Common use of Loading the Card Clause in Contracts

Loading the Card. The Card is a prepaid card where funds can be loaded in various ways, such as Direct Deposit of wages or of Federal payments. These loads are only accepted in the name of the cardholder. The funds that are available are recorded in your Card Account. Funds may also be loaded to your card using the Ingo Money App (see ▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇ for additional information). Even though we may allow use of third party load services such as Ingo Money to add funds to your Card Account, we do not provide these services and are not responsible for any issues that may arise with third party load services, except as otherwise stated in this Agreement. The use of third party load services is subject to the terms and conditions established by the third party load service. Although we do not charge any fees in connection with third party loads to your Card Account, the third party may charge fees. The value of the funds available on the Card at any given time is referred to in this Agreement as the “Available Funds.” By loading funds or by initiating transactions with the Card, you appoint the Bank to act as your agent to pool your funds, together with funds from other Cardholders and to deposit those funds at one or more banks. By initiating a transaction with the card, you appoint the Bank as your agent to obtain the funds on your behalf from the pooled funds account and to transfer your funds as you direct. This pooled account or accounts are referred to in this Agreement as the “CNB Agency Pooled Account”. Your funds will be held separately from the corporate funds of the Bank. The value associated with this card is insured by the Federal Deposit Insurance Corporation (FDIC) up to applicable limits.

Loading the Card. The Card is a prepaid card where funds can be loaded in various ways, such as Direct Deposit of wages or of Federal government agency payments. These loads are only accepted in the name of the cardholder. The funds that are available are recorded in your Card Account. Funds may also The Card can be loaded to your card using by other means, such as other employers or authorized third party loading services (such as the Ingo Money App (- see ▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇ for additional information), only after successful identity verification – see section 3, Verification of Identity. Even though we may allow use of third party load services such as Ingo Money to add funds to your Card Account, we do not provide these services and are not responsible for any issues that may arise with third party load services, except as otherwise stated in this Agreement. The use of third party load services is subject to the terms and conditions established by the third party load service. Although we do not charge any fees in connection with third party loads to your Card Account, the third party may charge fees. The value of the funds available on the Card at any given time is referred to in this Agreement as the “Available Funds.” By loading funds or by initiating transactions with the Card, you appoint the Bank to act as your agent to pool your funds, together with funds from other Cardholders and to deposit those funds at one or more banks. By initiating a transaction with the card, you appoint the Bank as your agent to obtain the funds on your behalf from the pooled funds account and to transfer your funds as you direct. This pooled account or accounts are referred to in this Agreement as the “CNB Agency Pooled Account”. Your funds will be held separately from the corporate funds of the Bank. The value associated with this card is insured by the Federal Deposit Insurance Corporation (FDIC) up to applicable limits.