Common use of General Rules Governing Deposit Accounts Clause in Contracts

General Rules Governing Deposit Accounts. The Varo Bank Account and your obligations under this Bank Account Agreement may not be assigned. We may transfer our rights under this Bank Account Agreement. Use of the Varo Bank Account is subject to all applicable rules and customs of any clearinghouse or other association involved in transactions. We do not waive our rights by delaying or failing to exercise them at any time. If any provision of this Bank Account Agreement shall be determined to be invalid or unenforceable under any rule, law, or regulation of any governmental agency, local, state, or federal, the validity or enforceability of any other provision of this Bank Account Agreement shall not be affected. This Bank Account Agreement will be governed by the law of the State of Utah except to the extent governed by federal law. 1. Deposits to the Varo Bank Account You can make deposits to your Varo Bank account by any of the methods below. These are the itemized deposit limits for your Varo Bank Account, which limits may be modified from time to time depending on activity on this account and any other Varo Accounts you may hold, and also whether or not you have activated the Card: Transaction type Frequency and/or Dollar Limits Online Transfer from Varo Savings Account to the Varo Bank Account No limit to the number of times per calendar day and no maximum dollar limit, as long as under available balance in the Varo Savings Account Direct deposits of Automated Clearing House ("ACH") transfer initiated from an outside financial institution* No limit to the number of times per calendar day and no maximum dollar limit ACH transfers to the Varo Bank Account using the Mobile App Limits will be disclosed to you when you access the ACH Transfer feature using the Mobile App. Varo may change such limits at any time at our sole discretion. Limits may be changed based on the length of time the Varo Bank Account has been open and prior account activity. Cash Deposits via Third Party Money Transfer Services** Please see xxxxx://xxxxxx.xxxxxxxxxxxxx.xxx/locations for more information about participating locations. Limits: ● $1,000 per calendar day ● $5,000 per calendar month Please note that the deposit location may charge up to $5.95 for this service. Mobile check deposit Limits will be disclosed to you when you access the Mobile Deposit feature using the Mobile App. Varo may change such limits at any time at our sole discretion. Limits may be changed based on the length of time the Varo Bank Account has been open and prior account activity. Please see Section III, captioned “MOBILE CHECK DEPOSIT”’ for full information on this feature. *Direct deposits from an outside financial institution: The recipient’s name on any such deposits we receive must match the name of the Varo Account holder. Any such deposits received in a name other than the name registered to the Varo Bank Account will be returned to the originator ** Third party money transfer services used to add cash to your Varo Bank Account may impose their own fees, and limits (per transaction, daily, weekly or monthly) on the frequency or amount of cash you may deposit to the Varo Bank Account. IMPORTANT: If your Varo Bank Account number changes you must immediately notify your employer or any other payers. You must provide them with the new Varo Bank Account number to ensure that your direct deposit activity continues uninterrupted. 2. No Cash, Paper Checks or Foreign Currency Varo does not accept, and is not liable for, any cash, check or money order deposits received by mail. ● Cash: We do not accept deposits made in cash. If we receive a cash deposit by mail, the cash will be mailed back to the address we have for you on file. ● Paper Checks: While checks made payable to you as a payee may be deposited to your Varo Bank Account using Mobile Check Deposit ("Mobile Deposit"), personal checks, cashier's checks, and money orders may not be deposited by mail. See Section III captioned "MOBILE CHECK DEPOSIT". All checks and money orders sent to us for deposit will be returned unless the full amount may be applied towards a negative balance, in which case the check or money order may or may not be deposited to the Varo Bank Account at our discretion. ● Foreign Currency: We do not accept deposits in foreign currency. Any deposits received in foreign currency, cash or check, will be sent back to the address we have for you on file. 3. Funds Availability Please refer to Section III paragraph 10, captioned "Mobile Deposit Funds Availability", and Section V, "General Funds Availability Policy" for additional information. 4. ACH Debits Your Varo Bank Account number and Varo Bank’s ABA routing number can be used for preauthorized direct debits ("ACH Debits") from merchants, internet service or other utility service providers ("Merchants") and for the purpose of initiating direct deposits to the Varo Bank Account. These transfers will be processed under the Operating Rules of the National Automated Clearing House Association ("NACHA") and you agree to comply with the NACHA rules. Detailed information regarding preauthorized transfers is available in Section II, captioned "Electronic Funds Transfer Disclosure and Special Terms and Conditions." IMPORTANT: If your Varo Bank Account number changes you must immediately notify Merchants of the new Bank Account number to ensure that you continue to make payments. 5. Problems That Could Occur with Deposits Overpayments and Reversals: If funds are deposited or transferred into the Varo Bank Account by mistake or otherwise, we may correct the situation by deducting the amount of the deposit from the Varo Bank Account without prior notice to you. If there are not enough funds in the Varo Bank Account at that time, the Varo Bank Account could become overdrawn. See the "No Overdrafts" and "Our Right to Set Off" paragraphs below for more information about what could occur if the Varo Bank Account has a negative balance.

General Rules Governing Deposit Accounts. The Varo Bank Account and your obligations under this Bank Account Agreement may not be assigned. We may transfer our rights under this Bank Account Agreement. Use of the Varo Bank Account is subject to all applicable rules and customs of any clearinghouse or other association involved in transactions. We do not waive our rights by delaying or failing to exercise them at any time. If any provision of this Bank Account Agreement shall be determined to be invalid or unenforceable under any rule, law, or regulation of any governmental agency, local, state, or federal, the validity or enforceability of any other provision of this Bank Account Agreement shall not be affected. This Bank Account Agreement will be governed by the law of the State of Utah Minnesota except to the extent governed by federal law. 1. Deposits to the Varo Bank Account You can make Account: Make deposits to your Varo Bank account by Account using any of the methods set forth below. These are the itemized deposit limits for your Varo Bank Account, which limits may be modified from time to time depending on prior activity both on this account and any on other Varo Accounts you may hold, transactions and also whether or not you have activated the Card: Transaction type Frequency and/or Dollar Limits Online Transfer from Varo Savings Account to the Varo Bank Account No limit to the number of times per calendar day and no maximum dollar limit, as long as under available balance in the Varo Savings Account Direct deposits of Automated Clearing House ("ACH") transfer ACH transfers initiated from an outside financial institution* No limit to the number of times per calendar day and no maximum dollar limit limit. ACH transfers to the Varo Bank Account using the Mobile Angeleno Connect Debit Card App Limits will be disclosed No limits to you when you access the ACH Transfer feature using the Mobile App. Varo number of times per calendar day $1,000 per calendar day $9,999 per month MoCaFi may change such limits at any time at our their sole discretion. Limits may be changed based on the length of time the Varo Bank Account has been open and prior account activity. Transfers from Your Bank Account, Debit or Credit Card** $1,000 per calendar day $9,999 per month Account-to-Account Transfers $1,000 per calendar day $9,999 per month Account-to-Account transfers may only be made to and from other MoCaFi Demand Deposit Accounts, including other Angeleno Connect MoCaFi Mobility Bank Accounts. Cash Deposits via Third Party Money Transfer Services*** Please see xxxxx://xxxxxx.xxxxxxxxxxxxx.xxx/locations for more information about participating locations. Limits: ● and Allpoint+ ATMs**** $1,000 1,000.00 per calendar day ● $5,000 per 7,000.00 within any period of seven (7) calendar month Please note that the deposit location may charge up to days $5.95 for this service10,000.00 within any period of thirty (30) calendar days. Mobile check deposit Limits will be disclosed to you when you access the Mobile Deposit feature using the Mobile App. Varo MoCaFi may change such limits at any time at our their sole discretion. Limits may be changed based on the length of time the Varo Bank Account has been open and prior account activity. Please see Check Deposits See Section III, captioned “MOBILE CHECK DEPOSIT”’ Mobile Check Deposit for full information on this featuredepositing checks. Checks must be in an amount that is between $5 and $5,000. Check Deposits are limited to: $5,000 per check, $5,000 in cumulative checks per calendar day and $10,000 in cumulative checks per month. *Direct deposits from an outside financial institution: The recipient’s name on any such deposits we receive must match the name of the Varo Account holderAccountholder. Any such deposits received in a name other than the name registered to the Varo Bank Account will may be returned to the originator originator. ** Third party money transfer Transfers from another bank account you own, from another debit card in your name or from your credit card may be made via the Connected Accounts feature in the Angeleno Connect Debit Card App. *** MANY THIRD-PARTY MONEY TRANSFER services used to add cash to your Varo Bank Account may impose their own fees, and limits (per transaction, daily, weekly or monthly) on the frequency or amount of cash you may deposit to your Account. MoCaFi has established a fee free cash load option with Vanilla®. Please check for Vanilla cash load locations in the Varo Bank AccountLoad Cash section in the Angeleno Connect Debit Card App or at xxxxxxxxxxxxx.xxx. **** Not all Allpoint ATMs are enabled to accept cash deposits. There are no fees for adding cash at those Allpoint+ ATMs which are enabled to accept cash deposits. Minimum deposits at Allpoint+ ATMs are $1.00 and may only be made in bills (no coins). Allpoint+ ATMs do not accept the following cash deposits: coins; foreign currency; torn bills; bills that cannot be read by the Allpoint+ ATM (e.g., folded, worn and defaced bills); any other item that Allpoint and/or MoCaFi, in their sole discretion, deem to be ineligible for cash deposit. Before accepting a cash deposit, an Allpoint+ ATM will require you to verify the amount of the cash deposit. IMPORTANT: If your Varo Bank Account number changes you must immediately notify your employer or any other payerspayors. You must provide them with the new Varo Bank Account number to ensure that your direct deposit activity continues uninterrupted. 2. No Cash, Paper Checks or Foreign Currency Varo does not acceptCurrency: Neither the Bank nor MoCaFi are liable for any deposits, and is not liable for, any including cash, check lost in the mail, lost in transit, or money order deposits not received by mailus. ● Cash: – We do not accept deposits made in cash. If we receive a cash deposit by mail, the cash will be mailed back to the address we have for you on file. ● If you wish to deposit cash to your account, you must do so via a Third-Party Money Transfer Service (third party fees may apply) or via an Allpoint+ ATM which is enabled for cash deposits. Paper Checks: – While checks made payable to you as a payee may be deposited to your Varo Bank Account using Mobile Check Deposit ("Mobile Deposit"), personal checks, cashier's checks, and money orders may not be deposited by mail. See Section section III captioned labeled "MOBILE CHECK DEPOSIT". All checks and money orders sent to us for deposit will be returned unless the full amount may be applied towards a negative balance, in which case the check or money order may or may not be deposited to the Varo Bank Account at our discretion. ● Foreign Currency: – We do not accept deposits in foreign currency. Any deposits received in foreign currency, cash or check, ; will be sent back to the address we have for you on file. 3. Funds Availability Availability: Please refer to Section III paragraph 10, captioned "Mobile Deposit Funds Availability", labeled “MOBILE CHECK DEPOSIT" and Section VV labeled, "General Funds Availability Policy" for additional information. 4. ACH Debits Your Varo Bank Account number and Varo Bank’s ABA routing number can be used for preauthorized direct debits ("ACH Debits") from merchants, internet service or other utility service providers ("Merchants") and for the purpose of initiating direct deposits to the Varo Bank Account. These transfers will be processed under the Operating Rules of the National Automated Clearing House Association ("NACHA") and you agree to comply with the NACHA rules. Detailed information regarding preauthorized transfers is available in Section II, captioned "Electronic Funds Transfer Disclosure and Special Terms and Conditions." IMPORTANT: If your Varo Bank Account number changes you must immediately notify Merchants of the new Bank Account number to ensure that you continue to make payments. 5. Problems That Could Occur with Deposits Overpayments and Reversals: If funds are deposited or transferred into the Varo Bank Account by mistake or otherwise, we may correct the situation by deducting the amount of the deposit from the Varo Bank Account without prior notice to you. If there are not enough funds in the Varo Bank Account at that time, the Varo Bank Account could become overdrawn. See the "No Overdrafts" and "Our Right to Set Off" paragraphs below for more information about what could occur if the Varo Bank Account has a negative balance.

General Rules Governing Deposit Accounts. The Varo Bank Account and your obligations under this Bank Account Agreement may not be assigned. We may transfer our rights under this Bank Account Agreement. Use of the Varo Bank Account is subject to all applicable rules and customs of any clearinghouse or other association involved in transactions. We do not waive our rights by delaying or failing to exercise them at any time. If any provision of this Bank Account Agreement shall be determined to be invalid or unenforceable under any rule, law, or regulation of any governmental agency, local, state, or federal, the validity or enforceability of any other provision of this Bank Account Agreement shall not be affected. This Bank Account Agreement will be governed by the law of the State of Utah Connecticut except to the extent governed by federal law. 1. Deposits to the Varo Bank Account You can make Account: Make deposits to your Varo Bank account by Account using any of the methods set forth below. These are the itemized deposit limits for your Varo Bank Account, which limits may be modified from time to time depending on prior activity both on this account and any on other Varo Accounts you may hold, transactions and also whether or not you have activated the Card: Transaction type Frequency and/or Dollar Limits Online Transfer from Varo Savings Account to the Varo Bank Account No limit to the number of times per calendar day and no maximum dollar limit, as long as under available balance in the Varo Savings Account Direct deposits of Automated Clearing House ("ACH") transfer ACH transfers initiated from an outside financial institution* No limit to the number of times per calendar day and no maximum dollar limit ACH transfers to the Varo Bank Account using the Mobile App Limits will be disclosed to you when you access the ACH Transfer feature using the Mobile App. Varo may change such limits at any time at our sole discretion. Limits may be changed based on the length of time the Varo Bank Account has been open and prior account activity. Cash Deposits via Third Party Money Transfer Services** Please see xxxxx://xxxxxx.xxxxxxxxxxxxx.xxx/locations for more information about participating locations. LimitsDeposits are limited to: ● • $1,000 per calendar day ● 1,000.00/daily • $5,000 per calendar month Please note that the deposit location may charge up to 5,000.00/weekly • $5.95 for this service. Mobile check deposit Limits will be disclosed to you when you access the Mobile Deposit feature using the Mobile App. Varo may change such limits at any time at our sole discretion. Limits may be changed based on the length of time the Varo Bank Account has been open and prior account activity. Please see Section III, captioned “MOBILE CHECK DEPOSIT”’ for full information on this feature. 10,000.00/monthly *Direct deposits from an outside financial institution: The recipient’s name on any such deposits we receive must match the name of the Varo Account holderAccountholder. Any such deposits received in a name other than the name registered to the Varo Bank Account will may be returned to the originator originator. ** Third party money transfer THIRD PARTY MONEY TRANSFER services used to add deposit cash to into your Varo Bank Account may impose their own fees, and limits (per transaction, daily, weekly or monthly) on the frequency or amount of cash you may deposit to the Varo Bank your Account. IMPORTANT: If your Varo Bank Account number changes you must immediately notify your employer or any other payers. You must provide them with the new Varo Bank Account number to ensure that your direct deposit activity continues uninterrupted. 2. No Cash, Paper Checks or Foreign Currency Varo does not acceptCurrency: Neither the Bank nor Pesa USA are liable for any deposits, and is not liable for, any including cash, check lost in the mail, lost in transit, or money order deposits not received by mailus. ● Cash: • Cash - We do not accept deposits made in cash. If we receive a cash deposit by mail, the cash will be mailed back to the address we have for you on file. ● • Paper Checks: While checks made payable to you as a payee may be deposited to your Varo Bank Account using Mobile Check Deposit ("Mobile Deposit"), personal Checks - Personal checks, cashier's checks, and money orders may not be deposited by mail. See Section III captioned "MOBILE CHECK DEPOSIT". All checks and money orders sent to us for deposit will be returned unless the full amount may be applied towards a negative balance, in which case the check or money order may or may not be deposited to the Varo Bank Account at our discretion. ● • Foreign Currency: Currency - We do not accept deposits in foreign currency. Any deposits received in foreign currency, cash or check, ; will be sent back to the address we have for you on file. 3. Funds Availability Availability: Please refer to Section III paragraph 10, captioned "Mobile Deposit Funds Availability", and Section VIV labeled, "General Funds Availability Policy" for additional information. 4. ACH Debits Your Varo Bank Account number and Varo Bank’s ABA routing number can be used for preauthorized direct debits ("ACH Debits") from merchants, internet service or other utility service providers ("Merchants") and for the purpose of initiating direct deposits to the Varo Bank Account. These transfers will be processed under the Operating Rules of the National Automated Clearing House Association ("NACHA") and you agree to comply with the NACHA rules. Detailed information regarding preauthorized transfers is available in Section II, captioned "Electronic Funds Transfer Disclosure and Special Terms and Conditions." IMPORTANT: If your Varo Bank Account number changes you must immediately notify Merchants of the new Bank Account number to ensure that you continue to make payments. 5. Problems That Could Occur with Deposits Overpayments and Reversals: If funds are deposited or transferred into the Varo Bank Account by mistake or otherwise, we may correct the situation by deducting the amount of the deposit from the Varo Bank Account without prior notice to you. If there are not enough funds in the Varo Bank Account at that time, the Varo Bank Account could become overdrawn. See the "No Overdrafts" and "Our Right to Set Off" paragraphs below for more information about what could occur if the Varo Bank Account has a negative balance.