Legal Agreements

Debit Card Rewards Terms of Service

Last Update: November 21, 2023

Debit Card Rewards Terms of ServiceThese Debit Card Rewards Terms of Service ("Agreement") outline the rules and conditions governing the rewards program ("Program") associated with the use of the Every Debit Card ("Card") sponsored by Every, Inc. ("Sponsor"). By participating in the Program, you ("Cardholder") agree to the terms and conditions set forth herein.

1. Rewards Points Structure:

1.1 Cardholders will earn rewards points based on their daily checking account balance and how much they spend on their Card each day. Points will be calculated daily and tallied for the entire month based on the checking account balance at the end of each day and their Card purchases made during that day, as follows:
▪ .5 point for every $1 in Card purchases if the checking account balance is under $250,000.
▪ 1 points for every $1 in Card purchases if the checking account balance is between $250,000 and $1,000,000.
▪ 2 points for every $1 in Card purchases if the checking account balance is over $1,000,000.

2. Conversion of Points to Dollars:

2.1 Rewards points can be converted into dollars at a rate of 100 points to $1. Cardholders can request the conversion of their rewards points to dollars, and the equivalent dollar amount will be credited to the checking account they have designated.

3. Eligibility:

3.1 Participation in the Program is available to Cardholders with a valid Debit Card and a checking account.

3.2 To be eligible for rewards points, the Cardholder's checking account must remain open and in good standing.

4. Calculation and Crediting of Rewards Points:

4.1 Rewards points are calculated daily based on the Cardholder's daily checking account balance and Card purchases made during that day. The daily points are tallied to determine the total points for the month, rounded to the nearest point.

4.2 Rewards points will be credited to the Cardholder's rewards account on the 5th of the following month following the calculation.

4.3 Rewards points can be converted to dollars as outlined in Section 2, with the conversion process taking up to 5 business days to complete.

5. Program Changes and Termination:

5.1 The Sponsor reserves the right to modify, suspend, or terminate the Program, or any aspect thereof, at any time and without prior notice to Cardholders.

5.2 In the event of Program termination, Cardholders will be given a reasonable period to redeem any remaining rewards points.

6. Account Verification:

6.1 The Sponsor reserves the right to verify the Cardholder's checking account balance through its internal records and systems.

6.2 Any discrepancies in checking account balance between the Cardholder's records and the Sponsor's records will be resolved in accordance with the Sponsor's policies.

7. Account Responsibility:

7.1 Cardholders are solely responsible for maintaining the accuracy of their checking account balance information.

7.2 The Sponsor shall not be liable for any inaccuracies in checking account balance reported by the Cardholder.

8. Fraud and Misuse:

8.1 Any fraudulent activity, misuse of the Card, or attempts to manipulate checking account balances for the purpose of earning higher rewards may result in the immediate termination of the Cardholder's participation in the Program and possible legal action.

9. Governing Law:

9.1 This Agreement shall be governed by and construed in accordance with the laws of the jurisdiction where the Sponsor is headquartered.

By using the [Debit Card Name], the Cardholder acknowledges that they have read and understood the terms of this Agreement and agree to be bound by its conditions. The Sponsor reserves the right to amend this Agreement at any time, with or without prior notice to Cardholders. It is the Cardholder's responsibility to review this Agreement periodically for updates and changes.

If you have any questions or concerns regarding this Agreement or the Program, please contact the Sponsor's customer service.

2024 Every, Inc.

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*Every is not a bank. Banking services provided by Thread Bank, Member FDIC. The Every Visa Business Debit Card is issued by Thread Bank, pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted.

For Every customers with deposit accounts on Thread Bank, your deposits qualify for up to a maximum of $2,500,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at go.thread.bank/sweepdisclosure and a list of program banks at go.thread.bank/programbanks. Please contact customerservice@thread.bank with questions on the sweep program.”

**Terms and conditions apply to the Cashback rewards program. Cashback earned will be credited to your account daily. ATM transactions, the purchase of money orders or cash equivalents, and account funding made with your debit card are not eligible for Cashback. Please refer to the Rewards Terms and Conditions for more details. No minimum opening deposit or minimum balance required.
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***Your deposits qualify for up to $3,000,000 in FDIC insurance coverage when placed at program banks in the Thread Bank deposit sweep program. Your deposits at each program bank become eligible for FDIC insurance up to $250,000, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. You can access the terms and conditions of the sweep program at https://go.thread.bank/sweepdisclosure and a list of program banks at https://go.thread.bank/programbanks. Please contact customerservice@thread.bank with questions regarding the sweep program.

[1]Yield is an annualized 4-week T-bill rate when held to maturity as of [08/21/24] [date must be within the last 7 days] . The rate shown is subject to price fluctuation and is net of fees. T-bills are purchased at a discount to par (par= $1,000), with the price being subject to market fluctuation. The amount of T-Bills available at a particular yield will depend upon the sellers’ offer size; any remaining cash balance after the purchase may not earn the same yield. In general the bond market is volatile, and fixed income securities carry interest rate risk. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income securities also carry other risks, including inflation risk, liquidity risk, call risk, and credit and default risks for both issuers and counterparties.

[2]Yield as of [08/21/24]. The SEC yield for a money market fund is calculated by annualizing its daily income distributions for the previous 7 days. You should consider the investment objectives, risks, charges, and expenses of a money market fund carefully before investing. This and other information is found in the fund’s prospectus. Please read the prospectus before investing. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund. Yields fluctuate and past performance is no guarantee of future results.

[3] Atomic Invest LLC (“Atomic”), through a clearing relationship with Pershing LLC (“Pershing”) offers a cash sweep program. Funds in transit to or from Program Banks are generally not FDIC-insured. The Sweep Program is administered by Pershing, LLC. Deposits at each Program Bank are insured by the FDIC up to $250,000 for each insurable capacity. Based on eligibility criteria, the two FDIC-insured programs (“Bank Deposit Programs”) offered are 1) Dreyfus Insured Deposits (DIDI) and 2) Liquid Insured Deposits. Funds deposited into each sweep program, in aggregate, are eligible for up to $2,500,000 of FDIC insurance. The sweep programs can be configured so that once the funds reach one or more Program Banks (up to $250,000 for each insurable capacity at up to ten Program Banks), then the next Bank Deposit Program is initiated. Although certain types of accounts, such as trust accounts may be eligible for additional FDIC insurance based on the number of beneficiaries, funds will be allocated to each Program Bank in such a way that provides up to $250,000 of FDIC insurance for individual accounts and $250,000 of FDIC insurance for trust and other corporate account types, in each case per Program Bank. If clients elect to exclude one or more Program Banks from receiving deposits the amount of FDIC insurance available through the Atomic Invest account may be lower. Clients are responsible for monitoring their total assets at each Program Bank, including existing deposits held at Program Banks outside of the Atomic Invest account, to ensure FDIC insurance limits are not exceeded, which could result in some funds being uninsured. For more information on FDIC insurance please visit www.FDIC.gov. Deposits held in Program Banks are not protected by SIPC. For more information see Pershing’s Terms and Conditions and the Atomic Invest Form ADV Part 2A.

Every, Inc. has an engagement with Atomic Invest, LLC (“Atomic Invest”), an SEC-registered investment adviser, to bring you the opportunity to open an investment advisory account. Investment advisory services are provided by Atomic Invest. Companies which are engaged by Atomic Invest receive compensation of 0% to 0.85% annualized, payable monthly, based upon assets under management for each referred client who establishes an account with Atomic Invest (i.e., exact payment will differ). Atomic Invest also shares a percentage of compensation received from margin interest and free cash interest earned by customers with Every, Inc.. Every, Inc. is not a client of Atomic Invest, but our engagement with Atomic invest gives us an incentive to refer you to Atomic Invest instead of another investment adviser. This conflict of interest affects our ability to provide you with unbiased, objective information about the services of Atomic Invest. This could mean that the services of another investment adviser with whom we are not engaged could be more appropriate for you than Atomic invest. Neither Atomic Invest nor Atomic Brokerage, LLC (FINRA registered broker-dealer and member of SIPC), nor any of their affiliates is a bank. Investments in securities are Not FDIC insured, Not Bank Guaranteed, and May Lose Value. Investing involves risk, including the possible loss of principal.

Before investing, consider your investment objectives and the fees and expenses charged by Atomic Invest and/or Atomic Brokerage. Advisory services through Atomic Invest are designed to assist clients in achieving a favorable outcome in their investment portfolio. They are not intended to provide tax advice or financial planning with respect to every aspect of a client’s financial situation and do not include investments that clients may hold outside of Atomic Invest. For more details about Atomic Invest and/or Atomic Brokerage, please see the Form CRS, Form ADV Part 2A, the Privacy Policy, and other disclosures. Custodial and clearing services are provided to Atomic Invest and Atomic Brokerage by Pershing LLC.