Legal Disclosures
Last updated: March 5, 2025
The following Holdings Business Deposit Account Agreement Disclosures (the “Disclosures”) applies to the demand deposit account (the “Account”) issued by i3 Bank (the “Bank”), member of the Federal Deposit Insurance Corporation (“FDIC”) and chartered under the laws of the State of Nebraska. These Disclosures are incorporated by reference into the i3 Bank Business Deposit Account Agreement (the “Agreement”) and i3 Bank Business Visa Debit Cardholder Agreement (the “Cardholder Agreement”). Holdings Financial Technologies Inc. (“Program Partner”) is responsible for assisting the Bank with the administration of the Holdings Business Deposit Account Program (the “Program”). Capitalized terms not otherwise defined herein are ascribed the same meaning as set forth in the Agreement.
1.1 How to Contact Us
For most matters, you should email us at support@holdings.io or contact us via the Online Banking Application. You may also contact us via telephone at 888-806-1639. The Program Partner’s website is available at https://getholdings.com.
For questions or concerns about any debit card-related transactions, including, but not limited to: (i) if your debit card, debit card number, or PIN is lost, stolen, or misplaced; (ii) the fraud alerts program or support or (iii) if you would like us to stop a recurring debit to your debit card, please contact us at 1-833-333-0417.
For questions or concerns about any non-card transactions, including, but not limited to: (i) suspected errors or unauthorized EFTs; or (ii) if you would like to place a stop payment request for preauthorized transfers, please contact us at support@holdings.io or the Online Banking Application.
If applicable, for questions or concerns about adding and/or deleting Authorized Users; checking your current interest rate; substitute checks or check standards; or closing your Account, please contact us at support@holdings.io or the Online Banking Application.
For questions or concerns about updating your name, address, or other contact information; identity theft; reporting account takeover; checking the status of a transaction; or providing instructions regarding a transaction, such as direct deposits and other incoming ACH transactions, please contact us at support@holdings.io.
1.2 Account Types and Tiers
We offer five (5) Account tiers: Tier 1, Tier 2, Tier 3, Tier 4, and Legacy.
If your daily balance is less than $50,000 at the end of the Business Day, your tier designation will be Tier 1.
If your daily balance is $50,000 to $250,000 at the end of the Business Day, your tier designation will be Tier 2.
If your daily balance is $250,000.01 to $1,000,000 at the end of the Business Day, your tier designation will be Tier 3.
If your daily balance is $1,000,000.01 or more at the end of the Business Day, your tier designation will be Tier 4.
If you opened your account with us before [insert date], your tier designation will be Legacy notwithstanding your account balance.
The Tier that you are placed in may affect your transaction limitations and/or interest as set forth in the Disclosures. Unless otherwise stated in the Disclosures, all terms contained in the Agreement apply equally to all Tiers.
1.3 Paperless Account
To open an Account, you must agree to go “paperless.” This means that you must (a) provide us with and continue to maintain a valid email address and (b) accept electronic delivery of all communications that we need or decide to send you in connection with your Account by agreeing to the [insert title of ESIGN Consent Document and link].
1.4 How To Open an Account
You may open an Account by visiting the Program Partner’s website at https://getholdings.com/ and following the instructions there.
You may also open an Account by downloading the Holdings mobile application and following the instructions within the application.
1.6 Minimum Deposits and Balances
Option A: If you intend to impose minimum opening deposits or ongoing minimum balances, including a minimum balance that must be maintained before the accountholder is eligible to earn interest, this section must be replaced with disclosures consistent with Regulation DD – see examples below:
[You must deposit $__ to open this Account.]
[You must maintain a minimum balance of $__ in the Account each day to obtain the disclosed annual percentage yield.]
[or]
Option B: There is no minimum deposit required to open an Account and no minimum balance you need to maintain in your Account.
1.7 Interest Disclosures
Tier 1
This Account is not interest-bearing. No interest will be paid on this Account.
Tier 2
The interest rate and annual percentage yield on your Account is variable. This interest rate and annual percentage yield may change from time to time. The interest rate on your Account is based on the midpoint of the federal funds rate target range as established by the Federal Open Market Committee of the Federal Reserve, multiplied by 80%, then multiplied by 43%. You can access the current interest rate applicable to your Account through the Online Banking Services or by contacting us as specified in Section 1.1 above.
Tier 3
The interest rate and annual percentage yield on your Account is variable. This interest rate and annual percentage yield may change from time to time. The interest rate on your Account is based on the midpoint of the federal funds rate target range as established by the Federal Open Market Committee of the Federal Reserve, multiplied by 80%, then multiplied by 57%. You can access the current interest rate applicable to your Account through the Online Banking Services or by contacting us as specified in Section 1.1 above.
Tier 4 and Legacy
The interest rate and annual percentage yield on your Account is variable. This interest rate and annual percentage yield may change from time to time. The interest rate on your Account is based on the midpoint of the federal funds rate target range as established by the Federal Open Market Committee of the Federal Reserve, multiplied by 80%, then multiplied by 85%. You can access the current interest rate applicable to your Account through the Online Banking Services or by contacting us as specified in Section 1.1 above.
Interest on your Account will be compounded and credited on a monthly basis. If you close your Account, you will receive any interest that has accrued as of the date your Account is closed.
We use the daily balance method to calculate the interest on your Account. This method applies a daily periodic rate equal to 1/365 of the interest rate to the collected balance in the Account each day. Interest will begin to accrue no later than the next business day following the banking day on which the funds were deposited.
1.8 Confidentiality and Our Privacy Policy
Information about your Account and your transactions is collected pursuant to the Agreement. The Program Partner’s privacy policy is available at [insert Client’s privacy policy link].
1.9 Deposits Into Your Account
You may make deposits into your Account using any of these methods described below. We do not charge you any fees for making deposits.
Deposit Method
Limitations for Your Account
Direct Deposits and other ACH transfers initiated by a third party*
No limits
Internal transfers between eligible Accounts managed by the Program (see “Transfers To or From Accounts You Have With Us” section of the Agreement)
No limits
Direct payments/ACH debits via ACH Origination Service
(Deposits resulting from payment requests initiated from your Account)
And
ACH transfers to your Account from a connected U.S. bank account with another institution (see the “Transfers To or From Connected U.S. Bank Accounts” section of the Agreement)**
$100,000/day
$3,000,000/month
Cash deposit at in-network ATM
$2,000/day
You can identify an in-network ATM by looking for the Allpoint logo on or near the ATM. You cannot make cash deposits at out-of-network ATMs.
Checks (via the Check Deposit Services*)
$50,000/day
$500,000/month
* The recipient’s name on any direct deposit, ACH, or deposited check must match the name on the Account or the deposit may be returned to the originator.
**You may transfer funds between your Account and another bank account. The connected bank account must be located in the United States.
1.10 Our Funds Availability Policy
It is our policy to make deposits to your Account available for withdrawal according to the table provided in the “Our Funds Availability Policy” section of the Agreement, except where limited by us pursuant to the “Transfers To or From Connected U.S. Bank Accounts” section of the Agreement.
Your Account supports the following types of deposits:
If you make or receive a deposit via…
Internal transfers between eligible Accounts managed by the Program (see “Transfers To or From Accounts You Have With Us” section of the Agreement)
Direct Deposits and other ACH transfers initiated by a third party
Domestic wire
Cash deposit at in-network ATM