Business Account Agreement

  • Are fully authorized to execute all documents or otherwise complete our requirements in their stated capacity
  • Have furnished all documents or other information necessary to demonstrate that authority
  • Will furnish other documents and complete other requirements as we may request them
  • Certify that, to the best of his or her knowledge, all information provided to us, including information concerning beneficial owners, is complete and correct
Deposit Method Limitations for Your Account
Direct Deposits* No limits
Direct payments/ACH debits via ACH Origination Service (see Section 5) (deposits resulting from payment requests initiated from your Account)

And

ACH transfers to your Account from a linked bank account with another institution (See section 3.7)**
$100,000/day
$500,000/month
Internal transfers between eligible accounts managed by the Program Partner No limits
Domestic wire No limits
Cash deposit at in-network ATM $1,000/transaction
$2,000/day

You can use your debit card to make deposits at in-network ATMs. You can identify an in-network ATM by looking for the Allpoint logo on or near the ATM. You cannot make cash deposits at out-of-network ATMs.
  • Cash: We do not accept cash deposits made by mail. If you mail us a cash deposit, we will send the cash back to you.
  • Paper Checks: If you mail a paper check to us, including personal or business checks, money orders or cashier’s checks, we may apply the check to any negative balance you may have on your Account or send the check back to you.
  • Foreign Currency: We do not accept any deposits in foreign currency. Any deposits received in foreign currency, whether in the form of cash or check, will be sent back to you.
If you make a deposit via… The cut-off time is… And those funds are available…
Internal transfer between two Accounts you have with us N/A Immediately
Direct deposit 3:00 PM ET Same business day
Domestic wire 3:00 PM ET Same business day
Cash deposit at in-network ATM 3:00 PM ET Next business day
Withdrawal Method Limitations for Your Account
Internal transfers between eligible accounts managed by the Program Partner None
ACH transfers from your Account to a linked bank account at another institution* (See Section 3.7)

And ACH transfers from your Account to another bank account via ACH Origination Services (See 5)*
$50,000/day
$500,000/month
ACH transfer to a merchant or other third party you authorize to withdraw from your Account using your routing number and account number None
Purchases or other POS transactions using your debit card at merchants that have agreed to accept that card $10,000/day
ATM withdrawals using your debit card or ATM card $5,000/day
  • Credit and debit – A credit increases your balance and a debit decreases your balance.
  • Post or posted – Transactions that are paid from or deposited to your Account. Posted transactions will either increase or decrease both your Available Balance and your ledger balance.
  • Pending – Transactions that we receive notice of and are scheduled to post to your Account. Pending transactions affect your Available Balance, but not your ledger balance.
  • Card authorization and settlement – When you use a debit card to make a purchase, the transaction occurs in two steps: card authorization and settlement. Card authorizations reduce your Available Balance, but not your ledger balance. Settlement reduces both your Available Balance and your ledger balance. Card authorizations are removed when settlement occurs or after a certain number of days have passed, whichever is sooner. Please see Section 3.9.4 for more information about card authorizations and settlement.
Fee Description Basic Account: Fee Amount and Frequency Additional Details
Send domestic wire fee $5.00
Receive domestic wire fee $3.00
ATM transaction fee $0 You may be charged a fee, including for balance inquiries, by the operator of an out-of-network ATM.

You can avoid fees by using an in-network ATM. You can identify an in-network ATM by looking for the Allpoint logo on or near the ATM.
  • Direct deposits from your employer or other source of income
  • Transfers to or from your Account to or from a linked bank account (see Section 3.6)
  • Transfers to or from your Account to a merchant or other third party by providing the third party with your Account routing number and account number
  • Purchases or other transactions using your debit card
  • ATM deposits or withdrawals using your debit card or ATM card
  • Tell us your name and Account number.
  • Describe the error or the EFT you are unsure about and explain as clearly as you can why you believe it is an error or why you need more information.
  • Tell us the dollar amount of the suspected error.
  • If you tell us orally, we may require that you send us your complaint or question in writing to us via the Online Banking Services within ten (10) business days. 
  • Do not tell us about an error or unauthorized EFT within thirty (30) days after the first statement showing the error or unauthorized EFT is made available to you; or
  • If you do not provide us with the information necessary to place a stop payment on a Preauthorized Transfer in a timely manner.
  • If the Available Balance in your Account is not sufficient to complete the transaction through no fault of ours.
  • If the ATM you use does not have enough cash.
  • If the failure is due to an equipment or system breakdown, such as a problem with the Online Banking Services provided by the Program Partner, that you knew about before you began a transaction.
  • The failure was caused by an Act of God, fire or other catastrophe, or any other cause beyond our control despite reasonable precautions we have taken.
  • If your funds are not available due to a hold or if your funds are subject to legal process.
  • If we do not complete a transaction because we or Unit has reason to believe the transaction is unauthorized or illegal.
  • If your Account is closed or inactive.
  • There may be additional exceptions stated in our or Unit’s agreements with you or permitted by law.
  • Each entry is accurate, timely, and has been authorized by the party whose account will be credited or debited, and otherwise complies with the Rules.
  • Each debit entry is for an amount, which on the settlement date with respect to it, will be owing to you from the party whose account will be debited, is for a sum specified by such party to be paid to you, or is a correction of a previously transmitted erroneous credit entry.
  • You have complied with all pre-notification requirements of the Rules.
  • You will comply with the terms of the Electronic Funds Transfer Act, if applicable, or Uniform Commercial Code Article 4A if applicable, and the laws of the United States. You shall otherwise perform your obligations under this Agreement in accordance with all applicable laws and regulations. You shall indemnify us against any loss, liability or expense (including attorney’s fees and expenses) resulting from or arising out of any breach of any of the foregoing warranties or agreements.
  • If you have insufficient funds in your Account. The ACH Origination Service may be reinstated, at our sole discretion, once sufficient funds are available to cover any fees, pending transfers, and debits.
  • You breach any term of this Agreement and/or the Rules.
  • Upon reasonable notice (including immediate), for cause (including the foregoing) or without cause, in our sole discretion. Any unprocessed transactions including future dated and recurring transactions will be cancelled as a result of termination of your ACH Origination Service.

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