Common use of Stripe Account Funding Clause in Contracts

Stripe Account Funding. Aspiration provides customers with the opportunity to fund their account using any debit card issued by a US bank (excluding pre-paid debit cards) through a service offered by Stripe, Inc. Aspiration uses Stripe for payment, analytics, and other business services. Stripe collects identifying information about the devices that connect to its services. Stripe uses this information to operate and improve the services it provides to us, including for fraud detection. When using this service, the customer agrees to the Stripe Services Agreement and Stripe Privacy Policy. ● By providing card information, the customer permits Aspiration and Stripe to retain their debit card information so that the customer can authorize future transfers. Aspiration will not retain the card information directly, but will instead retain a tokenization of the card information provided by Stripe so that Aspiration can transmit information to Stripe to effectuate any transaction. ● Aspiration reserves the right to terminate the use of Stripe for any individual customer at its sole discretion without prior notice. ● Information regarding availability of funds in connection with Stripe Account Funding, and any applicable transaction limits, is available in the Funds Availability Policy included herewith. Spend and Save Account (“Accounts”) at Mission Financial Partners, LLC d/b/a Aspiration (“Aspiration,” “we,” or “us”) maintained by a customer (“you” or “your”) will be deposited into interest-bearing deposit accounts (the “Deposit Accounts”) at one or more banks insured by the Federal Deposit Insurance Corporation (“FDIC”) set forth in a Priority List (each, a “Bank”) (the “Sweep Program”), provided via the Online Services, and available here: Xxxxxxxxxx.xxx/xxxxxxxx/xxx-xxxxxxx-xxxxx. This Sweep Program will be offered by Coastal Community Bank, our partner bank (“Coastal”). Please refer to the section titled “Operation of the Program” for more information. Coastal will act as your agent and custodian in establishing and maintaining the Deposit Accounts at each Bank. Although the Deposit Accounts are obligations of the Banks and not Aspiration, you will not have a direct relationship with the Banks, nor will you have an individual Deposit Account at each Bank. Coastal will maintain one set of Deposit Accounts at each Bank in which all Aspiration customer funds are held for the exclusive benefit of such customers. All deposits and withdrawals will be made by Aspiration on your behalf. Information regarding your balance within the Deposit Accounts, current interest rates, and other Deposit Account information may be obtained from Aspiration, not the Banks. Please refer to the section titled “Information About Your Relationship with Aspiration and the Banks” for more information.