The rate they choose is either: (i) selected from the range of rates available in wholesale currency markets (which may vary from the rate the association itself receives), or (ii) the government-mandated rate in effect for the applicable central processing date. dollars or in the United States (“International Transaction”), the amount deducted from your Card account will be converted by the network or Card association that processes the transaction into an amount in U.S. International Transactions If you make a purchase in a currency or country other than in U.S. We may refuse to process any transaction that we believe may violate the terms of this Agreement. For security reasons, we may limit the amount or number of transactions you can make on the Card. In no event may the Card be used to conduct illegal transactions. If you permit someone else to use your Card, we will treat this as if you have authorized such use and you will be responsible for any transactions made subject to such use. Each time you use your Card, you represent and warrant to us that you are either the Cardholder or an authorized user of the Card. You may use your Card to obtain cash by presenting it over-the-counter in banks or other financial institutions that accept Visa cards in exchange for cash for the fee set out in Section 1 of this Agreement. ![]() You can also obtain cash from certain out-of-network ATMs for the fees set out in Section 1 of this Agreement. There will be no fee for withdrawing cash from active participants in the Allpoint or MoneyPass networks as identified by the locator available on the Website. You may use your Card to obtain cash at automated teller machines (ATMs). Each time you use your Card, you authorize us to reduce the value available on your Card by the amount of the transaction plus any applicable fees. You may use the Card to purchase goods and services wherever Visa debit cards are accepted. For Cards with more than one cardholder’s name, only the person listed first (“Primary Cardholder”) may activate the Card. The Government Agency is fully responsible for ensuring funds are available to be loaded to your Card. The funds accessible to you are provided by the Government Agency, not by us. Accessing Funds and Limitations You must activate your Card prior to use by calling the Customer Service phone number at the top of this Agreement. Your Card will be pre-registered with limited personal information provided to us by the Government Agency. You may access your Card via the Money Network Mobile Application or (“Website”). ![]() Following the Card’s Expiration Date, any remaining balance will be returned to the Government Agency, as required by the Better for Families Act of 2022. After your Card has been funded, you will have access to the funds until the Expiration Date. The last day of the month indicated after “Valid Thru” is your Card’s “Expiration Date.” Your Card will no longer work after the Expiration Date. Your Card has a “Valid Thru” date indicated on the front of the Card. Your Card will be funded upon activation of your Card. ![]() The Card is nontransferable, and it may be canceled, repossessed or revoked at any time without prior notice subject to applicable law. This Card will remain our property and must be surrendered upon demand. “We,” “us,” and “our” mean Flagstar Bank. “You” and “your” mean the person or persons who have received the Card and are authorized to use the Card as provided for in this Agreement. This Cardholder Agreement (“Agreement”) sets forth the terms and conditions under which the California Middle Class Tax Refund Card (“Card”) has been issued to you by My Banking Direct, a service of Flagstar Bank, N.A., Member FDIC by authorization of the California Franchise Tax Board (“Government Agency”) based in part on the Government Agency’s determination of your income eligibility. In the Arbitration Clause, there is a process for opting out of arbitration. This Agreement contains an Arbitration Clause (see “Arbitration Clause” Section 9(b)) requiring all claims to be resolved by binding arbitration.When your Card expires, any remaining balance on your Card will be returned to the State of California. ![]() Any replacement card will have the same Valid Thru date. Your Card has a “Valid Thru” date printed on the front of the card indicating the expiration date of your Card.Your Card will be funded upon activation of the Card.
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