Paycheck Router Preauthorization for Recurring Electronic Funds Transfers

Preauthorization for Recurring Electronic Funds Transfers from Your Deposit Account to Your External Bank Account

By agreeing to this Paycheck Router Preauthorization for Recurring Electronic Funds Transfers (“Preauthorization Agreement”), you are hereby consenting to and authorizing Evolve Bank & Trust (“Evolve”) to initiate recurring electronic funds transfers from your Deposit Account at Evolve to your linked external bank account in the EarnIn mobile app (“Bank Account”). Evolve will debit your Deposit Account, and make the corresponding credit entry/entries to your Bank Account, on the same day that your paycheck is received/made available via direct deposit in your Deposit 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”), the EarnIn Cash Out User Agreement, and/or the FAQs on EarnIn’s website.

The amount of such electronic fund transfers shall vary and shall be determined in accordance with the range of amounts as described below:

  • Between $0 and the amount you’ve elected to be transferred within the EarnIn mobile application.

The actual amount transferred may be less than your election if your paycheck is lower than expected, or if your paycheck does not cover your EarnIngs Spent (including any voluntary tips you elected to give to EarnIn pursuant to Cash Out User Agreement and any fees for voluntary expedited transfers with Lightning Speed, as defined and disclosed within the EarnIn mobile application). EarnIn may, at its discretion, limit your Pay Period Max to ensure you have sufficient funds to fulfill your Paycheck Router election.

You elect to only receive notice of varying amounts of debits under this Preauthorization Agreement if the debit amount deviates from the amounts described above.

Evolve will make the electronic fund transfer described above on each Business Day to the extent your Deposit Account has a positive balance.

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

You acknowledge and agree that your authorization for Evolve to initiate recurring electronic fund transfers from your Deposit Account to your Bank Account will remain in full force and effect until you A) revise the amount elected in your Paycheck Router settings or toggle off the Paycheck Router in the EarnIn mobile application, OR B) notify EarnIn directly that you wish to revoke this authorization by emailing support@earnin.com, or by contacting the EarnIn team via live chat in the EarnIn mobile application. If you choose to revoke via option A, you acknowledge that you must notify Evolve through its Servicer, EarnIn, at least one (1) Calendar Day before your next scheduled transfer date in order to cancel your authorization. If you choose to revoke via option B, you acknowledge that you must notify Evolve through its Servicer, EarnIn, at least three (3) Business Days before your next scheduled transfer date in order to cancel your authorization. If Evolve does not receive notice within these respective timeframes before the scheduled debit date, Evolve may attempt, in its sole discretion, to cancel the debit transfer. However, Evolve assumes no 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. Please note that revoking this authorization will not cancel any payment that is initiated before your revocation becomes effective.

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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