Later Match Terms & Conditions

Acorns Later Match
Terms & Conditions

Updated Date: March 26, 2025

Acorns Advisers’ Later Match Program (“Later Match”) is subject to the terms and conditions set forth herein.

1. Definitions.  When the following capitalized terms are used above or below in these Terms & Conditions, the following definitions apply:
   
   Acorns Advisers means Acorns Advisers, LLC, an SEC Registered Investment Adviser.
   
   Acorns Bronze Subscription Plan or Acorns Bronze means the subscription plan currently described in the Program Agreement. 
   
   Acorns Grow means Acorns Grow, Inc. 
   
   Acorns Gold Subscription Plan or Acorns Gold means the subscription plan currently described in the Program Agreement.
   
   Acorns Later Account or Later Account has the same meaning assigned to such terms in the Program Agreement. There are three (3) different kinds of Later Accounts: (i) Traditional IRA; (ii) Roth IRA; and (iii) SEP IRA. Each Acorns User may have only one Later Account.
   
   Acorns Silver Subscription Plan or Acorns Silver means the subscription plan currently described as Acorns Silver in the Program Agreement.
   
   Acorns User or User means an individual who has an Acorns User Account with Acorns Grow that allows the user access to the overall account services and Platform, as applicable to the User’s Subscription Plan, and whose account is in good standing, and not locked, suspended, restricted, or otherwise flagged in any way, in Acorns Grow, Acorns Advisers and/or their Affiliated Entities’ sole discretion. 
   
   Affiliated Entity means with respect to any entity, any other person or entity that, now or in the future, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, such person or entity, and, with respect to Acorns Advisers, LLC, specifically includes but is not limited to Acorns Grow, Inc., Acorns Securities, LLC, Acorns Pay, LLC, and GoHenry, Inc. (d/b/a Acorns Early).
   
   Annual Contribution Limit means the annual contribution limit determined by the Internal Revenue Service for each taxable year, as applicable to each User’s age and type of Acorns Later Account. More information is available on irs.gov.
   
   Eligible Deposit means new deposits of at least $1.00 deposited into a Later Account through a recurring, one-time, or Paycheck Split contribution, which successfully transfer and settle. A contribution (i) made to an Acorns Later Account through a rollover, transfer, dividend, reward, and/or wire, or (ii) which charges back and/or never settles, is not an Eligible Deposit. For New Gold / Silver Users, no deposits made after the First Subscription Year shall be an Eligible Deposit, even if such deposit would otherwise meet the definition of “Eligible Deposit” set forth herein.
   
   Eligible Deposit Date means the date on which an Acorns User initiates an Eligible Deposit into the User’s Later Account. The Eligible Deposit Date for a New Gold / Silver User must be during the First Subscription Year.
   
   First Date of Eligibility means the date on or after March 26, 2025, on which an individual (A) opens an Acorns Silver Subscription Plan, (B) opens an Acorns Gold Subscription Plan, (C) upgrades to an Acorns Silver Subscription Plan or (D) upgrades to an Acorns Gold Subscription Plan.
   
   First Subscription Year means the twelve-month period following the First Date of Eligibility.
   
   IRA Custodian and Administrator means Forge Trust (f/k/a IRA Services Trust Company).
   
   Match Amount means the amount funded by Acorns Grow and applied to a User’s Later Account subject to the terms and conditions set forth herein.
   
   Match Limit means the maximum dollar Match Amount for each taxable year (which shall be limited to the First Subscription Year for New Gold / Silver Users), which shall be 1% of the Annual Contribution Limit with respect to Users subscribed to the Acorns Silver Subscription Plan and 3% of the Annual Contribution Limit with respect to Users subscribed to the Acorns Gold Subscription Plan.
   
   For purposes of Later Match, a SEP IRA Custodial Account shall be subject to the same Match Limit as a Traditional IRA and Roth IRA Custodial Account applicable to the User’s age and the taxable year. Acorns Bronze Users are not entitled to participate in Later Match and so the Match Limit for Acorns Bronze Users shall be 0%.
   
   New Gold / Silver User is an individual who, on or after March 26, 2025, (A) opens an Acorns Silver Subscription Plan, (B) opens an Acorns Gold Subscription Plan, (C) upgrades to an Acorns Silver Subscription Plan or (D) upgrades to an Acorns Gold Subscription Plan.
   
   Offer Period for (a) all Account Users other than New Gold / Silver Users is any time after 12:00 PM PT on July 1, 2024 and (b) for all New Gold / Silver Users is any time after 12:00 PM PT on March 26, 2025, in each case of (a) and (b), until such time as Acorns Advisers shall end the Offer Period in its sole discretion without notice.
   
   Program Agreement means the Program Agreement, including all Supplements thereto.
   
   Settlement Date is the date when securities are posted to a User’s Later Account and available to trade, in Acorns Advisers’ sole discretion.
   
   Subscription Plan has the same meaning as it does in the Program Agreement. Subscription Plan names used herein are for identification and convenience purposes only, and may be changed without notice as set forth in the Program Agreement. Before on or about August 21, 2024, Acorns “Silver” was referred to as Acorns “Personal Plus” and Acorns “Gold” was referred to as “Premium.”
   
   All terms used but not otherwise defined herein have the same meaning as in the Program Agreement. 
    

2. General. Subject to the terms and conditions set herein, for each User who has affirmatively enrolled in Later Match and makes an Eligible Deposit to an Acorns Later Account during the Offer Period, Acorns Grow will fund a Match Amount of either 1% or 3% of the value of each Eligible Deposit, as applicable to the User’s Subscription Plan, up to the Match Limit in any given taxable year and subject to a four (4) year Holding Period.
    

3. Match Amount.  
   
   Acorns Bronze - 0% or No Match Amount.  Acorns Bronze Users are not entitled to participate in the Later Match and are not entitled to receive any Match Amounts with respect to Eligible Deposits while subscribed in the Acorns Bronze Subscription Plan.
   
        (A) For Acorns Account Users other than New Gold / Silver Users:
   
   1% Match Amount. A 1% Match Amount of each Eligible Deposit is available, up to the Match Limit, for Users who, during the Offer Period, successfully make an Eligible Deposit and:
   
             a. (i) as of June 30, 2024, are subscribed to the $5 Silver Plan (formerly known as “Personal Plus” Subscription Tier) of the Acorns Platform; (ii) as of July 1, 2024, have not opted-out of the monthly Subscription Fee increase from $5 to $6, which such increase took place on the first Fee Date following July 1, 2024; (iii) as of the Eligible Deposit Date, have a Acorns Later Account; and (iv) as of the Eligible Deposit Date, affirmatively opt-in to 1% Later Match in the Application or on the Acorns Website; or
   
             b. (i) on or after July 1, 2024, subscribe to the $6 Silver Plan (formerly known as “Personal Plus” Subscription Tier) of the Acorns Platform; and (ii) as of the Eligible Deposit Date, have an Acorns Later Account.
   
   3% Match Amount. A 3% Match Amount of each Eligible Deposit is available, up to the Match Limit for Users who, during the Offer Period, successfully make an Eligible Deposit and:
   
   

             a. (i) as of June 30, 2024, are subscribed to the $9 Gold Plan (formerly known as “Premium” Subscription Tier) of the Acorns Platform; (ii) as of the Eligible Deposit Date, have an Acorns Later Account; and (iii) as of the Eligible Deposit Date, affirmatively opt-in to 3% Later Match in the Application or on the Acorns Website; or
   

   
             b. On or after July 1, 2024 subscribe to the $12 Gold Plan (formerly known as “Premium” Subscription Tier) of the Acorns Platform; and (ii) as of the Eligible Deposit Date, have an Acorns Later Account.
   
   Each User can receive only 1% or 3%, respectively, once for each Eligible Deposit. Match Amounts will be rounded up to the nearest whole cent if equal to or greater than $0.015 and rounded down if less than $0.015. Match Amounts which result in a fraction of a dollar smaller than $0.01 will not be awarded.
   
        (B) For New Gold / Silver Users:
   
   Acorns Silver - 1% Match Amount. A 1% Match Amount of each Eligible Deposit is available, up to the Match Limit during the First Year of Subscription, for Users who, during the Offer Period, successfully make an Eligible Deposit and:
   
             (i) subscribe to the Acorns Silver Subscription Plan of the Acorns Platform; (ii) have elected to enroll in Later Match (which means User had affirmatively opted-in to the 1% Later Match in the Application or on the Acorns Website); and (iii) as of the Eligible Deposit Date, have an Acorns Later Account.
   
   Acorns Gold - 3% Match Amount. A 3% Match Amount of each Eligible Deposit is available, up to the Match Limit during the First Year of Subscription for Users who, during the Offer Period, successfully make an Eligible Deposit and:
   
             (i) subscribe to the Gold Subscription Plan of the Acorns Platform; (ii) have elected to enroll in Later Match (which means User had affirmatively opted-in to 3% Later Match in the Application or on the Acorns Website); and (iii) as of the Eligible Deposit Date, have an Acorns Later Account.
   
   No Later Match will be awarded for contributions or deposits made before the First Date of Eligibility or after the First Subscription Year.   Each Acorns Silver or Acorns Gold User can receive only 1% or 3%, respectively, once for each Eligible Deposit during the First Subscription Year.
   
   Match Amounts will be rounded up to the nearest whole cent if equal to or greater than $0.015 and rounded down if less than $0.015. Match Amounts which result in a fraction of a dollar smaller than $0.01 will not be awarded.
    

4. Holding Period. Subject to Section 5 herein, Match Amounts are created as of the Settlement Date. As further set forth below, Match Amounts will be forfeited and subject to recapture by Acorns Advisers if, within four (4) years from the Settlement Date: (i) any funds are removed from a User’s applicable Later Account; or (ii) the User downgrades to a Subscription Plan with a lower monthly fee than the Subscription Plan for which the User received the 1% or 3% Match Amount, as applicable (the “Holding Period”).
   
   Removal of Funds. The removal of funds held in a Later Account within the Holding Period will result in the pro-rata forfeiture of an amount equal to the corresponding Match Amount that would be received for the amount removed, and subject to recapture by Acorns Advisers or its agents. Except in the case of a deceased User, this forfeiture shall apply to any removal of funds within the Holding Period, including, but not limited to, withdrawal, rollover, transfer, levy, excess contribution, account closure, and/or the chargeback of an otherwise Eligible Deposit. No forfeiture shall apply as a result of change in investment value and/or market fluctuation.  
   
   Change in Subscription Plan. Downgrades. If, within the Holding Period, a User (including a New Gold / Silver User) downgrades to a Subscription Plan with a lower monthly fee than the Subscription Plan for which the User received an applicable Match Amount, the User shall forfeit all such Match Amounts received applicable to the Subscription Plan they were previously enrolled in and will only be entitled to Match  Amounts up to the Match  Limit for their new subscription plan. Accordingly, a User that downgrades from Acorns Gold to the Acorns Silver Subscription Plan during the Holding Period shall forfeit 2% of the value of all Match Amounts previously awarded with respect to those Eligible Deposits, but shall retain the remaining value of Match Amounts received (equal to 1% of the value of all Eligible Deposits). If, within the Holding Period, a User downgrades to an Acorns Bronze (or any other Subscription Plan subsequently offered for which no Match Amount is available), all Match Amounts received shall be forfeited and subject to recapture by Acorns Advisers or its agents.
   
   Change in Subscription Plan. Upgrades. If an Acorns User, including a New Gold / Silver User, upgrades to a Subscription Plan with a higher monthly fee than the Subscription Plan that for which the Acorns User subscribed, the Acorns User shall be entitled to Match Amounts at the upgraded rate for Eligible Deposits (which, for New Gold / Silver Users, must be made within remaining portion of the First Subscription Year).
   
   Late Enrollment in Later Match. For the avoidance of doubt, the First Date of Eligibility is a date on or after March 26, 2025 on which an individual subscribes or upgrades to an Acorns Silver Subscription Plan or Acorns Gold Subscription Plan, and NOT the day on which an Acorns Silver User or Acorns Gold User enrolls in Acorns Later or Later Match.  If an Acorns Silver User or Acorns Gold User chooses not to enroll in Later Match on the day they subscribe or upgrade to the Acorns Silver Subscription Plan or the Acorns Gold Subscription Plan respectively, their First Date of Eligibility will not change should they choose to enroll in Later Match on a future date.
   
   

5. Other Forfeiture. To be eligible to participate in Later Match, the User’s Acorns User Account, including all applicable Acorns Managed Accounts and Checking Accounts must, at all times relevant to Later Match and in the sole discretion of Acorns Advisers and/or its Affiliated Entities, remain in good standing, and cannot be locked, suspended, restricted, or otherwise flagged in any way. In the event Acorns Advisers and/or its Affiliated Entities determine at any time and in their sole discretion that there may have been unauthorized or fraudulent activity related to any account, or a violation of the Program Agreement or these terms and conditions, or that an account is otherwise not in good standing, whether or not in connection with Later Match, Acorns Advisers reserves the right to (i) decline to grant any Match Amount; and/or (ii) rescind or liquidate any Match Amount already provided and any security or related dollar proceeds derived from such Match Amount(s). While a Match Amount is typically applied to a User’s Later Account as of the Settlement Date, this timeline may be delayed in Acorns Advisers’ sole discretion if, by way of example and not limitation, Acorns Advisers determines or suspects that there are indications of fraud, unauthorized activity, and/or a violation of the Program Agreement or these terms and conditions.
    

6. No Recommendation. Later Match is not a recommendation of any investment or investment strategy, or a recommendation that any Acorns User rollover or transfer assets into any Later Account. By participating in Later Match, each User represents that none of Acorns Advisers, any of its Affiliated Entities, or the IRA Custodian and Administrator, has recommended any rollover or transfer to any Later Account. Each Acorns User further acknowledges that no Acorns Later Account includes cash-based investments and that this structure may not be appropriate for individuals looking for conservative, cash-based individual retirement accounts. Acorns Advisers, through Later Match, does not intend to provide the benefit of deferred compensation or to create an employee pension benefit plan under ERISA. 
    

7. Tax Treatment. Acorns Advisers processes and treats all Match Amounts as interest earned by the applicable Later Account for tax reporting purposes. The interest earned by the applicable Later Account is not subject to, and does not impact, the maximum annual dollar contribution limit or the maximum annual deductible amount of any Later Account. Match Amounts may be taxable income for conversions of a non-deductible contribution to a Roth IRA Custodial Account. NONE OF ACORNS ADVISERS, ANY OF ITS AFFILIATED ENTITIES, OR THE IRA CUSTODIAN AND ADMINISTRATOR PROVIDES TAX ADVICE, AND NOTHING CONTAINED HEREIN PURPORTS TO BE A COMPLETE PRESENTATION OF TAX REGULATIONS THAT MAY BE APPLICABLE TO MATCH AMOUNTS OR ANY LATER ACCOUNT. PLEASE CONSULT A TAX ADVISOR FOR INDIVIDUALIZED ADVICE.
    

8. Miscellaneous. Acorns Advisers reserves the right to change these terms and conditions and/or to terminate Later Match at any time with or without notice. Headings in these terms and conditions are descriptive and for convenience only, and do not alter the scope of the rights and obligations created by them. Later Match is not transferable, saleable, or valid in conjunction with certain other offers, and is available only to (i) lawful U.S. residents; or (ii) active Armed Services personnel that maintain a valid U.S. address and are temporarily overseas in connection with their service.