Common use of Relationship with the Banks Clause in Contracts

Relationship with the Banks. o As described above, you will not have a direct account relationship with the Banks. However, each Deposit Account constitutes an obligation of a Bank and is not directly or indirectly an obligation of Aspiration. You can obtain publicly available financial information concerning each Bank at xxx.xxxxx.xxx/XXX or by contacting the FDIC Public Information Center by mail at L. Xxxxxxx Xxxxxxx Center, Virginia Square, 0000 Xxxxx Xxxxxxx Xxxxx, Xxxx X-0000, Xxxxxxxxx, Xxxxxxxx 00000 or by phone at (000) 000-0000. Aspiration does not guarantee in any way the financial condition of the Banks or the accuracy of any publicly available financial information concerning such Banks. Fees to Aspiration ● Each Bank will pay Coastal a fee equal to a percentage of the average daily deposit balance in the Deposit Accounts at the Bank. Coastal will in turn pay Aspiration a fee. The amount of fee received by Aspiration will affect the interest rate paid by the Bank on your Deposit Account balances. The fee paid to Aspiration by each Bank may be the entire amount that the Bank is willing to pay in connection with the Deposit Accounts. ● In its discretion, Aspiration may reduce its fee and may vary the fee by client or client group. The fee may vary from Bank to Bank. Information About FDIC Insurance