TurboTax Privacy Statement · View original document ↗

Money movement services licensed as money transmitter

Low severity High confidence Explicitdocumentlanguage Unique · 0 of 352 platforms
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This analysis describes what TurboTax'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

ConductAtlas Analysis

Why it matters (compliance & governance perspective)

Money movement services are legally provided by a separately licensed entity, meaning regulatory obligations and liability for those services sit with Intuit Payments Inc. rather than TurboTax directly.

Recent Activity

This document changed recently

Medium May 29, 2026

The updated privacy statement no longer describes a specific opt-out procedure for advertising cookies that was previously available. The prior version stated users could 'opt out of having your personal information used or disclosed for these purposes by sliding the toggle to No and clicking Save My Choices', but this mechanism and accompanying language are no longer present in the updated disclosure. The updated terms also no longer explicitly state that IP addresses and device identifiers may be shared with advertising partners, removing prior transparency about what data types are disclosed. You should review TurboTax's main Privacy Policy to determine if opt-out mechanisms exist elsewhere or what the current data-sharing practices are.

View change record →
Medium May 23, 2026

The updated terms now explicitly state that TurboTax and its advertising partners use cookies and tracking technologies to deliver targeted advertising on and off TurboTax sites. The policy discloses that IP addresses and device identifiers may be shared with advertising partners to show you more relevant ads, and states these practices may be considered 'targeted advertising' or 'sharing' of personal information under applicable law. You can decline third-party advertising cookies by going to 'Customize Settings,' though essential website cookies required for site functionality cannot be refused.

View change record →

Consumer impact (what this means for users)

If the reader uses money movement services, those services are legally provided by Intuit Payments Inc. under a New York State money transmitter license.

How other platforms handle this

YouTube Ads Medium

our services rely on cookies to function properly, for things like remembering your language preferences.

Cash App Medium

In order to provide certain Services, we may require access to location information, including geolocation information collected from your device. If you do not consent to collection of this information, certain Services may not function properly...

Strava Medium

We maintain administrative, technical, and physical safeguards in accordance with appropriate industry standards that are designed to protect against unauthorized use, disclosure, or access to personal information.

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▸ View Original Clause Language DOCUMENT RECORD
"
Money movement services are provided by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services.

— Excerpt from TurboTax's TurboTax Privacy Statement

Provision details

Document information
Document
TurboTax Privacy Statement
Entity
TurboTax
Document last updated
May 5, 2026
Tracking information
First tracked
July 9, 2026
Last verified
July 9, 2026
Record ID
CA-P-042789
Document ID
CA-D-00439
Evidence Provenance
Source URL
Wayback Machine
Content hash (SHA-256)
61154fce2f9ad44251f396f60a058ae6b16e2a6089810b3d0d4eefab0086c3c2
Analysis generated
July 9, 2026 07:37 UTC
Methodology
Evidence
✓ Snapshot stored   ✓ Hash verified
Citation Record
Entity: TurboTax
Document: TurboTax Privacy Statement
Record ID: CA-P-042789
Captured: 2026-07-09 07:37:43 UTC
SHA-256: 61154fce2f9ad442…
URL: https://conductatlas.com/platform/turbotax/turbotax-privacy-statement/provision/CA-P-042789/money-movement-services-licensed-as-money-transmitter/
Accessed: July 13, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
Classification
Severity
Low
Categories

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Frequently Asked Questions

What does TurboTax's Money movement services licensed as money transmitter clause do?

Money movement services are legally provided by a separately licensed entity, meaning regulatory obligations and liability for those services sit with Intuit Payments Inc. rather than TurboTax directly.

How does this clause affect you?

If the reader uses money movement services, those services are legally provided by Intuit Payments Inc. under a New York State money transmitter license.

Is ConductAtlas affiliated with TurboTax?

No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by TurboTax.