Privacy Policy | Earnin

Earnin Express Preauthorized Electronic Funds Transfer Authorization

You hereby authorize Evolve Bank & Trust (“Evolve”) to make recurring electronic debit transfers from your Earnin Express designated deposit account at Evolve (the “Bank Account”) to the deposit account linked to the Bank Account, and, if necessary, to correct erroneous debits and credits. The amount of each transfer shall be determined in accordance with the ranges described as follows:

  • The full amount available in the Bank Account on each Business Day; or

  • If you owe funds to Activehours, Inc. (“Earnin”) pursuant to your Cash Outs (as defined in the terms of service by and between you and Earnin (the “Terms”)), and/or if you elected to give any voluntary tips to Earnin, as further described in the Terms, the transfer amount shall be the full amount available in the Bank Account on each Business Day, net any funds owed Earnin pursuant to your Cash Out and voluntary tips.

Evolve will transfer funds each Business Day to the extent the Bank Account has a positive balance. You elect to only receive notice of varying amounts of debits under this authorization if the debit amount deviates from the amounts described above. 

Furthermore, you hereby authorize Evolve to make recurring electronic credit transfers from your Bank Account to Earnin (and its designated account) in an amount equal to any funds you may owe Earnin pursuant to your Cash Outs and any other amounts you may have committed to provide to Earnin as a voluntary tip, pursuant to the Terms, and, if necessary to correct erroneous debits and credits. The amount and timing of each transfer shall be determined as follows:

  • The amount of funds owed to Earnin pursuant to your Cash Outs and any voluntary tips on the day your paycheck direct deposit is received in your Bank Account.

You elect to only receive notice of varying amounts of transfers under this authorization if the transfer amount deviates from the amount described above. You may view the balance in the Bank Account by using the Earnin mobile application. You will also be able to view the amounts to be debited from your Bank Account through the Earnin mobile application, and the balance of funds owed to Earnin pursuant to your Cash Outs and any voluntary tips you elected to give to Earnin.

You understand and agree that this authorization to initiate debit entries to your Bank Account will remain in full force and effect until you notify Evolve that you wish to revoke this authorization by emailing [email protected]. You acknowledge that you must notify Evolve at least three (3) business days before the scheduled debit date in order to cancel this authorization. If Evolve does not receive notice at least three business days before the scheduled debit date, Evolve may attempt, in its sole discretion, to cancel the debit transaction. However, Evolve assumes no responsibility for its failure to do so.

You understand and agree that if you revoke this electronic authorization contained on this form, Evolve will close your Bank Account and return the balance in your Bank Account to your linked deposit account, and you will no longer be able to use your Bank Account or Earnin Express, as set forth in the Terms. You acknowledge and agree that it is your responsibility to switch all of your direct deposits, including your paycheck away from your Bank Account, and further understand that the withdrawal of your electronic authorization contained herein will not apply to ACH transactions performed before the withdrawal of your authorization becomes effective.

1Earnin 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.

2Disclaimer: 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/TOS.

3Source: Internal analysis conducted by Earnin on December 10, 2020.

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 thirdparty 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

*Survey conducted in February 2020 with 889 participants.

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

1. 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.

1. Disclaimer: 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/privacyandterms.
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