This Cardholder Agreement establishes the terms and conditions between you and Patriot Bank, N.A. for the issuing and use of Cards and a Company Account managed by dashfi Inc d/b/a dash.fi (“dash.fi”). You consent to this Cardholder Agreement and to receive all Notices under this Cardholder Agreement electronically. Capitalized terms used in this Cardholder Agreement have the meaning provided below in Section 4. We may update or replace this Cardholder Agreement by posting an updated version to the dashfi Website or notifying you by email. You are responsible for complying with any updated terms.

PLEASE READ THIS CARDHOLDER AGREEMENT CAREFULLY AS YOUR ACCEPTANCE AND USE OF CARDS IS YOUR CONSENT TO THESE TERMS AND CONDITIONS.

Payment services are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: The Steward Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199). In the US Currency Cloud operates in partnership with CFSB. CFSB fully owns the bank program and services are provided by The Currency Cloud Inc. Please see terms and conditions for more details.

1.1 Applying for, Receiving, and Activating Cards

You must complete an application and be approved for or have opened a dashfi Account, and maintain it in good standing, prior to requesting Cards. You are solely responsible for any actions Administrators take on your behalf and must immediately notify dashfi if an Administrator has been removed. Only persons Authorized by your company (the “Company”) may initiate Charges on issued Cards.

You authorize us (and our partners) to investigate the Company, Cardholders, and principals when opening or reviewing the Company Account. The Company Account may be subject to annual or more frequent review, and we and our partners may reinvestigate and reevaluate the Company Account at any time and require additional information (including additional financial information) or otherwise verify your current credit standing. You will promptly provide us all information we or our partners request. We and our partners may exchange information with business credit reporting agencies or other financial service providers the Company may use when evaluating the Company Account.

Cards must be activated prior to use. Activation instructions for virtual Cards are provided to Cardholders through your dashfi Account.

We may, in our sole discretion, refuse to issue any requested Card. We also have the right to cancel, revoke, or suspend any Card at any time without notice.

To help the government fight the funding of terrorism and money laundering activities, US Federal law requires that dashfi and other financial institutions obtain, verify, and record information identifying companies and their beneficial owners. You agree to provide the required information when opening your dashfi Account and further agree to keep such information current. If company name or address changes while your account is active, it is your responsibility to contact dashfi with this new information. This information may be shared with dashfi for these purposes.

1.2 Using Cards

Cardholders may only use Cards to make bona fide business purchases on behalf of Company at merchants that accept payment over the Card Network.

Cardholders may use Cards for subscriptions or other recurring Charges. You are responsible for any Charges resulting from subscriptions or recurring Charges even where they result from a Cardholder neglecting to cancel the subscription or recurring Charge.

dashfi, Issuers, Card Networks, or other intermediary Third-Party Service Providers (including merchant acquirers) may deny or reverse Charges for any reason. dashfi is not responsible for any losses, damages, or harm caused by any Charges that are denied or reversed.

All Users are subject to all terms, agreements, and policies incorporated by reference, including these Card Program Terms, and must comply with all of the User Terms. Company is responsible for ensuring that Users read, understand and comply with their obligations with respect to use of the Cards and the Services.

Prior to final determination by a merchant of the amount owed pursuant to a Charge, we may place a hold on a Card and reduce the spending limit by the amount of the temporary hold until the merchant or Card Network releases the hold. For example, a hotel may authorize a $250 Charge for incidentals upon an employee’s arrival but will not submit a Charge to the Card Network until the employee’s departure once the actual costs of incidentals are known; and in such case, we would place a hold on the account and reduce the spending limit by $250.

We will use Financial Data from Linked Accounts to verify account balances and account information, identify spending patterns and potential fraud, determine and review spending limits, analyze and report transactions, and provide Services to you. You may be required to maintain at least one Linked Account at all times and agree that dashfi may directly debit any Linked Account for payment of amounts owed. You may change or update Linked Accounts through your dashfi Account. Use of specific Services or features may also require dashfi to access Company Data through Third-Party Services.

1.3 Limitations on Use

Cards may not be used for any unlawful purpose; for any personal, family, household, or other use not for Company’s benefit; for cash advances or withdrawals; or for any Prohibited Activities.

We may decline to authorize or reverse Charges or suspend Cards for any reason including violation of this section, suspected fraud, or reevaluation of creditworthiness of the Company. We are not responsible for losses you incur from declined or reversed Charges.

1.4 Spending Limits

Company spending limits are set by dashfi using Company Data including advertising performance, spending patterns, financial projections, the nature and history of Company's business, anticipated use of the Card, and available funds. We may not disclose exact spending limits but may provide guidance identifying whether specific transactions or monthly volumes may exceed any spending limits.

dashfi or its partners will determine a Company Credit Limit and may adjust this Company Credit Limit at any point. Debt on a Company Account may not exceed the Company Credit Limit. While we may not disclose the Company Credit Limit to you, Charges will reduce the Company Credit Limit and Charges in excess of the spending limits will be denied. Temporary grants to increase either the Company Credit Limit or spending limits on specific Cards, where permitted, may not affect future spending limits.

You are liable for the entire Debt, including any amounts in excess of the Company Credit Limit. We may require you to pay any Debt that exceeds the Company Credit Limit immediately, on demand. We may increase or decrease the Company Credit Limit at any time at our sole discretion and without prior notice to you or the Cardholder.

1.5 Disputing Charges

You are responsible for reviewing your Periodic Statements promptly and identifying any Charges that you believe are unauthorized or that you dispute.

Merchants are required by the Card Network to provide a receipt for each Charge. Cardholders should retain these receipts as evidence for any Disputed Charges.

You will email Notices to support@dash.fi  if you believe a Charge was made in error or was unauthorized, or if you believe the Periodic Statement contains any errors. You must report any Disputed Charge or error no more than 60 days after the Disputed Charge is posted to your Company Account. The Card Networks do not accept, and we will not process any Disputed Charges reported more than 60 days after the Disputed Charge or error posted to your Company Account. Notices for Disputed Charges must specify the Company, Cardholder, details about the Transaction, and an explanation of your belief that the Disputed Charge was made in error or was unauthorized. The information you submit will be reviewed in a commercially-reasonable manner.

The Company Account is commercial in nature and, thus, the Electronic Funds Transfer Act (EFTA) and Regulation E do not apply to Disputed Charges.

By accepting this Cardholder Agreement, you assign and transfer to us or our agents any rights and claims, excluding tort claims, that you may have against a merchant for any Disputed Charge fully or partially credited to the Company Account.

1.6 Security and Responsibility for Unauthorized Charges

You and Cardholders are responsible for securing Cards, account numbers and Card security features (including the CVV and PIN). Company is responsible for Charges, fees and penalties resulting from Cardholders’ failure to exercise reasonable care in safeguarding Cards from loss or theft, or failure to promptly report loss or theft, and for all other Transactions on Cards issued to Company or Cardholders.

1.7 Suspending or Closing your Account

We may close or suspend a Company Account or any Card, or refuse to authorize any Charge, in our sole discretion and without notice to you. We may condition the reactivation of suspended Cards or the Company Account upon payment of Debt or the deposit of a reserve amount as determined by dashfi in its sole discretion; or may require Company to provide information dashfi believes is reasonably necessary to comply with legal or regulatory requirements.

You may close the Company Account by providing Notice through your dashfi Account.

You must pay all amounts owed under this Card Agreement and the dashfi Terms of Use, as applicable, prior to closure of the Company Account by dashfi or you.

2.1 Fees and Penalties

Associated fees and penalties are disclosed to you on the dashfi Website before you open the Company Account and may be adjusted from time to time without notice. Fees and penalties may include an annual fee, initiation fee, periodic fees, foreign transaction fees, penalties for misuse, and penalties for late or failed payments. You may also incur fees for Card issuance or replacement, or maintenance of the Company Account. All fees or penalties owed are in addition to amounts owed for Charges on the Company Account.

2.2 Promise to Pay; Entire Balance Due

You promise to pay the Debt as and when payment is due in accordance with the terms of this Card Agreement and the dashfi Terms of Service. This includes all Charges made by Cardholders, by persons authorized to act on your or a Cardholder’s behalf or given access Cards by Cardholders, regardless of whether a Card is physically presented for a Charge. You shall pay to us all Debt, no matter how it is incurred, for what it is incurred (even if incurred for a purpose not permitted under this Agreement), or who has incurred it. You further promise to pay all fees or penalties incurred through use of Cards for such Charges.

We can declare the Debt immediately due and payable (such accelerated debt, “Due Debt,” and such declaration, a “Due Debt Event”) on demand where you: (a) fail to pay the full amount owed under a Periodic Statement when it becomes due; (b) breach or threaten to breach this Card Agreement; (c) provide any false or misleading information or fail to maintain information as current while this Cardholder Agreement is in effect; (d) you are in default under, or threaten to breach, any other agreement with us; (e) you do or we believe you may cease to exist, take any action to dissolve or wind up your affairs, engage in voluntary or involuntary bankruptcy filings or such case is filed by or against you, or a receiver or trustee for the benefit of creditors is appointed for you, or you or we close the Company Account.

In the event of the occurrence of any Due Debt Event you agree that in our sole discretion we may at any time (and without any prior notice to you), use any other funds held by us on your behalf which may have been earmarked or otherwise used to pay third parties including advertisers and Facebook) in order to pay and settle such Due Debt with us.  You agree that we shall have first priority (and an accompanying lien and first priority security interest) with respect to any Due Debt, and that we shall have no obligation or liability in connection with exercising any of our rights hereunder with respect to such Due Debt, including, without limitation (i) the failure of an advertiser or other third-party to be paid for their products and services (i.e. due to the use of funds to first pay and settle the Due Debt owed to us), (ii) the suspension, termination of closure of your account(s) with any third parties, and (iii) any actions taken by any third parties against you, us or any other party with respect to any such payment failure(s) which may have resulted due to the application of funds to the payment and settlement of the Due Debt to us.  Furthermore, you agree to take all actions reasonably requested by us in order to give full legal effect to our rights set forth in this Section 2.3.

2.3 Periodic Statements and Payment

All Charges, fees, and penalties incurred on the Company Account will be reflected in your Periodic Statement and made available to you through your dashfi Account. You will pay all amounts in the Periodic Statement as directed through your dashfi Account or as otherwise directed by dashfi. You will pay all amounts owed in USD.

2.4 Default

A Company Account may be in default where you breach this Cardholder Agreement, do not pay amounts owed when due, or file for dissolution or bankruptcy; where you open or maintain the Company Account using inaccurate or false information; or where you pose an unacceptable regulatory or financial risk to us or third parties.

If we determine that the Company Account is in default, the Company Credit Limit may be reduced, Charges may not be authorized, new Cards may not be issued, and we may deem all amounts immediately due even before the end of statement period.

2.5 Failure to Pay and Collections

You will pay all reasonable costs, including legal fees, dashfi may incur while collecting amounts owed by Company under this Card Agreement. For the purposes of collections of amounts owed, dashfi is a third-party beneficiary authorized to pursue collections of all amounts you may owe under this Cardholder Agreement. You agree to pay all costs and disbursements, including reasonable attorney fees, incurred by us to collect the Debt or to enforce your obligations under this Agreement.

If you fail to pay the full amount owed on time, we may attempt to collect amounts owed from any Linked Account that is currently or was previously linked. We may collect partial payments for unpaid amounts from any Linked Account that is currently or was previously linked, but any partial payment is not a waiver of our rights and will not satisfy your obligation to pay in full.

2.6 Security Interest and Setoff

To secure the Debt, you hereby grant us a security interest in and a right of setoff against all amounts and property of yours now or hereafter in possession of or on deposit with us, whether held in general or special account or deposit or for safekeeping or otherwise. The forgoing is subject to any limitations imposed by applicable federal or state law and in addition to other remedies available to us.

Every such security interest and right of setoff may be exercised without demand upon or notice to you. No security interest or right of setoff will be deemed to have been waived by any act or conduct on our part, or any failure to enforce such security interest or to exercise such right of setoff, or by any delay in doing so. Every security interest and right of setoff will continue in full force and effect until such security interest or right of setoff is specifically waived or released by an instrument in writing executed by us. This right will exist even if we do not exercise it prior to the making, filing, or issuance of an arbitration demand, court order, or other action.

If you have other loans from us, or if you take out other loans with us in the future, collateral securing those loans will also secure your obligations under this Agreement, unless we otherwise agree in writing.

2.7 Payment Reserve Account

dashfi may provide a Reserve Account to fund your Cards payment volume and/or secure the obligations to us that you incur in connection with your Account. You must maintain a minimum reserve balance with dashfi's bank partners of at least three times the largest daily settlement amount in the preceding thirty (30) days. dashfi will provide an initial amount prior to your account being created.  We will maintain separate records for your Payment Reserve Account. We will not send statements for the Payment Reserve Account. We may request funds periodically to meet the minimum balance requirements. We may take up to 45 days to return any excess reserves to you if you decide to not access the funds with Cards. We will not pay interest on the Payment Reserve Account.