Preauthorization for Recurring Internal Electronic Debit Funds Transfer from Your Deposit Account to Your Secured Account

By agreeing to this Preauthorization for Recurring Electronic Funds Transfers (“Preauthorization Agreement”), you are hereby consenting to and authorizing Activehours, Inc. d/b/a EarnIn (“EarnIn” or “Servicer”) to initiate recurring electronic debit transfers to your deposit account at Evolve Bank & Trust (“Deposit Account”) and are further consenting to and authorizing Evolve Bank & Trust (“Evolve”) to credit such amount to your Secured Account at Evolve (“Secured Account”). Capitalized terms in this Preauthorization Agreement that are not otherwise defined herein, shall have the meaning assigned to them in your Cardholder and Security Agreement that governs your EarnIn Card (“Cardholder Agreement”) and/or EarnIn’s Cash Out User Agreement.

You acknowledge that this agreement is solely for your authorization to have debit transfers made from your Deposit Account to your Secured Account. Pursuant to your Cardholder Agreement, unless where otherwise permitted by Evolve, your ability to withdraw and transfer funds from your Secured Account is restricted as your Secured Account secures your obligations under the terms and conditions of your Cardholder Agreement.

The amount of each debit shall vary and shall be determined in accordance with the range of amounts as described below:

  • Between zero and the full amount of deposited funds in the Deposit Account, based on the below criteria we apply when your paycheck is received in your Deposit Account:
      1. First, you authorize EarnIn to initiate a debit entry to your Deposit Account to repay funds, voluntary tips, and/or fees to EarnIn in connection with your Cash Out/Transfer Out activity. The amount of the debit will be determined by any future one-time debit authorization(s) you may further agree to when requesting a Cash Out/Transfer Out.
      2. Second, if funds remain, you authorize Evolve to transfer additional funds from your Deposit Account to your linked external bank account in the EarnIn mobile app (“Bank Account”) in connection with your Paycheck Router settings. The amount of this transfer will be determined by any future Paycheck Router preauthorization agreement(s) you may further agree to when using Paycheck Router.
      3. Third, if funds remain, you authorize Evolve to transfer them from your Deposit Account to your Secured Account under the terms of this Preauthorization Agreement.

To the extent your Deposit Account has a positive balance, you authorize EarnIn to initiate recurring electronic debit transfers of your deposited funds (in the range of amounts defined above) from your Deposit Account and you authorize Evolve to deposit such funds to your Secured Account on each Business Day. You elect to only receive notice of varying amounts of debits under this Preauthorization Agreement if the debit amount deviates from the range of amounts described above.

You further authorize Evolve or EarnIn, as applicable, to debit or credit the Deposit Account and Secured Account in the amount necessary to correct any erroneous debits or credits, as applicable.

You further understand and acknowledge that this Preauthorization Agreement supersedes any prior authorization you have provided to EarnIn or Evolve, as applicable, to initiate the transfer of funds from your Deposit Account to your Secured Account.

You acknowledge and agree that your authorization for EarnIn to initiate recurring electronic debit transfers from your EarnIn Express Account to your Secured Account will remain in full force and effect until you notify EarnIn that you wish to revoke this authorization by calling 888-537-9883 or by contacting the EarnIn team via live chat in the EarnIn Mobile App. You acknowledge that you must notify Evolve through, EarnIn, at least three (3) Business Days before your next scheduled transfer date in order to cancel your authorization. If Evolve or EarnIn, as applicable, does not receive notice at least three (3) Business Days before the scheduled debit date, Evolve or EarnIn, as applicable may attempt, in its sole discretion, to cancel the debit transfer. However, neither Evolve nor EarnIn assumes any responsibility for its failure to do so. You understand that if you call to cancel your authorization, we may require you to put your request in writing and provide your written request to EarnIn within fourteen (14) calendar days after you call. If we do require you to put your request in writing, your oral request to cancel your authorization will cease to be binding after fourteen (14) days.

You acknowledge and agree that if you revoke your authorization hereunder, you will no longer qualify for an EarnIn Card and Secured Account and Evolve shall have the right to close your EarnIn Card Account and Secured Account and you will no longer be able to use your EarnIn Card. Upon closing your EarnIn Card and Secured Account, if there is no Card Balance or other Obligations due from you under the Cardholder Agreement, Evolve will return any remaining and available funds held in your Secured Account by any method it deems appropriate, including by transferring such funds to your Linked Account.

You acknowledge and agree that the withdrawal of your authorization contained herein will not apply to ACH transactions performed before the withdrawal of your authorization becomes effective.

EarnIn is a financial technology company, not a bank. Bank products are issued by Evolve Bank & Trust, Member FDIC. The EarnIn Card is issued pursuant to a license from Visa USA Inc.

1Subject to your available earnings, Daily Max and Pay Period Max. EarnIn does not charge interest on Cash Outs.

2Fees apply to use Lightning Speed. Lightning Speed may not be available to all Community Members. Cash Outs may take up to thirty minutes, actual transfer speeds will depend on your bank connection. Restrictions and/or third party fees may apply, see Earnin.com/TOS for details.

1Restrictions on use of Services and/or third party fees may apply, see earnin.com/privacyandterms for details.

2Balance Shield cash out is subject to your available earnings and daily pay period max. Other restrictions and/or third party fees may apply. For more information visit earnin.com/privacyandterms.

3Tip Yourself Account funds are held with Evolve Bank & Trust, Member FDIC and FDIC insured up to $250,000. Tip Yourself is a 0% APY and $0 monthly fee service. Other restrictions and/or third party fees may apply, see earnin.com/privacyandterms for details.

1Fees may apply to use Lightning Speed. Lightning Speed may not be available to all Community Members. Cash Outs may take up to thirty minutes, actual transfer speeds will depend on your bank connection. Restrictions and/or third party fees may apply, see  Earnin.com/TOS for details.

2Restrictions and/or third party fees may apply, see Earnin.com/TOS for details.

3Balance Shield cash out is subject to your available earnings and your daily pay period max. Other restrictions and/or third party fees may apply, see Earnin.com/TOS for details.

4Tip Yourself Account funds are held with Evolve Bank & Trust, Member FDIC and are insured by the FDIC up to the standard maximum deposit insurance amount per depositor, per FDIC-insured bank, and per ownership category. Tip Yourself is a 0% Annual Percentage Yield and $0 monthly fee service. Other restrictions and/or third party fees may apply. For more information/details visit earnin.com/tos.

5Up to two days early is based on comparison with traditional banks. Exact timing is dependent on your employer’s payroll policies. For more information on eligibility and requirements of Earnin Express, visit Earnin.com/TOS.

6Your Max on Earnin Express is up to 80% of your payroll or $1000, whichever is less. The 80% is dependent on you routing your full paycheck to Earnin Express. For more information on eligibility and requirements of Earnin Express, visit Earnin.com/TOS.

7Learn how we collect and use your information by visiting our Privacy Policy.

1Disclaimer: Restrictions and/or third party fees may apply, see earnin.com/privacyandterms for more details. Lightning Speed may not be available to all Community Members. Cash Outs may take up to thirty minutes, actual transfer speeds will depend on your bank connection.

2Disclaimer: Lightning Speed may not be available to all Community Members. Cash Outs may take up to thirty minutes, actual transfer speeds will depend on your bank connection. Restrictions and/or third party fees may apply, see earnin.com/privacyandterms for details

3Disclaimer: Community Member must have had at least 1 successful debit with EarnIn. Limit to 1 Max Boost per pay period. A boost will not adjust a Community member's daily max. Restrictions may apply, see earnin.com/privacyandterms for more details

*Disclaimer: Balance Shield Cash Out is subject to your available earnings and daily pay period max. Other restrictions and/or third party fees may apply. For more information visit earnin.com/privacyandterms

1Restrictions may apply, see earnin.com/privacyandterms for more details. Tip Yourself Account funds are held with Evolve Bank & Trust, member FDIC and FDIC insured up to $250,000. Tip Yourself is a 0% Annual Percentage Yield and $0 monthly fee service. Your Tip Yourself Account and any Tip Jars are not Savings Accounts. For more information/details visit earnin.com/privacyandterms

2Disclaimer: NO PURCHASE NECESSARY TO ENTER OR WIN. Must be 18 years of age or older and a legal resident of the U.S. or DC. Games begin each Sunday starting 12/6/20 at 9:01 p.m. ET and end the following Monday at 9:00 p.m. ET with the last Game ending 12/19/21. To download the App, view the Official Rules, odds disclosures, prize details, and alternate means of entry, visit https://www.Earnin.com/wewin/game-rules/. Void where prohibited. $10,000,000 grand prize payable over 29 years. Sponsor: Activehours, Inc. (d/b/a Earnin), 200 Portage Ave, Palo Alto, CA 94306.

3Disclaimer: Restrictions Apply. See Earnin.com/wewin/pool-rules/ for more information

1EarnIn does not charge a hidden or mandatory fee for use of its services. Restrictions and/or third party fees may apply. For more info: visit earnin.com/TOS.

*Survey conducted in February 2020 with 889 participants.

* Earnin does not charge hidden fees for use of its services. Restrictions and/or third-party fees may apply. For more info, visit earnin.com/TOS.

1EarnIn is a financial technology company, not a bank. The Deposit Account, Secured Account, and EarnIn Card are issued by Evolve Bank & Trust, Member FDIC. The EarnIn Card is issued pursuant to a license from Visa USA Inc.

2Subject to your available earnings, Daily Max and Pay Period Max. Restrictions and/or third party fees may apply, see EarnIn.com/TOS for details.

3Internal analysis conducted by EarnIn in January 2021, represents total users who Cashed Out at least once from January 1 to December 31, 2020

4This research was conducted online by FTI Consulting’s Digital & Insights team, on behalf of Brigit, MoneyLion & EarnIn. FTI Consulting researched n=4,735 of Brigit, MoneyLion and EarnIn’s Direct to Consumer (D2C) Early Wage Access service consumers between the dates of April 21st, 2021 – May 18th, 2021, and results were weighted in equal proportions to ensure equal representation among the consumers of each participating company. Due to the standard convention of rounding, some totals may not add up to 100%

5Internal survey conducted in February 2020 with 889 participants.

6EarnIn does not charge hidden or mandatory fees for use of its services. Restrictions and/or third party fees may apply. For more info visit earnin.com/TOS

7$4.68 ATM fee = $3.02 ATM + $1.66 bank fee https://www.bankrate.com/banking/checking/checking-account-survey/

8Internal data June 2022- Dec. 2022.

* EarnIn does not charge hidden fees for use of its services. Restrictions and/or third-party fees may apply. For more info, visit earnin.com/TOS.

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