Common use of Save Your Change Clause in Contracts

Save Your Change. Following the account holder’s activation of the Save Your Change feature, each qualifying transaction (as defined below in paragraph 4.1) that debits the Varo Bank Account is rounded up to the nearest whole U.S. dollar. Foreign purchases are rounded up to the nearest whole dollar after the purchase is converted to U.S. dollars. The difference between the dollar value of the transaction and the rounding amount (between $0.01 and $0.99) will be deposited to the Varo Savings Account. The Mobile App Transaction History for the Varo Bank Account will refer to this generically as “Save Your Change” related to the originating transaction. The Bank Account statement will identify the transaction as “Transfer – To Varo Savings Account.” The Savings Account Statement will identify the transaction as “Transfer – From Varo Bank Account.”

Save Your Change. Following the account holder’s activation of the Save Your Change feature, each qualifying transaction (as defined below in paragraph 4.1) that debits the Varo Bank Account is rounded up to the nearest whole U.S. dollar. Foreign purchases are rounded up to the nearest whole dollar after the purchase is converted to U.S. dollars. The difference between the dollar value of the transaction and the rounding amount (between $0.01 and $0.99) will be deposited to the Varo Savings Account. The Mobile App Transaction History for the Varo Bank Account will refer to this generically as “Save Your Change” related to the originating transaction. The Varo Bank Account statement will identify the transaction as “Transfer – - To Varo Savings Account.” The Savings Account Statement will identify the transaction as “Transfer – - From Varo Bank Account.”