Account terms
Welcome to the "Account Terms" support page, where you can find detailed information about the terms and conditions governing your Dappr account.
Last updated
Welcome to the "Account Terms" support page, where you can find detailed information about the terms and conditions governing your Dappr account.
Last updated
This page provides a summary of the most important terms from the . Please refer to the Dappr Financial Account Agreement for specific terms, which are authoritative.
At Dappr, we believe in providing straightforward and transparent fee structures for our customers. We want to ensure that you have a clear understanding of the fees associated with your Dappr Financial Account, so you can effectively manage your business finances. Let's take a closer look at our Dappr Financial Account fee schedule:
Account Opening Fee: For businesses enrolled in a Dappr subscription, there is no account opening fee. However, for businesses or sole proprietors not enrolled in a Dappr subscription, there is a $10 account opening fee. We also offer a waiver of this fee for affiliates who have referred at least one customer to Dappr and customers who choose to submit their capital commitment through Dappr.
Monthly Fee: During the first 12 months, there is no monthly fee for your Dappr Financial Account. After the initial 12 months, the monthly fee structure applies:
$0 per month for businesses with an average deposit balance over the previous 12 consecutive months of at least $1,000.
$10 per month for all other accounts.
Outgoing ACH Transfers: There is no fee for outgoing ACH transfers from your Dappr Financial Account.
Incoming ACH Transfers: There is no fee for incoming ACH transfers to your Dappr Financial Account.
Outgoing Domestic Wire Transfers: For outgoing domestic wire transfers, there is a fee of $15 per transfer.
Incoming Domestic Wire Transfers: For incoming domestic wire transfers, there is a $2 fee per transfer.
ACH Returns: In the case of ACH returns for any reason, including insufficient funds, there is a fee of $20 per return.
Disputes Fee: If a disputed transaction is not resolved in the accountholder's favor, there is a fee of $15 per disputed transaction.
Instant Deposit Fee: When making instant deposits from your sales balance to your Dappr Financial Account, a fee of 1.5% of each transaction is applied to the deposited amount.
Check Deposit Fee: $0 through remote deposit capture using Dappr's mobile app.
Please note that our fee schedule is subject to change. We will provide written notice of any changes through your Dappr account or via email to ensure you are aware of any modifications. Always refer to the for the most up-to-date , which is authoritative.
If you have any questions or require further clarification regarding our fee schedule or any other aspects of your Dappr Financial Account, our dedicated support team is available to assist you.
At Dappr, we are committed to empowering entrepreneurs with convenient and affordable financial solutions, and our fee schedule reflects that commitment to transparency and simplicity.
Normally, any fees related to your Dappr Financial Account are directly charged to the account itself. This includes various fees like ACH Return Fees, Dispute Fees, and Monthly Fees.
When a fee is charged, we first try to deduct it from your account. If there are enough funds, the fee is paid immediately, and you'll see this reflected in your account balance. A transaction marked as 'settled' will appear in your account history.
If there aren’t enough funds in your account, or if the account is suspended or closed, the charge becomes an 'unpaid charge'. This will show up in your transaction history with a status of 'Retrying'.
For the next 60 days, we’ll try to process the fee daily. During this time, the charge stays at the top of your transaction history, but it won’t appear on your monthly statements. Its status will continue to be 'Retrying'.
If at any point in these 60 days there are enough funds to cover the fee, the charge will be processed. You'll see the transaction marked as 'settled' on the date the payment went through.
If the 60 days pass and the fee is still unpaid, we’ll issue an invoice for the charge. This invoice needs to be paid manually using a credit or debit card and is due within 14 days from when it’s issued.
It's important to remember that as per our Dappr Financial Account Agreement and Fee Schedule, you are responsible for any fees incurred. This applies even if your account doesn’t have enough funds, is suspended, or is closed (whether closed by you, Dappr, or our partner bank).
We have partnered with trusted and established banking institutions to provide you with the highest level of financial stability and security. Our strategic partnerships enable us to offer you a robust and efficient banking experience. Here's a closer look at how Dappr collaborates with our esteemed banking partners:
Stripe Payments Company: We have partnered with Stripe Payments Company to facilitate our banking services. Stripe is a renowned and trusted payment processing company that ensures secure and reliable transactions for businesses of all sizes. With Stripe's advanced technology and infrastructure, your funds are processed efficiently and securely, providing you with peace of mind when managing your financial transactions.
Evolve Bank & Trust: To safeguard your deposits and ensure compliance with regulatory requirements, Dappr has chosen Evolve Bank & Trust as our banking partner for holding your funds. Evolve Bank & Trust is a member of the FDIC (Federal Deposit Insurance Corporation), offering up to $250,000 of insurance per depositor, per account category. This ensures that your deposits are protected and backed by the full faith and credit of the United States government.
Celtic Bank: To provide you with a reliable and convenient payment solution, Dappr issues Visa Commercial Credit Cards in partnership with Celtic Bank. Celtic Bank, an established Utah-chartered Industrial Bank and member of the FDIC, offers extensive experience in providing financial services to businesses. The Dappr Cash Card, powered by Celtic Bank, allows you to access funds from your Dappr Financial Account with ease and flexibility.
By collaborating with industry-leading banking partners, Dappr ensures that your financial transactions are processed securely, efficiently, and in compliance with the highest industry standards. Our commitment to partnering with established institutions underscores our dedication to offering you a reliable and comprehensive banking experience.
Rest assured that Dappr maintains a strong relationship with our banking partners to continuously enhance our services and provide you with seamless access to the financial tools you need to run your business successfully.
If you have any questions or need further information about our partnerships with banking institutions, our support team is available to assist you. At Dappr, we are dedicated to empowering entrepreneurs like you with innovative and reliable solutions for your business finances.
Dappr is a technology company and not a bank. Money transmission services and account services are provided by with funds held at Fifth Third Bank N.A. and Evolve Bank & Trust, Members FDIC. Dappr Cash Card Visa® Commercial Credit cards are powered by Stripe and issued by Celtic Bank, a Utah-chartered Industrial Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. There are no fees or minimums associated with the day-to-day use of Dappr Financial Accounts and Dappr Cash Cards, provided that certain criteria are fulfilled. You may incur one-time fees for some banking services, including Non-Sufficient Funds (NSF) fees and Wire transfer fees. Users are made aware of these fees prior to submitting a payment. Accountholders can deposit checks using Dappr's mobile app. These services are subject to deposit limits. . Dappr Financial Accounts are eligible for FDIC pass-through deposit insurance if they meet certain requirements. The accounts are eligible only to the extent passthrough insurance is permitted by the rules and regulations of the FDIC, and if the requirements for pass-through insurance are satisfied. The FDIC insurance applies up to 250,000 USD per depositor, per financial institution, for deposits held in the same ownership capacity.