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Privacy policy

Acorns

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Score77.0
Reviewed
Policy typePrivacy policy
Concern findings3
Protections0
Source supportStrong

Source provenance

Verified official source
Retrieved
Published

Snapshot hash 760134b6d79f0fc27433d78dde179a2c5da9ee683ff8a6954b306b3ca2a12c7b

Snapshot of the source text at fetch time, not a live mirror of the policy page.

Plain-English summary

Acorns investments are not FDIC insured and may lose value, and investing involves the risk of losing principal. While Acorns Checking is not directly FDIC-insured, balances held in these accounts are insured up to $250,000 per depositor through partner banks.

90% confidence

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Risk Flags

Critical issues that represent material, irreversible user harm.

high95% confidence confidence

Investments are Not FDIC Insured and May Lose Value

Investment products are not insured by the FDIC, not guaranteed by a bank, and may lose value.

Why it matters: Users should be aware that their investment products are not protected by FDIC insurance, are not guaranteed by a bank, and there is a risk that they may lose money.

Investment products are**NOT FDIC INSURED, NOT BANK GUARANTEED, and MAY LOSE VALUE.**

Pasted text, paragraph 2 · Citation strength: strong

high95% confidence confidence

Investing Involves Loss of Principal Risk

Investing involves risk, including the loss of principal.

Why it matters: Users' investments carry the risk of losing their initial invested amount.

**Investing involves risk, including **the**loss of principal.**

Pasted text, paragraph 2 · Citation strength: strong

Data Use

How your data is collected, processed, and shared.

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No data-use concerns flagged

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Cancellation & Renewal

Terms related to service changes, cancellations, and account closure.

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No billing surprises spotted

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Gotchas

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low90% confidence confidence

Acorns Checking is Not FDIC-Insured

Balances held in Acorns Checking accounts are added together and are insured up to $250,000 per depositor through Lincoln Savings Bank or nbkc bank, Members FDIC, but Acorns Checking itself is not FDIC-insured.

Why it matters: While individual balances are insured through partner banks, Acorns Checking itself does not hold the FDIC insurance, indicating a distinction in how the insurance is applied.

Any balances you hold in Acorns Checking Account(s) are added together and are insured up to $250,000 per depositor through Lincoln Savings Bank or nbkc bank, Members FDIC. Acorns Checking is not FDIC-insured.

Pasted text, paragraph 3 · Citation strength: strong

Protections

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