Dappr Financial Account Agreement
Last modified: January 28, 2025
Last updated
Public Beta
Last modified: January 28, 2025
Last updated
This Dappr Financial Account Agreement ("Agreement") governs the use of the Dappr Financial Account ("Account") and associated Dappr Cash Card ("Card") services provided by Dappr Technologies, Inc. ("Dappr"). By applying for and using the Account and Card, you, the "Accountholder" or "Cardholder", agree to this Agreement.
Dappr Technologies, Inc. is a Delaware corporation with its principal place of business at 800 W El Camino Real, Suite 180, Mountain View, CA 94040. DAPPR OPERATES AS A TECHNOLOGY COMPANY AND IS NOT A BANK. The financial services related to the Dappr Financial Account are provided by Stripe Payments Company, 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.
The Dappr Financial Account is a financial account that can hold funds eligible for pass-through FDIC insurance in accordance with applicable laws and the policies of Dappr and our financial service partners. However, Dappr is not a bank, and the Account is therefore not to be considered a bank account.
This Agreement outlines the terms and conditions under which the Dappr Financial Account and Card are to be issued, used and managed. Please review this Agreement carefully and retain it for your records.
To ensure compliance with legal and regulatory requirements, Dappr Financial Accounts and associated Card services are subject to specific eligibility criteria:
Business Type: Dappr Financial Accounts are exclusively available to LLCs and Corporations that are legally registered within the United States. Consumer accounts are not supported.
Residency: The primary business owners, including LLC members, LLC managers, directors, officers, and shareholders, must reside in a country eligible for our services. A current list of eligible countries, subject to updates based on changes in sanctions or risk assessments, is available at .
Non-U.S. Residents: Owners or authorized persons residing outside the U.S. must meet additional requirements outlined in Dappr's .
Tax Identification: Each business must possess a valid U.S. Employer Identification Number (EIN).
Legal Compliance: All products and services offered by the accountholder must be lawful under both United States federal and local jurisdiction laws.
Prohibited Business Types: Certain types of businesses are not eligible for Dappr Financial Accounts due to the nature of their operations or the risk they represent. These include, but are not limited to:
Adult industry, escort services, or dating services.
Arms trading, whether retail or manufacturing.
Casinos, gambling, or gaming operations.
Cryptocurrency trading or related services.
Businesses dealing with marijuana, tobacco, or any illegal substances.
Money services, currency exchanges, or payday lending.
Practices deemed unfair, predatory, or deceptive, such as multi-level marketing or pyramid schemes.
Tattoo and massage parlors.
Management of waste or hazardous materials.
Prohibited Territories: The accountholder must avoid business dealings with individuals or entities based in or significantly connected to certain restricted territories, including Cuba, Iran, North Korea, Syria, Russia, and any areas within Ukraine's internationally recognized borders currently occupied by the Russian Federation.
Dappr reserves the right to reject any application that does not meet these criteria and may update or modify these requirements as necessary to comply with legal standards and manage risks effectively.
Electronic Communications Agreement: By opening a Dappr Financial Account, the accountholder agrees to receive all communications, including but not limited to agreements, statements, disclosures, notices, and other information related to the Account ("Communications") electronically through the Dappr website (dappr.com) or the Dappr mobile application ("Mobile App"). To facilitate these Communications, the accountholder is required to provide a valid and active email address at the time of Account setup.
Update of Contact Information: It is the accountholder's responsibility to maintain accurate contact information within their Account settings. This includes promptly updating email addresses and postal mailing addresses to ensure uninterrupted service and receipt of critical Communications regarding the Account. Failure to update contact information may result in missed Communications that could affect the status and functionality of the Account.
Access Requirements: Continued access to the Account requires compatible hardware and software. The accountholder is responsible for all costs associated with maintaining the necessary internet access and email account. Dappr is not responsible for any fees or costs incurred by the accountholder related to maintaining this access, nor are we liable for any adverse effects resulting from the accountholder’s failure to receive Communications due to outdated or incorrect contact information.
Notification Obligations: The accountholder must notify Dappr immediately if there are any changes in their ability to receive electronic Communications or if they experience any difficulty accessing their Account through the Website or Mobile App. Dappr will not be liable for any issues that arise from the accountholder’s failure to notify us of these changes or from undelivered emails or mail due to outdated contact information.
This agreement to receive electronic Communications is essential for the ongoing management and operation of the Dappr Financial Account and related services.
Acceptance of Terms: By applying for, opening, or using a Dappr Financial Account or a Dappr Cash Card, the accountholder or cardholder agrees to be bound by the terms and conditions set forth in this Dappr Financial Account Agreement ("Agreement"), including any applicable fees as detailed in the “Schedule of Fees.” The Agreement also encompasses disclosures provided at the time the Account was requested, interactions with the Dappr website or mobile app, and any subsequent disclosures related to additional Account-related products and services provided by Dappr or our partners.
Incorporation of Disclosures: All disclosures provided during the setup and use of the Account, as well as those related to subsequent services linked to the Account, are considered integral parts of this Agreement. This includes, but is not limited to, any amendments, fee schedules, and supplementary terms provided either in writing or electronically through our platform.
Ongoing Consent and Financial Responsibilities: Continued use of the Dappr Financial Account constitutes the accountholder's ongoing acceptance of this Agreement, including any modifications that may be made over time. By continuing to use the Account, the accountholder also agrees to be responsible for any fees incurred, as specified in the Schedule of Fees. Dappr reserves the right to debit these fees directly from the Account balance as they become due.
Accuracy of Information: The accountholder is responsible for providing accurate and complete information to Dappr and our partners in relation to the Account. It is imperative that the accountholder updates any information that changes over time to avoid service interruptions or potential liabilities associated with inaccurate or incomplete information.
By proceeding with the application or continued use of the Dappr Financial Account, the accountholder acknowledges and affirms their understanding and agreement to these terms, indicating a clear consent to adhere to the guidelines and requirements set forth herein.
Amendment Procedures: Dappr reserves the right to modify this Dappr Financial Account Agreement and any associated documents, including the “Schedule of Fees,” at any time. Changes will be made effective by posting the amended documents on the Dappr website. The current version of the Agreement will always be available for review on the website.
Effective Date and Notice: Amendments to the Agreement will take effect immediately upon posting on the website. Dappr will endeavor to provide reasonable notice of any adverse changes to the Agreement, using written notification or any other method permitted by law. However, changes made for security purposes or related significant reasons may be applied without prior notice.
Acceptance of Amendments: By continuing to use or maintain the Dappr Financial Account after an amendment has been made and posted, the accountholder acknowledges and accepts the revised terms. Continued use of the Account after an amendment signifies the accountholder's agreement to be bound by the changes.
Disagreement with Amendments: If the accountholder does not agree with any amendments to the Agreement, they have the option to close their Account according to the procedures outlined in the Agreement.
Effect of Account Closure: Closing an Account as a result of disagreement with amendments does not negate any of the accountholder's obligations or Dappr's rights under the Agreement that arose prior to the termination of the Account. This includes responsibilities and rights related to transactions initiated or fees incurred before the Account is officially closed.
Accountholders are encouraged to review the Agreement periodically to remain informed of any changes and to ensure continued compliance with the current terms.
Closure by Dappr: Dappr, along with our banking and payment partners, reserves the right to close an accountholder's Dappr Financial Account under various circumstances, including but not limited to:
Account Inactivity: An Account may be closed if there has been no payment activity for 12 consecutive calendar months.
Mobile Check Deposit Return Rate: Accounts exhibiting a mobile check deposit return rate exceeding 20% after at least 10 deposits may be subject to closure.
Unpaid Fees: Accounts with fees resulting in a negative balance of $100 or more that remains unsettled for 14 calendar days may be closed.
Overdue Dappr Subscription: Accounts linked to a Dappr subscription that remains unpaid for 90 days may be closed.
Dappr also retains the right to close an Account based on undisclosed risk factors or as required by applicable law.
Notification and Refund of Balance: Upon closure of an Account, Dappr will notify the Accountholder. Any remaining balance, after accounting for applicable fees, will be returned in accordance with the protocols of Dappr, Evolve Bank & Trust and Stripe Payments Company. The method of return, whether by check, ACH, or wire transfer, will be determined by Dappr and our partners. Dappr reserves the right to withhold the return of any balance less than $2.00.
Liability on Closed Accounts: Accountholders agree to release Dappr and its partners from liability for honoring or refusing to honor any transaction on a closed Account.
Holding Funds for Investigation: In cases where an Account is closed or suspended due to suspected fraudulent activity, Dappr and our partners may retain the remaining balance for a period deemed necessary to conduct an investigation and/or mitigate fraud or losses. If fraud is confirmed, the funds may be held indefinitely.
Consent to Communications: By providing a telephone number for a cellular phone or other wireless device, including a number that the accountholder later converts to a cellular device, the accountholder expressly consents to receiving communications. These communications may include, but are not limited to, calls and messages delivered via automated systems, artificial or pre-recorded voice messages, SMS messages (including text messages), and emails from Dappr, our partners, and agents related to the accountholder's Dappr Financial Account, any transactions, and the accountholder's relationship with Dappr and our partners.
Scope of Communications: The accountholder acknowledges that automated communications may be sent to any telephone numbers provided by the accountholder or additional users, now or in the future, regardless of whether these numbers are registered on any state or federal Do Not Call list.
Authorization to Contact: Dappr may contact the accountholder using any email addresses, mailing addresses, or phone numbers provided by the accountholder, their representatives, or any additional user, obtained at the time of providing the information or through other lawful means such as skip tracing or caller ID capture.
Continuation of Communications: The accountholder agrees to receive automated calls and text messages from Dappr, our partners, and our agents, including sales and customer service representatives, even if the accountholder cancels their Dappr Financial Account or terminates their relationship with us, unless they opt out. To opt out of such communications, the accountholder must contact Dappr at hello@dappr.com.
Fees and Charges: The accountholder is responsible for any charges or fees that may be incurred from receiving communications on their devices, as per the terms set by their cellular provider.
Dappr may disclose information to third parties about the Accountholder's Dappr Financial Account, Dappr Cash Card, or related transactions under the following circumstances:
Transaction Completion: Information may be disclosed where it is necessary for completing transactions initiated by the Accountholder.
Verification Purposes: Information may be shared in order to verify the existence and condition of the Account or Card for third parties, such as merchants or credit agencies.
Legal and Regulatory Compliance: Information may be disclosed in order to comply with requests from government agencies, law enforcement, court orders, subpoenas, or other legal or administrative reporting requirements.
Accountholder Consent: Information may be disclosed upon the Accountholder's written consent, explicitly authorizing such disclosure.
Operational Necessity: Information may be disclosed to Dappr's employees, auditors, affiliates, service providers, or attorneys as needed to provide the services described in the Agreement or to fulfill other operational responsibilities.
Fulfilling Obligations: Information may be disclosed as necessary to fulfill our obligations under the Agreement or as otherwise necessary to provide the services requested by the Accountholder.
The Accountholder has the option to grant account access to one or more Additional Users via the Account Access feature available through the Dappr website or mobile application. By granting access, the Accountholder agrees to assume full responsibility for all transactions initiated and fees incurred by the use of the Account by Additional Users.
Responsibility for Transactions: If an individual, including but not limited to Additional Users, is granted access to Account details, Account number(s), or PIN, Dappr and our partners will consider this as authorization by the Accountholder. Consequently, the Accountholder will be liable for all transactions and fees incurred by such individuals.
Accountholder Liability: The Accountholder is fully responsible for all activities that occur under the Account, in accordance with the terms and conditions of this Agreement. This responsibility extends to all actions taken by Additional Users.
Indemnification: The Accountholder agrees to indemnify and hold harmless Dappr and our partners from any claims, damages, or other liabilities arising from actions taken by Additional Users.
Termination of Access: It is the Accountholder’s responsibility to terminate an Additional User's access to the Account whenever deemed necessary. This can be done through the Account Access feature. Dappr and our partners will continue to recognize the authority of an Additional User until an access termination request is received and reasonably processed.
The Accountholder agrees to comply fully with all applicable laws and regulations related to the Dappr Financial Account Agreement, including but not limited to local ordinances, state and federal privacy laws, anti-money laundering regulations, and directives from governmental and regulatory authorities.
Legal Compliance: The Accountholder is required to adhere strictly to all legal obligations pertinent to the operation of their account. This includes ensuring that all transactions and activities related to the account conform to the laws governing financial transactions, data protection, and business conduct.
Indemnification: The Accountholder agrees to indemnify and hold harmless Dappr, its partners, and affiliates from any losses, liabilities, damages, or costs (including reasonable attorneys' fees and expenses) that arise from or are the result of the Accountholder's failure to comply with applicable laws or any breaches of warranties made in connection with this Agreement.
Security Measures and Restrictions: For reasons related to security, legal compliance, reputational risk, and loss prevention, Dappr and our partners retain the right to impose restrictions on the Account at our sole discretion. These limitations can be applied without prior notice and may affect:
The types and numbers of transactions you can conduct,
The functionality available to you, such as fund transfers to and from external linked accounts,
Compliance with legal and regulatory requirements,
Limitations designed to minimize liability or exposure for Dappr and our partners.
Fraud Prevention and Compliance: To safeguard against fraud and ensure compliance with legal obligations, Dappr may require additional information from the Accountholder or third parties at any time. In certain circumstances, transactions such as deposits or payments may be placed on hold for further review.
Cooperation with Reviews: The Accountholder’s cooperation with Dappr’s review processes is essential. Non-compliance or failure to provide required information may result in delays, transaction denials, or other restrictive actions, including potential closure of the Account.
Payment Limitations: Dappr reserves the right to limit or refuse the use of specific payment methods at our discretion. Limitations may be placed on the size, frequency, and timing of payments or deposits to manage risks effectively. Furthermore, Dappr retains the authority to decline transactions or Account usage without providing an explanation.
Non-Liability for Uncontrollable Events: Dappr, in its capacity as the program manager, our partners, and the Accountholder will not be held liable for failing to fulfill obligations under this Agreement if such failures result from circumstances outside our reasonable control. This includes, but is not limited to, the following events:
Natural disasters such as earthquakes, floods, landslides, avalanches, hurricanes, or severe weather conditions,
Acts of God,
Acts of war, hostilities, terrorist activities, or sabotage,
Civil disturbances such as riots, insurrections, or strikes,
Epidemics, pandemics, or widespread health emergencies,
Government actions or interventions,
Labor disputes,
Fires, explosions, or accidental damage,
Power outages, transmission failures, or disruptions in utility services.
Continuation of Services: While Dappr and our partners will make every effort to continue operations and maintain services during such events, certain disruptions may be unavoidable. In the event of a Force Majeure, we will resume normal operations as quickly as possible once conditions allow without risk to safety or security.
Communication During Disruptions: Dappr commits to maintaining transparent communication with the Accountholder during any interruptions or delays caused by Force Majeure events. We will provide updates regarding the status of services and any necessary steps the Accountholder needs to be aware of during the recovery period.
Non-Assignment of Obligations: The Accountholder may not assign or transfer any rights or obligations under the Dappr Financial Account Agreement. Dappr, however, reserves the right to assign or transfer its rights and obligations under this Agreement to another entity without the Accountholder's consent. Such transfer will not alter the Accountholder's obligations under the Agreement.
Compliance with Transactional Rules: The use of the Account is subject to the rules and customs of any clearinghouse or other association involved in transactions. Dappr will ensure compliance with these bodies to facilitate the smooth operation of Account transactions.
Rights and Waivers: Dappr's failure to exercise any of its rights under this Agreement should not be considered a waiver of those rights. The right to enforce any provision of this Agreement at any future time remains intact regardless of previous delays or failures in enforcement.
Severability: If any provision of this Agreement is found to be invalid or unenforceable under any rule, law, or regulation of any governmental agency, whether local, state, or federal, the remaining provisions will continue to be valid and enforceable. The enforceability of the entire Agreement is not dependent on any individual legal provision within it.
Governing Law: This Agreement and any dispute arising under it will be governed by the laws of the State of California, except where federal law prevails. This choice of law is consistent across all transactions and operations of the Account, providing a predictable legal framework for both parties.
Permitted Deposit Methods: The Accountholder has multiple options for depositing funds into the Dappr Financial Account:
Direct Deposit or ACH Transfer: Funds can be transferred from an external bank account to the Dappr Financial Account via direct deposit or Automated Clearing House (ACH) transfers.
Domestic Wire Transfer: Funds can be wired directly into the Account from domestic banks.
Mobile Check Deposit: Checks can be deposited using the Dappr mobile application.
Dappr Sales Balance: Accountholder can transfer funds from their Dappr sales balance, which accumulates from customer payments processed through Dappr’s payment features.
Name Matching for Deposits: It is crucial that the business name on the account matches the payee name on any direct deposits or ACH credits. Deposits not matching the account name may be rejected and returned to the originator.
Deposit Limits and Discretionary Controls: Dappr and our partners reserve the right to impose limits on these deposit methods at our discretion. These limits are subject to the applicable fee schedule and other terms that will be provided to the Accountholder.
Liability for Lost Deposits: Dappr is not responsible for deposits lost in transit, lost in the mail, or those not received.
Prohibited Deposit Types:
Cash Deposits: Direct cash deposits are not accepted. Any cash sent to Dappr by mail will be returned to the Accountholder at the address on file via standard U.S. mail.
Paper Checks by Mail: Personal checks, business checks, cashier's checks, money orders, and other paper checks are not accepted for mail deposit. Such items sent to Dappr by mail will be returned to the Accountholder via standard U.S. mail.
International Wire Transfer: The Account does not accept incoming international wire transfers. If the partner bank's international routing details (i.e. SWIFT code) is used to attempt an incoming international wire transfer, the funds may be rejected and returned to the originating financial institution.
Mobile Check Deposits: While paper checks cannot be deposited by mail, they may be deposited via the Dappr mobile app. Dappr reserves the right to adjust the deposit limits for this method at any time.
Correction of Erroneous Deposits: In the event that funds are mistakenly or erroneously deposited into the Dappr Financial Account, Dappr, along with our partners, reserves the right to rectify the error by deducting the incorrect amount from the Account. This action may be taken without prior notification to the Accountholder.
Consequences of Corrections: Should the Account not possess sufficient funds to cover the erroneous deposit deduction at the time of correction, the Account balance may become negative, resulting in an overdraft. It is the responsibility of the Accountholder to ensure that their Account balance is sufficient to handle such adjustments, and to promptly address any resultant overdraft situations in accordance with the terms of this Agreement and the accompanying Schedule of Fees.
Prohibition of Overdrafts: The Dappr Financial Account is designed to prevent overdrafts. If at any time the available balance in the Account is insufficient to cover any authorized payment, withdrawal, or check, Dappr reserves the right to refuse to honor such transactions. Dappr does not provide overdraft services or facilities.
Resolution of Negative Balances: In instances where the Account balance becomes negative due to any transaction or fee, the Accountholder is required to immediately remedy the negative balance by making sufficient deposits to cover the shortfall. Accountholders do not possess the right to defer payment of a negative balance.
Actions on Continued Negative Balance: Should the negative balance persist, Dappr reserves the right to close the Account without prior notice. Additionally, Dappr, along with our partners or authorized third parties, may initiate collection activities to recover the negative amount. This may include the engagement of collection agencies, attorneys, or law enforcement as deemed necessary.
Recovery of Costs and Expenses: Accountholder acknowledges that Dappr and our partners are entitled to recover any costs and expenses incurred in the process of collecting a negative balance. This includes, but is not limited to, reasonable attorneys’ fees, court costs, and other expenses associated with enforcement of this policy, whether through arbitration or litigation, as permitted by applicable law.
Availability of Statements: Periodic statements for the Dappr Financial Account will be provided monthly. These statements will be accessible to the Accountholder via the Dappr Website and Mobile App. Each statement is deemed accurate when made available.
Accountholder's Review Obligation: Accountholders are required to review their account statements carefully for each statement period. It is crucial to promptly report any discrepancies, unauthorized transactions, or errors.
Notification of Discrepancies: Accountholders must notify Dappr of any discrepancies or unauthorized transactions within thirty (30) days from the date the statement is made available. Failure to notify Dappr within this timeframe may result in the loss of the right to dispute such discrepancies or unauthorized transactions, and the statement will be considered correct.
Physical Card Activation: Before using the Dappr Cash Card, Accountholders must activate their physical cards. Activation can be accomplished through the Dappr Website, the Mobile App, or by following the instructions provided via SMS as detailed in the accompanying letter received with the card. During the activation process, cardholders are required to verify their identity by providing necessary personal information.
Virtual Card Activation: Virtual Dappr Cash Cards are automatically activated at the time of issuance. No further action is required by the Accountholder to begin using virtual cards.
PIN Setup for Physical Cards: Once a physical Dappr Cash Card is activated, the cardholder must establish a Personal Identification Number (“PIN”) through the Dappr Website or Mobile App. It is important to note that virtual cards do not require a PIN.
Security Precautions:
Confidentiality: Cardholders are advised to keep their User ID, Password, PIN, and any other Account Credentials confidential. Accountholders must ensure that they do not disclose these details to anyone not authorized to use their Account or Card. Additionally, they should avoid writing their PIN on the card or on any item usually kept with the card.
Secure Access: Always log out and secure your computer terminal or mobile device after accessing your Account to prevent unauthorized access.
PIN Entry Caution: When entering your PIN at any terminal, ensure it is shielded and cannot be observed by others. Do not input your PIN on any terminal that appears to be tampered with or looks suspicious.
Reporting Security Concerns: If the Cardholder suspects that their PIN or any other Account Credentials have been compromised or if there is any suspicion of unauthorized access, it is crucial to contact Dappr Customer Support immediately. Assistance can be accessed via chat or email through the official Dappr website or by emailing hello@dappr.com.
Using the Dappr Cash Card at ATMs:
Cash Withdrawal: Cardholders can use their Dappr Cash Card to withdraw cash from any Automated Teller Machine (“ATM”) that displays the Visa acceptance mark. Please note that ATMs cannot be used to deposit cash into a Dappr Financial Account.
Daily Limit: There is a withdrawal limit of $300 per day for each Card.
ATM Fees:
Operator Fees: While Dappr and our partners do not charge any ATM withdrawal fees, ATM operators often impose a surcharge for use. It is advisable for Cardholders to be aware of such fees before using ATMs.
Dynamic Currency Conversion (DCC): For transactions outside of the Card’s default currency, ATMs may offer a choice between a local currency and the Card’s default currency. Choosing to proceed in the Card’s default currency can result in a higher cost due to unfavorable conversion rates applied by the ATM. This indirect cost functions similarly to a transaction fee.
Fee-Free ATMs:
Disclaimer: Dappr does not manage or guarantee the accuracy of the list of fee-free ATMs or the content of the Visa website.
If a Dappr Cash Card is lost, stolen, or damaged, or needs replacement for any reason other than normal expiration, the Accountholder or Cardholder must request a new card. This request can be made through the Dappr website or mobile app, or by contacting Dappr’s Customer Support directly. Dappr allows one free physical card replacement per year.
For instant access to funds, Dappr offers virtual cards at no cost. Virtual cards can be issued immediately through the Dappr mobile app and are usable for online transactions as well as in-store purchases at locations that accept Apple Pay or Google Pay. This provides a seamless and secure alternative to physical cards, ensuring that Accountholders can continue accessing their funds without interruption.
By agreeing to the terms of this Dappr Financial Account Agreement, the Accountholder agrees that any dispute or claim relating in any way to the Account or the Dappr Cash Card will be resolved by binding arbitration, rather than in court, except for matters that can be taken to small claims court if they qualify for hearing by such courts.
Waiver of Jury Trial: The Accountholder and Dappr hereby waive the right to a trial by jury. This waiver applies to any action or legal proceeding, whether sounding in contract, tort, or otherwise. Instead, the Accountholder and Dappr elect that all claims and disputes shall be resolved by arbitration under this Arbitration Agreement.
Arbitration Procedures: The arbitration will be conducted by a neutral arbitrator, whose decision will be final except for a limited right of review under the Federal Arbitration Act. The arbitration shall be conducted in Santa Clara County, California, unless otherwise agreed upon by all parties.
Costs of Arbitration: The payment of filing, administration, and arbitrator fees will be governed by the rules of the arbitration forum. Each party will be responsible for their own attorney fees and other costs unless otherwise stated in the governing arbitration rules.
Opt-Out of Arbitration: The Accountholder may opt out of this arbitration agreement by sending a written notice to Dappr within 30 days of the date that the Accountholder first agrees to these terms. The opt-out notice must clearly state that the Accountholder is rejecting arbitration and include the Accountholder’s full name and address.
By agreeing to this Arbitration Agreement, the Accountholder understands and agrees that they are waiving their rights to maintain other available resolution processes, such as a court action or administrative proceeding, to settle their disputes.
In addition to this Dappr Financial Account Agreement, the Accountholder and any Cardholder must accept and comply with a series of other agreements in order to use the Account and associated services. These agreements govern various aspects of the services provided and outline the legal responsibilities and rights of all parties involved. It is essential for the Accountholder and Cardholder to review, understand, and agree to the following:
These agreements are integral to the operations of the services provided and outline the necessary conditions for the use of the Account, the Card, and any additional features or services available through Dappr and its partners.
In addition to the listed agreements, there may be other required agreements and disclosures that the Accountholder and Cardholder must accept to utilize specific functionalities or services related to the Account. These will be made available through the Dappr platform or directly from our partners as applicable and must be agreed to as part of the service activation and ongoing use.
It is the responsibility of the Accountholder and Cardholder to keep themselves informed of any changes to these agreements, as amendments may be made from time to time. Continued use of the Account and services after such changes constitutes acceptance of the new terms.
All fees associated with the Account will be assessed directly from the Account balance, as long as there is a remaining balance in the Account, except where prohibited by law. The fee schedule details all charges that may be incurred by the Accountholder in connection with the use of the Account and associated services.
In instances where there are not enough funds in the Account to cover a fee, or if the Account is suspended or closed, the fee will be categorized as an 'unpaid charge'. This unpaid charge will be visible in the Accountholder's transaction history with a status marked as 'Retrying'.
For a period of 60 days following the initial attempt to assess the fee, attempts to process the fee will be made daily. During this period, the charge will remain prominently at the top of the transaction history but will not be included in the monthly account statements. The status of the charge will continue to show as 'Retrying'.
Should funds become available in the Account at any point during these 60 days that are sufficient to cover the fee, the charge will be successfully processed. The transaction will then be marked as 'settled' on the date the payment is made.
If after 60 days the fee remains unpaid due to insufficient funds, an invoice for the outstanding charge will be issued to the Accountholder. This invoice must be settled manually using a credit or debit card and is due within 14 days from the date of issuance. Failure to settle an invoiced charge may lead to additional actions as outlined in the Account Agreement, including potential impacts on the Accountholder’s ability to use the Account and associated services.
For Dappr Subscribers: No fee for account opening.
For Non-subscribers: A $10 fee applies at account opening. This fee can be waived for affiliates who have referred at least one customer to Dappr, or for customers who opt to submit their capital commitment through Dappr.
First 12 Months: No monthly fee.
After 12 Months:
No fee for businesses maintaining an average deposit balance of at least $1,000 over the previous 12 months.
$10 per month for accounts not meeting the above balance criteria.
Outgoing ACH Transfers: No fee.
Incoming ACH Transfers: No fee.
Outgoing Domestic Wire Transfers: $15 per transfer.
Incoming Domestic Wire Transfers: $2 per transfer.
ACH Returns: $20 per return for returns due to reasons such as insufficient funds.
Disputes Fee: $15 per transaction if a dispute is not resolved in the accountholder's favor.
Instant Deposit Fee: 1.5% of each transaction amount when using instant deposit from sales balance to Dappr Financial Account.
Check Deposit Fee: No fee when deposited through remote deposit capture using the Dappr mobile app.
This Dappr Financial Account Agreement, including all appendices and documents incorporated by reference, constitutes the entire agreement between Dappr Technologies, Inc. and the Accountholder with respect to the Account and associated services. It supersedes all prior or contemporaneous communications, proposals, and agreements, whether electronic, oral, or written, between the Accountholder and Dappr with respect to the Dappr Financial Account.
By selecting the "Accept" button or a similar affirmation, you affirmatively acknowledge that you have read, understood, and agree to be legally bound by the terms of this Agreement. If you do not agree to these terms, you should not click "Accept," and you may not access or use the Dappr Financial Account and associated services.
Visa ATM Locator: Visa provides an online ATM locator that includes a list of over 9000 ATMs across the United States where Cardholders can withdraw cash without any fees. To find a fee-free ATM near you, visit .