Common use of ONE CARD Clause in Contracts

ONE CARD. (a) One Card Transactions. You may use your One Card, which is a debit card, to access your Spend Pocket(s) for purchases wherever Mastercard® is accepted. Subject to limitations set forth in Section 7 of this Agreement and to limitations set by the ATM owner or merchant, you may use your One Card to initiate the following transactions: (i) Withdraw cash from your Spend Pocket(s) at an ATM (ii) Pay for purchases out of your Spend Pocket(s) (iii) Obtain cash-back from participating merchants (b) Foreign Transactions. Transactions made with your One Card in foreign currencies are posted to the relevant Pocket in U.S. dollars. The exchange rate between the foreign currency and U.S. dollars is a rate selected by Mastercard®. Mastercard® will select from the range of rates available in wholesale currency markets or a rate mandated by the government that issues or controls the currency in that country on the date it processes the transaction. The processing date on which the exchange rate is applied may differ from the transaction date or the posting date. While One does not charge fees when you use your One Card in foreign currencies, fees may be assessed by processors in such foreign transactions. (c) ATM Fees. One does not charge you for using your One Card at ATMs, but the owners of an ATM may charge you for using their ATM. If there is such a charge, you should be told how much it is before you complete the withdrawal. If you then decide to withdraw the money, the amount of the withdrawal, plus the charge, will be deducted from the relevant Pocket at the time of the transaction. (d) One Card Debit Limits. We reserve the right to decline any One Card debit transaction if we suspect fraud, account takeover, possible illegal activity, or any other unusual activity affecting your Account. We also apply transaction limits, such as a maximum withdrawal dollar amount per day. Please see Section 7 of this Agreement for specific limitations. (e) Personal Identification Number (“PIN”). You may activate your One Card and create or change your PIN online through the One app. You should protect your PIN as you would your One Card.