Business Deposit Account Agreement Disclosures

The following Business Deposit Account Agreement Disclosures (the “Disclosures”) apply to the interest-bearing demand deposit account (the “Account”) issued by i3 Bank (the “Bank”), a member of the Federal Deposit Insurance Corporation (“FDIC”) and chartered under the laws of the State of Nebraska. These Disclosures are incorporated by reference into the i3 Bank Business Deposit Account Agreement (the “Agreement”) and the i3 Bank Business Visa Debit Cardholder Agreement (the “Cardholder Agreement”). Unit Finance Inc. (“Program Partner”) is responsible for assisting the Bank with the administration of the Business Deposit Account Program (the “Program”). Capitalized terms not otherwise defined herein have the same meaning as set forth in the Agreement.

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How to Contact Us

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For most matters, you should contact us via the in-application support widget or the contact information listed in the Online Banking Application.

For questions or concerns about any debit card-related suspected errors or unauthorized transactions, or if you would like us to stop a recurring debit to your debit card, please contact us at 1-833-333-0417.

If your debit card, debit card number, or PIN is lost, stolen, or misplaced, you need to activate your debit card, or you have a question about the Fraud Outreach program, contact us via the in-application support widget or the contact information listed in the Online Banking Application.

For questions or concerns about any non-card transactions, including suspected errors, unauthorized EFTs, or stop payment requests for preauthorized transfers, please contact us via the in-application support widget or the contact information listed in the Online Banking Application.

If applicable, for questions or concerns about adding or deleting Authorized Users, checking your current interest rate, substitute checks or check standards, or closing your Account, please contact us via the in-application support widget or at the contact information listed in the Online Banking Application.

For questions or concerns about updating your name, address, or other contact information, identity theft, reporting account takeover, checking the status of a transaction, or providing instructions regarding a transaction, such as direct deposits and other incoming ACH transactions, please contact us via the in-application support widget or the contact information listed in the Online Banking Application.

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Paperless Account

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To open an Account, you must agree to go “paperless.” This means that you must provide us with, and continue to maintain, a valid email address, and accept electronic delivery of all communications that we need or decide to send you in connection with your Account, by agreeing to the Electronic Disclosure and Consent To Use Electronic Records, Communications, and Signatures at https://disclosures.i3.bank/terms/unitfinanceoneprogram/electronicconsentdisclosures.pdf.

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How to Open an Account

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You may open an Account by visiting the Online Banking Application and following the instructions there.

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Minimum Deposits and Balances

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There is no minimum deposit required to open an Account and no minimum balance you need to maintain in your Account.

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Interest Disclosures

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The interest rate and annual percentage yield on your Account are variable and may change from time to time. The interest rate on your Account is based on the midpoint of the federal funds rate target range, as established by the Federal Open Market Committee of the Federal Reserve, multiplied by a percentage that depends on the tier your balance falls into:

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• First tier: the midpoint of the federal funds rate target range multiplied by 25.8%.
• Second tier: the midpoint of the federal funds rate target range multiplied by 48.4%.
• Third tier: the midpoint of the federal funds rate target range multiplied by 71%.

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To the extent applicable, you can access the current interest rate applicable to your Account through the Online Banking Application or by contacting us as specified in the “How to Contact Us” section above. The federal funds rate target range is published at https://www.newyorkfed.org/markets/reference-rates/effr as the Federal Funds – Target Rate.

We use the daily balance method to calculate the interest on your Account. This method applies a daily periodic rate equal to 1/365 of the interest rate to the collected balance in the Account each day. Interest will begin to accrue no later than the next business day following the banking day on which the funds were deposited.

Interest on your Account will be compounded and credited on a monthly basis. If you close your Account, you will receive any interest that has accrued as of the date your Account is closed.

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Confidentiality and Our Privacy Policy

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Information about your Account and your transactions is collected pursuant to the Agreement. The Program Partner’s privacy policy is available at https://www.unit.co/privacy-policy.

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Deposits Into Your Account

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You may make deposits into your Account using any of the methods described below. We do not charge you any fees for making deposits.

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• Direct deposits and other ACH transfers initiated by a third party*: no limits.
• Internal transfers between eligible Accounts managed by the Program (see the “Transfers To or From Accounts You Have With Us” section of the Agreement): no limits.
• Direct payments or ACH transfers via the ACH Origination Service (deposits resulting from payment requests initiated from your Account), and ACH transfers to your Account from a connected U.S. bank account with another institution (see the “Transfers To or From Connected U.S. Bank Accounts” section of the Agreement)**: $25,000 daily; $250,000 monthly.
• Domestic wire: no limits.
• Cash deposit at an in-network ATM: $2,000 per day; $60,000 per 30-day month. 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.
• Checks (via the Check Deposit Services*): $20,000 per day; $100,000 per month.

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* The recipient’s name on any direct deposit, ACH transfer, or deposited check must match the name on the Account, or the deposit may be returned to the originator.

** You may transfer funds between your Account and another bank account. The connected bank account must be located in the United States.

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Our Funds Availability Policy

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It is our policy to make deposits to your Account available for withdrawal according to the table provided in the “Our Funds Availability Policy” section of the Agreement, except where limited by us pursuant to the “Transfers To or From Connected U.S. Bank Accounts” section of the Agreement. Your Account supports the following types of deposits:

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• Internal transfers between eligible Accounts managed by the Program (see the “Transfers To or From Accounts You Have With Us” section of the Agreement)
• Direct deposits and other ACH transfers initiated by a third party
• Domestic wire
• Cash deposit at an in-network ATM
• Checks (via the Check Deposit Services)

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Withdrawals From Your Account

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You, or, if applicable, an Authorized User, may withdraw funds up to the amount of your Available Balance, less applicable fees, using any of the methods below and subject to the following limits:

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• Internal transfers between eligible Accounts managed by the Program (see the “Transfers To or From Accounts You Have With Us” section of the Agreement): no limits.
• ACH transfers from your Account to another bank account via the ACH Origination Service, and ACH transfers to your Account from a connected U.S. bank account with another institution (see the “Transfers To or From Connected U.S. Bank Accounts” section of the Agreement)*: $250,000 daily; $500,000 monthly.
• ACH transfers to a merchant or other third party you authorize to withdraw from your Account using your routing number and account number: no limits.
• ATM withdrawals: $1,000 per day; $30,000 per 30-day month.
• Point-of-sale (POS) transactions, online purchases, and other transactions at merchants using your debit card: $7,500 daily; $225,000 per 30-day month.

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* You may transfer funds between your Account and another bank account. The connected bank account must be located in the United States.

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Overdraft Services

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We do not offer overdraft services or charge fees for overdrafts or non-sufficient funds. We typically will return or decline to process a transaction (including, where applicable, ATM and debit card transactions) if it exceeds your Available Balance. However, it is still possible for you to overdraw your Account, such as when you write checks (since there is a delay between when you write the check and when we receive it for processing), when we settle authorized debit card transactions, as discussed in the “Debit Card Authorization” section of the Agreement, or if a deposit you make is returned. You must make a deposit immediately to cover any negative balance, including a negative balance resulting from an overdraft. If your Account has a negative balance for sixty (60) calendar days or more, we may close your Account. We reserve the right to close your Account at an earlier date, as permitted by law.

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Fee Schedule

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• ACH origination service fee: not applicable.
• Same-Day ACH origination service fee: $1.00 per origination.
• International transaction fee: one percent (1%) of the transaction. You will be charged this fee for any ATM or POS transaction conducted outside the United States, or for any online transaction conducted with a merchant outside the United States.
• Out-of-network ATM transaction fee: none. 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, which you can identify by looking for the Allpoint logo on or near the ATM.
• Domestic wire: $10.00 per origination.
• Physical debit card replacement: $4.00 per card.

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Types of EFTs Supported by Your Account

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Your Account supports the following types of EFTs:

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• Direct deposits
• Domestic wires
• Transfers to or from your Account and a connected bank account.
• Transfers to or from your Account by a third party, such as payments you make to a vendor or employee, or payments you receive from a customer or client.
• Transfers to or from your Account to a merchant or other third party by providing the third party with your debit card or debit card information.
• Purchases or other transactions using your debit card.
• ATM deposits or withdrawals using your debit card.

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ACH Origination Service Applicability

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The ACH Origination Service is enabled for your Account; therefore, the “ACH Origination Service” section of the Agreement applies to your Account.

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Check Deposits, Mobile Deposit Services, and Check Writing Applicability

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The Check Deposit Services are enabled for your Account; therefore, the Check Deposits, Mobile Deposit Services, and Check Writing section of the Agreement applies to your Account. You can deposit checks via iOS and/or Android. Your Account does not enable check writing, so the check writing sections of the Agreement do not apply to your Account.

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Wire Transfers Applicability

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Wire transfers are enabled for your Account; therefore, the Wire Transfers section of the Agreement applies to your Account. Specifically, your Account enables inbound wires.

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Debit Card Applicability

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Debit cards are enabled for your Account; therefore, the Cardholder Agreement applies to your Account.

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Authorized Users Applicability

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You are permitted to designate Authorized Users for your Account.

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CONTACT US

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If you have any questions or concerns about this Agreement or our Services, you may contact us at: hey@cookiefinance.com