Terms and Conditions
Agreement between User and www.spendsible.com
Welcome to www.spendsible.com. The www.spendsible.com website (the “Site”) is comprised of various web pages operated by Spendsible (“Spendsible”). www.spendsible.com is offered to you conditioned on your acceptance without modification of the terms, conditions, and notices contained herein (the “Terms”). Your use of www.spendsible.com constitutes your agreement to all such Terms. Please read these terms carefully, and keep a copy of them for your reference.
www.spendsible.com is a Financial Site.
Visiting www.spendsible.com or sending emails to Spendsible constitutes electronic communications. You consent to receive electronic communications and you agree that all agreements, notices, disclosures and other communications that we provide to you electronically, via email and on the Site, satisfy any legal requirement that such communications be in writing.
If you use this site, you are responsible for maintaining the confidentiality of your account and password and for restricting access to your computer, and you agree to accept responsibility for all activities that occur under your account or password. You may not assign or otherwise transfer your account to any other person or entity. You acknowledge that Spendsible is not responsible for third party access to your account that results from theft or misappropriation of your account. Spendsible and its associates reserve the right to refuse or cancel service, terminate accounts, or remove or edit content in our sole discretion.
Children Under Thirteen
Spendsible does not knowingly collect, either online or offline, personal information from persons under the age of thirteen.
In order to use the ACH feature within the Spendsible app, you must be at least 18 years of age. Persons under the age of 18 may use the app with permission from a legal guardian but may not facilitate or set up the bank links and ACH transfer feature.
Users may cancel their account at any time.
Links to Third Party Sites/Third Party Services
www.spendsible.com may contain links to other websites (“Linked Sites”). The Linked Sites are not under the control of Spendsible and Spendsible is not responsible for the contents of any Linked Site, including without limitation any link contained in a Linked Site, or any changes or updates to a Linked Site. Spendsible is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement by Spendsible of the site or any association with its operators.
Certain services made available via www.spendsible.com are delivered by third party sites and organizations. By using any product, service or functionality originating from the www.spendsible.com domain, you hereby acknowledge and consent that Spendsible may share such information and data with any third party with whom Spendsible has a contractual relationship to provide the requested product, service or functionality on behalf of www.spendsible.com users and customers.
Using the Spendsible Platform
The Spendsible platform is a savings and social savings platform. Our platform is available through www.spendsible.com and our mobile App that can be downloaded from our web page or google and apple app stores.
The Spendsible platform is designed to help you build savings by moving money between two accounts you own (i.e. a checking and a savings) or to have other people like friends and family contribute to a savings goal. The platform is not designed to make payments for items purchased, pay debts, or any other financial related transactions. The platform uses ACH to transfer money from the account you designate to an account you have set up.
-Transfers and Accounts
When you create a Spendsible account you are Authorized to set up two bank accounts that link to your Dwolla account. One as your source and one as your destination. When you make a save and authorize the transaction, money will move from your source to your Dwolla account and then to your destination. The ACH transfers can take 1-2 days at each step depending on day of the week, time, and other factors. To make things as fast as possible, we have set any money that is moved to your Dwolla account to automically move to your destination account. There is no need for you to intervene or set up a new transfer. The final transfer time to move money from your source to destination account will be 3-5 days.
You are currently limited to $100 per day in transfers.
Your are only allowed two accounts plus your transition account we set up for you.
You will be asked to verify your account either through small deposits or some other means.
Spendsible in its sole discretion can change the schedule of the transfers for free or pay accounts.
Free accounts – Your savings are aggregated and the transfer is made weekly on each Wednesday of the week.
Pay accounts – Your savings are immediately transferred.
The Spendsible platform allows transfers to third parties. If using this feature, you understand that once money is transferred out to the third party Spendsible can not recover the funds for you. It is very important you verify, trust, and have reason to send money to a third party.
The Spendsible platform is designed to move money and should be treated the same way you treat your bank accounts. Never share your password, keep your password strong by using multiple characters and numbers, and we recommend using two-factor authentication.
Spendsible will never ask for your account information via email.
-Transfers to Self – $.10 per transfer for free accounts and $.02 for pay accounts.
-Transfers to Friend/Family – 2% free accounts and 0% for pay accounts
-Transfers to third parties (Charities, Groups, other entities) – 5% all accounts
No Unlawful or Prohibited Use/Intellectual Property
All content included as part of the Service, such as text, graphics, logos, images, as well as the compilation thereof, and any software used on the Site, is the property of Spendsible or its suppliers and protected by copyright and other laws that protect intellectual property and proprietary rights. You agree to observe and abide by all copyright and other proprietary notices, legends or other restrictions contained in any such content and will not make any changes thereto.
You will not modify, publish, transmit, reverse engineer, participate in the transfer or sale, create derivative works, or in any way exploit any of the content, in whole or in part, found on the Site. Spendsible content is not for resale. Your use of the Site does not entitle you to make any unauthorized use of any protected content, and in particular you will not delete or alter any proprietary rights or attribution notices in any content. You will use protected content solely for your personal use, and will make no other use of the content without the express written permission of Spendsible and the copyright owner. You agree that you do not acquire any ownership rights in any protected content. We do not grant you any licenses, express or implied, to the intellectual property of Spendsible or our licensors except as expressly authorized by these Terms.
Third Party Accounts
You will be able to connect your Spendsible account to third party accounts. By connecting your Spendsible account to your third party account, you acknowledge and agree that you are consenting to the continuous release of information about you to others (in accordance with your privacy settings on those third party sites). If you do not want information about you to be shared in this manner, do not use this feature.
The Service is controlled, operated and administered by Spendsible from our offices within the USA. If you access the Service from a location outside the USA, you are responsible for compliance with all local laws. You agree that you will not use the Spendsible Content accessed through www.spendsible.us or the Spendsible app in any country or in any manner prohibited by any applicable laws, restrictions or regulations.
Currently, Spendsible ACH and Bank linking features are for US residents only who reside in the US and have a US bank accounts. At this time international users or US citizens not residing in the US may not use the ACH or bank linking features.
You agree to indemnify, defend and hold harmless Spendsible, its officers, directors, employees, agents and third parties, for any losses, costs, liabilities and expenses (including reasonable attorney’s fees) relating to or arising out of your use of or inability to use the Site or services, any user postings made by you, your violation of any terms of this Agreement or your violation of any rights of a third party, or your violation of any applicable laws, rules or regulations. Spendsible reserves the right, at its own cost, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you will fully cooperate with Spendsible in asserting any available defenses.
In the event the parties are not able to resolve any dispute between them arising out of or concerning these Terms and Conditions, or any provisions hereof, whether in contract, tort, or otherwise at law or in equity for damages or any other relief, then such dispute shall be resolved only by final and binding arbitration pursuant to the Federal Arbitration Act, conducted by a single neutral arbitrator and administered by the American Arbitration Association, or a similar arbitration service selected by the parties, in a location mutually agreed upon by the parties. The arbitrator’s award shall be final, and judgment may be entered upon it in any court having jurisdiction. In the event that any legal or equitable action, proceeding or arbitration arises out of or concerns these Terms and Conditions, the prevailing party shall be entitled to recover its costs and reasonable attorney’s fees. The parties agree to arbitrate all disputes and claims in regards to these Terms and Conditions or any disputes arising as a result of these Terms and Conditions, whether directly or indirectly, including Tort claims that are a result of these Terms and Conditions. The parties agree that the Federal Arbitration Act governs the interpretation and enforcement of this provision. The entire dispute, including the scope and enforceability of this arbitration provision shall be determined by the Arbitrator. This arbitration provision shall survive the termination of these Terms and Conditions.
Class Action Waiver
Any arbitration under these Terms and Conditions will take place on an individual basis; class arbitrations and class/representative/collective actions are not permitted. THE PARTIES AGREE THAT A PARTY MAY BRING CLAIMS AGAINST THE OTHER ONLY IN EACH’S INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PUTATIVE CLASS, COLLECTIVE AND/ OR REPRESENTATIVE PROCEEDING, SUCH AS IN THE FORM OF A PRIVATE ATTORNEY GENERAL ACTION AGAINST THE OTHER. Further, unless both you and Spendsible agree otherwise, the arbitrator may not consolidate more than one person’s claims, and may not otherwise preside over any form of a representative or class proceeding.
THE INFORMATION, SOFTWARE, PRODUCTS, AND SERVICES INCLUDED IN OR AVAILABLE THROUGH THE SITE MAY INCLUDE INACCURACIES OR TYPOGRAPHICAL ERRORS. CHANGES ARE PERIODICALLY ADDED TO THE INFORMATION HEREIN. SPENDSIBLE AND/OR ITS SUPPLIERS MAY MAKE IMPROVEMENTS AND/OR CHANGES IN THE SITE AT ANY TIME.
SPENDSIBLE AND/OR ITS SUPPLIERS MAKE NO REPRESENTATIONS ABOUT THE SUITABILITY, RELIABILITY, AVAILABILITY, TIMELINESS, AND ACCURACY OF THE INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS CONTAINED ON THE SITE FOR ANY PURPOSE. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, ALL SUCH INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS ARE PROVIDED “AS IS” WITHOUT WARRANTY OR CONDITION OF ANY KIND. SPENDSIBLE AND/OR ITS SUPPLIERS HEREBY DISCLAIM ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS, SERVICES AND RELATED GRAPHICS, INCLUDING ALL IMPLIED WARRANTIES OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT.
Spendsible reserves the right, in its sole discretion, to terminate your access to the Site and the related services or any portion thereof at any time, without notice. To the maximum extent permitted by law, this agreement is governed by the laws of the State of California and you hereby consent to the exclusive jurisdiction and venue of courts in California in all disputes arising out of or relating to the use of the Site. Use of the Site is unauthorized in any jurisdiction that does not give effect to all provisions of these Terms, including, without limitation, this section.
You agree that no joint venture, partnership, employment, or agency relationship exists between you and Spendsible as a result of this agreement or use of the Site. Spendsible’s performance of this agreement is subject to existing laws and legal process, and nothing contained in this agreement is in derogation of Spendsible’s right to comply with governmental, court and law enforcement requests or requirements relating to your use of the Site or information provided to or gathered by Spendsible with respect to such use. If any part of this agreement is determined to be invalid or unenforceable pursuant to applicable law including, but not limited to, the warranty disclaimers and liability limitations set forth above, then the invalid or unenforceable provision will be deemed superseded by a valid, enforceable provision that most closely matches the intent of the original provision and the remainder of the agreement shall continue in effect.
Unless otherwise specified herein, this agreement constitutes the entire agreement between the user and Spendsible with respect to the Site and it supersedes all prior or contemporaneous communications and proposals, whether electronic, oral or written, between the user and Spendsible with respect to the Site. A printed version of this agreement and of any notice given in electronic form shall be admissible in judicial or administrative proceedings based upon or relating to this agreement to the same extent and subject to the same conditions as other business documents and records originally generated and maintained in printed form. It is the express wish to the parties that this agreement and all related documents be written in English.
Changes to Terms
Spendsible reserves the right, in its sole discretion, to change the Terms under which www.spendsible.com is offered. The most current version of the Terms will supersede all previous versions. Spendsible encourages you to periodically review the Terms to stay informed of our updates.
Spendsible welcomes your questions or comments regarding the Terms:
5811 McFadden Ave, Ste 38
Huntington Beach, California 92649
Email Address: [email protected]
Effective as of May 01, 2019