Common use of Cash Access and Card Transaction Limitations Clause in Contracts

Cash Access and Card Transaction Limitations. With your PIN, you can use your Card to withdraw cash from your Varo Bank Account at any ATM (“Automated Teller Machine") that bears the Allpoint®, Plus®, or Shazam® Acceptance Mark(s) or at any Point-of-Sale ("POS") device, as permissible by a merchant, that bears the Visa Interlink® or Shazam® Acceptance Mark(s). In the table below, you can see your cash withdrawal and card spending limits for the Varo Bank Account, which limits may be modified from time to time depending on prior activity both on this account and on other transactions and also whether or not you have activated the Card: ATM Withdrawals and Over the Counter "OTC" Withdrawals No limit to the number of times per calendar day. Up to $750 per calendar day* Card Purchases (Signature and PIN combined, includes Cash Back at Point of Sale) No limit to the number of times per calendar day. Up to $2,500 per calendar day * The aggregated limit for all ATM cash withdrawals and OTC cash withdrawals is up to $750 per calendar day across your Varo Bank Account and Varo Savings Account. ATM owner-operators, merchants, and participating banks may impose their own lower limits on cash withdrawals as well as their own fees. Consistent with applicable law, you may use the Card to purchase goods or services everywhere (and/or obtain cash where permitted by the merchant) from any merchant that accepts Visa® cards as long as you do not exceed the available balance of the Varo Bank Account. Some merchants do not allow customers to conduct split transactions where the Card is used as partial payment for goods and services and the remainder of the balance is paid with another form of legal tender. If you wish to conduct a split transaction and it is permitted by the merchant, you must tell the merchant to charge only the exact amount of funds available in the Varo Bank Account to the Card. You must then arrange to pay the difference using another payment method. Some merchants may require payment for the remaining balance in cash. If you fail to inform the merchant that you would like to complete a split transaction prior to swiping or dipping the Card, the Card is likely to be declined. If you use the Card at an automated fuel dispenser, i.e., “pay at the pump”, the transaction may be preauthorized for an amount up to $75.00 or more. If the Card is declined, even though you have sufficient funds available, you should pay for your purchase inside with the cashier. If you use the Card at a restaurant, a hotel, for a car rental purchase, or for similar purchases, the transaction may be preauthorized for the purchase amount plus up to 20% or more to ensure there are sufficient funds available to cover tips or incidental expenses. A preauthorization places a hold on those available funds until the merchant sends us the final payment amount of your purchase. Once the final payment amount is received, the hold on the preauthorized amount will be removed. It may take up to seven (7) days for the hold to be removed. During the hold period, you will not have access to the preauthorized amount. All transactions relating to car rentals may result in a hold for that amount of funds for up to sixty (60) days. If you use the 16-digit Card number without presenting the Card (such as for a mail order, telephone, or Internet purchase), the legal effect will be the same as if you had used the Card itself. Card use restrictions include, but are not limited to: restricted geographic or merchant locations where there is a higher risk of fraud or illegal activity; restrictions to comply with laws or prevent our liability; and other restrictions to prevent fraud and other losses. For security reasons, we may, with or without prior notice, limit the type, amount, or number of transactions you can make with the Card. You may not use the Card for illegal online gambling or any other illegal transaction. We may increase, reduce, cancel, or suspend any of the restrictions or add new ones at any time. The Card cannot be redeemed for cash. Each time you use the Card, you authorize us to reduce the value available in the Varo Bank Account by the amount of the transaction and any applicable fees. You are not allowed to exceed the available amount in the Varo Bank Account through an individual transaction or a series of transactions. Nevertheless, if a transaction exceeds the balance of the funds available in the Varo Bank Account, you shall remain fully liable to us for the amount of the transaction and any applicable fees. See these paragraphs in sub-section C for additional details if the Varo Bank Account balance becomes negative: "6. No Overdrafts" and "7. Our Right to Set Off."

Cash Access and Card Transaction Limitations. With your PIN, you can use your Card to withdraw cash from your Varo Bank Account at any ATM (“Automated Teller Machine") that bears the Allpoint®, Plus®, or Shazam® Acceptance Mark(s) or at any Point-of-Sale ("POS") device, as permissible by a merchant, that bears the Visa Interlink® or Shazam® Acceptance Mark(s). In the table below, you can see your cash withdrawal and card spending limits for the Varo Bank Account, which limits may be modified from time to time depending on prior activity both on this account and on other transactions and also whether or not you have activated the Card: ATM Withdrawals and Over the Counter "OTC" Withdrawals No limit to the number of times per calendar day. Up to $750 1,000 per calendar day* Card Purchases (Signature and PIN combined, includes Cash Back at Point of Sale) No limit to the number of times per calendar day. Up to $2,500 per calendar day * The aggregated limit for all ATM cash withdrawals and OTC cash withdrawals is up to $750 1,000 per calendar day across your Varo Bank Account and Varo Savings Account. ATM owner-operators, merchants, and participating banks may impose their own lower limits on cash withdrawals as well as their own fees. Consistent with applicable law, you may use the Card to purchase goods or services everywhere (and/or obtain cash where permitted by the merchant) from any merchant that accepts Visa® cards as long as you do not exceed the available balance of the Varo Bank Account. Some merchants do not allow customers to conduct split transactions where the Card is used as partial payment for goods and services and the remainder of the balance is paid with another form of legal tender. If you wish to conduct a split transaction and it is permitted by the merchant, you must tell the merchant to charge only the exact amount of funds available in the Varo Bank Account to the Card. You must then arrange to pay the difference using another payment method. Some merchants may require payment for the remaining balance in cash. If you fail to inform the merchant that you would like to complete a split transaction prior to swiping or dipping the Card, the Card is likely to be declined. If you use the Card at an automated fuel dispenser, i.e., “pay at the pump”, the transaction may be preauthorized for an amount up to $75.00 or more. If the Card is declined, even though you have sufficient funds available, you should pay for your purchase inside with the cashier. If you use the Card at a restaurant, a hotel, for a car rental purchase, or for similar purchases, the transaction may be preauthorized for the purchase amount plus up to 20% or more to ensure there are sufficient funds available to cover tips or incidental expenses. A preauthorization places a hold on those available funds until the merchant sends us the final payment amount of your purchase. Once the final payment amount is received, the hold on the preauthorized amount will be removed. It may take up to seven (7) days for the hold to be removed. During the hold period, you will not have access to the preauthorized amount. All transactions relating to car rentals may result in a hold for that amount of funds for up to sixty (60) days. If you use the 16-digit Card number without presenting the Card (such as for a mail order, telephone, or Internet purchase), the legal effect will be the same as if you had used the Card itself. Card use restrictions include, but are not limited to: restricted geographic or merchant locations where there is a higher risk of fraud or illegal activity; restrictions to comply with laws or prevent our liability; and other restrictions to prevent fraud and other losses. For security reasons, we may, with or without prior notice, limit the type, amount, or number of transactions you can make with the Card. You may not use the Card for illegal online gambling or any other illegal transaction. We may increase, reduce, cancel, or suspend any of the restrictions or add new ones at any time. The Card cannot be redeemed for cash. Each time you use the Card, you authorize us to reduce the value available in the Varo Bank Account by the amount of the transaction and any applicable fees. You are not allowed to exceed the available amount in the Varo Bank Account through an individual transaction or a series of transactions. Nevertheless, if a transaction exceeds the balance of the funds available in the Varo Bank Account, you shall remain fully liable to us for the amount of the transaction and any applicable fees. See these paragraphs in sub-section C for additional details if the Varo Bank Account balance becomes negative: "6. No Overdrafts" and "7. Our Right to Set Off."

Cash Access and Card Transaction Limitations. With your PIN, you can may use your the Card to withdraw obtain cash from your the Varo Bank Account at any ATM Automat- ▇▇ ▇▇▇▇▇▇ Machine (“Automated Teller Machine"ATM") that bears the Allpoint®, ® or Plus®, or Shazam® Acceptance Mark(s) or at any Point-Point- of-Sale ("POS") device, as permissible by a merchant, that bears the Visa Interlink® or ShazamMaestro® Acceptance Mark(s). In the table below, you can see your All ATM transactions are treated as cash withdrawal transactions. These are the itemized cash access and card spending limits for the Varo Bank Account, which limits may be modified from time to time depending on prior activity both on this account and on other transactions and also whether or not you have activated the Card: Transaction Type Frequency and/or Dollar Limits* ATM Withdrawals and Withdrawal No limit to the number of times per calendar day Up to $750 per calendar day* Cash Back at POS No limit to the number of times per calendar day Up to $500 per calendar day* Over the Counter "OTC" Withdrawals No limit to the number of times per calendar day. day Up to $750 1,000 per calendar day* Card Purchases (Signature and PIN combined, includes Cash Back at Point of Sale) No limit to the number of times per calendar day. day Up to $2,500 per calendar day * The aggregated limit for all ATM cash withdrawals withdrawals, cash back at POS, and OTC cash withdrawals is up to $750 1,000 per calendar day across your Varo Bank Account and Varo Savings Accountday. ATM owner-operators, merchants, and participating banks may impose their own lower limits on cash withdrawals as well as their own fees. Consistent with applicable law, you may use the Card to purchase goods or services everywhere (and/or obtain cash where permitted by the merchant) from any merchant that accepts Visa® cards as long as you do not exceed the available balance of the Varo Bank Account. Some merchants do not allow customers to conduct split transactions where the Card is used as partial payment for goods and services and the remainder of the balance is paid with another form of legal tender. If you wish to conduct a split transaction and it is permitted by the merchant, you must tell the merchant to charge only the exact amount of funds available in the Varo Bank Account to the Card. You must then arrange to pay the difference using another payment method. Some merchants may require payment for the remaining balance in cash. If you fail to inform the merchant that you would like to complete a split transaction prior to swiping or dipping the Card, the Card is likely to be declined. If you use the Card at an automated fuel dispenser, i.e., “pay “pay at the pump”pumpâ€□, the transaction may be preauthorized for an amount up to $75.00 or more. If the Card is declined, even though you have sufficient funds available, you should pay for your purchase inside with the cashier. If you use the Card at a restaurant, a hotel, for a car rental purchase, or for similar purchases, the transaction may be preauthorized for the purchase amount plus up to 20% or more to ensure there are sufficient funds available to cover tips or incidental expenses. A preauthorization places a hold on those available funds until the merchant sends us the final payment amount of your purchase. Once the final payment amount is received, the hold on the preauthorized amount will be removed. It may take up to seven (7) days for the hold to be removed. During the hold period, you will not have access to the preauthorized amount. All transactions relating to car rentals may result in a hold for that amount of funds for up to sixty (60) days. If you use the 16-digit Card number without presenting the Card (such as for a mail order, telephone, or Internet purchase), the legal effect will be the same as if you had used the Card itself. Card use restrictions include, but are not limited to: restricted geographic or merchant locations where there is a higher risk of fraud or illegal activity; restrictions to comply with laws or prevent our liability; and other restrictions to prevent fraud and other losses. For security reasons, we may, with or without prior notice, limit the type, amount, or number of transactions you can make with the Card. You may not use the Card for illegal online gambling or any other illegal transaction. We may increase, reduce, cancel, or suspend any of the restrictions or add new ones at any time. The Card cannot be redeemed for cash. Each time you use the Card, you authorize us to reduce the value available in the Varo Bank Account by the amount of the transaction and any applicable fees. You are not allowed to exceed the available amount in the Varo Bank Account through an individual transaction or a series of transactions. Nevertheless, if a transaction exceeds the balance of the funds available in the Varo Bank Account, you shall remain fully liable to us for the amount of the transaction and any applicable fees. See these paragraphs in sub-section C for additional details if the Varo Bank Account balance becomes negative: "6. No Overdrafts" and "7. Our Right to Set Off."